$230,000
SOLD DEC 27, 2022

7 Academy Place Unit 55 Saco, ME 04072

Central Saco Neighborhood
2 Beds
1 Bath
891 Sq Ft
$345/mo HOA Fee

Recently Sold

$258 Per Sq Ft

5% Above List Price

3 Days on Market

Highlights

  • Landscaped
  • Dining Room
  • Level Lot
  • Saco Middle School Rated A-
  • Baseboard Heating
  • Carpet

About This Home

As of January 2025

Well maintained and pet friendly condo in popular condo complex, close to shopping, beaches and Route 95. Saco has a great school system which secures your investment. This condo boasts many updates to the bathroom, and kitchen. New appliances. New bathroom flooring, vanity, fixtures and bathroom cabinets.
Condo fee includes water, sewer, heat, hot water, insurance, common area maintenance, and Cable/Wi-Fi. 2nd floor unit.

Last Agent to Sell the Property

Laurie Marcello

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 11/09/2022

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Heather Crosby

Keller Williams Coastal and Lakes & Mountains Realty

Keller Williams Coastal and Lakes & Mountains Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,698

Year Built

  • Built in 1985

Lot Details

  • Landscaped
  • Open Lot

HOA Fees

  • $345 Monthly HOA Fees

Home Design

  • Garden Apartment
  • Brick Exterior Construction
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 891 Sq Ft Home
  • Dining Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Interior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

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

Community Details

  • 8 Units
  • Academy Place Association Subdivision
  • FHA/VA Approved Complex

Listing and Financial Details

  • Legal Lot and Block 055 / 004
  • Assessor Parcel Number SACO-000033-000004-000000-000055

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,698

Year Built

Built in 1985

Lot Details

0

HOA Fees

$345 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • MLS Status: Closed
  • Subdivision Name: Academy Place Association
  • Directions: Route 1 Saco to Smith Lane. Right onto Academy Place. Enter through the main entranace, front of building #7.
  • Above Grade Finished Sq Ft: 891.0
  • Architectural Style: Garden, Other Style
  • Garage Yn: No
  • Year Built: 1985
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 891.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Location Information:Association Fee: 345.0
  • Location Information:Fee Frequency Paid: Monthly
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: Yes
  • Condominium:Units in Building: 8
  • Style:Garden: Yes
  • Dining Room:Dining Room: Yes
  • Gas:No Gas: Yes
  • Basement:Crawl Space: Yes
  • Exterior:Brick: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Has Basement: Crawl Space, Interior Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Bedroom 2 Level: Second
  • Dining Room Dining Room Level: Second
  • Kitchen Kitchen Level: Second
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Intown
  • Waterfront: No
  • Construction Type: Brick, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 345.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: SACO-000033-000004-000000-000055
  • Zoning: R4

Multi Family

  • Number Of Units In Community: 8

Tax Info

  • Tax Annual Amount: 2698.0
  • Tax Block: 004
  • Tax Book Number: 17697
  • Tax Lot: 055
  • Tax Map Number: 033
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2025
Closed on
Jan 27, 2025
Sold by
Wilkinson Spencer R
Bought by
Sharpe Mallissa
Seller's Agent
Heather Crosby
Keller Williams Coastal and Lakes & Mountains Realty
Buyer's Agent
Shannon George
Coldwell Banker Realty
List Price
$284,900
Sold Price
$284,900
Views
20
Current Estimated Value
$289,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,589
Avg. Annual Appreciation
3.22%

Purchase Details

Listed on
Nov 9, 2022
Closed on
Dec 27, 2022
Sold by
Burnham Scott A
Bought by
Wilkinson Spencer R
Seller's Agent
Laurie Marcello
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Heather Crosby
Keller Williams Coastal and Lakes & Mountains Realty
List Price
$220,000
Sold Price
$230,000
Premium/Discount to List
$10,000
4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.78%
Original Mortgage
$207,000
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 21, 2018
Closed on
Apr 19, 2018
Sold by
Seaside Family Lp
Bought by
Burnham Scott A
Seller's Agent
Peggy Hill
Coldwell Banker Realty
Buyer's Agent
Laurie Marcello
Keller Williams Realty
List Price
$135,000
Sold Price
$135,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%
Original Mortgage
$132,554
Interest Rate
4.46%
Mortgage Type
FHA
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 $284,900 None Available
Warranty Deed $284,900 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $207,000 Purchase Money Mortgage
Previous Owner $132,554 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2025 01/27/25 Sold $284,900 0.0% $320 / Sq Ft
01/06/2025 01/06/25 Pending -- -- --
01/01/2025 01/01/25 For Sale $284,900 +23.9% $320 / Sq Ft
12/27/2022 12/27/22 Sold $230,000 +4.5% $258 / Sq Ft
11/13/2022 11/13/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $220,000 +63.0% $247 / Sq Ft
04/17/2018 04/17/18 Sold $135,000 0.0% $152 / Sq Ft
03/20/2018 03/20/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $135,000 -- $152 / 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 $2,866 $204,000 $77,000 $127,000
2023 $3,009 $204,000 $77,000 $127,000
2022 $2,698 $147,200 $58,700 $88,500
2021 $2,577 $136,500 $53,700 $82,800
2020 $2,465 $125,300 $51,200 $74,100
2019 $2,428 $125,300 $51,200 $74,100
2018 $2,333 $120,400 $46,300 $74,100
2017 $2,349 $121,200 $46,300 $74,900
2016 $2,214 $114,000 $39,100 $74,900
2015 $2,191 $114,000 $39,100 $74,900
2014 $2,143 $115,100 $40,200 $74,900
2013 $2,139 $115,100 $40,200 $74,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1547826

Maine Listings

APN: SACO-000033-000004-000000-000055