$102,464*
●
Condo -
Off Market
16 Mill Street #41
Sanford, ME 04083
2 Beds
1 Bath
$70,000 - $80,000
Reference Base Price*
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
Cute two bedroom condo.
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Condo
Property Taxes
$1,500
HOA Dues
-
Year Built
1988
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 16, 2024 | No longer available | - | |
| No longer available | |||
| Feb 14, 2024 | Sold | ||
| Sold | |||
| Jan 13, 2024 | In contract | - | |
| In contract | |||
| Dec 1, 2023 | Listed | $174,900 | |
| Listed | |||
| | |||
|
This is your opportunity to have home ownership at a very reasonable price. Or invest and rent out the unit. Either way, you will not find a more affordable option in southern Maine. This 2 Bedroom 1 bath unit has a space for a stack washer /dryer unit as well as an extra storage unit for your 'stuff'. This unit cannot go through government loans such as RD, FHA or VA type loans. Conventional financing or a portfolio loan are good options. The unit needs some TLC but can be lived in immediately. The manager has listed the unit size as 864 square feet.
| |||
| Oct 21, 2023 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/08/2024
| |
2 Bed
|
1 Bath
|
864 ft²
|
$190,000
2 Bed
1 Bath
864 ft²
|
-
-
|
Ann Lapierre
Town Square Realty Group
|
|
07/20/2023
|
2 Bed
|
1 Bath
|
-
|
$195,000
2 Bed
1 Bath
|
$169,900
-12.87%
02/14/2024
|
Brian Samia Gary Samia
Century 21 Samia Realty
| |
|
09/06/2023
|
2 Bed
|
1 Bath
|
-
|
$184,900
2 Bed
1 Bath
|
-
-
|
Carmen Lessard
RE/MAX Realty One
| |
|
10/13/2022
|
2 Bed
|
1 Bath
|
-
|
$159,900
2 Bed
1 Bath
|
-
-
|
Brian Samia Gary Samia
Century 21 North East
| |
|
05/05/2022
|
2 Bed
|
1 Bath
|
-
|
$149,900
2 Bed
1 Bath
|
-
-
|
Brian Samia Gary Samia
Century 21 North East
| |
|
01/22/2022
|
2 Bed
|
1 Bath
|
-
|
$89,900
2 Bed
1 Bath
|
-
-
|
Joyce Veroneau
Coldwell Banker Realty
| |
|
08/25/2021
|
2 Bed
|
1 Bath
|
-
|
$130,000
2 Bed
1 Bath
|
-
-
|
Ben Gallagher
Keller Williams - Greater Portland
| |
|
08/17/2021
|
2 Bed
|
1 Bath
|
-
|
$129,900
2 Bed
1 Bath
|
$145,000
+11.62%
10/05/2021
|
Catherine Bame
Coldwell Banker Realty
| |
|
08/03/2020
|
2 Bed
|
1 Bath
|
-
|
$78,900
2 Bed
1 Bath
|
$78,900
10/15/2020
|
Danielle Lape
| |
|
06/10/2020
|
2 Bed
|
1 Bath
|
-
|
$86,000
2 Bed
1 Bath
|
$90,000
+4.65%
07/21/2020
|
Frank Hennings
| |
|
03/09/2020
|
2 Bed
|
1 Bath
|
-
|
$80,000
2 Bed
1 Bath
|
-
-
|
-
| |
|
02/26/2020
|
2 Bed
|
1 Bath
|
864 ft²
|
$75,000
2 Bed
1 Bath
864 ft²
|
$68,355
-8.86%
05/15/2020
|
William Somerset
RE/MAX Realty Group
| |
|
11/09/2019
|
2 Bed
|
1 Bath
|
864 ft²
|
$89,000
2 Bed
1 Bath
864 ft²
|
-
-
|
-
| |
|
10/04/2019
|
2 Bed
|
1 Bath
|
-
|
$70,000
2 Bed
1 Bath
|
$87,500
+25.00%
11/06/2019
|
Margaret Hill
| |
|
04/03/2019
|
2 Bed
|
1 Bath
|
-
|
$80,000
2 Bed
1 Bath
|
-
-
|
-
| |
|
10/12/2018
| |
2 Bed
|
1 Bath
|
864 ft²
|
$75,000
2 Bed
1 Bath
864 ft²
|
-
-
|
-
|
|
09/29/2015
|
2 Bed
|
1 Bath
|
864 ft²
|
$69,900
2 Bed
1 Bath
864 ft²
|
$55,000
-21.32%
12/21/2015
|
Elias Thomas
Exit Key Real Estate
|
Building Info
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