NOT LISTED FOR SALE

17 Reed St Springvale, ME 04083

Estimated Value: $318,000 - $589,000

Studio
6 Baths
-- Sq Ft
0.36 Acres

Last Sold March 28, 2024

Last sale price $500,000

Est. 1% increase in value since last sale

Current estimated payment $3,238/month

73 Days on Market

Highlights

  • Nearby Water Access
  • No HOA
  • Baseboard Heating
  • Country Club
  • 4 Car Attached Garage
  • 4-minute walk to Pence Park

About This Home

As of March 2024

Welcome to 17 Reed Street, a newly renovated multi-family property that offers endless possibilities. This spacious property features 4 units, providing ample space for both living and investment opportunities.

With a total of 7 bedrooms and 6 bathrooms, this property is perfect for extended families or those looking to generate rental income.

There is a large two bay oversized garage and large driveway for additional parking. Say goodbye to the hassle of searching for street parking!

Located in downtown, this property offers easy access to all amenities. Families will appreciate the close proximity to schools, parks, stores, and even a hospital. Convenience is truly at your doorstep.

Units A and B are townhomes located in main building with recent renovations. Both include 2 bedrooms and 2 bath. Unit C and D are located outback over garage. Unit D has not been renovated and is currently owner occupied but will be available for rent with new owners.

Whether you're an investor seeking a lucrative opportunity or a family looking for a place to call home, 17 Reed Street is an excellent choice. Don't miss out on this chance to own a versatile property in a convenient location.

Last Agent to Sell the Property

Kelsey Knoll

Keller Williams Realty Listed on: 12/01/2023

Last Buyer's Agent

Kelly Sahabo

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,015

Year Built

  • Built in 1900

Lot Details

  • 0.36

Parking

  • 4 Car Attached Garage
  • Gravel Driveway

Home Design

  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vertical Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 6 Full Bathrooms
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Unfinished Basement

  • Brick Basement
  • Exterior Basement Entry

Location

  • Property is near golf course
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Heating System Uses Propane
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Nearby Water Access
  • 0.36 Acre Lot

Listing and Financial Details

  • Tax Block 29
  • Assessor Parcel Number SANF-000029-J000014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Country Club

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,015

Year Built

Built in 1900

Lot Details

0.36 Acres

Parking

4

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.36
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly, Sign on Property
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.36
  • Property Information:Total Baths: 6.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Property Information:Garage Spaces: 4.0
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Exterior:Wood Siding: Yes
  • Recreational Water:Nearby: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Basement:BrickMortar: Yes
  • Driveway:Gravel: Yes
  • Location:Near Country Club: Yes
  • Basement Entry:Exterior Only: Yes
  • Exterior:Vertical Siding: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Welcome to 17 Reed Street, a newly renovated multi-family property that offers endless possibilities. This spacious property features 4 units, providing ample space for both living and investment opportunities. With a total of 7 bedrooms and 6 bathrooms, this property is perfect for extended families or those looking to generate rental income. Large two bay oversized garage and large driveway for additional parking. Say goodbye to the hassle of searching for street parking! Located in downtown, this property offers easy access to all amenities. Families will appreciate the close proximity to schools, parks, stores, and even a hospital. Convenience is truly at your doorstep. Units A and B are townhomes located in main building with recent renovations. Both include 2 bedrooms and 2 bath. Unit C and D are located outback over garage. Unit D has not been renovated and is currently owner occupied but will be available for rent with new owners. Whether you're an investor seeking a lucrative opportunity or a family looking for a place to call home, 17 Reed Street is an excellent choice. Don't miss out on this chance to own a versatile property in a convenient location.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Brick/Mortar, Exterior Only, Unfinished
  • Full Bathrooms: 6
  • Flooring: Laminate, Carpet
  • Stories: 2

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Golf Course, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Wood Siding, Vertical Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: 5 - 10 Spaces, Gravel, Paved

Utilities

  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15681.6
  • Parcel #: SANF-000029-J000014
  • Zoning: UB

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 6015.0
  • Tax Block: 29
  • Tax Lot: 0000
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Mar 28, 2024
Sold by
Haeberle Charles and Viveiros Pedro M
Bought by
Kiangala Fisio and Dada Idi
Seller's Agent
Kelsey Knoll
Keller Williams Realty
Buyer's Agent
Kelly Sahabo
EXP Realty
List Price
$775,000
Sold Price
$500,000
Premium/Discount to List
-$275,000
-35.48%
Views
14
Current Estimated Value
$505,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,514
Avg. Annual Appreciation
0.58%
Original Mortgage
$490,943
Outstanding Balance
$481,584
Interest Rate
6.77%
Mortgage Type
FHA
Estimated Equity
$23,930

Purchase Details

Closed on
Aug 18, 2005
Sold by
Merrill Sara and Merrill Steve A
Bought by
Viveiros Peter M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,500
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kiangala Fisio $500,000 None Available
Kiangala Fisio $500,000 None Available
Viveiros Peter M -- --
Viveiros Peter M -- --
Viveiros Peter M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kiangala Fisio $490,943
Closed Kiangala Fisio $490,943
Previous Owner Viveiros Peter M $26,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2024 03/28/24 Sold $500,000 -13.8% --
02/12/2024 02/12/24 Pending -- -- --
01/15/2024 01/15/24 Price Changed $579,900 -8.0% --
01/02/2024 01/02/24 Price Changed $630,000 -8.0% --
12/22/2023 12/22/23 Price Changed $685,000 -11.6% --
12/01/2023 12/01/23 For Sale $775,000 -- --
Source: Maine Listings

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 $7,613 $445,200 $42,400 $402,800
2024 $7,186 $445,200 $42,400 $402,800
2023 $6,153 $406,400 $42,400 $364,000
2022 $6,015 $406,400 $42,400 $364,000
2021 $5,219 $287,100 $42,400 $244,700
2020 $5,141 $255,000 $42,400 $212,600
2019 $4,978 $240,500 $42,400 $198,100
2018 $3,815 $240,500 $42,400 $198,100
2017 $4,988 $240,500 $42,400 $198,100
2016 $4,061 $178,600 $42,400 $136,200
2015 $3,815 $183,100 $44,200 $138,900
2014 $3,745 $176,800 $44,200 $132,600
2013 -- $183,200 $44,200 $139,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1578437

Maine Listings

APN: SANF-000029-J000014

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