NOT LISTED FOR SALE

1023 Main St Sanford, ME 04073

Estimated Value: $312,795 - $378,000

5 Beds
2 Baths
1,705 Sq Ft
$203/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $271,900 $159 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,205/month

4 Days on Market

Highlights

  • New Englander Architecture
  • Corner Lot
  • Forced Air Zoned Heating System
  • Main Floor Bedroom
  • No HOA
  • Baseboard Heating

About This Home

As of May 2021

Recently renovated 2 unit with $31,200 annual operating income with a break down of $1,500 a month for the 3 bedroom unit and $1,100 a month for the 2 bedroom unit. Fantastic opportunity for an investor to acquire an invest property capable of generating market value rent. Natural Gas Lines have been brought to the property for the investor to add Natural Gas heating system to further increase operating income.

Last Agent to Sell the Property

Jason Trowbridge

Century 21 North East Listed on: 03/16/2021

Century 21 North East

Last Buyer's Agent

Jacob Crosby

Century 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,345

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Corner Lot

Home Design

  • 1,705 Sq Ft Home
  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Basement

  • Brick Basement
  • Exterior Basement Entry

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Block 0037
  • Assessor Parcel Number SANF-000037-K000033

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,141
  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,345

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Located on Main Street Sanford/Route 109
  • Above Grade Finished Sq Ft: 1705.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1705.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 31200.0
  • Income Expenses Operating Expenses: 9141.3
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Style:New Englander: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Brick/Mortar, Exterior Entry
  • Full Bathrooms: 2
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom

Exterior Features

  • Lot Features: Corner Lot, Sidewalks, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Other

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: SANF-000037-K000033
  • Zoning: UB

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 31200.0
  • Annual Operating Expense: 9141.3

Tax Info

  • Tax Annual Amount: 2345.0
  • Tax Block: 0037
  • Tax Book Number: 18148
  • Tax Lot: 0000
  • Tax Map Number: 0K33
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
May 28, 2021
Sold by
Pcs Properties Llc
Bought by
Otis Micah D
Seller's Agent
Jason Trowbridge
Century 21 North East
Buyer's Agent
Jacob Crosby
Century 21 North East
List Price
$264,900
Sold Price
$271,900
Premium/Discount to List
$7,000
2.64%
Current Estimated Value
$346,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,299
Avg. Annual Appreciation
5.85%
Original Mortgage
$263,634
Outstanding Balance
$239,571
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$106,628

Purchase Details

Closed on
Jan 14, 2020
Sold by
Sheehy Brian and Piascik Fran
Bought by
Pcs Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2019
Sold by
Trowbridge Jason D
Bought by
Piascik Brian S and Cournoyer Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2006
Sold by
Paul Joanne
Bought by
Ott Alvin and Poisson Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,100
Interest Rate
10%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Otis Micah D -- None Available
Pcs Properties Llc -- None Available
Piascik Brian S -- --
Ott Alvin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Otis Micah D $263,634
Previous Owner Pcs Properties Llc $262,000
Previous Owner Piascik Brian S $101,250
Previous Owner Trowbridge Jason D $77,000
Previous Owner Trowbridge Jason D $50,625
Previous Owner Ott Alvin $197,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $271,900 +2.6% $159 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $264,900 -- $155 / 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 $3,824 $236,900 $26,300 $210,600
2023 $3,556 $234,900 $26,300 $208,600
2022 $3,477 $234,900 $26,300 $208,600
2021 $3,027 $166,500 $26,300 $140,200
2020 $2,345 $116,300 $26,300 $90,000
2019 $2,488 $120,200 $26,300 $93,900
2018 $2,211 $120,200 $26,300 $93,900
2017 $2,493 $120,200 $26,300 $93,900
2016 $2,281 $100,300 $26,300 $74,000
2015 $2,211 $100,300 $26,300 $74,000
2014 $2,136 $97,200 $26,300 $70,900
2013 -- $98,800 $26,300 $72,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1484496

Maine Listings

APN: SANF-000037-K000033