Seller's Agent in 2023
Scott Townsend
Keller Williams Realty
(207) 252-0720
505 Total Sales
62 King St Scarborough, ME 04074
Estimated Value: $1,254,000 - $1,354,000
5
Beds
3
Baths
2,832
Sq Ft
$463/Sq Ft
Est. Value
Highlights
- Ocean Front
- Nearby Water Access
- Deck
- Scarborough High School Rated A-
- Public Beach
- Wood Flooring
About This Home
As of September 2023Come see the exceptional ''C'est 'Sea' Bon'' at 62 King Street, nestled within one of Maine's prime oceanside neighborhoods. Located less than 1000 feet from a breathtaking seven-mile expanse of unspoiled white sand beach, this property promises a unique investment opportunity. With proximity to four local restaurants, beachfront activities, kayaking, and a public boat launch, a world of diverse experiences awaits your tenants. The main house boasts 6 bedrooms, including a ground-floor option, and 2 bathrooms. A separate carriage house features a 2-bedroom, 1-bathroom apartment and the property offers 6 total parking spaces. The intelligently designed layout strikes an ideal equilibrium between shared family moments and individual retreats. A private backyard patio is perfect for grilling and entertaining, and three inviting porches offer a tranquil spot for summer reading. Modern amenities merge seamlessly with energy-efficient features like mini-split heating and cooling, a tankless water heater, and comprehensive insulation. Sunlight floods through an abundance of windows, illuminating the updated kitchen adorned with contemporary appliances. Original wood floors, high ceilings, and built-in wood finishes preserve the timeless New England charm while catering to modern demands. The property's versatility shines - an owner could reside in one unit while generating income from the other, or rent out both units. An option to use the downstairs bedroom and bathroom in the main house as a suite for an Airbnb or similar rental also presents an opportunity to generate additional income. Schedule a private showing today.
Last Agent to Sell the Property
Keller Williams Realty Brokerage Email: scottandsunny@kw.com Listed on: 08/09/2023
Last Buyer's Agent
Amber Purty
Keller Williams Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,777
Year Built
- Built in 1884
Lot Details
- 4,356 Sq Ft Lot
- Ocean Front
- Public Beach
- Fenced
- Landscaped
- Corner Lot
- Level Lot
- Open Lot
Property Views
- Water
- Scenic Vista
Home Design
- 2,832 Sq Ft Home
- New Englander Architecture
- Wood Frame Construction
- Shingle Roof
- Shingle Siding
- Vinyl Siding
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- In-Law or Guest Suite
- 3 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Deck
- Patio
- Porch
Utilities
- Cooling Available
- Zoned Heating
- Heating System Uses Gas
- Heating System Uses Wood
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
- Generator Hookup
- Tankless Water Heater
- Gas Water Heater
- Water Heated On Demand
Additional Features
- Stove
- Laundry on main level
- City Lot
Listing and Financial Details
- Tax Lot 40
- Assessor Parcel Number SCAR-000022U-000000-000040
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $20,000
- Gross Income $84,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2023
Closed on
Sep 26, 2023
Sold by
Mills Colleen C and Mills John M
Bought by
Hayes Ryan M and Frye Tracey L
Seller's Agent
Scott Townsend
Keller Williams Realty
Buyer's Agent
Amber Purty
Keller Williams Realty
List Price
$950,000
Sold Price
$1,175,000
Premium/Discount to List
$225,000
23.68%
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
$137,588
Avg. Annual Appreciation
5.20%
Original Mortgage
$881,250
Outstanding Balance
$867,815
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$427,978
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 |
|---|---|---|---|
| Hayes Ryan M | $1,175,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hayes Ryan M | $881,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2023 09/26/23 | Sold | $1,175,000 | +23.7% | $415 / Sq Ft |
| 08/16/2023 08/16/23 | Pending | -- | -- | -- |
| 08/09/2023 08/09/23 | For Sale | $950,000 | -- | $335 / 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 | $10,808 | $988,800 | $434,800 | $554,000 |
| 2023 | $9,108 | $570,300 | $292,500 | $277,800 |
| 2022 | $8,777 | $570,300 | $292,500 | $277,800 |
| 2021 | $8,530 | $567,900 | $292,500 | $275,400 |
| 2020 | $8,439 | $567,900 | $292,500 | $275,400 |
| 2019 | $8,348 | $567,900 | $292,500 | $275,400 |
| 2017 | $7,028 | $426,200 | $287,800 | $138,400 |
| 2016 | $6,785 | $426,200 | $287,800 | $138,400 |
| 2015 | $6,602 | $426,200 | $287,800 | $138,400 |
| 2014 | $6,436 | $426,200 | $287,800 | $138,400 |
| 2013 | $6,295 | $426,200 | $287,800 | $138,400 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Townsend
-
A
Buyer's Agent in 2023
Amber Purty
Keller Williams Realty
-
Amber
A
Buyer's Agent in 2023
Amber
The Collective Real Estate Co
(207) 808-3050
41 Total Sales
Map
Source: Maine Listings
MLS Number: 1568217
APN: SCAR-000022U-000000-000040
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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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