NOT LISTED FOR SALE

Estimated Value: $796,000 - $909,605

7 Beds
4 Baths
3,735 Sq Ft
$230/Sq Ft Est. Value

Sale Details

Date Sold: December 16, 2022

Last sale price $721,000 $193 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,407 / mo

23 Days on Market

Highlights

  • The property is located in a historic district
  • 0.32 Acre Lot
  • Property is near golf course, public transit, and shops
  • Saco Middle School Rated A-
  • Deck
  • 2-minute walk to Pepperell Park

About This Home

As of December 2022

Solid investment or owner occupied 3-unit in Saco. Each unit has been updated over the past several years. The building includes 7 heatpumps in all in two of the units. Parking for up to 5 plus vehicles, a spacious and private yard all within close proximity to downtown. Rare opportunity to own a property that will allow one to enjoy income investment potential, or in-law living opportunities. This 3-unit property has benefited from several recently completed renovations & improvements the last 10 years. Some of which include a New appliances, New flooring, New decks, Added Mini splits(Heat pumps). A total of 3,735 +/-sf of living space. For investment owners this property offers excellent rental income potential. Tenants will enjoy two spacious 2 bedroom units with hardwood floors, and one unit with 3 bedrooms and two full baths. Easy walk to Downtown Saco nd Biddeford and all it has to offer. Easy access to Turnpike and Train Station. Expenses...Oil $1,600. CMP $3,100. Water/Sewer $953. Taxes 2021-2022 $8,006.54

Last Agent to Sell the Property

Robert Letellier

RE/MAX Realty One Listed on: 10/02/2022

Co-Listed By

Elias Leland

Coldwell Banker Realty

Last Buyer's Agent

Nicholas Guerrette

RE/MAX Shoreline

RE/MAX Shoreline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,531

Year Built

  • Built in 1976

Lot Details

  • 13,939 Sq Ft Lot
  • Property fronts a freeway
  • Landscaped
  • Level Lot

Parking

  • 3 Car Direct Access Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Brick Veneer
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,735 Sq Ft Home
  • 1-Story Property
  • Storage
  • Attic

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near golf course, public transit, and shops
  • The property is located in a historic district
  • City Lot

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 70
  • Assessor Parcel Number SACO-000032-000070

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $5,653
  • Gross Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,531

Year Built

Built in 1976

Lot Details

0.32 Acres

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Road Surface Type: Paved
  • Co List Office Phone: 207-283-0108
  • MLS Status: Closed
  • Directions: GPS friendly
  • Above Grade Finished Sq Ft: 3735.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1976
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 200.8
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.32
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3735.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 3.0
  • 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
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Amenities:Walk-in Closets: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 51600.0
  • Income Expenses Operating Expenses: 5653.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Location:Historic District: Yes
  • Amenities:Attic: Yes
  • Driveway:Gravel: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Water Heater:Tank: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Exterior:Brick Veneer: Yes
  • Advertising Remarks:Advertising Remarks: Call Bob Letellier (207)590-5178. $750,000. Solid investment or owner occupied 3-unit in Saco. Each unit has been updated over the past several years. The building includes 7 heatpumps in all in two of the units. Parking for up to 5 plus vehicles, a spacious and private yard all within close proximity to downtown. Rare opportunity to own a property that will allow one to enjoy income investment potential, or in-law living opportunities. This 3-unit property has benefited from several recently completed renovations & improvements the last 10 years. Some of which include a New appliances, New flooring, New decks, Added Mini splits(Heat pumps). A total of 3,735 +/-sf of living space. For investment owners this property offers excellent rental income potential. Tenants will enjoy two spacious 2 bedroom units with hardwood floors, and one unit with 3 bedrooms and two full baths. Easy walk to Downtown Saco nd Biddeford and all it has to offer. Easy access to Turnpike and Train Station. Expenses...Oil $1,600. CMP $3,100. Water/Sewer $953. Taxes 2021-2022 $8,006.54
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Tile, Carpet
  • Interior Amenities: Attic, One-Floor Living, Pantry, Walk-In Closet(s), Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Historic District, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Brick Veneer, Wood Frame
  • Foundation Details: Block, Granite
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Gravel, Garage Door Opener, Inside Entrance

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Heat Pump, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13939.2
  • Parcel #: SACO-000032-000070
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 51600.0
  • Annual Operating Expense: 5653.0

Tax Info

  • Tax Annual Amount: 7531.0
  • Tax Lot: 70
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2022
Closed on
Dec 16, 2022
Sold by
Bought by
Seller's Agent
Robert Letellier
RE/MAX Realty One
Buyer's Agent
Nicholas Guerrette
RE/MAX Shoreline
List Price
$750,000
Sold Price
$721,000
Premium/Discount to List
-$29,000
-3.87%
Current Estimated Value
$859,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,651
Avg. Annual Appreciation
5.05%
Original Mortgage
$612,850
Interest Rate
0.0695%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
0.0567%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$721,000 None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $612,850
Closed $30,000
Previous Owner $241,600
Closed $77,000
Closed $35,000
Closed $20,000
Closed $226,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/16/2022 12/16/22 Sold $721,000 -3.9% $193 / Sq Ft
10/09/2022 10/09/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $750,000 -- $201 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,162 $645,200 $132,300 $512,900
2024 $8,660 $616,400 $132,300 $484,100
2023 $9,092 $616,400 $132,300 $484,100
2022 $8,007 $436,800 $100,600 $336,200
2021 $7,531 $398,900 $89,900 $309,000
2020 $6,790 $345,200 $79,000 $266,200
2019 $6,690 $345,200 $79,000 $266,200
2018 $6,552 $338,100 $71,900 $266,200
2017 $6,562 $338,600 $71,900 $266,700
2016 $5,570 $286,800 $46,800 $240,000
2015 $5,370 $279,400 $46,800 $232,600
2014 $5,202 $279,400 $46,800 $232,600
2013 $5,191 $279,400 $46,800 $232,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1543146

Maine Listings

APN: SACO-000032-000070

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