NOT LISTED FOR SALE

29 Payne St Springvale, ME 04083

Estimated Value: $354,000 - $407,000

5 Beds
2 Baths
2,416 Sq Ft
$158/Sq Ft Est. Value

Last Sold March 03, 2022

Last sale price $260,000 $108 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,413/month

77 Days on Market

Highlights

  • New Englander Architecture
  • Tile Flooring
  • 1-Story Property
  • No HOA
  • Forced Air Zoned Heating System
  • 4-minute walk to Pence Park

About This Home

As of March 2022

Large renovated two family apartment building wrapped in maintenance free vinyl siding with recently installed vinyl windows and architectural roofing shingles. Off street parking with one garage for vehicle storage and plenty off extra space for storage or the potential renovation of the additional space into a 3rd rental unit. With one unit recently finished. Renovations consist of new insulation, electrical, plumbing, drywall, paint, bathroom fixtures, kitchen cabinets, appliances, flooring and heating system. Occupied unit was renovated before the current tenant began occupying.

Last Agent to Sell the Property

Jason Trowbridge

Century 21 North East Listed on: 12/24/2021

Century 21 North East

Last Buyer's Agent

Karen Charrier

Kre Brokerage Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,558

Year Built

  • Built in 1870

Lot Details

  • 6,098 Sq Ft Lot
  • Landscaped

Parking

  • 1 Car Garage
  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,416 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Basement

  • Brick Basement
  • Interior Basement Entry
  • Dirt Floor

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number SANF-000005-J000015

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • The community has rules related to deed restrictions

Building Details

  • Operating Expense $4,058
  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,558

Year Built

Built in 1870

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main Street Sanford RT 109/11 into Springvale. Left onto RT 224. After 1000 feet merge left onto Payne Street.
  • Above Grade Finished Sq Ft: 2416.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2416.0
  • Property Information:Garage: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 32400.0
  • Income Expenses Operating Expenses: 4058.0
  • Foundation Materials:Block3: Yes
  • Basement:Dirt Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Style:New Englander: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Dirt Floor, Interior Entry
  • Full Bathrooms: 2
  • Flooring: Tile, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living

Exterior Features

  • Lot Features: Sidewalks, Landscaped, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Common, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Forced Air, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: SANF-000005-J000015
  • Zoning: UB

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 32400.0
  • Annual Operating Expense: 4058.0

Tax Info

  • Tax Annual Amount: 2558.0
  • Tax Book Number: 18414
  • Tax Lot: 0000
  • Tax Map Number: 0J15
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 24, 2021
Closed on
Mar 3, 2022
Sold by
Pcs Properties Llc
Bought by
Darling Mason
Seller's Agent
Jason Trowbridge
Century 21 North East
Buyer's Agent
Karen Charrier
Kre Brokerage Group
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%
Current Estimated Value
$381,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,135
Avg. Annual Appreciation
10.45%
Original Mortgage
$255,290
Outstanding Balance
$240,087
Interest Rate
3.69%
Mortgage Type
FHA
Estimated Equity
$130,980

Purchase Details

Listed on
Feb 10, 2013
Closed on
Sep 4, 2013
Sold by
Gaudette Rt
Bought by
Park Place Llc
Seller's Agent
Renee Leach
Stanley Agency
Buyer's Agent
Gary Samia
Century 21 North East
List Price
$119,900
Sold Price
$90,000
Premium/Discount to List
-$29,900
-24.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.08%
Original Mortgage
$110,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2013
Closed on
Aug 6, 2013
Sold by
Guay Linda D
Bought by
Gaudette Rt
Seller's Agent
Renee Leach
Stanley Agency
Buyer's Agent
Gary Samia
Century 21 North East
List Price
$119,900
Sold Price
$90,000
Premium/Discount to List
-$29,900
-24.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2011
Sold by
Jolin Madeleine A Est
Bought by
Guay Linda D
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Darling Mason $260,000 None Available
Park Place Llc -- --
Gaudette Rt -- --
Guay Linda D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Darling Mason $255,290
Previous Owner Gaudette Rt $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2022 03/03/22 Sold $260,000 -13.0% $108 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
11/17/2021 11/17/21 For Sale $299,000 +130.0% $124 / Sq Ft
10/13/2020 10/13/20 Sold $130,000 -10.3% $54 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $145,000 +61.1% $60 / Sq Ft
07/17/2013 07/17/13 Sold $90,000 -24.9% $37 / Sq Ft
06/17/2013 06/17/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $119,900 -- $50 / 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 $4,710 $291,800 $31,800 $260,000
2023 $4,383 $289,500 $31,800 $257,700
2022 $4,285 $289,500 $31,800 $257,700
2021 $2,558 $140,700 $31,800 $108,900
2020 $2,564 $127,200 $31,800 $95,400
2019 $2,507 $121,100 $31,800 $89,300
2018 $2,003 $118,200 $31,800 $86,400
2017 $2,451 $118,200 $31,800 $86,400
2016 $2,044 $89,900 $31,800 $58,100
2015 $2,003 $90,900 $31,800 $59,100
2014 $1,998 $92,400 $31,800 $60,600
2013 -- $117,500 $33,100 $84,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1514914

Maine Listings

APN: SANF-000005-J000015