$300,000
SOLD SEP 12, 2022

550 Main St Springvale, ME 04083

3 Beds
2 Baths
1,426 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$210 Per Sq Ft

9% Above List Price

13 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Bonus Room
  • New Englander Architecture
  • Attic
  • Sun or Florida Room

About This Home

As of February 2025

Searching for a meticulously cared-for home that is move-in ready? Looking for a conveniently located investment property with an abundance of opportunities? Welcome to 550 Main Street. Previously operated as a local Bed and Breakfast, this classic 1923 New Englander delivers comfort and serenity while offering a functional floor plan that will invite guests to come in and stay awhile. Upon entry, you are welcomed by beautiful wood flooring, original woodwork, and an abundance of natural light that illuminates this expansive 1426-square-foot home. The foyer gently guides you into the spacious eat-in kitchen which seamlessly connects to the three-season porch/mudroom and a bonus room that could be used as a study, den, or fourth bedroom. The dining room creates a graceful separation between the kitchen and the bright and airy living room, making it ideal for gatherings. Completing the first level are custom built-in cabinetry, a recently updated full bathroom with a brand new soaking tub, five new windows, and plenty of storage space to comfortably accommodate your hosting needs. On the second level, retreat to the generous-sized primary bedroom with beautiful wood flooring, or to either of the two additional bedrooms which lay adjacent to the updated full bathroom. Additional features include a large 1-car detached garage with electricity, a large unfinished attic with plenty of opportunities for expansion, a beautifully landscaped exterior pathway to the new front porch, and a new fence installed for additional privacy. This location has great visibility and provides an excellent opportunity for a successful home/commercial venture. Future potential includes returning the property to its original commercial use, investing as an AirBNB host, or maintaining its current use as a single-family residence in the heart of Springvale Village. Within minutes to The Mousam Way trail system, local parks, nearby dining, and the Springvale Public Library. Make it yours today!

Last Agent to Sell the Property

Cady Toussaint

Portside Real Estate Group Listed on: 08/04/2022

Last Buyer's Agent

Gesine Weller-Jett

Better Homes & Gardens Real Estate/The Masiello Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,958

Year Built

  • Built in 1923

Lot Details

  • 5,663 Sq Ft Lot
  • Fenced
  • Sprinkler System
  • Property is zoned UB

Parking

  • 1 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Radon Mitigation System

Interior Spaces

  • 1,426 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Formal Dining Room
  • Home Office
  • Bonus Room
  • Sun or Florida Room
  • Unfinished Basement
  • Interior Basement Entry
  • Fire Sprinkler System
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Programmable Thermostat
  • Natural Gas Not Available
  • Internet Available
  • Cable TV Available

Additional Features

  • Porch
  • City Lot

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Block 0006
  • Assessor Parcel Number SANF-000006-K000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,958

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly.
  • Above Grade Finished Sq Ft: 1426.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Efficiency: Programmable Thermostat
  • Year Built: 1923
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1426.0
  • Property Information:Garage: 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
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: 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: 1.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:_one_ Car: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Bonus Room:Bonus Room: Yes
  • Office:Office: Yes
  • Sunroom:Sunroom: Yes
  • Parking:Paved3: Yes
  • Amenities:Attic: Yes
  • Equipment:Internet Access Available: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Style:New Englander: Yes
  • Cooling:AC Units: Yes
  • Equipment:Air Radon Mitigation System: Yes
  • Misc Amenities Sprinkler: Yes
  • Energy Efficiency:Programmable Thermostat: Yes
  • Dining Room Amenities:Formal: Yes
  • Sunroom Amenities:Three-Season: Yes
  • Sunroom Amenities:Unheated: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, Shower, Storage
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Third
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Fencing: Fenced
  • Lot Features: Sidewalks, Intown, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Detached, Off Street

Utilities

  • Security: Sprinkler, Fire System
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: 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: 5662.8
  • Parcel #: SANF-000006-K000018
  • Zoning: UB

Tax Info

  • Tax Annual Amount: 3958.0
  • Tax Block: 0006
  • Tax Book Number: 17436
  • Tax Lot: 0000
  • Tax Map Number: 0K18
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2025
Closed on
Feb 19, 2025
Sold by
Corey Michael L and Corey Raquel
Bought by
Hall Caesi
Seller's Agent
Gesine Weller-Jett
4 Maine Realty
Buyer's Agent
Steven Johndro
Androvise Realty
List Price
$378,000
Sold Price
$368,000
Premium/Discount to List
-$10,000
-2.65%
Views
16
Current Estimated Value
$361,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,603
Avg. Annual Appreciation
-1.68%
Original Mortgage
$361,334
Outstanding Balance
$361,034
Interest Rate
6.93%
Mortgage Type
FHA
Estimated Equity
$4,229

Purchase Details

Listed on
Aug 4, 2022
Closed on
Sep 12, 2022
Sold by
Kitko Jill M and Kitko Joanna J
Bought by
Corey Michael L and Corey Raquel
Seller's Agent
Cady Toussaint
Portside Real Estate Group
Buyer's Agent
Gesine Weller-Jett
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$274,900
Sold Price
$300,000
Premium/Discount to List
$25,100
9.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$270,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 10, 2016
Closed on
Mar 16, 2017
Sold by
Celia R Thibodeau Ret
Bought by
Kitko Jill M and Kitko Joseph E
Seller's Agent
Linda Cote
Bean Group
Buyer's Agent
Ansel Crombleholme
RE/MAX Realty Group
List Price
$185,000
Sold Price
$191,000
Premium/Discount to List
$6,000
3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.54%
Original Mortgage
$197,303
Interest Rate
4.19%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $368,000 None Available
Warranty Deed $368,000 None Available
Warranty Deed $300,000 None Available
Warranty Deed $300,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $361,334 FHA
Closed $361,334 FHA
Previous Owner $270,000 Purchase Money Mortgage
Previous Owner $189,639 Stand Alone Refi Refinance Of Original Loan
Previous Owner $199,490 Unknown
Previous Owner $197,303 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Sold $368,000 0.0% $258 / Sq Ft
01/16/2025 01/16/25 Pending -- -- --
01/14/2025 01/14/25 Price Changed $368,000 -2.6% $258 / Sq Ft
01/10/2025 01/10/25 For Sale $378,000 +26.0% $265 / Sq Ft
09/12/2022 09/12/22 Sold $300,000 +9.1% $210 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $274,900 +43.9% $193 / Sq Ft
03/10/2017 03/10/17 Sold $191,000 +3.2% $134 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
11/10/2016 11/10/16 For Sale $185,000 -- $130 / 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 $4,429 $274,400 $30,400 $244,000
2023 $4,120 $272,100 $30,400 $241,700
2022 $4,071 $275,100 $30,400 $244,700
2021 $3,958 $217,700 $30,400 $187,300
2020 $3,961 $196,500 $30,400 $166,100
2019 $3,604 $174,100 $30,400 $143,700
2018 $3,479 $169,700 $30,400 $139,300
2017 $3,358 $161,900 $30,400 $131,500
2016 $2,626 $115,500 $30,500 $85,000
2015 $2,446 $111,000 $30,500 $80,500
2014 $2,145 $111,000 $30,500 $80,500
2013 -- $99,200 $30,500 $68,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1537837

Maine Listings

APN: SANF-000006-K000018