7 Garfield Street
7 Garfield Street
Saco, ME 04072
$675,000
Price
4
Beds
3
Baths
2,314 Sq. Ft.
$292 / Sq. Ft.
2,314
Sq. Ft.
$292
per Sq. Ft.
Description
Perfect investment opportunity for someone looking to add to their portfolio or develop more housing units. This property is currently being used as a 2 unit and the land it sits on is zoned to allow a total of 6 units. The current owner has gone through all of the permitting and approval process' to develop an additional 5 units on the property - with this plan you would need to convert the 2 unit back into a single family. There are other development opportunities a new owner could explore as well....Perfect investment opportunity for someone looking to add to their portfolio or develop more housing units. This property is currently being used as a 2 unit and the land it sits on is zoned to allow a total of 6 units. The current owner has gone through all of the permitting and approval process' to develop an additional 5 units on the property - with this plan you would need to convert the 2 unit back into a single family. There are other development opportunities a new owner could explore as well. Any additional units would require condos - the seller has already started this process as well. This really is a great opportunity!
- Listed by Katherine Kinney • Landing Real Estate
Property Details for 7 Garfield Street
Waterfront
No
ArchitecturalStyleNew Englander
Garage Spaces.00
GarageNo
ZoningR-2
Location
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LISTING UPDATED: 03/13/2024 10:46 AM
Property Details for 7 Garfield Street
| Status | Active |
|---|---|
| MLS # | 1575683 |
| Days on Market | 185 |
| Taxes | $4,980 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1925 |
| Lot Size | 0.75 AC / 32,670 SF |
| County | York County |
Location
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Building Information for 7 Garfield Street
Stories-Residences2Year Built1925Building Size-Lot Size0.75 AC / 32,670 SF
Payment Calculator
$4,099 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,684
Property Taxes
$415
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 7 Garfield Street
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 2405
- Directions: Route 5 to Garfield St, #7.
- Town: Saco
- State/Province: ME
- Zip Code: 04072
- County: York
- Geo Latitude: 43.510816
- Geo Longitude: -70.461456
- Tax Lot: 021
- Site:Level: Yes
- Site:Sidewalks: Yes
- Location:Near Town: Yes
- Location:Neighborhood: Yes
Parking
- Parking Features: 5 - 10 Spaces, Paved
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 10657
- Tax Map Number: 067
- Tax Year: 2022
- Parcel Number: SACO-000067-000021
- Location Information:Association Y/N: No
- Tax Annual Amount: $4,980.00
Property
Heating and Cooling
- Water Heater:Other Water Heater: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 2314.0
- Lot Size Acres: 0.75
- Source of Acreage: Public Records
- Building Area Total: 2314.0
- Lot Size Area: 0.75
- Lot Size Units: Acres
- Lot Size Square Feet: 32670.0
- Bathrooms Full: 3
- Bathrooms Half: 0
- Street Number: 7
- Property Information:Surveyed: Yes
- Property Information:Seasonal: No
- Property Information:Total Half Baths: .00
Parking
- Driveway:Paved: Yes
Property and Assessments
- Documents Available: Plot Plan Public Access, Other Public Access 1, Other Public Access 2, Other Public Access 3, Deed Public Access, Property Disclosure Public Access
- Leased Land: No
- Property Type: C
- Property Type Label: Multi-Family
- Year Built: 1925
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Siding, Vinyl Siding, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Shingle
Interior Features
- Basement: Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
- Flooring: Wood
- Cooling: None
- Heating: Baseboard
- Foundation Details: Block, Brick/Mortar
- Bathrooms Total (Integer): 3
- Bathrooms Total (Decimal): 3.00
- Bathrooms Total (Notational): 3.00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $26,400.00
- Operating Expenses: $6,640.00
Multi-Family Information
- Number of Units: 2
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: Yes
- Unit 1:Monthly Rent: $2,200.00
- Unit 1:# Full Baths: 2.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 6.00
- Unit 1:# of Bedrooms: 3.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: Yes
- Unit 1:Electric: No
- Unit 1:Heat: No
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: First
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 2.00
- Unit 2:# of Bedrooms: 1.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: Yes
- Unit 2:Electric: No
- Unit 2:Heat: No
- Unit 2:Range: No
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit Information
- Units:# of 1 BD Units: 1
- Units:# of 2 BD Units: 0
- Units:# of 3 BD Units: 1
- Units:# of 4+ BD Units: 0
Property History for 7 Garfield Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7 Garfield Street
Taxable ValueLand$110,800Additions$160,900Total$271,700
Tax Record2022$4,980 ($415 / month)
Home Facts
Baths2.5Total Finished SqFt2,314 SqFtAbove Grade Finished SqFt2,314 SqFtUnfinished Basement SqFt342 SqFtStories2Lot Size32,670 SqFtStyleDuplexYear Built1925ZoningR-2CountyYORKAPNSACO M:067 L:021 U:000-000
Schools near 7 Garfield Street
This home is within Saco Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 3 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
C K Burns School Public3 to 5 | ||
Saco Middle School Public6 to 8 | ||
Saco Transition Program Public9 to 12 | ||
Young School PublicPK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
