Bought with Duston Leddy Real Estate
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Key Details
Sold Price $500,000
Property Type Multi-Family
Listing Status Sold
Square Footage 2,753 sqft
MLS Listing ID 1560713
Sold Date 09/08/23
Style Multi-Level,New Englander
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,753
Originating Board Maine Listings
Year Built 1875
Annual Tax Amount $4,665
Tax Year 22
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Back on the market due to the lender's failure to do their due diligence and properly qualify the Buyer. At $500,000, the property is now priced significantly less than the recent appraised value, and is now compliant with FHA and other government loan requirements after recent repairs were made at Seller's effort and expense. Classic 2-unit New Englander at the end of a quiet cul-de-sac in downtown Saco. Unit 1 is on the first floor—it was the current owner's unit and is now vacant. It offers a large open concept kitchen and adjoining dining/multipurpose room; living room; two bedrooms; and a full bath with a laundry hookup and washer and dryer that convey with the property. Unit 2 is on levels two and three, and is not encumbered by a lease. This spacious apartment offers a fully-applianced kitchen; laundry room, and washer and dryer that convey with the property; full bath; living room; and two bedrooms on the second floor. Additional living space is found on the third floor, including the third bedroom; a bonus room; and a bathroom that is a ''work in progress''. An abundance of storage space on the second and third levels may either remain as such or provide room to expand. Plenty of off-street parking can be found on either of the two driveways, and beneath the carport at the rear of the building. Enjoy living within walking distance of downtown Saco and Biddeford, and enjoy all that these communities have to offer, including a vibrant brew pub and restaurant scene that rivals Portland; trail systems and museums; amusement parks; a classic drive-in movie theatre; State parks and beaches; and all that the Maine coast has to offer. A fabulous opportunity for owner/occupants and investors, alike. Note: current rent for Unit 2 is below current fair market value.
Location
State ME
County York
Zoning R3
Direction GPS-friendly.
Rooms
Basement Full, Sump Pump, Exterior Entry, Bulkhead, Unfinished
Interior
Interior Features Bathtub, Storage
Heating Other Heat System, Forced Air
Cooling Other
Flooring Wood, Vinyl, Tile, Carpet
Laundry Laundry - 1st Floor, Upper Level, Main Level
Exterior
Garage 5 - 10 Spaces, Other, Paved, Carport, Off Street
Waterfront No
View Y/N No
Roof Type Shingle
Street Surface Paved
Parking Type 5 - 10 Spaces, Other, Paved, Carport, Off Street
Garage No
Building
Lot Description Level, Open Lot, Sidewalks, Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Public Transit, Near Railroad
Story 3
Foundation Granite
Sewer Public Sewer
Water Public
Architectural Style Multi-Level, New Englander
Structure Type Vinyl Siding,Clapboard,Wood Frame
Schools
School District Saco Public Schools
Others
Energy Description Oil, Electric
Financing Conventional
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327