NOT LISTED FOR SALE
Studio
4 Baths
3,208 Sq Ft
5,227 Sq Ft Lot

Last Sold June 26, 2024

Last sale price $750,000 $234 Per Sq Ft

19 Days on Market

Highlights

  • Nearby Water Access
  • River Front
  • No HOA
  • Saco Middle School Rated A-
  • Property is near public transit
  • 2-minute walk to Jubilee Park

About This Home

As of June 2024

Owner occupied or investor opportunity! Steps from Saco Main Street and less than a mile from downtown Biddeford, this 4-unit multi family has an amazing location with river views and plenty of parking. Do not miss this chance to invest in one of Maine's most dynamic sister cities. New electric heat and cooling pumps installed in 2022 in each unit. Coin-op laundry on-site, spacious enclosed foyer, and dedicated electricity meters. 2 one-bedroom units located on the first floor and 2 two-bedroom units on the second floor, with the primary bedroom located in the lofted third floor.

Last Agent to Sell the Property

Mandy Reynolds

Keller Williams Realty Listed on: 05/03/2024

Keller Williams Realty

Last Buyer's Agent

Sydney Harrison

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,244

Year Built

  • Built in 1816

Lot Details

  • 5,227 Sq Ft Lot
  • River Front

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,208 Sq Ft Home
  • 3-Story Property
  • Vinyl Flooring
  • Water Views
  • Laundry on main level

Unfinished Basement

  • Doghouse Basement Entry
  • Exterior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby

Location

  • Property is near public transit
  • City Lot

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number SACO-000038-000011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $18,074
  • Gross Income $82,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,244

Year Built

Built in 1816

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • Water Body Name: Saco River
  • MLS Status: Closed
  • Directions: From the North: Exit 36 for I-195 E toward Saco. Take Exit 2A from I-195, merge on to US-1 S/Main Street. Continue on Main Street 1.2 miles. Turn Right onto Water Street, destination on Right.
  • Above Grade Finished Sq Ft: 3208.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1816
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 257.17
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3208.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 82200.0
  • Income Expenses Operating Expenses: 18073.9
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Utility Info Electric On Site: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Owner occupied or investor opportunity! Steps from Saco Main Street and less than a mile from downtown Biddeford, this 4-unit multi family has an amazing location with river views and plenty of parking. Do not miss this chance to invest in one of Maine's most dynamic sister cities. New electric heat and cooling pumps installed in 2022 in each unit. Coin-op laundry on-site, spacious enclosed foyer, and dedicated electricity meters. 2 one-bedroom units located on the first floor and 2 two-bedroom units on the second floor, with the primary bedroom located in the lofted third floor.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Crawl Space, Doghouse, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Flooring: Vinyl
  • Interior Amenities: One-Floor Living
  • Stories: 3

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit, Near Railroad
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Brick/Mortar
  • Roof: Pitched, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Hot Water, Heat Pump, Baseboard
  • Heating Yn: Yes
  • Electric: On Site, 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: 5227.2
  • Parcel #: SACO-000038-000011
  • Zoning: Downtown District

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 82200.0
  • Annual Operating Expense: 18073.9

Tax Info

  • Tax Annual Amount: 6243.68
  • Tax Lot: 11
  • Tax Year: 2023
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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 List to Sale Price per Sq Ft Prior Sale
06/26/2024 06/26/24 Sold $750,000 -9.1% $234 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/17/2024 05/17/24 Price Changed $825,000 -2.9% $257 / Sq Ft
05/03/2024 05/03/24 For Sale $850,000 +33.9% $265 / Sq Ft
10/07/2022 10/07/22 Sold $635,000 +7.6% $198 / Sq Ft View Prior Sale
08/27/2022 08/27/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $590,000 +22.9% $184 / Sq Ft
11/03/2020 11/03/20 Sold $480,000 +0.2% $150 / Sq Ft View Prior Sale
09/23/2020 09/23/20 Pending -- -- --
03/29/2020 03/29/20 For Sale $479,000 -- $149 / 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 $6,410 $456,200 $137,800 $318,400
2023 $6,244 $423,300 $137,800 $285,500
2022 $5,574 $304,100 $105,000 $199,100
2021 $5,453 $288,800 $97,200 $191,600
2020 $5,154 $262,000 $85,500 $176,500
2019 $5,078 $262,000 $85,500 $176,500
2018 $4,928 $254,300 $77,800 $176,500
2017 $4,847 $250,100 $77,800 $172,300
2016 $4,797 $247,000 $61,500 $185,500
2015 $4,699 $244,500 $61,500 $183,000
2014 $4,553 $244,500 $61,500 $183,000
2013 $4,543 $244,500 $61,500 $183,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1587937

Maine Listings
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