NOT LISTED FOR SALE

14 Lafayette St Sanford, ME 04073

Estimated Value: $400,226 - $429,000

7 Beds
3 Baths
2,736 Sq Ft
$151/Sq Ft Est. Value

Last Sold October 04, 2019

Last sale price $219,500 $80 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,574/month

3 Days on Market

Highlights

  • Corner Lot
  • Forced Air Zoned Heating System
  • Satellite Dish
  • No HOA
  • Baseboard Heating
  • Vinyl Flooring

About This Home

As of October 2019

WHEN OPPORTUNITY KNOCKS! Excellent opportunity to own an updated 3 Unit in Sanford. Location works super for many commutes towards the turnpike or NH. Also, just a stone's throw away from the hospital and close to other in-town amenities. Most of building updated except for one unit in which the tenant has lived there for 40 years! Owner occupy or investor opportunity.

Last Agent to Sell the Property

Tammy Baker

Town Square Realty Group Listed on: 08/15/2019

Co-Listed By

James Chaisson

Town Square Realty Group

Last Buyer's Agent

Diane Lamprey

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,157

Year Built

  • Built in 1938

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,736 Sq Ft Home
  • Multi-Level Property

Flooring

  • Laminate
  • Vinyl

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Water Heated On Demand
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number SANF-000029-H000027

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $11,135
  • Gross Income $33,708

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,157

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • Co List Office Phone: 207-477-3000
  • MLS Status: Closed
  • Directions: In Sanford, Winter Street at stop lights straight onto Cottage Street, right onto Lafayette Street. Property on left at corner of Lafayette and Boyd Streets. Sign on property.
  • Above Grade Finished Sq Ft: 2736.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1938
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 82.24
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2736.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 33708.0
  • Income Expenses Operating Expenses: 11135.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Satellite Dish: Yes
  • Advertising Remarks:Advertising Remarks: WHEN OPPORTUNITY KNOCKS! Excellent opportunity to own an updated 3 Unit in Sanford. Location works super for many commutes towards the turnpike or NH. Also, just a stone's throw away from the hospital and close to other in-town amenities. Most of building updated except for one unit in which the tenant has lived there for 40 years! Owner occupy or investor opportunity. For more information or to schedule a showing contact Tammy at 207-477-3002 (Direct), tammy@townsquarerg.com or Jimmie at 207-477-3006 (Direct), jimmie@townsquarerg.com
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Doghouse, Unfinished
  • Full Bathrooms: 3
  • Flooring: Vinyl, Laminate
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block
  • Roof: Shingle

Garage/Parking

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

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
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: SANF-000029-H000027
  • Zoning: UB

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33708.0
  • Annual Operating Expense: 11135.0

Tax Info

  • Tax Annual Amount: 3157.0
  • Tax Lot: 29
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2019
Closed on
Oct 4, 2019
Sold by
Mathieu Marc M
Bought by
Huber Stephen R and Huber Paula C
Seller's Agent
Tammy Baker
Town Square Realty Group
Buyer's Agent
Diane Lamprey
Bean Group
List Price
$225,000
Sold Price
$219,500
Premium/Discount to List
-$5,500
-2.44%
Current Estimated Value
$413,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,057
Avg. Annual Appreciation
10.85%
Original Mortgage
$164,625
Outstanding Balance
$143,582
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$269,975
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Huber Stephen R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huber Stephen R $164,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2019 10/04/19 Sold $219,500 -2.4% $80 / Sq Ft
08/19/2019 08/19/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $225,000 -- $82 / 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
2025 $4,863 $284,400 $27,500 $256,900
2024 $4,590 $284,400 $27,500 $256,900
2023 $4,268 $281,900 $27,500 $254,400
2022 $4,172 $281,900 $27,500 $254,400
2021 $3,534 $194,400 $27,500 $166,900
2020 $3,836 $190,300 $27,500 $162,800
2019 $3,434 $165,900 $27,500 $138,400
2018 $2,925 $154,000 $27,500 $126,500
2017 $3,194 $154,000 $27,500 $126,500
2016 $2,974 $130,800 $27,500 $103,300
2015 $2,925 $132,700 $27,500 $105,200
2014 $2,869 $132,700 $27,500 $105,200
2013 -- $132,700 $27,500 $105,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1429496

Maine Listings

APN: SANF-000029-H000027