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  • $190,000

    20 Island Avenue, Sanford, ME 04073

    4beds
    1,699sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $326,000 Zestimate®
    $112/sqft
    $1,978 Estimated rent

    Home value

    $326,000

    $300,000 - $352,000

    $1,978/mo

    Zestimate® history
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    $1,241/mo

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    What's special

    Substantial upgradesGorgeous pine hardwood flooringNewer sewage line
    Welcome to this remarkable investment gem that promises a plethora of opportunities for savvy investors! This immaculately maintained duplex presents a golden chance to secure a prime real estate asset. Priced sensationally under $200,000, this is a rare find that won't last long! Boasting an array of significant upgrades in recent years, including a mere 2-year-old furnace, a solid 10-year-old roof, and a newer sewage line, this property ensures peace of mind for years to come. This two-unit building comprises two spacious 2-bed, 1-bath units that are already generating consistent rental income. The upstairs unit showcases the timeless elegance of gorgeous pine hardwood flooring, adding a touch of sophistication and warmth. But that's not all - your investment also includes a generous dirt lot to the left of the property, an incredible value-add proposition that truly sets this opportunity apart. The possibilities are endless - from future expansion to additional parking or even potential development (subject to local regulations). Seize the moment and capitalize on this extraordinary chance to acquire a fully rented duplex with substantial upgrades, poised to deliver strong returns on your investment. Don't miss out - contact us today to secure your private showing and embark on a prosperous real estate journey!

    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Coastal and Lakes & Mountains Realty

    Bought with:

    Landing Real Estate

    Source: Maine Listings,MLS#: 1567373MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard
    Cooling
    • None
    Features
    • Flooring: Wood
    • Basement: Interior Entry,Full
    Interior area
    • Total structure area: 1,699
    • Total interior livable area: 1,699 sqft
    • Finished area above ground: 1,699
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, 1 - 4 Spaces, Off Street
    Features
    • Stories: 2
    Lot
    • Size: 2,613 Square Feet
    • Features: Interior Lot, Near Town, Corner Lot, Level, Sidewalks
    Details
    • Parcel number: SANFM0I28B95
    • Zoning: UB

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Roof: Shingle
    Condition
    • Year built: 1920

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & HOA

    Location
    • Region: Sanford

    Financial & listing details

    • Price per square foot: $112/sqft
    • Tax assessed value: $175,900
    • Annual tax amount: $2,603
    • Date on market: 8/2/2023
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/6/2023Sold$190,000-2.6%$112/sqft
    Source: Maine Listings #1567373 Report a problem
    8/6/2023Pending sale$195,000$115/sqft
    Source: Maine Listings #1567373 Report a problem
    8/6/2023Contingent$195,000$115/sqft
    Source: Maine Listings #1567373 Report a problem
    8/2/2023Listed for sale$195,000$115/sqft
    Source: Maine Listings #1567373 Report a problem
    7/4/2023Listing removed--
    Source: Maine Listings #1551015 Report a problem
    5/23/2023Price change$195,000-2.5%$115/sqft
    Source: Maine Listings #1551015 Report a problem
    5/2/2023Pending sale$199,900$118/sqft
    Source: Maine Listings #1551015 Report a problem
    1/16/2023Listed for sale$199,900-2.5%$118/sqft
    Source: Maine Listings #1551015 Report a problem
    1/2/2023Listing removed--
    Source: Maine Listings #1537262 Report a problem
    10/17/2022Price change$205,000-6.8%$121/sqft
    Source: Maine Listings #1537262 Report a problem
    9/28/2022Price change$220,000-6.4%$129/sqft
    Source: Maine Listings #1537262 Report a problem
    8/3/2022Pending sale$235,000$138/sqft
    Source: Maine Listings #1537262 Report a problem
    7/21/2022Listed for sale$235,000$138/sqft
    Source: Maine Listings #1537262 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,663 $175,900
    2023$2,663 +2.3%$175,900
    2022$2,603 +16.6%$175,900 +43.2%
    2021$2,233 $122,800
    2020$2,233 +4.8%$122,800 +19.3%
    2019$2,130 -3.1%$102,900 -4%
    2018$2,198 -1.1%$107,200
    2017$2,223 +14.1%$107,200 +25.1%
    2016$1,949 +1.8%$85,700 -1.4%
    2015$1,915 +4%$86,900 +4.2%
    2014$1,842 +0.9%$83,400 -3.1%
    2013$1,825 -4.5%$86,100 -12.9%
    2012$1,911 +10.3%$98,900
    2011$1,733 -3.6%$98,900 -9.7%
    2009$1,798 -7%$109,500 -11.1%
    2008$1,934 +4.1%$123,200 -3.1%
    2006$1,857 $127,200
    Find assessor info on the county website

    Neighborhood: 04073

    Nearby schools

    GreatSchools rating
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