NOT LISTED FOR SALE

150 Scarborough Downs Rd Unit 116 Scarborough, ME 04074

Estimated Value: $420,000 - $530,000

2 Beds
1.5 Baths
1,024 Sq Ft
$300/mo HOA Fee

Last Sold December 15, 2021

Last sale price $325,750 $318 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,063/month

54 Days on Market

Highlights

  • New Construction
  • Contemporary Architecture
  • Granite Countertops
  • Scarborough High School Rated A-
  • Main Floor Bedroom
  • 1 Car Detached Garage

About This Home

As of December 2021

Ultra-stylish one-and-two bedroom condos at The Gables combine the social and active lifestyle of city living in a modern contemporary design right here in Maine. Residences feature balconies with views that maximize the sense of space and bring The Downs architecture, parks and vibrant sunrises and sunsets into everyday perspective.

Relax, entertain and be creative surrounded by clean lines, sleek details and a soft color palette. Features include but are certainly not limited to spacious bedrooms, sun drenched living/kitchen area with large island, stainless steel appliances, granite countertops, pantry, in-unit laundry, one and a half baths and detached garage.

The Downs is a new and exciting mixed-use development in Scarborough Maine. Located in the heart of the community. The Downs will be home to a modern town center with supporting residential and commercial elements. The 500 acre mixed-use development will create numerous recreational opportunities and will include walking paths throughout 200 acres of preserved green space. Tree-lined streets will connect the planned community, which will seamlessly balance recreation, retail, residential, and commercial development. Together, all elements will create the premier place to live, work, and play. The Downs development is bringing newfound vitality to the center of town and launching Scarborough forward into its next chapter. Be one of the lucky owners in the most exciting development in Maine-maybe ever!

Last Agent to Sell the Property

Amy Foley

Signature Homes Real Estate Group, LLC Listed on: 02/09/2021

Last Buyer's Agent

Susan OBrien

Engel & Volkers Casco Bay

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,005

Year Built

  • Built in 2021 | New Construction

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Shared Driveway

Home Design

  • 1,024 Sq Ft Home
  • Home to be built
  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Kitchen

  • Electric Range
  • Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Bathtub

Location

  • Suburban Location
  • City Lot

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Washer and Dryer Hookup
  • Patio

Community Details

  • 12 Units
  • The Gables Subdivision

Listing and Financial Details

  • Tax Lot 004
  • Assessor Parcel Number 150ScarboroughDownsRd116Scarborough04074

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,005

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$300 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: The Gables
  • Directions: Route 1 or Payne Road to Scarborough Downs Road.
  • Above Grade Finished Sq Ft: 1024.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • New Construction: Yes
  • Year Built: 2021
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1024.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 300.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 12
  • Cooling:Heat Pump3: Yes
  • Kitchen Countertop:Granite: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Property Condition:New Construction: Yes
  • Property Condition:To Be Built: Yes
  • Location:Suburban: Yes
  • Amenities:Bathtub: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: NewHome

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living

Exterior Features

  • Lot Features: Level, Intown, Near Turnpike/Interstate, Near Town, Suburban
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Patio
  • Property Condition: New Construction, To Be Built
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Common, Garage Door Opener, Detached

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Parcel #: 150ScarboroughDownsRd116Scarborough04074
  • Zoning: 22

Multi Family

  • Number Of Units In Community: 12

Tax Info

  • Tax Annual Amount: 1.0
  • Tax Lot: 004
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2021
Closed on
Dec 15, 2021
Sold by
Gables Llc
Bought by
Merrill Diane E
Seller's Agent
Amy Foley
Signature Homes Real Estate Group, LLC
Buyer's Agent
Susan OBrien
Engel & Volkers Casco Bay
List Price
$325,000
Sold Price
$325,750
Premium/Discount to List
$750
0.23%
Current Estimated Value
$460,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,087
Avg. Annual Appreciation
9.23%
Original Mortgage
$100,000
Outstanding Balance
$92,371
Interest Rate
3.11%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$368,466
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 Diane E -- None Available
Merrill Diane E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrill Diane E $100,000
Closed Merrill Diane E $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $325,750 +0.2% $318 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $325,000 -- $317 / 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 $4,005 $366,400 $105,000 $261,400
2023 $3,732 $233,700 $75,000 $158,700
2022 $3,597 $233,700 $75,000 $158,700
2021 $1,146 $76,300 $75,000 $1,300
Source: Public Records

Agents Affiliated with this Home

  • Amy Foley

    Seller's Agent in 2021

    Amy Foley

    Signature Homes Real Estate Group, LLC

    (207) 730-3071

    276 in this area

    620 Total Sales

    Amy Foley
    Section Image

  • S

    Buyer's Agent in 2021

    Susan OBrien

    Engel & Volkers Casco Bay

  • S

    Buyer's Agent in 2021

    Susan Marchionne O'brien

    Engel & Volkers Casco Bay

    (617) 680-2255

    1 in this area

    10 Total Sales

    Susan Marchionne O'brien
    Section Image
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Map

Source: Maine Listings

MLS Number: 1481698

Maine Listings

APN: SCAR M:U055 L:216

Maine Cumberland County Scarborough 04074

150 Scarborough Downs Rd Unit 116, Scarborough, ME

Not Listed for Sale

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