$890,000
SOLD OCT 31, 2019

100 Summer St Biddeford, ME 04005

-- Bed
12 Baths
8,604 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$103 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Screened Porch
  • Property is near public transit
  • No HOA
  • Shed

About This Home

As of October 2022

12 Unit Apartment Complex with off street parking. This property consists of two 6 unit buildings that abut each other.These 1 bedroom units with an added office & closet have hardwood flooring through out both buildings. Front & Rear Egress stairways are all inside the buildings (no snow shoveling).Each unit has a long two car parking stall, parking behind each other.See attached parking diagram. This is a well maintained building with completely upgraded electrical. Both furnaces were installed in 2007 approximately. Both rubber roofs were installed in 2005 approximately. Most of the rentals are below market rate & should be increased.Income & Expense Sheet attached.This building is worth looking at!

Last Agent to Sell the Property

David Trottier

Realty Sales Inc Listed on: 07/21/2019

Last Buyer's Agent

Cheri Bonawitz

Malone Commercial Brokers, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,393

Year Built

  • Built in 1920

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Membrane Roofing
  • Wood Siding

Interior Spaces

  • 12 Full Bathrooms
  • 8,604 Sq Ft Home
  • 3-Story Property
  • Screened Porch
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Legal Lot and Block 0 & 1 / 35
  • Assessor Parcel Number 100-104SummerBiddeford04005

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • Operating Expense $42,138
  • Gross Income $127,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,393

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • MLS Status: Closed
  • Directions: From Birch Street (Red Rocket Variety), turn onto Summer Street. 100-104 will be on the right hand side. Two gray buildings, side by side.
  • Above Grade Finished Sq Ft: 8604.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.24
  • Property Information:Total Baths: 12.0
  • Property Information:SqFt Finished Above Grade: 8604.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Laundry - Hookup: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 12
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 127200.0
  • Income Expenses Operating Expenses: 42138.0
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Parking:Paved3: Yes
  • Roof:Membrane: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 3
  • Roof:TarGravel: Yes
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 12
  • Fireplace: No
  • Flooring: Wood, Tile
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Screened
  • Roof: Flat, Membrane, Tar/Gravel
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 21+ Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10454.4
  • Parcel #: 100-104SummerBiddeford04005
  • Zoning: R2

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 127200.0
  • Annual Operating Expense: 42138.0

Tax Info

  • Tax Annual Amount: 12393.0
  • Tax Block: 35
  • Tax Book Number: 15841
  • Tax Lot: 0 & 1
  • Tax Map Number: 35
  • Tax Year: 2019

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2022 10/07/22 Sold $1,850,000 -7.5% $215 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $2,000,000 +124.7% $232 / Sq Ft
10/31/2019 10/31/19 Sold $890,000 -1.0% $103 / Sq Ft
07/29/2019 07/29/19 Pending -- -- --
07/21/2019 07/21/19 For Sale $899,000 -- $104 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1425717

Maine Listings