$312,000
SOLD FEB 21, 2025

1 Saco Island Terrace Unit 315 Saco, ME 04072

Downtown Saco Neighborhood
2 Beds
1.5 Baths
1,056 Sq Ft
$522/mo HOA Fee

Recently Sold

$295 Per Sq Ft

2% Below List Price

25 Days on Market

Highlights

  • Nearby Water Access
  • River Front
  • Property is near public transit
  • Saco Middle School Rated A-
  • The property is located in a historic district
  • Living Room

About This Home

As of February 2025

Beautiful water views and the convenience of living downtown! This 1,056 sq ft, 3rd-floor Saco Island condo is situated right on the Saco River. Walk to numerous restaurants and shops in downtown Saco or Biddeford. The condo features beautiful high ceilings and large windows overlooking the river and the area's amazing, historic mills. The unit has 2 spacious bedrooms upstairs and 1.5 baths. The building is secure with a coded gate and a fobbed entrance. Two cats allowed, no dogs, no smoking, and 6-month minimum rentals are permitted. Heat/central A/C and water are all included in your monthly association dues. Additional parking is available nearby. Shared front-loading laundry machines just down the hall. Enjoy a shared firepit near the falls, with easy access to the train and bus stations.

Last Agent to Sell the Property

Cynthia Will Nelson

Keller Williams Realty Brokerage Phone: 207-956-2764 Listed on: 12/13/2024

Keller Williams Realty

Co-Listed By

Holly Mitchell

Keller Williams Realty Brokerage Phone: 207-956-2764

Last Buyer's Agent

Tasha Massey

On Point Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,217

Year Built

  • Built in 1987

Lot Details

  • River Front
  • Property fronts a private road
  • Sprinkler System

HOA Fees

  • $522 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Wood Frame Construction
  • Masonry

Interior Spaces

  • 1,056 Sq Ft Home
  • Multi-Level Property
  • Living Room

Kitchen

  • Electric Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor

Home Security

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking
  • Reserved Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby

Location

  • Property is near public transit
  • The property is located in a historic district
  • City Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number SACO-000037-000001-000001-000315

Community Details

Overview

  • 90 Units
  • Island Terrace Owner's Association Subdivision

Pet Policy

  • No Dogs Allowed

Additional Features

  • Coin Laundry
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,217

Year Built

Built in 1987

Lot Details

0

HOA Fees

$522 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Water Body Name: Saco River
  • Co List Office Mls Id: 1898
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Subdivision Name: Island Terrace Owner's Association
  • Directions: Turn into 110 Main St Saco. Follow parking lot to the gate. The entrance to island Terrace is through the gate to the white awning on the left. 1st door is open and the lockbox inside. It contains a fob to get into the building.
  • Above Grade Finished Sq Ft: 1056.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1987
  • Attribution Contact: 207-956-2764
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1056.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 522.0
  • Location Information:Fee Frequency Paid: Monthly
  • Roads:Private: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 90
  • Cooling:Heat Pump3: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Heat Fuel:Gas Natural: Yes
  • Cooling:Central Air: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Historic District: Yes
  • Gas:Natural - At Street: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • Exterior:Brick: Yes
  • Location:Near Railroad: Yes
  • Transportation:Public Transport Access: Yes
  • Misc Amenities Sprinkler: Yes
  • Transportation:Rail Available: Yes
  • Roof:Flat: Yes
  • Condominium:Rental Terms: 6 month minimum lease allowed
  • Construction:Masonry: Yes
  • Amenities:Laundry - Coin: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Parking Reserved Parking Spaces: 1
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher
  • Has Basement: Other, Not Applicable
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Bedroom 2 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Lot Features: Sidewalks, Historic District, Intown, Near Shopping, Near Public Transit, Near Railroad
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Brick, Masonry, Wood Frame
  • Foundation Details: Other
  • Roof: Flat

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Laundry - Coin
  • Security: Sprinkler
  • Cooling: Heat Pump, Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 522.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No Dogs Allowed, Other Restrictions

Schools

  • Junior High Dist: Saco Public Schools

Lot Info

  • Land Lease: No
  • Parcel #: SACO-000037-000001-000001-000315
  • Zoning: SI

Multi Family

  • Number Of Units In Community: 90

Tax Info

  • Tax Annual Amount: 2217.0
  • Tax Book Number: 19279
  • Tax Lot: 001
  • Tax Map Number: 037
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2005
Sold by
Wark R M
Bought by
Archambault Danette J
Current Estimated Value
$314,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,800
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $253,968 FHA
Closed $136,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Sold $312,000 -1.6% $295 / Sq Ft
01/07/2025 01/07/25 Pending -- -- --
12/13/2024 12/13/24 For Sale $317,000 -- $300 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,217 $157,800 $68,900 $88,900
2023 $2,328 $157,800 $68,900 $88,900
2022 $2,099 $114,500 $52,500 $62,000
2021 $1,888 $100,000 $42,000 $58,000
2020 $1,705 $86,700 $34,800 $51,900
2019 $1,680 $86,700 $34,800 $51,900
2018 $1,616 $83,400 $31,500 $51,900
2017 $1,541 $79,500 $31,500 $48,000
2016 $1,501 $77,300 $29,300 $48,000
2015 $1,486 $77,300 $29,300 $48,000
2014 $1,439 $77,300 $29,300 $48,000
2013 $1,436 $77,300 $29,300 $48,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Cynthia Will Nelson

    Keller Williams Realty

    (207) 256-2897

    3 in this area

    10 Total Sales

    Cynthia Will Nelson
    Section Image
  • Holly Mitchell

    Seller Co-Listing Agent in 2025

    Holly Mitchell

    Keller Williams Realty

    (207) 879-9800

    3 in this area

    339 Total Sales

    Holly Mitchell
    Section Image
  • Tasha Massey

    Buyer's Agent in 2025

    Tasha Massey

    On Point Realty

    (207) 754-5058

    1 in this area

    97 Total Sales

    Tasha Massey
    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1611174

Maine Listings

APN: SACO-000037-000001-000001-000315

Maine York County Saco 04072 Downtown Saco

1 Saco Island Terrace Unit 315, Saco, ME

This home is located at 1 Saco Island Terrace Unit 315, Saco, ME 04072 and is currently priced at $312,000, approximately $295 per square foot. This property was built in 1987. 1 Saco Island Terrace Unit 315 is a home located in York County with nearby schools including C K Burns School, Saco Middle School, and Saint James School.

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