NOT LISTED FOR SALE

216 Pine Point Rd Scarborough, ME 04074

Estimated Value: $706,632

4 Beds
2 Baths
2,200 Sq Ft
$321/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $325,000 $148 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $4,183/month

78 Days on Market

Highlights

  • Public Beach
  • 2.56 Acre Lot
  • Deck
  • Scarborough High School Rated A-
  • Colonial Architecture
  • Wood Flooring

About This Home

As of April 2016

Investment opportunity on 2.56 acres with 400+ feet road frontage. Top of hill with views back to Portland and the Scarborough marsh. Abuts Scarborough owned conservation land with access to trails and other recreational uses. Opportunity for small subdivision of four, possibly five building lots if second floor rental unit removed. All on public water and sewer. Close to Scarborough beaches and Old Orchard.

Last Agent to Sell the Property

Larry Simpson

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 11/14/2015

Last Buyer's Agent

Matthew Chamberlain

Regency Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,653

Year Built

  • Built in 1930

Lot Details

  • 2.56 Acre Lot
  • Public Beach
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Shower Only

Unfinished Basement

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

Parking

  • Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Utilities

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

Additional Features

  • Deck
  • Suburban Location

Listing and Financial Details

  • Tax Lot 003
  • Assessor Parcel Number 157361

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $26,001
  • Gross Income $22,267

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,653

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.56
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Pine Point Road from Rt. 1 in Dunstan. About 1 1/2 mi on left. Third after Ken's Place restaurant.
  • Above Grade Finished Sq Ft: 2200.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 147.73
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.56
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2200.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Gas:No Gas: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 22267.0
  • Income Expenses Operating Expenses: 26001.0
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Equipment:Cable: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Here's your chance to own an older New England home for investment, owner occupied or single family by removing second floor apartment thus with 8 rms, 3+ bd rms and two baths. Or take advantage of the acreage and create a four or five lot subdivision with public water and sewer and nice profit. Enjoy the acres of abutting conservation land offering access to a multitude of recreation uses. Or skip down to the ocean beaches. Check it out now.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Tile
  • Interior Amenities: 1st Floor Bedroom, Shower
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Rolling Slope, Near Public Beach, Near Town, Suburban
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Block, Stone, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 111513.6
  • Parcel #: 157361
  • Zoning: R-2 Res 2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 22267.0
  • Annual Operating Expense: 26001.0

Tax Info

  • Tax Annual Amount: 4653.0
  • Tax Lot: 003
  • Tax Year: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2018
Sold by
Pine Point Heights Llc
Bought by
Donalco Inc
Current Estimated Value
$706,632

Purchase Details

Closed on
May 24, 2017
Sold by
Pine Point Heights Llc
Bought by
Chamberlain Matthew G

Purchase Details

Listed on
Nov 14, 2015
Closed on
Apr 29, 2016
Sold by
Windy Knoll Apts Llc
Bought by
Pine Point Heights Llc
Seller's Agent
Larry Simpson
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Matthew Chamberlain
Regency Realty Group
List Price
$425,000
Sold Price
$325,000
Premium/Discount to List
-$100,000
-23.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%

Purchase Details

Closed on
Nov 19, 2007
Sold by
Pearson James L
Bought by
Windy Knoll Aps Llc
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
Donalco Inc -- --
Pine Point Heights Llc -- --
Chamberlain Matthew G -- --
Pine Point Heights Llc -- --
Windy Knoll Aps Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Windy Knoll Aps Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $325,000 -23.5% $148 / Sq Ft
02/01/2016 02/01/16 Pending -- -- --
11/14/2015 11/14/15 For Sale $425,000 -- $193 / 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 $5,718 $504,700 $209,000 $295,700
2024 $5,516 $504,700 $209,000 $295,700
2023 $5,773 $361,500 $136,300 $225,200
2022 $5,563 $361,500 $136,300 $225,200
2021 $5,430 $361,500 $136,300 $225,200
2020 $5,372 $361,500 $136,300 $225,200
2019 $5,314 $361,500 $136,300 $225,200
2017 $4,363 $264,600 $171,800 $92,800
2016 $4,754 $298,600 $205,800 $92,800
2015 $4,653 $300,400 $207,600 $92,800
2014 $4,536 $300,400 $207,600 $92,800
2013 -- $300,400 $207,600 $92,800
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Larry Simpson

    Better Homes & Gardens Real Estate/The Masiello Group

  • Matthew Chamberlain

    Buyer's Agent in 2016

    Matthew Chamberlain

    Regency Realty Group

    (207) 450-7653

    9 in this area

    79 Total Sales

    Matthew Chamberlain
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Map

Source: Maine Listings

MLS Number: 1244222

Maine Listings

APN: SCAR-000025U-000000-000003

Maine Cumberland County Scarborough 04074

216 Pine Point Rd, Scarborough, ME

Not Listed for Sale

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