Seller's Agent in 2024
Brian Samia
Century 21 North East
(207) 651-7188
75 in this area
184 Total Sales
911 Main St Sanford, ME 04073
Estimated Value: $798,579
5
Beds
7.5
Baths
7,028
Sq Ft
$114/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Heating System Uses Steam
- 3-minute walk to Gateway Park
- No HOA
- Radiator
About This Home
As of October 2024Mixed Use Downtown Investment Property. This 8 unit building is located in the heart of Sanford's City Center. The building offers a large 1st floor commercial space. The commercial space is leased to a retail shop opening June 1, 2024. The 2nd and 3rd floors consist of 7 one bedroom and efficiency apartments. The building is fully occupied. The building is in generally good over all condition and in good standing with the City of Sanford rental ordinance. Many improvements have been made over the past 15 years. A new rubber membrane roof was installed in April 2024. New whole building hot water heater March 2024. The building has a whole building fire suppression and fire alarm system. This is an excellent turn-key investment property.
Last Agent to Sell the Property
Century 21 North East Brokerage Phone: 207-651-7188 Listed on: 05/03/2024
Last Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,361
Year Built
- Built in 1890
Lot Details
- 3,485
Home Design
- Wood Frame Construction
- Membrane Roofing
- Vinyl Siding
Interior Spaces
- 3-Story Property
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Utilities
- No Cooling
- Radiator
- Heating System Uses Oil
- Heating System Uses Steam
- Oil Water Heater
Additional Features
- 3,485 Sq Ft Lot
- City Lot
Listing and Financial Details
- Tax Lot 30
- Assessor Parcel Number SANF-000030-K000030
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- Operating Expense $28,727
- Gross Income $98,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2024
Closed on
Oct 28, 2024
Sold by
Sanford 911 Main Llc
Bought by
Akj Iv Properties Llc
Seller's Agent
Brian Samia
Century 21 North East
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$839,900
Sold Price
$762,500
Premium/Discount to List
-$77,400
-9.22%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,079
Avg. Annual Appreciation
4.37%
Original Mortgage
$658,750
Outstanding Balance
$650,958
Interest Rate
6.2%
Mortgage Type
Commercial
Estimated Equity
$147,621
Purchase Details
Listed on
Dec 15, 2020
Closed on
Mar 12, 2021
Sold by
911 Main St Llc
Bought by
Sanford 911 Main Llc
Seller's Agent
Danielle Lape
Kre Brokerage Group
Buyer's Agent
Gregory Szymbor
EXIT Oceanside Realty
List Price
$564,900
Sold Price
$564,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
Original Mortgage
$451,920
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Akj Iv Properties Llc | -- | None Available | |
| Akj Iv Properties Llc | -- | None Available | |
| Sanford 911 Main Llc | -- | None Available | |
| Sanford 911 Main Llc | -- | None Available | |
| Sanford 911 Main Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Akj Iv Properties Llc | $658,750 | |
| Closed | Akj Iv Properties Llc | $658,750 | |
| Previous Owner | Sanford 911 Main Llc | $451,920 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/28/2024 10/28/24 | Sold | $762,500 | -4.7% | $108 / Sq Ft | |
| 08/29/2024 08/29/24 | Pending | -- | -- | -- | |
| 05/20/2024 05/20/24 | Price Changed | $799,900 | -4.8% | $114 / Sq Ft | |
| 05/03/2024 05/03/24 | For Sale | $839,900 | +48.7% | $120 / Sq Ft | |
| 03/12/2021 03/12/21 | Sold | $564,900 | 0.0% | $80 / Sq Ft | View Prior Sale |
| 12/21/2020 12/21/20 | Pending | -- | -- | -- | |
| 12/15/2020 12/15/20 | For Sale | $564,900 | -- | $80 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $8,314 | $486,200 | $61,000 | $425,200 |
| 2024 | $7,847 | $486,200 | $61,000 | $425,200 |
| 2023 | $7,361 | $486,200 | $61,000 | $425,200 |
| 2022 | $7,196 | $486,200 | $61,000 | $425,200 |
| 2021 | $5,659 | $311,300 | $61,000 | $250,300 |
| 2020 | $4,010 | $198,900 | $61,000 | $137,900 |
| 2019 | $4,117 | $198,900 | $61,000 | $137,900 |
| 2018 | $3,595 | $193,000 | $61,000 | $132,000 |
| 2017 | $4,003 | $193,000 | $61,000 | $132,000 |
| 2016 | $3,709 | $163,100 | $49,200 | $113,900 |
| 2015 | $3,595 | $163,100 | $49,200 | $113,900 |
| 2014 | $3,526 | $163,100 | $49,200 | $113,900 |
| 2013 | -- | $163,100 | $49,200 | $113,900 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Samia
-
N
Buyer's Agent in 2024
NON-MREIS AGENT
Non MREIS Agency
-
Danielle Lape
Seller's Agent in 2021
Danielle Lape
Kre Brokerage Group
(207) 730-2476
8 in this area
123 Total Sales
-
Amanda Owens
Seller Co-Listing Agent in 2021
Amanda Owens
Kre Brokerage Group
(207) 939-6026
7 in this area
163 Total Sales
-
G
Buyer's Agent in 2021
Gregory Szymbor
EXIT Oceanside Realty
Map
Source: Maine Listings
MLS Number: 1588389
APN: SANF-000030-K000030
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