NOT LISTED FOR SALE

Estimated Value: $446,578 - $553,000

4 Beds
3 Baths
1,912 Sq Ft
$262/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $392,000 $205 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,977/month

6 Days on Market

Highlights

  • River Nearby
  • Property is near public transit
  • Main Floor Bedroom
  • Saco Middle School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of February 2022

Come see what this Saco 2-Unit has to offer! A close commute to greater Portland, this convenient, in-town location is just a short walk to dining, shopping, area schools, and all of Main Street Saco's growing attractions. If you've been looking for good sized lot and an in-town location, but can't quite find it - this is it! Enjoy plenty of yard space for play, gardening, or entertaining. The 1st floor apartment has 2 bedrooms and 2 baths and the 2nd floor apartment has 3 bedrooms and 1 bath - Each unit is generously sized. Don't miss this great opportunity to invest in Saco, and a quickly growing Southern Maine.

Last Agent to Sell the Property

Greg Robert

Coldwell Banker Realty Brokerage Phone: 207-282-5988 Listed on: 12/13/2021

Coldwell Banker Realty

Last Buyer's Agent

Allen Berube

Lakepoint Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,974

Year Built

  • Built in 1926

Lot Details

  • 0.27 Acre Lot
  • Fenced
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,912 Sq Ft Home
  • 2-Story Property
  • Screened Porch
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms

Finished Basement

  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • River Nearby
  • Shed

Location

  • Property is near public transit
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 071
  • Assessor Parcel Number SACO-000039-000071

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $10,593
  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,974

Year Built

Built in 1926

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: North Street Saco to left on Spring Street. House is on right side.
  • Above Grade Finished Sq Ft: 1912.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1926
  • Attribution Contact: 207-282-5988
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 183.0
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.27
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1912.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: 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:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 13200.0
  • Income Expenses Operating Expenses: 10593.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Parking:Paved3: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Equipment:Internet Access Available: Yes
  • Roof:Membrane: Yes
  • Transportation:Public Transport Access: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Advertising Remarks:Advertising Remarks: Come see what this Saco 2-Unit has to offer! A close commute to greater Portland, this convenient, in-town location is just a short walk to dining, shopping, area schools, and all of Main Street Saco's growing attractions. If you've been looking for good sized lot and an in-town location, but can't quite find it - this is it! Enjoy plenty of yard space for play, gardening, or entertaining. The 1st floor apartment has 2 bedrooms and 2 baths and the 2nd floor apartment has 3 bedrooms and 1 bath - Each unit is generously sized. Don't miss this great opportunity to invest in Saco, and a quickly growing Southern Maine.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Finished, Partial, Interior Entry
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Storage
  • Stories: 2

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch, Screened
  • Roof: Flat, Membrane
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11761.2
  • Parcel #: SACO-000039-000071
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 13200.0
  • Annual Operating Expense: 10593.0

Tax Info

  • Tax Annual Amount: 3974.0
  • Tax Lot: 071
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2021
Closed on
Feb 23, 2022
Sold by
Paquette Marc and Paquette Rachel L
Bought by
Parent Sheldon R
Seller's Agent
Greg Robert
Coldwell Banker Realty
Buyer's Agent
Allen Berube
Lakepoint Real Estate
List Price
$349,900
Sold Price
$392,000
Premium/Discount to List
$42,100
12.03%
Current Estimated Value
$501,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,145
Avg. Annual Appreciation
6.47%
Original Mortgage
$384,899
Outstanding Balance
$358,088
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$143,057
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Parent Sheldon R $392,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parent Sheldon R $384,899
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2022 02/23/22 Sold $392,000 +12.0% $205 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
12/13/2021 12/13/21 For Sale $349,900 -- $183 / 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 $4,596 $327,100 $96,400 $230,700
2023 $4,825 $327,100 $96,400 $230,700
2022 $4,286 $233,800 $73,500 $160,300
2021 $3,974 $210,500 $66,400 $144,100
2020 $3,733 $189,800 $57,900 $131,900
2019 $3,678 $189,800 $57,900 $131,900
2018 $3,593 $185,400 $53,500 $131,900
2017 $3,388 $174,800 $53,500 $121,300
2016 $3,812 $196,300 $49,900 $146,400
2015 $3,740 $194,600 $49,900 $144,700
2014 $3,623 $194,600 $49,900 $144,700
2013 $3,616 $194,600 $49,900 $144,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1516470

Maine Listings

APN: SACO-000039-000071