NOT LISTED FOR SALE

31 State St Sanford, ME 04073

Estimated Value: $288,844 - $325,000

5 Beds
2 Baths
1,564 Sq Ft
$196/Sq Ft Est. Value

Last Sold November 07, 2018

Last sale price $136,500 $87 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $1,909/month

60 Days on Market

Highlights

  • 0.5 Acre Lot
  • No HOA
  • Forced Air Heating System
  • New Englander Architecture
  • Cooling Available
  • Hot Water Heating System

About This Home

As of November 2018

Fantastic opportunity to purchase an income producing 2 unit in Sanford! Unit 1 is a 4 bedroom/1 bath with 3 season back porch overlooking large back yard and first floor laundry. Unit 2 is 1 bedroom/1 bath. 20 minutes to Rochester, 25 minutes to Kennebunk and 30 minutes to Saco. Property has been well maintained and is turn key.

Last Agent to Sell the Property

Angela Houghton

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 07/29/2018

Last Buyer's Agent

Ashley Capen

Regency Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,750

Year Built

  • Built in 1935

Lot Details

  • 0.5 Acre Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,564 Sq Ft Home
  • 2-Story Property
  • Walk-Out Basement

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 0028
  • Assessor Parcel Number SANF-000028-L000028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,750

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5
  • MLS Status: Closed
  • Directions: Main Street (Rt 109) in Sanford to the intersection of 202/11. Turn into 202 West for .20 mi to right onto State Street. Property will be on the left.
  • Above Grade Finished Sq Ft: 1564.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1935
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.5
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1564.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Style:New Englander: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Vinyl, Laminate, Carpet

Exterior Features

  • Lot Features: Level, Sidewalks, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Common

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 21780.0
  • Parcel #: SANF-000028-L000028
  • Zoning: UB

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2750.0
  • Tax Book Number: 16065
  • Tax Lot: 0028
  • Tax Map Number: L028
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2018
Closed on
Nov 8, 2018
Sold by
Filippone Properties Llc
Bought by
Medici Jonathan
Seller's Agent
Angela Houghton
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Ashley Capen
Regency Realty Group
List Price
$144,900
Sold Price
$136,500
Premium/Discount to List
-$8,400
-5.8%
Current Estimated Value
$307,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,711
Avg. Annual Appreciation
12.48%
Original Mortgage
$122,850
Outstanding Balance
$107,801
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$199,410

Purchase Details

Closed on
Mar 17, 2011
Sold by
Bear Stearns Asset Bac Se and Us Bank Na
Bought by
Filippone Props Llc

Purchase Details

Closed on
Nov 19, 2010
Sold by
Wells Fargo Bank Na
Bought by
Wells Fargo Bank Na
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
Medici Jonathan -- --
Medici Jonathan -- --
Filippone Props Llc $39,000 --
Filippone Props Llc $39,000 --
Wells Fargo Bank Na -- --
Wells Fargo Bank Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medici Jonathan $122,850
Closed Medici Jonathan $122,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2018 11/07/18 Sold $136,500 -5.8% $87 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
07/28/2018 07/28/18 For Sale $144,900 -- $93 / 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 $3,359 $208,100 $44,500 $163,600
2023 $3,126 $206,500 $44,500 $162,000
2022 $3,056 $206,500 $44,500 $162,000
2021 $2,789 $153,400 $44,500 $108,900
2020 $2,804 $139,100 $44,500 $94,600
2019 $2,745 $132,600 $44,500 $88,100
2018 $2,718 $132,600 $44,500 $88,100
2017 $2,750 $132,600 $44,500 $88,100
2016 $2,524 $111,000 $44,600 $66,400
2015 $2,559 $116,100 $48,400 $67,700
2014 $2,475 $112,600 $48,400 $64,200
2013 -- $114,500 $48,400 $66,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1363524

Maine Listings

APN: SANF-000028-L000028