NOT LISTED FOR SALE

72 Ocean Park Rd Saco, ME 04072

Central Saco Neighborhood

Estimated Value: $432,207 - $467,000

3 Beds
2.5 Baths
1,586 Sq Ft
$281/Sq Ft Est. Value

Sale Details

Date Sold: November 24, 2021

Last sale price $325,000 $205 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,703 / mo

25 Days on Market

Highlights

  • Public Beach
  • Deck
  • New Englander Architecture
  • Saco Middle School Rated A-
  • Wood Flooring
  • Main Floor Bedroom

About This Home

As of November 2021

Excellent opportunity to own a 2-unit property in Saco! This property consists of a 1 bedroom, 1 bathroom unit upstairs and a 2 bedroom, 1 bathroom downstairs. The 2 bedroom unit has updates throughout, including new flooring, paint, bathroom vanity, kitchen countertops and much more! The 2 bedroom has been owner-occupied and the 1 bedroom is currently rented. Good cash flow for owner/occupied or investor and situated in a great commercial area. Conveniently located near beaches, shopping and the turnpike! Don't miss this opportunity!

Last Agent to Sell the Property

Lori Lavoie

Elevate Maine Realty Listed on: 10/09/2021

Last Buyer's Agent

Jeffrey Mateja

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,301

Year Built

  • Built in 1930

Lot Details

  • 13,939 Sq Ft Lot
  • Property fronts a freeway
  • Public Beach
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,586 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom

Unfinished Basement

  • Interior Basement Entry
  • Sump Pump

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Private Sewer

Additional Features

  • Deck
  • Property is near golf course and shops

Listing and Financial Details

  • Tax Lot 02
  • Assessor Parcel Number SACO-000028-000002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $4,000
  • Gross Income $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,301

Year Built

Built in 1930

Lot Details

0.32 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Route 1 to Ocean Park Rd #72 on left.
  • Above Grade Finished Sq Ft: 1586.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 189.09
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.32
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1586.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 12600.0
  • Income Expenses Operating Expenses: 4000.0
  • Location:Near Public Beach: Yes
  • Sewer:Private Sewer: Yes
  • Roof:Pitched: Yes
  • Property Information:Deed Restrictions: Unknown
  • Heat System:Direct Vent Heater: Yes
  • Basement:Sump Pump: Yes
  • Style:New Englander: Yes
  • Advertising Remarks:Advertising Remarks: Excellent opportunity to own a 2-unit property in Saco! This property consists of a 1 bedroom, 1 bathroom unit upstairs and a 2 bedroom, 1 bathroom downstairs. The 2 bedroom unit has updates throughout, including new flooring, paint, bathroom vanity, kitchen countertops and much more! The 2 bedroom has been owner-occupied and the 1 bedroom is currently rented. Good cash flow for owner/occupied or investor and situated in a great commercial area. Conveniently located near beaches, shopping and the turnpike! Don't miss this opportunity!
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Interior, Sump Pump, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living

Exterior Features

  • Lot Features: Open, Level, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13939.2
  • Parcel #: SACO-000028-000002
  • Zoning: B2C

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12600.0
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 3301.0
  • Tax Lot: 02
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2021
Closed on
Nov 24, 2021
Sold by
Rousseau Michele
Bought by
Dart Michael R
Seller's Agent
Lori Lavoie
Elevate Maine Realty
Buyer's Agent
Jeffrey Mateja
Keller Williams Realty
List Price
$299,900
Sold Price
$325,000
Premium/Discount to List
$25,100
8.37%
Current Estimated Value
$445,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,552
Avg. Annual Appreciation
7.42%
Original Mortgage
$319,113
Outstanding Balance
$293,264
Interest Rate
3.05%
Mortgage Type
FHA
Estimated Equity
$152,288

Purchase Details

Closed on
Dec 23, 2014
Sold by
Moyes Eric W
Bought by
Rousseau Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,505
Interest Rate
3.87%
Mortgage Type
FHA
Source: Public Records
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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
Dart Michael R -- None Available
Rousseau Michele -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dart Michael R $319,113
Previous Owner Rousseau Michele $87,505
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2021 11/24/21 Sold $325,000 +8.4% $205 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $299,900 -- $189 / Sq Ft
Source: Maine Listings

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 $4,094 $291,400 $132,300 $159,100
2023 $4,298 $291,400 $132,300 $159,100
2022 $3,737 $203,900 $100,600 $103,300
2021 $3,542 $187,600 $89,900 $97,700
2020 $3,301 $167,800 $79,000 $88,800
2019 $3,252 $167,800 $79,000 $88,800
2018 $3,114 $160,700 $71,900 $88,800
2017 $3,093 $159,600 $71,900 $87,700
2016 $2,987 $153,800 $63,600 $90,200
2015 $2,931 $152,500 $63,600 $88,900
2014 $2,840 $152,500 $63,600 $88,900
2013 $2,833 $152,500 $63,600 $88,900
Source: Public Records

Agents Affiliated with this Home

  • Lori Lavoie

    Seller's Agent in 2021

    Lori Lavoie

    Elevate Maine Realty

    (207) 713-4011

    2 in this area

    46 Total Sales

    Lori Lavoie
    Section Image
  • Jeffrey Mateja

    Buyer's Agent in 2021

    Jeffrey Mateja

    Keller Williams Realty

    (207) 879-9800

    16 in this area

    818 Total Sales

    Jeffrey Mateja
    Section Image
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Map

Source: Maine Listings

MLS Number: 1509982

Maine Listings

APN: SACO-000028-000002

Maine York County Saco 04072 Central Saco

72 Ocean Park Rd, Saco, ME

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