$300,000
SOLD APR 15, 2021

16 Railroad Ave Springvale, ME 04083

-- Bed
3 Baths
2,442 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$123 Per Sq Ft

9% Below List Price

3 Days on Market

Highlights

  • Main Floor Bedroom
  • Corner Lot
  • Porch
  • Attic
  • No HOA
  • Bathtub

About This Home

As of November 2024

Great opportunity for a 3-unit owner occupied or investment property. Very well maintained property with many updates including porch re-builds, roofing, kitchen cabinetry, doors, windows, flooring and more. The building is completely up to date with Sanford Rental Housing License requirements. Excellent rental history, plenty of off street parking, and conveniently located in downtown Springvale with access to Mousam Way Trail System across the street.

Last Agent to Sell the Property

Timothy Dumont

Coldwell Banker Realty Brokerage Phone: 207-282-5988 Listed on: 02/26/2021

Coldwell Banker Realty

Last Buyer's Agent

Robin Valeri

Keller Williams Coastal and Lakes & Mountains Realty

Keller Williams Coastal and Lakes & Mountains Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,896

Year Built

  • Built in 1920

Lot Details

  • 9,148 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Level Lot

Home Design

  • Block Foundation
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Wood Siding

Interior Spaces

  • 2,442 Sq Ft Home
  • Multi-Level Property
  • Attic

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on upper level
  • Washer and Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number SANF-000006-I000018

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $10,985
  • Gross Income $30,510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,896

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Head Northwest on Main St (Rte 109) toward Springvale. At Springvale Center turn right onto Bridge St (Rte 224) for 0.1 mi. Turn right onto Pleasant St (Rte 224 cont) for 0.5 mi. Turn left onto Railroad Ave. First building on the left after Signal St
  • Above Grade Finished Sq Ft: 2442.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1920
  • Attribution Contact: 207-282-5988
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.21
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2442.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: 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
  • Amenities:Fence: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 30510.0
  • Income Expenses Operating Expenses: 10985.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:Slab2: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Equipment:Cable: Yes
  • Foundation Materials:Granite2: Yes
  • Roof:Membrane: Yes
  • Basement Entry:Exterior Only: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Restrictions:No Cats Allowed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Full, Doghouse, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Vinyl, Other, Laminate
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub
  • Full Basement: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot, Level, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Block, Granite, Slab
  • Patio And Porch Features: Porch
  • Roof: Membrane
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Upper Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, 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 Cats Allowed, No Dogs Allowed

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9147.6
  • Parcel #: SANF-000006-I000018
  • Zoning: Urban

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 30510.0
  • Annual Operating Expense: 10985.0

Tax Info

  • Tax Annual Amount: 3896.0
  • Tax Book Number: 16550
  • Tax Lot: 6
  • Tax Map Number: I-18
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Nov 15, 2024
Sold by
Clark Richard
Bought by
Thomas Sean P
Seller's Agent
Andy Yau
RE/MAX Shoreline
Buyer's Agent
Kimberly Thomas
Keller Williams Realty
List Price
$525,000
Sold Price
$525,000
Views
11
Current Estimated Value
$506,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,333
Avg. Annual Appreciation
-4.45%
Original Mortgage
$515,490
Outstanding Balance
$511,406
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
-$4,739

Purchase Details

Listed on
Feb 26, 2021
Closed on
Apr 15, 2021
Sold by
Westview Partners Llc
Bought by
Clark Richard
Seller's Agent
Timothy Dumont
Coldwell Banker Realty
Buyer's Agent
Robin Valeri
Keller Williams Coastal and Lakes & Mountains Realty
List Price
$329,000
Sold Price
$300,000
Premium/Discount to List
-$29,000
-8.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.82%
Original Mortgage
$306,900
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2007
Sold by
Haddock Eric
Bought by
Us Bank Na Tr
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 Type Sale Price Title Company
Quit Claim Deed -- Misc Company
Quit Claim Deed -- Misc Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $515,490 FHA
Closed $515,490 FHA
Previous Owner $306,900 Purchase Money Mortgage
Previous Owner $131,000 Unknown
Previous Owner $162,000 New Conventional
Previous Owner $4,000 Unknown
Previous Owner $181,600 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 Sold $525,000 0.0% $215 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
09/24/2024 09/24/24 For Sale $525,000 +75.0% $215 / Sq Ft
04/15/2021 04/15/21 Sold $300,000 -8.8% $123 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $329,000 -- $135 / 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 $4,614 $285,900 $38,300 $247,600
2023 $4,294 $283,600 $38,300 $245,300
2022 $4,197 $283,600 $38,300 $245,300
2021 $3,621 $199,200 $38,300 $160,900
2020 $3,937 $195,300 $38,300 $157,000
2019 $3,554 $171,700 $38,300 $133,400
2018 $3,103 $175,800 $38,300 $137,500
2017 $3,646 $175,800 $38,300 $137,500
2016 $3,190 $140,300 $38,300 $102,000
2015 $3,103 $140,800 $38,800 $102,000
2014 $3,044 $140,800 $38,800 $102,000
2013 -- $148,200 $38,800 $109,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1483024

Maine Listings

APN: SANF-000006-I000018