NOT LISTED FOR SALE

Estimated Value: $501,000 - $541,000

5 Beds
2 Baths
1,940 Sq Ft
$270/Sq Ft Est. Value

Last Sold September 11, 2024

Last sale price $515,000 $265 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,137/month

2 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • No HOA
  • Saco Middle School Rated A-
  • New Englander Architecture
  • 2-minute walk to Pepperell Park

About This Home

As of September 2024

This home is a real treasure! Beautifully renovated 2-Unit in downtown Saco! Centrally located to Main Street, Amtrak Station, coffee shops, groceries, restaurants and Schools. First floor unit is 2 Bedrooms and a walk in closet/office, 1 Bathroom and ready to rent or owner occupy! Second floor unit has 3 Bedrooms, 1 Bathroom and is already occupied with three amazing tenants! Both units have upgraded kitchens with new appliances, new cabinets and quartz countertops. And upgraded bathrooms with new tubs and tile showers, new vanities and toilets. Stackable washer/dryer in each unit. House has new vinyl insulated windows, new updated plumbing and new fixtures. Updated electric with new light fixtures. Quartz countertops, in both kitchens. New paint throughout, and either refinished or new flooring throughout both units Furnace new as of 2021. Rents are $2350 for 2nd Floor and $1850 for 1st floor with heat and hot water included. Both units have off street parking for 2 cars each. Newly paved driveway and new water line to street put in last year.

Last Agent to Sell the Property

Kate Scamman

EXP Realty Listed on: 08/08/2024

EXP Realty

Last Buyer's Agent

Roz Anton

Agency 1 Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,577

Year Built

  • Built in 1850

Lot Details

  • 5,663 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • 1,940 Sq Ft Home
  • New Englander Architecture
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number SACO-000031-000025

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $8,200
  • Gross Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,577

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly.
  • Above Grade Finished Sq Ft: 1940.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1850
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 257.22
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1940.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: 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
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 50400.0
  • Income Expenses Operating Expenses: 8200.0
  • Foundation Materials:Block3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Full, Interior Entry
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • 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: 5662.8
  • Parcel #: SACO-000031-000025
  • Zoning: HDR

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 50400.0
  • Annual Operating Expense: 8200.0

Tax Info

  • Tax Annual Amount: 4577.0
  • Tax Lot: 25
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Sep 11, 2024
Sold by
Harmony Homes Llc
Bought by
Friend John G and Friend Kellyann M
Seller's Agent
Kate Scamman
EXP Realty
Buyer's Agent
Roz Anton
Agency 1 Real Estate
List Price
$499,000
Sold Price
$515,000
Premium/Discount to List
$16,000
3.21%
Views
11
Current Estimated Value
$524,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,169
Avg. Annual Appreciation
1.49%
Original Mortgage
$386,250
Outstanding Balance
$381,402
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$142,767

Purchase Details

Listed on
Jul 15, 2022
Closed on
Aug 29, 2022
Sold by
Gaudette Gerard M and Gaudette Milton K
Bought by
Harmony Homes Llc
Seller's Agent
Keith Nicely
The Maine Real Estate Group
Buyer's Agent
Kate Scamman
Berkshire Hathaway HomeServices Verani Realty
List Price
$295,000
Sold Price
$250,000
Premium/Discount to List
-$45,000
-15.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.51%
Original Mortgage
$300,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Friend John G $515,000 None Available
Harmony Homes Llc -- None Available
Harmony Homes Llc -- None Available
Harmony Homes Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friend John G $386,250
Previous Owner Harmony Homes Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2024 09/11/24 Sold $515,000 +3.2% $265 / Sq Ft
08/10/2024 08/10/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $499,000 +99.6% $257 / Sq Ft
08/29/2022 08/29/22 Sold $250,000 -15.3% $126 / Sq Ft View Prior Sale
07/23/2022 07/23/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $295,000 -- $149 / 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 $4,531 $322,500 $114,600 $207,900
2023 $4,577 $310,300 $114,600 $195,700
2022 $4,201 $229,200 $87,400 $141,800
2021 $3,719 $197,000 $78,000 $119,000
2020 $3,505 $178,200 $68,600 $109,600
2019 $3,454 $178,200 $68,600 $109,600
2018 $3,333 $172,000 $62,400 $109,600
2017 $3,283 $169,400 $62,400 $107,000
2016 $3,082 $158,700 $40,600 $118,100
2015 $3,019 $157,100 $40,600 $116,500
2014 $2,925 $157,100 $40,600 $116,500
2013 $2,919 $157,100 $40,600 $116,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1599796

Maine Listings

APN: SACO-000031-000025