Melinda Torrens
Epique Realty
(833) 268-6193
29 Total Sales
1 in Downtown Biddeford
$500,000 Price
159 Elm St Biddeford, ME 04005
Downtown Biddeford Neighborhood
--
Bed
17
Baths
11,650
Sq Ft
10,019
Sq Ft Lot
Highlights
- Colonial Architecture
- Storage
- Hot Water Heating System
- No HOA
- Property is near shops
- 5 Car Garage
About This Home
As of May 2023Turn key 16 unit mixed use building located in the heart of Biddeford which is one of Maine's fastest growing cities! This building offers (7) - 1 bedrooms, (7) - 2 Bedrooms, (1) -3 bedroom + (1) leased commercial garage space & office + 9 +/- parking spaces. All units have been updated including new flooring, granite, paint, bathrooms, + Wi-Fi camera/surveillance & fire suppression system! Please don't miss the opportunity to own an easy to manage building close to everything!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,052
Year Built
- Built in 1900
Lot Details
- 10,019 Sq Ft Lot
- Level Lot
- Open Lot
Parking
- 5 Car Garage
- Driveway
- Off-Street Parking
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Shingle Roof
- Composition Roof
- Fiberglass Roof
- Masonry
Interior Spaces
- 11,650 Sq Ft Home
- 2-Story Property
- Storage
- Carpet
- Unfinished Basement
Location
- Property is near shops
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Hot Water Heating System
- Gas Water Heater
Listing and Financial Details
- Tax Lot 145
- Assessor Parcel Number BIDD-000038-000000-000145
Community Details
Overview
- No Home Owners Association
- 16 Units
- The community has rules related to deed restrictions
Amenities
- Community Storage Space
Building Details
- Operating Expense $91,672
- Gross Income $272,364
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2023
Closed on
May 1, 2023
Sold by
Bought by
Seller's Agent
Thomas Gadbois
F.O. Bailey Real Estate
Buyer's Agent
Chris Sullivan
Vitalius Real Estate Group, LLC
List Price
$2,560,000
Sold Price
$2,300,000
Premium/Discount to List
-$260,000
-10.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,725,500
Outstanding Balance
$1,661,042
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 12, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,070,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jun 22, 2017
Closed on
Feb 5, 2018
Sold by
Bought by
Seller's Agent
Cheri Bonawitz
Cardente Real Estate, LLC
Buyer's Agent
Thomas Gadbois
F.O. Bailey Real Estate
List Price
$1,105,000
Sold Price
$925,000
Premium/Discount to List
-$180,000
-16.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 2, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,750
Interest Rate
3.83%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Biddeford, ME
-
Melinda Torrens
-
Tom Landry
Tom Landry
Benchmark Real Estate
(207) 560-4900
321 Total Sales
1 in Downtown Biddeford
$514,000 Price
-
Thomas Gadbois
Thomas Gadbois
F.O. Bailey Real Estate
(207) 560-4919
139 Total Sales
6 in Downtown Biddeford
$675K - $2.3M Price Range
-
Roslind Anton
Roslind Anton
EXP Realty
(207) 503-3755
167 Total Sales
3 in Downtown Biddeford
$265K - $500K Price Range
-
Pressley Lawrence
Pressley Lawrence
Ferraro Realty LLC
(207) 705-0661
41 Total Sales
1 in Downtown Biddeford
$235,500 Price
-
Julie Rosenthal
Julie Rosenthal
Portside Real Estate Group
(207) 503-2620
129 Total Sales
2 in Downtown Biddeford
$280K - $718K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,300,000 | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $100,000 | ||
| Closed | $100,000 | ||
| Open | $200,000 | ||
| Open | $1,725,500 | ||
| Previous Owner | $1,070,000 | ||
| Previous Owner | $122,000 | ||
| Previous Owner | $693,750 | ||
| Previous Owner | $32,750 | ||
| Previous Owner | $392,750 | ||
| Closed | $268,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/01/2023 05/01/23 | Sold | $2,300,000 | -10.2% | $197 / Sq Ft | |
| 02/27/2023 02/27/23 | Pending | -- | -- | -- | |
| 02/17/2023 02/17/23 | For Sale | $2,560,000 | +176.8% | $220 / Sq Ft | |
| 02/02/2018 02/02/18 | Sold | $925,000 | -16.3% | $86 / Sq Ft | View Prior Sale |
| 11/29/2017 11/29/17 | Pending | -- | -- | -- | |
| 06/22/2017 06/22/17 | For Sale | $1,105,000 | -- | $102 / Sq Ft |
Source: Maine Listings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $24,283 | $1,625,400 | $358,900 | $1,266,500 |
| 2024 | $22,766 | $1,601,000 | $358,900 | $1,242,100 |
| 2023 | $21,005 | $1,601,000 | $358,900 | $1,242,100 |
| 2022 | $16,052 | $978,200 | $247,700 | $730,500 |
| 2021 | $15,000 | $822,800 | $202,600 | $620,200 |
| 2020 | $13,522 | $674,400 | $157,600 | $516,800 |
| 2019 | $13,475 | $674,400 | $157,600 | $516,800 |
| 2018 | $13,286 | $674,400 | $157,600 | $516,800 |
| 2017 | $11,542 | $575,100 | $157,600 | $417,500 |
| 2016 | $9,314 | $469,000 | $157,600 | $311,400 |
| 2015 | $9,131 | $469,000 | $157,600 | $311,400 |
| 2014 | -- | $469,000 | $157,600 | $311,400 |
| 2013 | -- | $590,000 | $221,400 | $368,600 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Gadbois
Seller's Agent in 2023
Thomas Gadbois
F.O. Bailey Real Estate
(207) 409-8339
6 in this area
139 Total Sales
-
Chris Sullivan
Buyer's Agent in 2023
Chris Sullivan
Vitalius Real Estate Group, LLC
(207) 730-0884
4 in this area
123 Total Sales
-
C
Seller's Agent in 2018
Cheri Bonawitz
Cardente Real Estate, LLC
-
K
Seller Co-Listing Agent in 2018
Karen Rich
Cardente Real Estate, LLC
Map
Source: Maine Listings
MLS Number: 1552583
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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