$725,000
SOLD MAR 5, 2025

860 Main St Sanford, ME 04073

-- Bed
4 Baths
6,240 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$116 Per Sq Ft

26% Below List Price

51 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Carpet
  • Corner Lot
  • Baseboard Heating

About This Home

As of March 2025

This home is located at 860 Main St, Sanford, ME 04073 and is currently priced at $725,000, approximately $116 per square foot. This property was built in 1950. 860 Main St is a home located in York County with nearby schools including St Thomas Consolidated School and Sanford Christian Academy.

Last Agent to Sell the Property

Suzanne McKechnie

McKechnie Commercial Realty Listed on: 11/12/2024

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,637

Year Built

  • Built in 1950

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 4 Full Bathrooms
  • 6,240 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Location

  • Property is near public transit
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number SANF-000031-K000028

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $20,150
  • Gross Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,637

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 6240.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 2
  • Year Built: 1950
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 157.85
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 6240.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: 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
  • Foundation Materials:Slab: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 57600.0
  • Income Expenses Operating Expenses: 20150.17
  • Parking:On Site2: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:Slab2: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Tank: Yes
  • Exterior:Brick: Yes
  • Transportation:Public Transport Access: Yes
  • Roof:Flat: Yes
  • Roof:TarGravel: Yes
  • Heat Fuel:Multi-Fuel System: Yes
  • Advertising Remarks:Advertising Remarks: Well established insurance agency recently sold their book of business to neighboring agency, and now are moving into a new business venture! Building consists of 2 Commercial and 4 Residential Units! 1st Floor: Consists of 2 commercial spaces with a nice glassed entry into a common area seating room. 2nd Floor: Consists of 4 Residential Units. 2 BR, 1 BA each. Primarily Oil Heat, (apartments have kit/living room with electric) Roof 2011. Formally the building was configured as 8 apartment units (having 4 residential units on each floor). Investment or Owner user conversion opportunity: 1st floor plumbing and bathrooms are still mostly in place for possible conversion back to full residential or maybe buyer converts 1s Floor with 1 residential and 1 office space. Ample of on site parking for both commercial and residential. Good location, next door to Walgreens pharmacy, and Atlantic Federal CU. Close to many other City amenities. Nice sidewalks, short walk to scenic Number One Pond, Park and Walking Trails. Financials are available upon request.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 4
  • Flooring: Vinyl, Carpet

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Shopping, Retail Strip, Near Public Transit
  • Waterfront: No
  • Construction Type: Composition, Brick, Wood Frame
  • Foundation Details: Slab
  • Roof: Flat, Tar/Gravel

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 6534.0
  • Parcel #: SANF-000031-K000028
  • Zoning: UB

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 57600.0
  • Annual Operating Expense: 20150.17

Tax Info

  • Tax Annual Amount: 6637.0
  • Tax Lot: 31
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2024
Closed on
Mar 5, 2025
Sold by
R & M Rentals Llc
Bought by
Cnr Llc
Seller's Agent
Suzanne McKechnie
McKechnie Commercial Realty
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$985,000
Sold Price
$725,000
Premium/Discount to List
-$260,000
-26.4%
Views
22
Current Estimated Value
$754,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,966
Avg. Annual Appreciation
5.55%
Original Mortgage
$580,000
Outstanding Balance
$576,088
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$178,878

Purchase Details

Closed on
Aug 17, 2010
Sold by
Dubois Patricia A and Dubois Robert W
Bought by
R & M Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.63%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Quit Claim Deed $725,000 None Available
Quit Claim Deed $725,000 None Available
Quit Claim Deed $725,000 None Available
Warranty Deed $400,000 --
Warranty Deed $400,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $580,000 Purchase Money Mortgage
Closed $580,000 Purchase Money Mortgage
Previous Owner $40,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2025 03/05/25 Sold $725,000 -26.4% $116 / Sq Ft
01/02/2025 01/02/25 Pending -- -- --
11/12/2024 11/12/24 For Sale $985,000 -- $158 / 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
2025 $7,032 $411,200 $73,000 $338,200
2024 $6,637 $411,200 $73,000 $338,200
2023 $6,226 $411,200 $73,000 $338,200
2022 $5,162 $348,800 $73,000 $275,800
2021 $4,725 $259,900 $73,000 $186,900
2020 $5,002 $248,100 $73,000 $175,100
2019 $5,136 $248,100 $73,000 $175,100
2018 $5,086 $248,100 $73,000 $175,100
2017 $5,146 $248,100 $73,000 $175,100
2016 $5,867 $258,000 $73,000 $185,000
2015 $5,686 $258,000 $73,000 $185,000
2014 $5,731 $258,000 $73,000 $185,000
2013 -- $265,100 $73,000 $192,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1609234

Maine Listings

APN: SANF-000031-K000028