NOT LISTED FOR SALE

440 Mount Hope Rd Sanford, ME 04073

Studio
4 Baths
3,536 Sq Ft
130,680 Sq Ft Lot

Sale Details

Date Sold: April 28, 2022

Last sale price $362,900 $103 Per Sq Ft

101 Days on Market

Highlights

  • Additional Residence on Property
  • 3 Acre Lot
  • Wood Flooring
  • View of Trees or Woods
  • Wooded Lot
  • Farmhouse Style Home

About This Home

As of April 2022

SELLER SAYS SELL!! ATTENTION INVESTORS!! Four unit rental property on 3 acres on outskirts of Sanford just off Route 202. Plenty of parking and yard area with additional parking in rear of property. Each unit has its own FHW furnace. Three units in main building and one separate single family house in rear of property. Hardwood floors and carpet. Great rental income and easily maintained building. Four leases are TAW allowing for owner occupancy if desired.

Last Agent to Sell the Property

Danielle Lape

Kre Brokerage Group Listed on: 01/14/2022

Co-Listed By

Amanda Owens

Kre Brokerage Group

Last Buyer's Agent

Bailey Pate

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,630

Year Built

  • Built in 1888

Lot Details

  • 3 Acre Lot
  • Rural Setting
  • Corner Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Shower Only

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Private Sewer

Additional Features

  • Additional Residence on Property
  • Property is near shops

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number SANF-000001-R000007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $10,635
  • Gross Income $52,068

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,630

Year Built

Built in 1888

Lot Details

3 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 3.0
  • Road Surface Type: Paved
  • Co List Office Phone: 207-781-2958
  • MLS Status: Closed
  • Directions: Follow Route 202 out of town to Mount Hope on L. 440 Mount Hope immediately on R.
  • Above Grade Finished Sq Ft: 3536.0
  • Architectural Style: Farmhouse
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1888
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 104.04
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 3.0
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3536.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 52068.0
  • Income Expenses Operating Expenses: 10635.0
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Advertising Remarks:Advertising Remarks: SELLER SAYS SELL!! ATTENTION INVESTORS!! Four unit rental property on 3 acres on outskirts of Sanford just off Route 202. Plenty of parking and yard area with additional parking in rear of property. Each unit has its own FHW furnace. Three units in main building and one separate single family house in rear of property. Hardwood floors and carpet. Great rental income and easily maintained building. Four leases are TAW allowing for owner occupancy if desired.
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Shower
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Rolling Slope, Wooded, Near Shopping, Near Town, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Common, On Site, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 130680.0
  • Parcel #: SANF-000001-R000007
  • Zoning: RR1

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 52068.0
  • Annual Operating Expense: 10635.0

Tax Info

  • Tax Annual Amount: 4630.0
  • Tax Lot: 1
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Apr 28, 2022
Sold by
440 Mount Hope Road Rt and Gardner
Bought by
Ullah Maaz
Seller's Agent
Danielle Lape
Kre Brokerage Group
Buyer's Agent
Bailey Pate
Keller Williams Realty
List Price
$374,900
Sold Price
$362,900
Premium/Discount to List
-$12,000
-3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,326
Outstanding Balance
$332,655
Interest Rate
4.16%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 2018
Sold by
Lakin Thom
Bought by
440 Mount Hope Rd Rt and Gardner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2011
Sold by
Shaw Linda L and Shaw Stephen W
Bought by
Lakin Thom

Purchase Details

Closed on
Jul 11, 2011
Sold by
Shaw Stephen W and Sanford Inst For Savings
Bought by
Sanford Inst For Savings

Purchase Details

Closed on
May 6, 2011
Sold by
Shaw Stephen W and Sanford Inst For Savings
Bought by
Sanford Inst For Savings
Source: Public Records
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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
Ullah Maaz -- None Available
440 Mount Hope Rd Rt -- --
Lakin Thom $71,000 --
Lakin Thom $71,000 --
Sanford Inst For Savings -- --
Sanford Inst For Savings -- --
Sanford Inst For Savings -- --
Sanford Inst For Savings -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ullah Maaz $356,326
Previous Owner 440 Mount Hope Rd Rt $200,000
Previous Owner Sanford Inst For Savings $199,127
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2022 04/28/22 Sold $362,900 -3.2% $103 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $374,900 -- $106 / Sq Ft
Source: Maine Listings

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 $6,876 $402,100 $47,300 $354,800
2024 $6,490 $402,100 $47,300 $354,800
2023 $6,032 $398,400 $47,300 $351,100
2022 $5,896 $398,400 $47,300 $351,100
2021 $4,630 $254,700 $47,300 $207,400
2020 $3,357 $228,600 $47,300 $181,300
2019 $3,211 $155,100 $47,300 $107,800
2018 $3,050 $148,800 $42,600 $106,200
2017 $3,038 $146,500 $42,600 $103,900
2016 $2,774 $122,000 $42,700 $79,300
2015 $2,819 $127,900 $47,300 $80,600
2014 $2,975 $131,500 $49,000 $82,500
2013 -- $141,200 $55,100 $86,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1518027

Maine Listings

APN: SANF-000001-R000007

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