NOT LISTED FOR SALE

Estimated Value: $450,000 - $544,000

4 Beds
2 Baths
2,520 Sq Ft
$200/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $420,000 $167 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,086/month

3 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Corner Lot
  • Property is near public transit
  • Main Floor Bedroom
  • No HOA

About This Home

As of July 2021

Investor or Owner-Occupied Opportunity for turn-key multifamily home. Significant upgrades since 2017 include mini-splits for efficient heating/cooling. Heat pump water heater, renovated kitchens and baths. Dry, walk-out granite basement with workshop area, ample room for mechanicals with access to both units. Huge parking area in rear with detached garage/storage shed. Close to town, restaurants and High School. Short drive to Amtrak, I-95, beaches, boat launch, UNE and shopping. You and your tenants will enjoy the many amenities the area offers.

Last Agent to Sell the Property

Marie Burgie

EXP Realty Brokerage Phone: 207-967-9900 Listed on: 05/13/2021

EXP Realty

Co-Listed By

Michael Spenlinhauer

Keller Williams Realty Brokerage Phone: 207-967-9900

Last Buyer's Agent

Carrie Scoville Amy Foley

The Maine Real Estate Network

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,551

Year Built

  • Built in 1820

Lot Details

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

Parking

  • 1 Car Detached Garage
  • Driveway
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Flat Roof Shape
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property
  • Storm Windows

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access
  • Outbuilding
  • Enclosed Glass Porch

Location

  • Property is near public transit

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Not Available
  • Tankless Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number BIDD-000033-000000-000020

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $7,931
  • Gross Income $30,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,551

Year Built

Built in 1820

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1009
  • Co List Office Phone: 207-967-9900
  • MLS Status: Closed
  • Directions: Rt 1 (Elm St) in Biddeford to South St. house is directly across the intersection of May St and South St.
  • Above Grade Finished Sq Ft: 2520.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Efficiency: Water Heater
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built: 1820
  • Attribution Contact: 207-967-9900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.24
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2520.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: 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:Storage: Yes
  • Property Information:Garage Spaces: 1.0
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 30900.0
  • Income Expenses Operating Expenses: 7931.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Energy Efficiency:Tankless Water Heater: Yes
  • Utility Info Electric On Site: Yes
  • Water Heater:Tank: Yes
  • Water Heater:Heat Pump2: Yes
  • Foundation Materials:Granite2: Yes
  • Roof:Membrane: Yes
  • Location:Near Railroad: Yes
  • Roof:Flat: Yes
  • Roof:TarGravel: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Other Structures:Out Building: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Structure Type:Duplex3: Yes
  • Window Features Storm Windows2: Yes
  • Heat System:Zoned: Yes
  • Energy Efficiency Water Heater: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Tankless Water Heater
  • Other Equipment: Internet Access Available, Cable
  • Has Basement: Interior, Walk-Out Access, Full, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Tile, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Pantry, Shower, Storage
  • Window Features: Storm Window(s)
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Slab
  • Other Structures: Outbuilding
  • Patio And Porch Features: Glass Enclosed, Porch
  • Roof: Flat, Membrane, Tar/Gravel
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Assigned, 5 - 10 Spaces, Paved, On Site, Detached, Off Street
  • Parking Assigned: Yes

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Zoned, Heat Pump, Baseboard
  • Heating Yn: Yes
  • Electric: On Site, Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10454.4
  • Parcel #: BIDD-000033-000000-000020
  • Zoning: R2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30900.0
  • Annual Operating Expense: 7931.0

Tax Info

  • Tax Annual Amount: 3551.0
  • Tax Book Number: 17430
  • Tax Lot: 20
  • Tax Map Number: 33
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Jul 6, 2021
Sold by
Frazier Bradley
Bought by
Borelli Dominic R
Seller's Agent
Marie Burgie
EXP Realty
Buyer's Agent
Carrie Scoville Amy Foley
The Maine Real Estate Network
List Price
$375,000
Sold Price
$420,000
Premium/Discount to List
$45,000
12%
Current Estimated Value
$504,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,585
Avg. Annual Appreciation
7.31%
Original Mortgage
$378,000
Outstanding Balance
$346,672
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$218,894

Purchase Details

Listed on
Jan 17, 2017
Closed on
Mar 2, 2017
Sold by
Cote Micael W and Cote Diane E
Bought by
Frazier Bradley
Seller's Agent
Christian Steppe
Coldwell Banker Realty
Buyer's Agent
Meagan Smith
Portside Real Estate Group
List Price
$199,900
Sold Price
$187,500
Premium/Discount to List
-$12,400
-6.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.37%
Original Mortgage
$184,103
Interest Rate
4.09%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Borelli Dominic R -- None Available
Frazier Bradley -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Borelli Dominic R $378,000
Previous Owner Frazier Bradley $184,103
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $420,000 +12.0% $167 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $375,000 +100.0% $149 / Sq Ft
02/28/2017 02/28/17 Sold $187,500 -6.2% $74 / Sq Ft
01/22/2017 01/22/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $199,900 -- $79 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

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
2024 $5,054 $355,400 $146,600 $208,800
2023 $4,587 $349,600 $144,000 $205,600
2022 $3,881 $236,500 $81,100 $155,400
2021 $3,715 $203,800 $68,700 $135,100
2020 $3,551 $177,100 $62,400 $114,700
2019 $3,538 $177,100 $62,400 $114,700
2018 $3,489 $177,100 $62,400 $114,700
2017 $3,460 $172,400 $62,400 $110,000
2016 $3,424 $172,400 $62,400 $110,000
2015 $3,357 $172,400 $62,400 $110,000
2014 $3,274 $172,400 $62,400 $110,000
2013 -- $188,400 $74,000 $114,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1491489

Maine Listings

APN: BIDD-000033-000000-000020