NOT LISTED FOR SALE

7 Frost St Springvale, ME 04083

-- Bed
5 Baths
4,300 Sq Ft
6,534 Sq Ft Lot

Last Sold April 21, 2022

Last sale price $445,000 $103 Per Sq Ft

5 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System
  • Wood Flooring
  • 1-Story Property
  • Baseboard Heating

About This Home

As of April 2022

Cash Cow! This 5 unit building is an excellent investment opportunity. Four 2 bedroom units. One 3 bedroom unit. Fully occupied with fantastic rental history. Rents are currently below market value, so plenty of room to grow income. The units are clean and updated. The building is in good condition. The roof, windows and heating system are updated. This building has been well cared for for many years by current owner. Showing opportunities Thursday 3/3 from 3:00PM to 5:00PM, Friday 3/4 from 10AM to 12PM, and Saturday 3/5 from 10AM to 12PM. Contact us, or have your agent contact us, to schedule a viewing during these time blocks. Offer Deadline of Sunday 3/6/2022 at 12PM. Offer response by 3/7/2022 at 9PM.

Last Agent to Sell the Property

Brian and Gary Samia

Century 21 North East Brokerage Phone: 207-651-7188 Listed on: 03/02/2022

Century 21 North East

Last Buyer's Agent

Jeremy Bradshaw

RE/MAX Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,734

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 5 Full Bathrooms
  • 4,300 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 0030
  • Assessor Parcel Number SANF-000030-K000017

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $15,835
  • Gross Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,734

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main Street Springvale to Frost St. Property on the right. (for GPS purposes use 7 Frost St, Springvale, ME)
  • Above Grade Finished Sq Ft: 4300.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1900
  • Attribution Contact: 207-651-7188
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 4300.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: 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
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 5
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 48000.0
  • Income Expenses Operating Expenses: 15835.0
  • Style:Colonial: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Doghouse, Interior Entry, Unfinished
  • Full Bathrooms: 5
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Roof: Shingle

Garage/Parking

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

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: 6534.0
  • Parcel #: SANF-000030-K000017
  • Zoning: U

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 48000.0
  • Annual Operating Expense: 15835.0

Tax Info

  • Tax Annual Amount: 3734.0
  • Tax Book Number: 6436
  • Tax Lot: 0030
  • Tax Map Number: K17
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2022 04/21/22 Sold $445,000 +4.7% $103 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $425,000 -- $99 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1520785

Maine Listings