NOT LISTED FOR SALE

Estimated Value: $483,000 - $625,000

5 Beds
3.5 Baths
2,192 Sq Ft
$250/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $425,000 $194 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,445/month

14 Days on Market

Highlights

  • The property is located in a historic district
  • Scenic Views
  • Wood Flooring
  • Saco Middle School Rated A-
  • Property is near public transit
  • 4-minute walk to Memorial Recreation Fields

About This Home

As of July 2021

This is a Great Opportunity to Invest in a 2-Family property located in Saco's Historic District! Enjoy the proximity to Main Street's restaurants, shopping & Amtrak Train to Boston.
This is truly an excellent location! The Beach is conveniently a few miles away.

Last Agent to Sell the Property

Janet Harrison

Coldwell Banker Realty Brokerage Phone: 207-967-9900 Listed on: 05/19/2021

Coldwell Banker Realty

Last Buyer's Agent

Janet Harrison

OceanView Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,044

Year Built

  • Built in 1892

Lot Details

  • 4,792 Sq Ft Lot
  • Landscaped
  • Corner Lot

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,192 Sq Ft Home
  • Screened Porch
  • Scenic Vista Views
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Shed

Location

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

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 63
  • Assessor Parcel Number SACO-000032-000063

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,086
  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,044

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: North on Main Street. Right onto Beach Street. Right onto James Street. Driveway on the Right.
  • Above Grade Finished Sq Ft: 2192.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1892
  • Attribution Contact: 207-967-9900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2192.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 13200.0
  • Income Expenses Operating Expenses: 7086.0
  • Amenities:Laundry - 1st Floor: Yes
  • Location:Historic District: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Sidewalks, Landscaped, Historic District, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Screened
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Saco Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: SACO-000032-000063
  • Zoning: B-7

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 13200.0
  • Annual Operating Expense: 7086.0

Tax Info

  • Tax Annual Amount: 4044.0
  • Tax Book Number: 16905
  • Tax Lot: 63
  • Tax Map Number: 32
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2021
Sold by
Lyons Maine Llc
Bought by
Merrill Scott P and Merrill Sharon S
Total Days on Market
14
Current Estimated Value
$546,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Outstanding Balance
$297,892
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$254,785

Purchase Details

Listed on
May 19, 2021
Closed on
Jul 6, 2021
Sold by
Cloutier Joseph E
Bought by
Lyons Maine Llc
Seller's Agent
Janet Harrison
Coldwell Banker Realty
Buyer's Agent
Janet Harrison
OceanView Properties
List Price
$415,000
Sold Price
$425,000
Premium/Discount to List
$10,000
2.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$340,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2014
Sold by
Sandra L Mccarthy Lt
Bought by
Cloutier Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,800
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2014
Sold by
Mccarthy Sandra
Bought by
Sandra L Mccarthy Lt

Purchase Details

Closed on
Apr 6, 2011
Sold by
Trask Glenna W and Trask Ormond M
Bought by
Mccarthy Sandra

Purchase Details

Closed on
Sep 22, 2009
Sold by
Trask Glenna W and Trask Ormond M
Bought by
Saco City Of
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
Merrill Scott P -- None Available
Lyons Maine Llc -- None Available
Cloutier Joseph E -- --
Sandra L Mccarthy Lt -- --
Mccarthy Sandra $170,000 --
Saco City Of -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrill Scott P $322,500
Previous Owner Lyons Maine Llc $340,000
Previous Owner Cloutier Joseph E $90,000
Previous Owner Cloutier Joseph E $154,800
Previous Owner Saco City Of $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $425,000 +2.4% $194 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $415,000 -- $189 / 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 $4,919 $350,100 $124,600 $225,500
2023 $5,164 $350,100 $124,600 $225,500
2022 $4,617 $251,900 $95,000 $156,900
2021 $4,320 $228,800 $84,800 $144,000
2020 $4,044 $205,600 $74,600 $131,000
2019 $3,985 $205,600 $74,600 $131,000
2018 $3,855 $198,900 $67,900 $131,000
2017 $3,632 $187,400 $67,900 $119,500
2016 $3,868 $199,200 $44,200 $155,000
2015 $3,790 $197,200 $44,200 $153,000
2014 $3,672 $197,200 $44,200 $153,000
2013 $3,664 $197,200 $44,200 $153,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1490859

Maine Listings

APN: SACO-000032-000063