NOT LISTED FOR SALE

5 Payne St Springvale, ME 04083

5 Beds
4 Baths
3,452 Sq Ft
8,712 Sq Ft Lot

Last Sold August 30, 2018

Last sale price $241,500 $70 Per Sq Ft

30 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Satellite Dish
  • Property is near public transit
  • No HOA
  • 2-minute walk to Pence Park

About This Home

As of August 2018

Great investment opportunity for both the investor or owner occupant. Well-maintained 4 unit building with plenty of parking. Tenants will enjoy living close to area shopping, banking and restaurants. Many of the updates and capital expenditures have already been done. Long-term tenants ensure the building's cash flow with room for growth. This solid 4 unit with one 1BR, one 2BR and two 3BR with newer kitchens, baths, carpets, flooring, and vinyl windows. Each unit has its own monitor heater and units have a washer, dryer, refrigerator and stove.

Last Agent to Sell the Property

Donna Hall

Coldwell Banker Realty Brokerage Phone: 207-967-9900 Listed on: 06/01/2018

Coldwell Banker Realty

Last Buyer's Agent

Dawn Marston

Fontaine Family-The Real Estate Leader

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,220

Year Built

  • Built in 1930

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot
  • Lot Has A Rolling Slope

Home Design

  • 3,452 Sq Ft Home
  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Flooring

  • Carpet
  • Laminate
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Internet Available
  • Satellite Dish
  • Cable TV Available

Additional Features

  • 4 Full Bathrooms
  • Laundry on main level

Community Details

  • No Home Owners Association
  • 4 Units
  • Village Of Springvale Subdivision

Listing and Financial Details

  • Tax Lot 0043
  • Assessor Parcel Number SANF-000043-K000015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,220

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Village of Springvale
  • Directions: Route 109 (Main Street) Springvale, take a right at light onto Bridge Street. Straight onto Payne Street. Property right on corner of Payne and Pleasant Streets.
  • Above Grade Finished Sq Ft: 3452.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1930
  • Attribution Contact: 207-967-9900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 69.96
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3452.0
  • 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
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Equipment:Satellite Dish: Yes
  • Heat System:Direct Vent Heater: Yes
  • Exterior:Brick: Yes
  • Transportation:Public Transport Access: Yes
  • Advertising Remarks:Advertising Remarks: Great investment opportunity for both the investor or owner occupant. Well-maintained 4 unit building with plenty of parking. Tenants will enjoy living close to area shopping, banking and restaurants. Many of the updates and capital expenditures have already been done. Long-term tenants ensure the building's cash flow with room for growth. This solid 4 unit with one 1BR, one 2BR and two 3BR with newer kitchens, baths, carpets, flooring, and vinyl windows. Each unit has its own monitor heater an units have a washer, dryer, refrigerator and stove. For more info, call Donna Hall at 207-651-0487 or e-mail Donna.Hall@NEMoves.com.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Partial, Interior Entry
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Rolling Slope, Sidewalks, Intown, Near Shopping, Near Town, Near Public Transit
  • Waterfront: No
  • Construction Type: Clapboard, Brick, Wood Frame
  • Foundation Details: Stone
  • Roof: Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: SANF-000043-K000015
  • Zoning: UB

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4220.0
  • Tax Lot: 0043
  • Tax Year: 17
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2018 08/30/18 Sold $241,500 -0.4% $70 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $242,500 -- $70 / 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
2025 $6,093 $356,300 $36,300 $320,000
2024 $5,751 $356,300 $36,300 $320,000
2023 $5,352 $353,500 $36,300 $317,200
2022 $5,232 $353,500 $36,300 $317,200
2021 $4,594 $252,700 $36,300 $216,400
2020 $4,550 $225,700 $36,300 $189,400
2019 $4,417 $213,400 $36,300 $177,100
2018 $3,687 $216,100 $36,300 $179,800
2017 $4,221 $203,500 $36,300 $167,200
2016 $4,075 $179,200 $36,300 $142,900
2015 $3,687 $167,300 $36,600 $130,700
2014 $3,617 $167,300 $36,600 $130,700
2013 -- $167,300 $36,600 $130,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1353551

Maine Listings

APN: SANF 0K15-43