NOT LISTED FOR SALE

Estimated Value: $529,782 - $637,000

4 Beds
3 Baths
2,551 Sq Ft
$224/Sq Ft Est. Value

Last Sold January 11, 2018

Last sale price $295,000 $116 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,395/month

133 Days on Market

Highlights

  • Public Beach
  • Country Club
  • The property is located in a historic district
  • Saco Middle School Rated A-
  • Deep Water Access
  • Property is near golf course and public transit

About This Home

As of January 2018

This three unit is on a quiet street in a great location, close to shopping, schools, beaches and Portland. With three percent down you could live in one of the two bedroom units for little or no money and enjoy a nice long term investment. The property shows well and has one tenant that has been there for twenty one years ! Right now the rents are below market value and could be easily raised to meet market standards. The rental market in Saco is very strong and there is a big demand for nice rental units

Last Agent to Sell the Property

James Metzger Jr

Bean Group Listed on: 07/03/2017

Last Buyer's Agent

Jocelyn O'Rourke-Shan

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,094

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Public Beach

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 3 Full Bathrooms
  • 2,551 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Outdoor Features

  • Deep Water Access

Location

  • Property is near golf course and public transit
  • The property is located in a historic district
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 100
  • Assessor Parcel Number SACO-000039-000100

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Country Club

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,094

Year Built

Built in 1920

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2551.0
  • Architectural Style: New Englander
  • Building Stories: 2
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 115.64
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2551.0
  • Location:Near Golf Course: 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:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Location:Historic District: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Location:Near Country Club: Yes
  • Transportation:Deep Water Access: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Advertising Remarks:Advertising Remarks: This three unit is on a quiet street in a great location, close to shopping, schools, beaches and Portland. With three percent down you could live in one of the two bedroom units for little or no money and enjoy a nice long term investment. The property shows well and has one tenant that has been there for twenty one years ! Right now the rents are below market value and could be easily raised to meet market standards. The rental market in Saco is very strong and there is a big demand for nice rental units
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Partial, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Carpet

Exterior Features

  • Lot Features: Sidewalks, Historic District, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Wood Siding, Clapboard, Wood Frame
  • Foundation Details: Block, Granite, Brick/Mortar
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: SACO-000039-000100
  • Zoning: res

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4094.0
  • Tax Lot: 100
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2017
Closed on
Jan 12, 2018
Sold by
Caddigan Thomas J and Caddigan Diane P
Bought by
Corriveau Tristan D and Woodrow Taylor L
Seller's Agent
James Metzger Jr
Bean Group
Buyer's Agent
Jocelyn O'Rourke-Shan
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$319,000
Sold Price
$295,000
Premium/Discount to List
-$24,000
-7.52%
Current Estimated Value
$571,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,196
Avg. Annual Appreciation
8.43%
Original Mortgage
$280,250
Outstanding Balance
$236,256
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$334,940
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
Corriveau Tristan D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corriveau Tristan D $280,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2018 01/11/18 Sold $295,000 -7.5% $116 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
07/03/2017 07/03/17 For Sale $319,000 -- $125 / 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
2024 $5,461 $388,700 $103,600 $285,100
2023 $5,733 $388,700 $103,600 $285,100
2022 $5,105 $278,500 $78,900 $199,600
2021 $4,973 $263,400 $71,300 $192,100
2020 $4,707 $239,300 $62,000 $177,300
2019 $4,638 $239,300 $62,000 $177,300
2018 $4,094 $234,800 $57,500 $177,300
2017 $4,062 $209,600 $57,500 $152,100
2016 $4,094 $210,800 $53,500 $157,300
2015 $4,011 $208,700 $53,500 $155,200
2014 $3,886 $208,700 $53,500 $155,200
2013 $3,878 $208,700 $53,500 $155,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1315560

Maine Listings

APN: SACO-000039-000100

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