NOT LISTED FOR SALE

Estimated Value: $590,000 - $664,000

4 Beds
2 Baths
2,622 Sq Ft
$239/Sq Ft Est. Value

Last Sold April 06, 2021

Last sale price $464,000 $177 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,657/month

56 Days on Market

Highlights

  • 55 Feet of Waterfront
  • River Nearby
  • Main Floor Bedroom
  • Saco Middle School Rated A-
  • Property is near public transit
  • No HOA

About This Home

As of April 2021

Rare find in Saco, a newer built duplex that's in very good condition. Both units are similar layouts around 1311 sqft. Very unique location with the property having frontage along the Saco River. Zoned R3 allowing certain types of commercial business. Currently set up as 2 residential units. New back deck off Unit 2 boasting lots of room to enjoy the outdoors and views of the water. Bring your kayak and other water toys. What a great feature to have in your backyard for yourself or tenants. Higher rents because of that. Adding on to existing structure to build another unit is possible with it being attached to current structure, with town of Saco and Corridor approval. Garage structure able to be built with non living space over it. Great for an office or small boutique. Easy access to the revitalized area of Saco/Biddeford. HWY 95 is a short 5 minute drive to be headed south or north. Perfect set up for owner occupied and a tenant in other unit. Rental can pay for most or all the properties expense. Investors you'd be in good shape with this one. Get a complex that's set up for premium rents with the location, condition, and layout. Also listed as a multi family under MLS 1480473

Last Agent to Sell the Property

John Krouse

EXP Realty Listed on: 03/01/2021

EXP Realty

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,579

Year Built

  • Built in 2000

Lot Details

  • 0.26 Acre Lot
  • 55 Feet of Waterfront
  • River Front
  • Level Lot

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,622 Sq Ft Home
  • Water Views

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Unfinished Basement

  • Interior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • River Nearby
  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 232
  • Assessor Parcel Number SACO-000038-000232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,579

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Water Body Name: Saco River
  • MLS Status: Closed
  • Directions: From Main St take go down Lincoln about 1/2 mile, home is River front.
  • Above Grade Finished Sq Ft: 2622.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Year Built: 2000
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2622.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Basement:Crawl Space: Yes
  • Style:Duplex: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Water Info:Waterfront Amount -: 55.0
  • Water Info:Water Frontage Owned -: 55.0
  • Location:Near Railroad: Yes
  • Accessibilitiy Amenities 32 - 36 Inch Doors: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Crawl Space, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Vinyl, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom

Exterior Features

  • Lot Features: Level, Intown, Near Shopping, Near Turnpike/Interstate, Near Railroad
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, 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: 11325.6
  • Parcel #: SACO-000038-000232
  • Zoning: R3

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4579.0
  • Tax Book Number: 17809
  • Tax Lot: 232
  • Tax Map Number: 38
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Apr 6, 2021
Sold by
Vaughn Matthew T
Bought by
Vecchiarello Cafferky T and Cafferky John K
Seller's Agent
John Krouse
EXP Realty
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$475,000
Sold Price
$464,000
Premium/Discount to List
-$11,000
-2.32%
Current Estimated Value
$577,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,868
Avg. Annual Appreciation
5.17%
Original Mortgage
$324,800
Outstanding Balance
$294,706
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$283,162

Purchase Details

Closed on
Sep 27, 2018
Sold by
Cormier Joey and Cormier Katarzyna
Bought by
Vaughn Matthew T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2013
Sold by
Usa Va
Bought by
Cormier Joey

Purchase Details

Closed on
May 24, 2011
Sold by
Cyr Brian
Bought by
Cormier Katarzyna and Cormier Joey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2006
Sold by
Tofani Thomas A
Bought by
Cyr Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,405
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Vecchiarello Cafferky T -- None Available
Vaughn Matthew T -- --
Cormier Joey $75,001 --
Cormier Katarzyna -- --
Cyr Brian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vecchiarello Cafferky T $324,800
Previous Owner Vaughn Matthew T $156,000
Previous Owner Sierra Construction Inc $70,000
Previous Owner Cormier Katarzyna $140,000
Previous Owner Cyr Brian W $226,400
Previous Owner Cyr Brian $237,405
Previous Owner Tofanl Thomas A $221,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2021 04/06/21 Sold $464,000 -2.3% $177 / Sq Ft
02/27/2021 02/27/21 Pending -- -- --
01/01/2021 01/01/21 For Sale $475,000 -- $181 / 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 $5,921 $421,400 $109,400 $312,000
2023 $6,216 $421,400 $109,400 $312,000
2022 $5,490 $299,500 $83,400 $216,100
2021 $5,167 $273,700 $75,300 $198,400
2020 $4,648 $236,300 $65,600 $170,700
2019 $4,579 $236,300 $65,600 $170,700
2018 $3,886 $231,400 $60,700 $170,700
2017 $4,021 $227,500 $60,700 $166,800
2016 $4,177 $215,100 $56,500 $158,600
2015 $4,086 $212,600 $56,500 $156,100
2014 $3,959 $212,600 $56,500 $156,100
2013 $3,950 $212,600 $56,500 $156,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1478974

Maine Listings

APN: SACO-000038-000232