Seller's Agent in 2025
Julie Bayley
Bayley Realty Group
(207) 883-9211
3 in this area
56 Total Sales
5 Wakefield Ave Saco, ME 04072
Central Saco Neighborhood
--
Bed
3
Baths
2,122
Sq Ft
0.35
Acres
Highlights
- Nearby Water Access
- Public Beach
- Property is near golf course and public transit
- Saco Middle School Rated A-
- Country Club
- Wood Flooring
About This Home
As of January 2025Charming 3-Unit Building in Saco, Maine
Located in a highly sought-after neighborhood, this 3-unit building offers a perfect blend of comfort, convenience, and location. Whether you're an investor looking for a prime rental property or someone seeking to live in one unit and rent the others, this property has great potential . You'll enjoy a peaceful setting with easy access to everything you need.
Close to Beaches: Just a 10-minute drive to the stunning beaches of Southern Maine, perfect for summer relaxation or year-round coastal enjoyment.Proximity to Golf Courses: Located near several top-rated golf courses, providing a great opportunity for golf enthusiasts to enjoy their favorite pastime.Easy Access to Major Highways: With quick access to the Maine Turnpike (I-95), commuting to Portland, Boston, or other parts of New England is a breeze.Spacious Units: The building features three comfortable units, each with ample living space, natural light, and a welcoming atmosphere. This is a Great Investment Opportunity: Whether you're interested in long-term rental income or owner-occupancy with rental income from the other units, this property is a fantastic investment.
This property offers the best of both worlds: a peaceful neighborhood setting with easy access to the vibrant Maine coast, golf courses, and major routes. Don't miss out on the chance to own a piece of this growing and desirable area. No showings until after the Open House on Saturday December 14th 12:00 noon - 2:00 p.m.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,613
Year Built
- Built in 1850
Lot Details
- 0.35 Acre Lot
- Public Beach
- Interior Lot
- Level Lot
- Open Lot
Parking
- Gravel Driveway
Home Design
- 2,122 Sq Ft Home
- New Englander Architecture
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Vertical Siding
- Concrete Perimeter Foundation
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Bathtub
- Shower Only
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Sump Pump
Outdoor Features
- Nearby Water Access
- Shed
- Porch
Location
- Property is near golf course and public transit
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Oil Water Heater
- Internet Available
- Cable TV Available
Listing and Financial Details
- Exclusions: all appliances not included with sale
- Tax Lot 127
- Assessor Parcel Number SACO-000031-000127
Community Details
Overview
- No Home Owners Association
- 3 Units
- 25-Story Property
Amenities
- Community Storage Space
Recreation
- Country Club
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 12, 2024
Closed on
Jan 24, 2025
Sold by
Dill Russell J
Bought by
Reynolds Cyle
Seller's Agent
Julie Bayley
Bayley Realty Group
Buyer's Agent
Erin Oldham
Portside Real Estate Group
List Price
$489,900
Sold Price
$561,000
Premium/Discount to List
$71,100
14.51%
Views
24
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
$36,007
Avg. Annual Appreciation
6.49%
Original Mortgage
$532,950
Outstanding Balance
$528,603
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$68,404
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $561,000 | None Available | |
| Warranty Deed | $561,000 | None Available | |
| Warranty Deed | $561,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $532,950 | Purchase Money Mortgage | |
| Closed | $532,950 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/24/2025 01/24/25 | Sold | $561,000 | +14.5% | $264 / Sq Ft |
| 12/20/2024 12/20/24 | Pending | -- | -- | -- |
| 12/12/2024 12/12/24 | For Sale | $489,900 | -- | $231 / 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 | $4,613 | $328,300 | $188,900 | $139,400 |
| 2023 | $4,794 | $325,000 | $188,900 | $136,100 |
| 2022 | $4,388 | $239,400 | $143,900 | $95,500 |
| 2021 | $4,271 | $226,200 | $134,800 | $91,400 |
| 2020 | $4,097 | $208,300 | $125,000 | $83,300 |
| 2019 | $4,006 | $206,700 | $125,000 | $81,700 |
| 2018 | $3,785 | $195,300 | $113,600 | $81,700 |
| 2017 | $3,667 | $189,200 | $113,600 | $75,600 |
| 2016 | $3,723 | $191,700 | $54,300 | $137,400 |
| 2015 | $3,635 | $189,100 | $53,500 | $135,600 |
| 2014 | $3,510 | $188,500 | $52,900 | $135,600 |
| 2013 | $3,502 | $188,500 | $52,900 | $135,600 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Bayley
-
Erin Oldham
Buyer's Agent in 2025
Erin Oldham
Portside Real Estate Group
(207) 415-6754
2 in this area
127 Total Sales
Map
Source: Maine Listings
MLS Number: 1611101
APN: SACO-000031-000127
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.
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