56 Shaws Ridge Rd Unit A - B Sanford, ME 04073
Estimated Value: $376,000 - $437,000
5
Beds
2
Baths
2,408
Sq Ft
$167/Sq Ft
Est. Value
Highlights
- View of Trees or Woods
- Colonial Architecture
- Main Floor Bedroom
- 0.92 Acre Lot
- Wood Flooring
- Attic
About This Home
As of May 2021Sound Investment with Excellent Tenant History – Good Condition - Updates include: Electrical work, New Leachfield system, Large Paved Driveway, Well Pump, Gutters, Foundation work, Repointed Chimney .... to name a few.
Septic design allows for 4 Bedrms – Side and back porches provide 2nd access & a place to sit, relax and enjoy the views - Great Location on the edge of town with almost an Acre of Land -
Separate FHW heating systems & Electric meters means tenants pay most expenses leaving you with Higher Net Profit.
There are 2 bedrooms in each unit though current tenants only use 1, so laundry connections were added to the 2nd bdrm in each unit – 2nd floor unit could also have access to 2 more rooms on 3rd floor with cosmetic repairs, + property is zoned Urban Business - So there are Plenty of Options for the best use of this property - Ideal for Owner Occupied, Family/In-law, or strictly Investment. With so many options, this property is sure to please -- A Rare Find in today's market!
Last Buyer's Agent
Michael Mullett
Keller Williams Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,762
Year Built
- Built in 1900
Lot Details
- 0.92 Acre Lot
- Rural Setting
- Open Lot
- Lot Has A Rolling Slope
Home Design
- Colonial Architecture
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Metal Roof
- Vinyl Siding
Interior Spaces
- 2,408 Sq Ft Home
- Views of Woods
- Laundry on main level
- Attic
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
- Radiator
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Private Water Source
- Well
- Septic System
- Septic Design Available
- Private Sewer
- Internet Available
- Satellite Dish
- Cable TV Available
Additional Features
- Porch
- Pasture
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number SANF-000005-R000009
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $6,893
- Gross Income $18,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 25, 2021
Closed on
May 21, 2021
Sold by
Folsom Beth A and Folsom John H
Bought by
Mullett Madeline
Seller's Agent
Diane Cote
EXP Realty
Buyer's Agent
Michael Mullett
Keller Williams Realty
List Price
$274,500
Sold Price
$289,000
Premium/Discount to List
$14,500
5.28%
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
$113,460
Avg. Annual Appreciation
8.10%
Original Mortgage
$279,837
Outstanding Balance
$256,812
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$140,844
Purchase Details
Closed on
Sep 10, 2012
Sold by
Folsom Jane H and Folsom John H
Bought by
John H Folsom Ret and Folsom John H
Similar Home in Sanford, ME
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mullett Madeline | -- | None Available | |
| John H Folsom Ret | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mullett Madeline | $279,837 | |
| Previous Owner | Folsom 2Nd John H | $134,267 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2021 05/21/21 | Sold | $289,000 | +5.3% | $120 / Sq Ft |
| 04/01/2021 04/01/21 | Pending | -- | -- | -- |
| 03/25/2021 03/25/21 | For Sale | $274,500 | -- | $114 / 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 | $4,616 | $286,000 | $46,800 | $239,200 |
| 2023 | $4,295 | $283,700 | $46,800 | $236,900 |
| 2022 | $4,199 | $283,700 | $46,800 | $236,900 |
| 2021 | $3,765 | $207,100 | $46,800 | $160,300 |
| 2020 | $3,762 | $186,600 | $46,800 | $139,800 |
| 2019 | $3,670 | $177,300 | $46,800 | $130,500 |
| 2018 | $3,352 | $177,300 | $46,800 | $130,500 |
| 2017 | $3,677 | $177,300 | $46,800 | $130,500 |
| 2016 | $3,227 | $141,900 | $46,700 | $95,200 |
| 2015 | $3,352 | $152,100 | $55,100 | $97,000 |
| 2014 | $3,312 | $151,400 | $57,900 | $93,500 |
| 2013 | -- | $153,200 | $57,900 | $95,300 |
Source: Public Records
Agents Affiliated with this Home
-
Diane Cote
D
Seller's Agent in 2021
Diane Cote
EXP Realty
(207) 432-0114
10 in this area
24 Total Sales
-
M
Buyer's Agent in 2021
Michael Mullett
Keller Williams Realty
Map
Source: Maine Listings
MLS Number: 1485521
APN: SANF-000005-R000009
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