O
Seller's Agent in 2022
Owen Seekamp
Harborview Properties, Inc.
(207) 756-5157
3 in this area
21 Total Sales
138 Summer St Biddeford, ME 04005
Estimated Value: $574,000 - $719,000
6
Beds
4
Baths
2,362
Sq Ft
$270/Sq Ft
Est. Value
Highlights
- Public Beach
- Deck
- Wood Flooring
- Cape Cod Architecture
- Property is near public transit
- No HOA
About This Home
As of March 2022Looking for a way to live for free in extremely desirable southern Maine? Perhaps you're in the market for a property with a proven track record of incredible cash flow? This 3 unit in a quiet neighborhood in one of Maine's most up and coming cities has undergone many renovations and improvements. Rents are market rate with room to grow. Many new windows, new oil tank, new water heater, new thermostat, and expanded driveway. This property features a 4 bedroom 2 bathroom unit and two 1 bedroom 1 bathroom units, all with a very chic aesthetic and in tremendous demand. Plenty of yard space, and two separate driveways with ample parking. Minutes away from UNE, Biddeford Pool, beaches, fabulous restaurants, grocery stores, and the highway. When the wind is just right, smell the salty ocean air walking out of your massive townhouse style unit as your tenants pay your mortgage in rapidly appreciating southern Maine: the embodiment of 'the way life should be'. offers due by Tuesday at 12 noon
Last Buyer's Agent
Craig Priestly
EXP Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,808
Year Built
- Built in 1880
Lot Details
- 0.43 Acre Lot
- Public Beach
- Open Lot
- Lot Has A Rolling Slope
Home Design
- 2,362 Sq Ft Home
- Cape Cod Architecture
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Flooring
- Wood
- Tile
- Vinyl
Basement
- Interior Basement Entry
- Sump Pump
- Dirt Floor
- Crawl Space
Parking
- Driveway
- Paved Parking
Outdoor Features
- Deck
- Shed
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Gas
- Heating System Uses Propane
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
Additional Features
- 4 Full Bathrooms
- Washer and Dryer Hookup
- Property is near public transit
Listing and Financial Details
- Tax Lot 25
- Assessor Parcel Number BIDD-000035-000000-000025
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $11,162
- Gross Income $51,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 21, 2022
Closed on
Mar 25, 2022
Sold by
Lusardi Sasha and Lusardi Joseph
Bought by
Ngarambe Christian
Seller's Agent
Owen Seekamp
Harborview Properties, Inc.
Buyer's Agent
Craig Priestly
EXP Realty
List Price
$449,000
Sold Price
$502,000
Premium/Discount to List
$53,000
11.8%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,668
Avg. Annual Appreciation
6.27%
Original Mortgage
$492,907
Outstanding Balance
$459,961
Interest Rate
4.42%
Mortgage Type
FHA
Estimated Equity
$176,707
Purchase Details
Listed on
Jun 1, 2019
Closed on
Aug 13, 2019
Sold by
Dupuis Jason T and Dupuis Jonathan W
Bought by
Georges Sasha C and Lusardi Joseph
Seller's Agent
Matthew Vire
Coldwell Banker Realty
Buyer's Agent
Tyler Hall
Keller Williams Realty
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.82%
Original Mortgage
$265,109
Interest Rate
3.7%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 23, 2010
Sold by
Department Of Housing & Urban Dev
Bought by
Dupuis Jason T and Dupuis Jonathan W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.37%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 26, 2010
Sold by
Wells Fargo Bank Na
Bought by
Department Of Housing & Urban Dev
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ngarambe Christian | $502,000 | None Available | |
| Georges Sasha C | -- | -- | |
| Dupuis Jason T | $58,500 | -- | |
| Department Of Housing & Urban Dev | -- | -- | |
| Wells Fargo Bank Na | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ngarambe Christian | $492,907 | |
| Previous Owner | Georges Sasha C | $265,109 | |
| Previous Owner | Wells Fargo Bank Na | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/25/2022 03/25/22 | Sold | $502,000 | +11.8% | $213 / Sq Ft | |
| 01/25/2022 01/25/22 | Pending | -- | -- | -- | |
| 01/21/2022 01/21/22 | For Sale | $449,000 | +66.3% | $190 / Sq Ft | |
| 08/14/2019 08/14/19 | Sold | $270,000 | -1.8% | $114 / Sq Ft | View Prior Sale |
| 06/21/2019 06/21/19 | Pending | -- | -- | -- | |
| 06/01/2019 06/01/19 | For Sale | $275,000 | -- | $116 / Sq Ft |
Source: Maine Listings
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,338 | $424,200 | $164,500 | $259,700 |
| 2024 | $5,964 | $419,400 | $164,500 | $254,900 |
| 2023 | $5,416 | $412,800 | $161,500 | $251,300 |
| 2022 | $4,101 | $249,900 | $90,800 | $159,100 |
| 2021 | $3,940 | $216,100 | $76,800 | $139,300 |
| 2020 | $3,677 | $183,400 | $69,900 | $113,500 |
| 2019 | $3,664 | $183,400 | $69,900 | $113,500 |
| 2018 | $3,613 | $183,400 | $69,900 | $113,500 |
| 2017 | $3,436 | $171,200 | $69,900 | $101,300 |
| 2016 | $3,400 | $171,200 | $69,900 | $101,300 |
| 2015 | $3,333 | $171,200 | $69,900 | $101,300 |
| 2014 | $3,251 | $171,200 | $69,900 | $101,300 |
| 2013 | -- | $219,100 | $78,300 | $140,800 |
Source: Public Records
Agents Affiliated with this Home
-
Owen Seekamp
-
C
Buyer's Agent in 2022
Craig Priestly
EXP Realty
-
M
Seller's Agent in 2019
Matthew Vire
Coldwell Banker Realty
-
Christian Steppe
C
Seller Co-Listing Agent in 2019
Christian Steppe
Coldwell Banker Realty
(207) 282-5988
24 Total Sales
-
T
Buyer's Agent in 2019
Tyler Hall
Keller Williams Realty
Map
Source: Maine Listings
MLS Number: 1518318
APN: BIDD-000035-000000-000025
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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