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Springvale 04083
28 Payne Street
Listed by: Jeanette Bandouveres, Great Island Realty LLC, Selling Office: A Non PrimeMLS Agency, Listing Courtesy of Prime MLS
$176,000
● House - Off Market

28 Payne Street

Sanford, ME 04083
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,258 Ft²
$233,287
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model
Unit Size
1,258 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$140
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1870

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (Prime MLS #4839378)

Price History

Date / Event Date Event Price
Nov 19, 2020 Listed by Great Island Realty LLC $176,000
Listed by Great Island Realty LLC
Sep 30, 2020 Sold
Premium
Sold
Apr 14, 2011 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,248
  • Total Building Area: 1,258
  • Gross Building Area: 2,720
  • Building Area: 1,258
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,258
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • State Land Use Code: 101

Neighborhood

  • School District Name: Sanford
  • School Tax School District: SANFORD PS
  • Census Tract: 030102

Zoning

  • Zoning: GR

Geography

  • Parcel: SANF M:0J15 B:2
  • Block: 2
  • Municipality: SANFORD
  • Latitude: 43.4685
  • Longitude: -70.7944

    Address

  • Full Address: 28 Payne St
  • Address - House Number: 28
  • Address - Street Name: Payne
  • Address - Suffix Type: St
  • State: ME
  • City Name: Springvale
  • Carrier Code: C002
  • 4-Digit Zip Code: 1312
  • Zip Code: 04083

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $271,900

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 55
  • Final Value: 322,908
  • High Value: 422,319
  • Low Value: 223,496

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $179,600
  • Assessed Land Value: $31,100
  • Assessed Improvements Value: $148,500

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Sep 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 48804
  • Previous Sale Recording Date: Apr 14, 2011
  • Previous Sale Amount: $57,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Springvale

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$128

Below Asking

0.08%

Average Days on Market

149

Average Home Size

3915 ft²

Average Home Age

116.7 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Prime

Listed by: Jeanette Bandouveres, Great Island Realty LLC
Last Updated Date: 2020-11-23
Last Checked: 8 hours ago
Data Source: Prime MLS, MLS# 4839378
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 28 Payne Street built and last sold?
The property at 28 Payne Street was built in 1870 and last sold on Sep 30, 2020 for $175,100.
How much is this home worth?
The estimated value of the home located at 28 Payne Street is $0.
What are some comparable homes to 28 Payne Street?
There are currently no comparable homes to 28 Payne Street.
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