NOT LISTED FOR SALE

18 Fall St Biddeford, ME 04005

Estimated Value: $600,000 - $655,208

5 Beds
3 Baths
3,270 Sq Ft
$192/Sq Ft Est. Value

Sale Details

Date Sold: July 10, 2023

Last sale price $573,500 $175 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,985 / mo

4 Days on Market

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 2023

Are 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 Agent to Sell the Property

Richard Natoli

Kennebunk Beach Realty Listed on: 06/04/2023

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

  • 13,068 Sq Ft 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

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $18,919
  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,213

Year Built

Built in 1900

Lot Details

0.3 Acres

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main Street to Alfred Street, Left on Birch Street, Right on Foss Street, Left on Fall Street to #18.
  • Above Grade Finished Sq Ft: 3270.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 164.83
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.3
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3270.0
  • Property Information:Garage: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Water Heater:Tankless: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 33600.0
  • Income Expenses Operating Expenses: 18919.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Water Info:Island3: No
  • Exterior:Aluminum Siding: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Parking:On Street: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Advertising Remarks:Advertising Remarks: Are 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.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Partial, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Tile, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower, Walk-In Closet(s)
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Neighborhood, Shopping Mall, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Aluminum Siding, Wood Frame
  • Foundation Details: Granite, Other, Brick/Mortar
  • Patio And Porch Features: Glass Enclosed, Patio, Porch
  • Roof: Composition
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site, Detached, On Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Biddeford Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13068.0
  • Parcel #: BIDD-000035-000000-000040
  • Zoning: R2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33600.0
  • Annual Operating Expense: 18919.0

Tax Info

  • Tax Annual Amount: 5213.0
  • Tax Lot: 40
  • Tax Year: 2022

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
Jun 4, 2023
Closed on
Jul 10, 2023
Sold by
Bought by
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
$628,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,302
Avg. Annual Appreciation
3.17%
Original Mortgage
$458,800
Outstanding Balance
$445,017
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$183,785

Purchase Details

Listed on
Dec 21, 2016
Closed on
Feb 17, 2017
Sold by
Bought by
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
Bought by
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
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
$123,500
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$573,500 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 $458,800
Previous Owner $250,381
Previous Owner $164,250
Previous Owner $123,500
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
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

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 $7,138 $477,800 $142,800 $335,000
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

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Map

Source: Maine Listings

MLS Number: 1561118

Maine Listings

APN: BIDD-000035-000000-000040

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