R
Seller's Agent in 2023
Richard Natoli
Kennebunk Beach Realty
(207) 251-6330
2 in this area
11 Total Sales
18 Fall St Biddeford, ME 04005
Estimated Value: $619,000 - $685,593
5
Beds
3
Baths
3,270
Sq Ft
$197/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Property is near golf course, public transit, and shops
- New Englander Architecture
- Public Beach
- Wood Flooring
- Main Floor Bedroom
About This Home
As of July 2023Are you in search of an investment opportunity? Look no further! This 3-unit building is located in a fantastic neighborhood and is well-maintained and managed. The property boasts a solid rental history and features a newer on-demand hot water system. Additionally, two of the units have laundry facilities. Enjoy the large, sunny lot with yard and patio area, as well as the enclosed porch in Unit #1. The property includes a detached garage and ample parking space in the driveway. Each unit has a separate entrance and is well laid out and spacious. With the potential for income generation through owner occupancy or renting all three units, this property is a great investment. Located close to town amenities, this property is truly a wonderful opportunity. Unit #3 was owner occupied.
Last Buyer's Agent
Meghan Kennerly
U&R Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,213
Year Built
- Built in 1900
Lot Details
- 0.3 Acre Lot
- Public Beach
Parking
- 2 Car Detached Garage
- Common or Shared Parking
- Shared Driveway
- On-Street Parking
Home Design
- New Englander Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Composition Roof
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 3,270 Sq Ft Home
- Multi-Level Property
- Laundry on main level
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- Main Floor Bedroom
- Walk-In Closet
- 3 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Basement Fills Entire Space Under The House
- Partial Basement
- Interior Basement Entry
Outdoor Features
- Nearby Water Access
- Patio
- Enclosed Glass Porch
Location
- Property is near golf course, public transit, and shops
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Hot Water Heating System
- Tankless Water Heater
- Gas Water Heater
- Internet Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 40
- Assessor Parcel Number BIDD-000035-000000-000040
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $18,919
- Gross Income $33,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 4, 2023
Closed on
Jul 10, 2023
Sold by
Swain Robert M
Bought by
Tomai John B and Booth Jane R
Seller's Agent
Richard Natoli
Kennebunk Beach Realty
Buyer's Agent
Meghan Kennerly
U&R Real Estate
List Price
$539,000
Sold Price
$573,500
Premium/Discount to List
$34,500
6.4%
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
$109,671
Avg. Annual Appreciation
4.67%
Original Mortgage
$458,800
Outstanding Balance
$447,401
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$195,997
Purchase Details
Listed on
Dec 21, 2016
Closed on
Feb 17, 2017
Sold by
Lamb John R
Bought by
Swain Robert M
Seller's Agent
Scott Sanford
Scott Sanford Realty
Buyer's Agent
Randy Ferrell
Ocean Gate Realty, LLC.
List Price
$247,000
Sold Price
$255,000
Premium/Discount to List
$8,000
3.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.50%
Original Mortgage
$250,381
Interest Rate
4.2%
Mortgage Type
FHA
Purchase Details
Listed on
Jul 16, 2014
Closed on
Sep 22, 2014
Sold by
Labelle Roland L and Labelle Jaime M
Bought by
Lamb John R
Seller's Agent
Ben Poirier
RE/MAX Coastal
Buyer's Agent
Scott Sanford
Lucas Real Estate
List Price
$219,500
Sold Price
$219,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.42%
Original Mortgage
$164,250
Interest Rate
4.14%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 2, 2011
Sold by
Labelle Cynthia A and Labelle Linda L
Bought by
Labelle Jaime M and Labelle Roland L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,500
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tomai John B | $573,500 | None Available | |
| Swain Robert M | -- | -- | |
| Lamb John R | -- | -- | |
| Labelle Jaime M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tomai John B | $458,800 | |
| Previous Owner | Swain Robert M | $250,381 | |
| Previous Owner | Lamb John R | $164,250 | |
| Previous Owner | Labelle Jaime M | $123,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/10/2023 07/10/23 | Sold | $573,500 | +6.4% | $175 / Sq Ft | |
| 06/08/2023 06/08/23 | Pending | -- | -- | -- | |
| 06/04/2023 06/04/23 | For Sale | $539,000 | +111.4% | $165 / Sq Ft | |
| 02/14/2017 02/14/17 | Sold | $255,000 | +3.2% | $78 / Sq Ft | View Prior Sale |
| 12/29/2016 12/29/16 | Pending | -- | -- | -- | |
| 12/20/2016 12/20/16 | For Sale | $247,000 | +12.5% | $76 / Sq Ft | |
| 09/19/2014 09/19/14 | Sold | $219,500 | 0.0% | $60 / Sq Ft | View Prior Sale |
| 08/18/2014 08/18/14 | Pending | -- | -- | -- | |
| 07/16/2014 07/16/14 | For Sale | $219,500 | -- | $60 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $6,706 | $471,600 | $142,800 | $328,800 |
| 2023 | $6,128 | $467,100 | $142,800 | $324,300 |
| 2022 | $5,213 | $317,700 | $77,600 | $240,100 |
| 2021 | $5,017 | $275,200 | $64,700 | $210,500 |
| 2020 | $4,716 | $226,800 | $55,000 | $171,800 |
| 2019 | $4,531 | $226,800 | $55,000 | $171,800 |
| 2018 | $4,468 | $226,800 | $55,000 | $171,800 |
| 2017 | $3,747 | $186,700 | $55,000 | $131,700 |
| 2016 | $3,708 | $186,700 | $55,000 | $131,700 |
| 2015 | $3,635 | $186,700 | $55,000 | $131,700 |
| 2014 | $3,545 | $186,700 | $55,000 | $131,700 |
| 2013 | -- | $218,400 | $75,400 | $143,000 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Natoli
-
M
Buyer's Agent in 2023
Meghan Kennerly
U&R Real Estate
-
Meghan Glover
M
Buyer's Agent in 2023
Meghan Glover
Down To Earth Real Estate
(484) 432-0067
2 in this area
47 Total Sales
-
Scott Sanford
S
Seller's Agent in 2017
Scott Sanford
Scott Sanford Realty
(207) 653-6104
2 in this area
54 Total Sales
-
R
Buyer's Agent in 2017
Randy Ferrell
Ocean Gate Realty, LLC.
-
B
Seller's Agent in 2014
Ben Poirier
RE/MAX
Map
Source: Maine Listings
MLS Number: 1561118
APN: BIDD-000035-000000-000040
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