NOT LISTED FOR SALE

Estimated Value: $524,136 - $636,000

4 Beds
2.5 Baths
2,670 Sq Ft
$219/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $508,000 $190 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,634/month

4 Days on Market

Highlights

  • Nearby Water Access
  • Public Beach
  • Wood Flooring
  • Saco Middle School Rated A-
  • Colonial Architecture
  • No HOA

About This Home

As of September 2022

Welcome to sunny Saco Maine! This well maintained two unit property screams owner occupied. Imagine earning income while living in the functional 3 bedroom 1.5 bathroom unit. This property truly delivers with a spacious and private backyard, one car garage and 3 season porch. Location is unbeatable as you're just mere minutes from the hustle and bustle of downtown Saco, downtown Biddeford, local schools and I95. This urban vibe is nicely accompanied by the beauty of Ferry Beach, Camp Ellis, Kinney Shores and Ocean park just a short distance away. A seller favorite is the dead end street directly connecting to the Saco Riverwalk. This gem is not to be missed. Come see the sheer versatility for yourself!!

Last Agent to Sell the Property

Eric Meadows

Portside Real Estate Group Listed on: 08/05/2022

Last Buyer's Agent

Cameron Avery

Real Broker

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,322

Year Built

  • Built in 1947

Lot Details

  • 8,276 Sq Ft Lot
  • Public Beach

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Gambrel Roof
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2,670 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Tile

Unfinished Basement

  • Walk-Out Basement
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number SACO-000026-000031

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,022
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,322

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2670.0
  • Architectural Style: Colonial, Gambrel
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1947
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.19
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2670.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 26400.0
  • Income Expenses Operating Expenses: 9022.0
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Style:Colonial: Yes
  • Recreational Water:Nearby: Yes
  • Style:Gambrel: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Wood, Tile, Laminate
  • Stories: 2

Exterior Features

  • Lot Features: Near Public Beach, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, 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: 8276.4
  • Parcel #: SACO-000026-000031
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 26400.0
  • Annual Operating Expense: 9022.0

Tax Info

  • Tax Annual Amount: 4322.0
  • Tax Book Number: 18030
  • Tax Lot: 31
  • Tax Map Number: 26
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2024
Sold by
Sillars Doug
Bought by
Sillars Katherine L
Current Estimated Value
$585,784

Purchase Details

Listed on
Aug 5, 2022
Closed on
Sep 16, 2022
Sold by
Boucher Justin C and Boucher Shelli
Bought by
Sillars Douglas R and Sillars Katherine
Seller's Agent
Eric Meadows
Portside Real Estate Group
Buyer's Agent
Cameron Avery
Real Broker
List Price
$479,000
Sold Price
$508,000
Premium/Discount to List
$29,000
6.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.68%
Original Mortgage
$381,000
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2019
Sold by
Boucher Justin
Bought by
Boucher Justin C and Boucher Shelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,000
Interest Rate
3.7%
Mortgage Type
VA

Purchase Details

Listed on
Feb 26, 2013
Closed on
Aug 5, 2013
Sold by
Yates Carmen and Sheehan Maria F
Bought by
Boucher Justin
Seller's Agent
Matthew Chamberlain
Regency Realty Group
Buyer's Agent
Michele Meadows
Bay Realty
List Price
$250,000
Sold Price
$237,500
Premium/Discount to List
-$12,500
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%
Original Mortgage
$237,500
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2007
Sold by
Crowell Nikki and Crowell Richard
Bought by
Sheehan Marie F and Yates Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.41%
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
Sillars Katherine L -- None Available
Sillars Douglas R $508,000 None Available
Boucher Justin C -- --
Boucher Justin -- --
Sheehan Marie F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sillars Douglas R $381,000
Previous Owner Boucher Justin C $317,000
Previous Owner Boucher Justin $237,500
Previous Owner Sheehan Marie F $110,000
Previous Owner Crowell Nikki $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $508,000 +6.1% $190 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $479,000 +101.7% $179 / Sq Ft
08/01/2013 08/01/13 Sold $237,500 -5.0% $89 / Sq Ft
06/10/2013 06/10/13 Pending -- -- --
02/27/2013 02/27/13 For Sale $250,000 -- $94 / 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 $5,305 $377,600 $128,600 $249,000
2023 $5,570 $377,600 $128,600 $249,000
2022 $4,518 $246,500 $98,000 $148,500
2021 $4,322 $228,900 $87,500 $141,400
2020 $4,017 $204,200 $77,000 $127,200
2019 $3,957 $204,200 $77,000 $127,200
2018 $3,822 $197,200 $70,000 $127,200
2017 $3,874 $199,900 $70,000 $129,900
2016 $4,568 $235,200 $65,100 $170,100
2015 $4,482 $233,200 $65,100 $168,100
2014 $4,342 $233,200 $65,100 $168,100
2013 $4,333 $233,200 $65,100 $168,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1539061

Maine Listings

APN: SACO-000026-000031