J
Seller's Agent in 2023
Julie Herbert
EXP Realty
(207) 409-0606
1 in this area
14 Total Sales
42 Thornton Ave Unit 3 Saco, ME 04072
Downtown Saco NeighborhoodEstimated Value: $618,716 - $916,000
7
Beds
4
Baths
4,804
Sq Ft
$152/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Property is near public transit
- Attic
- Saco Middle School Rated A-
- Wood Flooring
- 1 Fireplace
About This Home
As of March 2023Multiunit for sale in prime downtown Saco location. Close to Main Street, Reny's, and Shaw's.
Two 2 BR/1BA apartments built in 2019 with multiple year leases in place. Both expire in 2026 so you have guaranteed income (with increases built in) for 4 years! Tenants pay all utilities except water and sewer.
A 2800sf house in the process of being converted to two 2+ bedroom apartments with plans included. All cabinets, countertops, flooring, and appliances for planned upstairs kitchen included! A new downstairs bathroom and laundry room will be completed prior to closing. The house is currently vacant but was being rented by the room with shared living space. The living room was being used as a downstairs bedroom and the dining room was turned into the living area. There is a large eat-in kitchen.
A sprinkler system is required by code. Seller will provide contact information for installer and $20,000.00 allowance.
Home can easily be returned to single family living with minor work.
There is a security system in place (through Vivint) that monitors exterior of the property and interior common areas of main house, easily removed if not wanted.
Fully insulated attic with high ceilings – great for bonus room however cannot be used for sleeping per code.
Four Natural Gas boilers installed in 2021. Two belong to the existing apartments, the other two supply the house and provide room to divide the home into two apartments that pay their own heat. Those two boilers will also heat the water while the apartments use hybrid electric hot water heaters installed in 2019.
Driveway paved in 2020 with parking for 9 vehicles.
Last Buyer's Agent
Timothy Nolan
DeWolfe - Windham
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,977
Year Built
- Built in 1878
Lot Details
- 10,019 Sq Ft Lot
- Fenced
Home Design
- Colonial Architecture
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 4 Full Bathrooms
- 4,804 Sq Ft Home
- 1 Fireplace
- Home Security System
- Washer and Dryer Hookup
- Attic
Flooring
- Wood
- Laminate
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Sump Pump
- Crawl Space
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Outbuilding
- Porch
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Gas Water Heater
- Internet Available
Listing and Financial Details
- Tax Lot 90
- Assessor Parcel Number SACO-000038-000090
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $19,746
- Gross Income $66,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 23, 2022
Closed on
Mar 3, 2023
Sold by
Chickadee Prop Invs Llc
Bought by
42 Thornton Ave Llc
Seller's Agent
Julie Herbert
EXP Realty
Buyer's Agent
Timothy Nolan
DeWolfe - Windham
List Price
$745,000
Sold Price
$730,000
Premium/Discount to List
-$15,000
-2.01%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,429
Original Mortgage
$584,000
Outstanding Balance
$568,332
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 5, 2021
Sold by
42 Thornton Avenue Llc
Bought by
Thornton T
Purchase Details
Closed on
Aug 14, 2019
Sold by
Housing Initiatives
Bought by
42 Thornton Avenue Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,754
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 22, 2012
Sold by
Lowe Elaine D and Lowe David C
Bought by
Housing Initiatives Of Ne
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 42 Thornton Ave Llc | $730,000 | Stewart Title | |
| Thornton T | -- | None Available | |
| 42 Thornton Avenue Llc | -- | -- | |
| Housing Initiatives Of Ne | $295,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 42 Thornton Ave Llc | $584,000 | |
| Previous Owner | Thornton T | $413,600 | |
| Previous Owner | 42 Thornton Ave Llc | $30,000 | |
| Previous Owner | 42 Thornton Avenue Llc | $303,754 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2023 03/03/23 | Sold | $730,000 | -2.0% | $152 / Sq Ft |
| 11/28/2022 11/28/22 | Pending | -- | -- | -- |
| 11/23/2022 11/23/22 | For Sale | $745,000 | -- | $155 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $6,743 | $479,900 | $114,000 | $365,900 |
| 2023 | $7,079 | $479,900 | $114,000 | $365,900 |
| 2022 | $5,977 | $326,100 | $87,000 | $239,100 |
| 2021 | $5,721 | $303,000 | $80,600 | $222,400 |
| 2020 | $5,443 | $276,700 | $70,800 | $205,900 |
| 2019 | $5,362 | $276,700 | $70,800 | $205,900 |
| 2018 | $5,307 | $270,300 | $64,400 | $205,900 |
| 2017 | $5,291 | $273,000 | $64,400 | $208,600 |
| 2016 | $5,307 | $273,300 | $50,900 | $222,400 |
| 2015 | $5,201 | $270,600 | $50,900 | $219,700 |
| 2014 | $5,039 | $270,600 | $50,900 | $219,700 |
| 2013 | $5,028 | $270,600 | $50,900 | $219,700 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Herbert
-
T
Buyer's Agent in 2023
Timothy Nolan
DeWolfe - Windham
Map
Source: Maine Listings
MLS Number: 1548603
APN: SACO-000038-000090
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
Nearby Homes
- 97 Pleasant St
- 14 Green St
- 00 Sawyer St
- 25-27 Common St
- 2 Wharf St
- 60 Beach St
- 11 Stuart St
- 26 Upper Falls Rd Unit 102
- 26 Upper Falls Rd Unit 108
- 20 Upper Falls Rd Unit 403
- 20 Upper Falls Rd Unit 301
- 20 Upper Falls Rd Unit 501
- 20 Upper Falls Rd Unit 503
- 18 Park St Unit 307
- 1 Saco Island Terrace Unit 308
- 1 Saco Island Terrace Unit 105
- 7 Isle Ave Ave Unit 101
- 674 South St
- 86 Summer St
- 214 North St Unit 12
- 42 Thornton Ave
- 53 Pleasant St
- 57 Pleasant St
- 36 Thornton Ave
- 47 Pleasant St
- 59 Pleasant St
- 51 Elm St
- 48 Thornton Ave
- 43 Pleasant St
- 41 Pleasant St
- 31 Pleasant St
- 35 Thornton Ave
- 30 Thornton Ave
- 30 Thornton Ave Unit R
- 29 Thornton Ave
- 41 Elm St
- 54 Pleasant St Unit 56
- 28 Thornton Ave
- 38 Cutts Ave
- 46 Pleasant St Unit 48