NOT LISTED FOR SALE

Island Terrace 110 Main St Unit 124 Saco, ME 04072

Downtown Saco Neighborhood

Estimated Value: $310,000 - $389,450

3 Beds
1.5 Baths
1,258 Sq Ft
$283/Sq Ft Est. Value

Last Sold August 23, 2019

Last sale price $180,000 $143 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $2,519/month

Highlights

  • Public Beach
  • Country Club
  • The property is located in a historic district
  • Saco Middle School Rated A-
  • River Front
  • 5-minute walk to Mechanics Park

About This Home

As of August 2019

A three bedroom, first floor, townhouse rarely comes on the market at Saco's Island Terrace condominiums. This bright, meticulously maintained unit overlooks the Saco River, features tile flooring in kitchen and baths (1.5), Berber carpet in the living room, and highlights the beautiful architectural features of this restored mill building. Located within easy walking to local restaurants, coffee shops, shopping in Biddeford/Saco, and the Downeaster Train (between Boston and Brunswick, and close to the turnpike, beaches, the University of New England, and Portland, make this a year-round or seasonal residence! Monthly HOA fee includes heat & AC (brand new building system installed in 2018).

Last Agent to Sell the Property

Josephine Power

Coldwell Banker Realty Brokerage Phone: 207-282-5988 Listed on: 07/26/2019

Coldwell Banker Realty

Last Buyer's Agent

Roz Anton

Agency 1 Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,662

Year Built

  • Built in 1987

Lot Details

  • 1,307 Sq Ft Lot
  • River Front
  • Property fronts a private road
  • Public Beach

HOA Fees

  • $416 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,258 Sq Ft Home
  • Multi-Level Property
  • Water Views

Kitchen

  • Electric Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Reserved Parking

Location

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • River Nearby

Listing and Financial Details

  • No Rentals Allowed
  • Legal Lot and Block 1-124 / 1
  • Assessor Parcel Number SACO-000037-000001-000001-000124

Community Details

Overview

  • 90 Units
  • Island Terrance Owners Association Subdivision

Amenities

  • Coin Laundry

Recreation

  • Country Club

Pet Policy

  • No Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,662

Year Built

Built in 1987

Lot Details

0

HOA Fees

$416 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.03
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Water Body Name: Saco River
  • MLS Status: Closed
  • Subdivision Name: Island Terrance Owners Association
  • Above Grade Finished Sq Ft: 1258.0
  • Architectural Style: Multi-Level, Townhouse
  • Garage Yn: No
  • Year Built: 1987
  • Attribution Contact: 207-282-5988
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 143.08
  • Property Information:Seasonal: Unknown
  • Property Information:Lot Size Acres -: 0.03
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1258.0
  • Property Information:Garage: No
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 416.0
  • Location Information:Fee Frequency Paid: Monthly
  • Roads:Private: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: No
  • Condominium:Units in Building: 90
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Cooling:Central Air: Yes
  • Amenities:Walk-in Closets: Yes
  • Gas:No Gas: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Appliances Included:Cooktop: Yes
  • Location:Historic District: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:RiverBrookStream: Yes
  • Kitchen Countertop:Formica: Yes
  • Location:Near Country Club: Yes
  • Exterior:Brick: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Construction:Steel Frame: Yes
  • Location:Near Railroad: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Roof:Flat: Yes
  • Condominium:Total Units4: 90
  • Condominium:_pound_ of Buildings: 1
  • Style:Townhouse: Yes
  • Condominium:VA Certification: No
  • Construction:Masonry: Yes
  • Amenities:Laundry - Coin: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Restrictions:No Cats Allowed: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Advertising Remarks:Advertising Remarks: A three bedroom, first floor, townhouse rarely comes on the market at Saco's Island Terrace condominiums. This bright, meticulously maintained unit overlooks the Saco River, features tile flooring in kitchen and baths (1.5), Berber carpet in the living room, and highlights the beautiful architectural features of this restored mill building. Located within easy walking to local restaurants, coffee shops, shopping in Biddeford/Saco, and the Downeaster Train (between Boston and Brunswick, and close to the turnpike, beaches, the University of New England, and Portland, make this a year-round or seasonal residence! Monthly HOA fee includes heat & AC (brand new building system installed in 2018).
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Range, Dishwasher, Cooktop
  • Accessibility Features: Level Entry
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Walk-in Closets

Exterior Features

  • Lot Features: Sidewalks, Historic District, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Near Public Transit, Near Railroad
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Brick, Masonry, Steel Frame
  • Roof: Flat

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 416.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No Cats Allowed, No Dogs Allowed

Schools

  • Junior High Dist: Saco Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1306.8
  • Parcel #: SACO-000037-000001-000001-000124
  • Zoning: B-4

Multi Family

  • Number Of Units In Community: 90
  • Number Of Units Total: 90

Tax Info

  • Tax Annual Amount: 1662.0
  • Tax Block: 1
  • Tax Lot: 1-124
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2019
Closed on
Aug 23, 2019
Sold by
Susman David E
Bought by
Landrum Charles R and Landrum Alisa B
Seller's Agent
Josephine Power
Coldwell Banker Realty
Buyer's Agent
Roz Anton
Agency 1 Real Estate
List Price
$180,000
Sold Price
$180,000
Current Estimated Value
$356,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,613
Avg. Annual Appreciation
11.54%
Original Mortgage
$80,000
Outstanding Balance
$69,907
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$286,706
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Landrum Charles R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landrum Charles R $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2019 08/23/19 Sold $180,000 0.0% $143 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $180,000 -- $143 / 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 $2,799 $199,200 $82,100 $117,100
2023 $2,938 $199,200 $82,100 $117,100
2022 $2,643 $144,200 $62,600 $81,600
2021 $2,386 $126,400 $50,100 $76,300
2020 $2,162 $109,900 $41,600 $68,300
2019 $2,130 $109,900 $41,600 $68,300
2018 $1,614 $105,800 $37,500 $68,300
2017 $1,564 $100,700 $37,500 $63,200
2016 $1,905 $98,100 $34,900 $63,200
2015 $1,885 $98,100 $34,900 $63,200
2014 $1,827 $98,100 $34,900 $63,200
2013 $1,823 $98,100 $34,900 $63,200
Source: Public Records

Agents Affiliated with this Home

  • Josephine Power

    Seller's Agent in 2019

    Josephine Power

    Coldwell Banker Realty

    (207) 205-4399

    23 Total Sales

    Josephine Power
    Section Image

  • R

    Buyer's Agent in 2019

    Roz Anton

    Agency 1 Real Estate

  • R

    Buyer's Agent in 2019

    Roslind Anton

    RE/MAX

See All Agents

About Island Terrace

Map

Source: Maine Listings

MLS Number: 1426526

Maine Listings

APN: SACO-000037-000001-000001-000124

Maine York County Saco 04005 Downtown Saco

110 Main St Unit 124, Saco, ME

Not Listed for Sale

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