NOT LISTED FOR SALE

Island Terrace 110 Main St Unit 131 Saco, ME 04072

Downtown Saco Neighborhood

Estimated Value: $330,000 - $355,000

2 Beds
1.5 Baths
1,062 Sq Ft
$388/mo HOA Fee

Last Sold March 21, 2022

Last sale price $290,000 $273 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,411/month

4 Days on Market

Highlights

  • River Front
  • Property is near public transit
  • Elevator
  • Saco Middle School Rated A-
  • Vaulted Ceiling
  • 5-minute walk to Mechanics Park

About This Home

As of March 2022

Great investment opportunity - investors and longer-term planners take note! This unit is currently leased out until December 2022 with a very solid tenant.

This centrally located, updated, first floor unit with 2 bedroom, 1.5 bathroom condo is a great investment. The Saco River views and sounds of the water are AMAZING from this unit!

The freshly painted and updated space features exposed brick walls with gorgeous high ceilings with classic windows looking out to the river. The flooring has all been updated to hardwood and carpet. In addition, a new HVAC system was installed at the end of 2021.
This condo comes with a dedicated parking space & condo fees include heat!

Walk to restaurants, shopping and the Amtrak Station. UNE buses run to school from the nearby commuter lot.

Last Agent to Sell the Property

Lisa Andrade

Dream Home Realty LLC Listed on: 01/10/2022

Last Buyer's Agent

Heidi Young

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,014

Year Built

  • Built in 1987

Lot Details

  • River Front

HOA Fees

  • $388 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista

Home Design

  • Brick Exterior Construction
  • Metal Roof
  • Masonry

Interior Spaces

  • 1,062 Sq Ft Home
  • Vaulted Ceiling
  • Living Room
  • Laundry on main level

Kitchen

  • Electric Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Shower Only

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 131
  • Assessor Parcel Number 110SacoAvenueSaco04072

Community Details

Overview

  • 90 Units

Amenities

  • Coin Laundry
  • Elevator
  • Community Storage Space

Pet Policy

  • No Dogs Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,014

Year Built

Built in 1987

Lot Details

0

HOA Fees

$388 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.02
  • Water Body Name: Saco River
  • MLS Status: Closed
  • Directions: Main Street Saco through downtown over railroad tracks second right into Saco Island Terrace Condominiums
  • Above Grade Finished Sq Ft: 1062.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1987
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.02
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1062.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Floors:Carpet: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 388.0
  • Location Information:Fee Frequency Paid: Monthly
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 90
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Heat Fuel:Gas Natural: Yes
  • Cooling:Central Air: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Parking Other Parking: Yes
  • Exterior:Brick: Yes
  • Washer/Dryer Other Location: Yes
  • Location:Near Railroad: Yes
  • Room Features:Vaulted Ceiling29: Yes
  • Transportation:Public Transport Access: Yes
  • Amenities:Elevator Passenger: Yes
  • Transportation:Rail Available: Yes
  • Living Room Amenities:Vaulted Ceiling14: Yes
  • Construction:Masonry: Yes
  • Amenities:Laundry - Coin: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher
  • Has Basement: Full, Other, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Elevator Passenger, Other, Shower, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Other, Near Public Transit, Near Railroad
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Roof: Metal

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 388.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No Dogs Allowed

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 871.2
  • Parcel #: 110SacoAvenueSaco04072
  • Zoning: B-4

Multi Family

  • Number Of Units In Community: 90

Tax Info

  • Tax Annual Amount: 2014.0
  • Tax Book Number: 18064
  • Tax Lot: 131
  • Tax Map Number: 037
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Mar 18, 2022
Sold by
Mcwatters Karen and Mcwatters Kevin
Bought by
Wallace Stephen W and Wallace Christine J
Seller's Agent
Lisa Andrade
Dream Home Realty LLC
Buyer's Agent
Heidi Young
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$249,000
Sold Price
$290,000
Premium/Discount to List
$41,000
16.47%
Current Estimated Value
$344,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,441
Avg. Annual Appreciation
5.46%

Purchase Details

Closed on
Mar 12, 2019
Sold by
Edcl Llc
Bought by
Dirigo Global Hldg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2007
Sold by
Tully Michael O
Bought by
Edcl Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,400
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
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
Wallace Stephen W $290,000 None Available
Dirigo Global Hldg Llc -- --
Edcl Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dirigo Global Hldg Llc $114,000
Previous Owner Edcl Llc $312,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $290,000 +16.5% $273 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $249,000 +66.0% $234 / Sq Ft
10/04/2019 10/04/19 Sold $150,000 -6.3% $141 / Sq Ft
09/18/2019 09/18/19 Pending -- -- --
09/14/2019 09/14/19 For Sale $160,000 -- $151 / 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 $2,448 $174,200 $69,500 $104,700
2023 $2,569 $174,200 $69,500 $104,700
2022 $2,308 $125,900 $52,900 $73,000
2021 $2,086 $110,500 $42,300 $68,200
2020 $1,892 $96,200 $35,100 $61,100
2019 $1,864 $96,200 $35,100 $61,100
2018 $1,670 $92,800 $31,700 $61,100
2017 $1,709 $88,200 $31,700 $56,500
2016 $1,670 $86,000 $29,500 $56,500
2015 $1,653 $86,000 $29,500 $56,500
2014 $1,601 $86,000 $29,500 $56,500
2013 -- $86,000 $29,500 $56,500
Source: Public Records

Agents Affiliated with this Home

  • Lisa Andrade

    Seller's Agent in 2022

    Lisa Andrade

    Dream Home Realty LLC

    (207) 239-2220

    4 in this area

    163 Total Sales

    Lisa Andrade
    Section Image

  • H

    Buyer's Agent in 2022

    Heidi Young

    Better Homes & Gardens Real Estate/The Masiello Group

  • D

    Seller's Agent in 2019

    Donald Pilon

    Bean Group

See All Agents

About Island Terrace

Map

Source: Maine Listings

MLS Number: 1517693

Maine Listings

APN: SACO-000037-000001-000001-000131

Maine York County Saco 04005 Downtown Saco

110 Main St Unit 131, Saco, ME

This home is located at 110 Main St Unit 131, Saco, ME 04072 since 10 January 2022 and is currently estimated at $344,441, approximately $324 per square foot. This property was built in 1987. 110 Main St Unit 131 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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