2 TERRACE CIRCLE
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Location
2 TERRACE CIRCLE
Mblu
22/8 136/ / /
Acct#
7649
Owner
HOUSING INITIATIVES OF NEW ENGLAND
Total Market Value
$7,648,200
Appraisal
$7,648,200
PID
1963
Building Count
6
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$6,758,800$889,400$7,648,200
Assessment
Valuation YearImprovementsLandTotal
2026$6,758,800$889,400$7,648,200

Owner of Record
OwnerHOUSING INITIATIVES OF NEW ENGLAND
Co-OwnerC/O CYNTHIA MILLIKEN TAYLOR
Address264 US ROUTE 1
BUILDING 300 SUITE 2A
SCARBOROUGH, ME 04074
Sale Price$1,000,000
Certificate
Book & Page 6631/0760
Sale Date05/10/2002
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
HOUSING INITIATIVES OF NEW ENGLAND$1,000,000 6631/07600005/10/2002
HOUSING INITIATIVES OF NEW ENG$840,000 5405/0156 01/25/1993

Building Information
Building 1 : Section 1
Year Built: 1980
Living Area: 3,385
Replacement Cost: $818,027
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$687,100
Building Attributes
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage
Stories:1
Occupancy6.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeHot Water
AC TypeNone
Bldg UseHSNG AUTH
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9080
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,385 3,385
FEPPorch, Encl, Finished 441 0
USTUtility, Storage, Unfinished 200 0
   4,026 3,385
Building 2 : Section 1
Year Built: 1980
Living Area: 3,415
Replacement Cost: $814,588
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$684,300
Building Attributes : Bldg 2 of 6
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage
Stories:1
Occupancy6.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeHot Water
AC TypeNone
Bldg UseHSNG AUTH
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9080
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,415 3,415
FEPPorch, Encl, Finished 441 0
   3,856 3,415
Building 3 : Section 1
Year Built: 1980
Living Area: 3,360
Replacement Cost: $813,792
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$683,600
Building Attributes : Bldg 3 of 6
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage
Stories:1
Occupancy6.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeHot Water
AC TypeNone
Bldg UseHSNG AUTH
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9080
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,360 3,360
FEPPorch, Encl, Finished 441 0
USTUtility, Storage, Unfinished 200 0
   4,001 3,360
Building 4 : Section 1
Year Built: 1980
Living Area: 3,360
Replacement Cost: $805,602
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$676,700
Building Attributes : Bldg 4 of 6
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage
Stories:1
Occupancy6.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeHot Water
AC TypeNone
Bldg UseHSNG AUTH
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9080
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,360 3,360
FEPPorch, Encl, Finished 441 0
   3,801 3,360
Building 5 : Section 1
Year Built: 1980
Living Area: 1,026
Replacement Cost: $184,860
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$155,300
Building Attributes : Bldg 5 of 6
FieldDescription
Style:Commercial
ModelCommercial
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseHSNG AUTH
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9080
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 1,026 1,026
USTUtility, Storage, Unfinished 114 0
WDKDeck, Wood 128 0
   1,268 1,026
Building 6 : Section 1
Year Built: 2002
Living Area: 21,649
Replacement Cost: $4,295,666
Building Percent Good: 86
Replacement Cost
Less Depreciation:
$3,694,300
Building Attributes : Bldg 6 of 6
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage +10
Stories:2
Occupancy24.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeHot Water
AC TypeNone
Bldg UseHSNG AUTH
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9080
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 11,512 11,512
FUSUpper Story, Finished 9,162 9,162
TQSThree Quarter Story 1,300 975
FOPPorch, Open, Finished 104 0
   22,078 21,649

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
FPL4GAS FIREPLACE1.00 UNITS$3,9006
SPR1SPRINKLERS-WET21714.00 S.F.$74,7006
ELVElevator1.00 STOPS$12,9006

Land
Land Use
Use Code9080
DescriptionHSNG AUTH  
ZoneMUZD
Neighborhood5000
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)19
Frontage0
Depth0
Total Market Land$889,400
Appraised Value$889,400

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  28000.00 S.F.$84,0001
SHD1SHED FRAME  133.00 S.F.$2,0001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$4,609,900$805,600$5,415,500
2024$4,609,900$805,600$5,415,500
2023$4,609,900$805,600$5,415,500

Assessment
Valuation YearImprovementsLandTotal
2025$4,609,900$805,600$5,415,500
2024$4,609,900$805,600$5,415,500
2023$4,609,900$805,600$5,415,500

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