NOT LISTED FOR SALE

15 Elmwood Dr Saco, ME 04072

East Saco Neighborhood

Estimated Value: $545,000 - $726,000

3 Beds
2 Baths
2,270 Sq Ft
$288/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $550,000 $242 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,050/month

7 Days on Market

Highlights

  • Country Club
  • Deck
  • No HOA
  • Saco Middle School Rated A-
  • Ranch Style House
  • 3 Car Direct Access Garage

About This Home

As of January 2024

Welcome to this exceptional two-unit property located in the heart of Saco, Maine. This versatile and well-maintained investment opportunity sits on an oversized lot spanning 1.03 acres, offering not only comfortable living spaces but also the potential for future expansion or development.

Nestled in the vibrant community of Saco, residents of this property enjoy the best of both worlds - the tranquility of a spacious lot and the convenience of being just 2 miles from downtown Saco. With the picturesque Camp Ellis only 3 miles away and the popular Old Orchard Beach just 4 miles away, endless coastal adventures await.

Don't miss the opportunity to own this strategically located and well-appointed two-unit property in Saco, Maine. Whether you're considering an investment property or a multi-generational living arrangement, this residence offers the perfect blend of comfort, convenience, and potential. Contact us today to schedule a viewing and explore the possibilities that await you in this coastal community.

Last Agent to Sell the Property

Dan Letellier

Coldwell Banker Realty Brokerage Phone: 207-282-5988 Listed on: 12/03/2023

Coldwell Banker Realty

Last Buyer's Agent

Tyler Martel

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,531

Year Built

  • Built in 1952

Lot Details

  • 1.03 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot

Parking

  • 3 Car Direct Access Garage
  • Common or Shared Parking
  • Shared Driveway

Home Design

  • 2,270 Sq Ft Home
  • Ranch Style House
  • Wood Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Vinyl Siding

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • Bathtub

Basement

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

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available

Additional Features

  • Laundry on main level
  • Deck
  • Property is near a golf course
  • Agricultural

Listing and Financial Details

  • Tax Lot 048
  • Assessor Parcel Number SACO-000022-000048

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $10,600
  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,531

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.03
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Ferry Road to Elmwood Drive and 15 Elmwood will be on your left
  • Above Grade Finished Sq Ft: 2270.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1952
  • Attribution Contact: 207-282-5988
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.03
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2270.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:One-Floor Living: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 15600.0
  • Income Expenses Operating Expenses: 10600.0
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Location:Rural: Yes
  • Location:Near Country Club: Yes
  • Site:Agriculture: Yes
  • Amenities:In-Law Apartment: Yes
  • Roof:Fiberglass: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 2
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, In-Law Floorplan, One-Floor Living
  • Full Basement: Yes

Exterior Features

  • Lot Features: Agriculture, Level, Open Lot, Near Golf Course, Near Town, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Fiberglass, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Paved, Common, Inside Entrance

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Saco Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 44866.8
  • Parcel #: SACO-000022-000048
  • Zoning: Single Fam AAPT-01

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 15600.0
  • Annual Operating Expense: 10600.0

Tax Info

  • Tax Annual Amount: 6531.0
  • Tax Book Number: 7174
  • Tax Lot: 048
  • Tax Map Number: 22
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2023
Closed on
Jan 8, 2024
Sold by
Vanasse Lucille T
Bought by
Rizeakos Michael A and Fernley Rebekkah R
Seller's Agent
Dan Letellier
Coldwell Banker Realty
Buyer's Agent
Tyler Martel
Keller Williams Realty
List Price
$539,000
Sold Price
$550,000
Premium/Discount to List
$11,000
2.04%
Current Estimated Value
$654,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,421
Avg. Annual Appreciation
10.32%
Original Mortgage
$495,000
Outstanding Balance
$486,880
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$167,541
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
Rizeakos Michael A $550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rizeakos Michael A $495,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2024 01/08/24 Sold $550,000 +2.0% $242 / Sq Ft
12/10/2023 12/10/23 Pending -- -- --
12/03/2023 12/03/23 For Sale $539,000 -- $237 / 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 $6,958 $495,200 $167,800 $327,400
2023 $7,304 $495,200 $167,800 $327,400
2022 $6,531 $356,300 $128,000 $228,300
2021 $6,176 $327,100 $115,400 $211,700
2020 $5,812 $295,500 $102,600 $192,900
2019 $5,727 $295,500 $102,600 $192,900
2018 $5,558 $286,800 $93,900 $192,900
2017 $5,076 $261,900 $85,600 $176,300
2016 $5,302 $273,000 $83,000 $190,000
2015 $5,203 $270,700 $83,000 $187,700
2014 $5,040 $270,700 $83,000 $187,700
2013 $5,030 $270,700 $83,000 $187,700
Source: Public Records

Agents Affiliated with this Home

  • Dan Letellier

    Seller's Agent in 2024

    Dan Letellier

    Coldwell Banker Realty

    (207) 590-1776

    2 in this area

    67 Total Sales

    Dan Letellier
    Section Image

  • T

    Buyer's Agent in 2024

    Tyler Martel

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1578549

Maine Listings

APN: SACO-000022-000048

Maine York County Saco 04072 East Saco

15 Elmwood Dr, Saco, ME

This home is located at 15 Elmwood Dr, Saco, ME 04072 since 03 December 2023 and is currently estimated at $654,421, approximately $288 per square foot. This property was built in 1952. 15 Elmwood Dr is a home located in York County with nearby schools including C K Burns School, Saco Middle School, and Saint James School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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