NOT LISTED FOR SALE

48 Franklin St Saco, ME 04072

Central Saco Neighborhood

Estimated Value: $519,000 - $649,000

4 Beds
2 Baths
2,474 Sq Ft
$238/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $351,000 $142 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,528/month

89 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Corner Lot
  • Saco Middle School Rated A-
  • Attic
  • No HOA

About This Home

As of July 2020

A rare opportunity to own an income producing duplex in Saco convenient to Main Street and with easy access to the highway! Located in a residential neighborhood next to a park, community center, and local schools including Thornton Academy. The building has been well maintained and features all separate utilities and first floor laundry rooms in each unit. Each unit also features a private, fenced in back yard, separate driveways, and attached garages.

Last Agent to Sell the Property

Nicholas Laverriere

Portside Real Estate Group Listed on: 06/23/2020

Last Buyer's Agent

Monica Dambach

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,529

Year Built

  • Built in 1825

Lot Details

  • 0.3 Acre Lot
  • Fenced
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Duplex
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,474 Sq Ft Home
  • 2-Story Property
  • Attic

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • City Lot

Listing and Financial Details

  • Tax Lot 074
  • Assessor Parcel Number SACO-000053-000000-000074

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $8,570
  • Gross Income $35,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,529

Year Built

Built in 1825

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 2474.0
  • Architectural Style: Duplex
  • Garage Yn: Yes
  • Year Built: 1825
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.3
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2474.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Fence: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 35400.0
  • Income Expenses Operating Expenses: 8570.0
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Style:Duplex: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Heat System:Direct Vent Heater: Yes
  • Foundation Materials:Granite2: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Attic, Bathtub, Storage
  • Stories: 2

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13068.0
  • Parcel #: SACO-000053-000000-000074
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 35400.0
  • Annual Operating Expense: 8570.0

Tax Info

  • Tax Annual Amount: 4529.0
  • Tax Book Number: 17578
  • Tax Lot: 074
  • Tax Map Number: 053
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Jul 31, 2020
Sold by
Laverriere Nicholas C
Bought by
Captains Biddo Llc
Seller's Agent
Nicholas Laverriere
Portside Real Estate Group
Buyer's Agent
Monica Dambach
Portside Real Estate Group
List Price
$345,000
Sold Price
$351,000
Premium/Discount to List
$6,000
1.74%
Current Estimated Value
$555,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,966
Original Mortgage
$245,000
Outstanding Balance
$219,656
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2017
Sold by
Schmidt Dawna
Bought by
Laverriere Nicholas L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,711
Interest Rate
3.86%
Mortgage Type
FHA
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
Captains Biddo Llc -- None Available
Captains Biddo Llc -- None Available
Laverriere Nicholas L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Captains Biddo Llc $245,000
Closed Captains Biddo Llc $245,000
Previous Owner Schmidt Dawna $286,711
Previous Owner Schmidt Dawna $59,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $351,000 +1.7% $142 / Sq Ft
06/28/2020 06/28/20 Pending -- -- --
03/30/2020 03/30/20 For Sale $345,000 -- $139 / 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 $5,807 $413,300 $106,900 $306,400
2023 $6,096 $413,300 $106,900 $306,400
2022 $5,105 $278,500 $81,600 $196,900
2021 $4,930 $261,100 $75,100 $186,000
2020 $4,727 $240,300 $71,800 $168,500
2019 $4,657 $240,300 $71,800 $168,500
2018 $4,529 $233,700 $65,200 $168,500
2017 $4,486 $231,500 $65,200 $166,300
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2020

    Nicholas Laverriere

    Portside Real Estate Group

  • M

    Buyer's Agent in 2020

    Monica Dambach

    Portside Real Estate Group

See All Agents

Map

Source: Maine Listings

MLS Number: 1448417

Maine Listings

APN: 053/ / 074/ 000/000

Maine York County Saco 04072 Central Saco

48 Franklin St, Saco, ME

This home is located at 48 Franklin St, Saco, ME 04072 since 23 June 2020 and is currently estimated at $589,945, approximately $238 per square foot. This property was built in 1825. 48 Franklin St is a home located in York County with nearby schools including C K Burns School, Saco Middle School, and Saint James School.

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.

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