NOT LISTED FOR SALE

Estimated Value: $956,000

9 Beds
8 Baths
6,400 Sq Ft
$149/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $950,000 $148 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,280/month

45 Days on Market

Highlights

  • Nearby Water Access
  • Elevator
  • Home Security System
  • No HOA
  • Cooling Available
  • Solar Water Heater

About This Home

As of May 2022

Investors take note! This terrific 8 Unit apartment building is now available! Consisting of 7 one bedroom apartments and one two bedroom apartment. Ample parking, on-site coin operated laundry, elevator and generator. Reach out today to get your foot in first to this incredible investment opportunity!

Last Agent to Sell the Property

Don Wunder

RE/MAX Realty One Brokerage Phone: (207)252-1775 Listed on: 02/17/2022

Co-Listed By

Kyle Mango

RE/MAX Realty One Brokerage Phone: (207)252-1775

Last Buyer's Agent

John Caramihalis

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,940

Year Built

  • Built in 2006

Lot Details

  • 0.69 Acre Lot
  • Landscaped
  • Level Lot
  • Open Lot
  • Sprinkler System

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 8 Full Bathrooms
  • 6,400 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Home Security

  • Home Security System
  • Fire Sprinkler System

Parking

  • Driveway
  • Paved Parking

Utilities

  • Cooling Available
  • Heating System Uses Propane
  • Heat Pump System
  • Power Generator
  • Internet Available
  • Cable TV Available

Additional Features

  • Solar Water Heater
  • Nearby Water Access
  • City Lot

Listing and Financial Details

  • Legal Lot and Block D / 0061
  • Assessor Parcel Number SANF-000061D-R000015

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Coin Laundry
  • Elevator

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,940

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.69
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2559
  • Co List Office Phone: 207-646-4546
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 6400.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 2006
  • Attribution Contact: (207)252-1775
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.69
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 6400.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Security System: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 8
  • Building Info:_pound_ Stories2: 2
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Equipment:Generator: Yes
  • Amenities:Elevator Passenger: Yes
  • Misc Amenities Sprinkler: Yes
  • Water Heater:Solar2: Yes
  • Building Info:_pound_ Floors3: 28
  • Amenities:Laundry - Coin: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 8
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Elevator Passenger
  • Stories: 28

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved

Utilities

  • Laundry Features: Laundry - Coin
  • Security: Sprinkler, Security System
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Sanford Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 30056.4
  • Parcel #: SANF-000061D-R000015
  • Zoning: UB

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 11940.0
  • Tax Block: 0061
  • Tax Book Number: 16794
  • Tax Lot: D
  • Tax Map Number: OR15
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2014
Sold by
Patriots Laundry Llc
Bought by
Gallo Rentals Llc
Current Estimated Value
$956,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2007
Sold by
Tenori Properties Llc
Bought by
Patriots Laundry Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
6.78%
Mortgage Type
Commercial
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
Gallo Rentals Llc -- --
Gallo Rentals Llc -- --
Patriots Laundry Llc -- --
Patriots Laundry Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallo Rentals Llc $770,625
Closed Gallo Rentals Llc $457,500
Closed Patriots Laundry Llc $207,196
Closed Patriots Laundry Llc $1,080,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $950,000 -20.8% $148 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $1,200,000 -- $188 / 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 $0 $764,800 $137,000 $627,800
2023 $0 $745,500 $137,000 $608,500
2022 $11,033 $745,500 $137,000 $608,500
2021 $10,997 $604,900 $137,000 $467,900
2020 $11,836 $587,100 $137,000 $450,100
2019 $12,153 $587,100 $137,000 $450,100
2018 $11,658 $568,700 $137,000 $431,700
2017 $11,795 $568,700 $137,000 $431,700
2016 $11,802 $519,000 $136,900 $382,100
2015 $11,855 $537,900 $159,800 $378,100
2014 $10,890 $537,900 $159,800 $378,100
2013 -- $515,500 $65,400 $450,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1519939

Maine Listings

APN: SANF-000061D-R000015