NOT LISTED FOR SALE

2 Banks Ln Biddeford, ME 04005

Estimated Value: $391,894 - $413,000

3 Beds
1 Bath
1,026 Sq Ft
$390/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $321,000 $313 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,427/month

12 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Living Room
  • Corner Lot
  • 1 Car Direct Access Garage
  • Baseboard Heating

About This Home

As of September 2022

Welcome to 2 Banks Lane in Biddeford. This quaint 1960's ranch offers 1 level-living with it's 3 bedrooms, 1 bathroom and ''working-kitchen'' that includes all existing appliances. The home has been well-maintained and features an efficient, low-cost natural gas heating system. The home is situated on a corner lot, very close to all that downtown Biddeford has to offer, fantastic restaurants, shops and transportation. Don't miss this opportunity!

Last Agent to Sell the Property

Alexcia Smith

Maine Real Estate Co Brokerage Phone: 207-282-5988 Listed on: 07/14/2022

Last Buyer's Agent

Janice Pompe John Lesser

Bean Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,977

Year Built

  • Built in 1961

Lot Details

  • 5,663 Sq Ft Lot
  • Property fronts a private road
  • Corner Lot
  • Property is zoned r2

Parking

  • 1 Car Direct Access Garage
  • Driveway

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,026 Sq Ft Home
  • Living Room

Kitchen

  • Electric Range
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 125
  • Assessor Parcel Number BIDD-000037-000000-000125

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,977

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Road Frontage Type: Private
  • MLS Status: Closed
  • Directions: Maine St, to Harvey St, right on W Cutts St, left on Banks Lane house is on corner, sign on property.
  • Above Grade Finished Sq Ft: 1026.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1961
  • Attribution Contact: 207-282-5988
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1026.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 1.0
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:One-Floor Living: Yes
  • Vehicle Storage:_one_ Car: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Style:Ranch: Yes
  • Kitchen Countertop:Formica: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Heater:Tank: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer
  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: One-Floor Living
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Corner Lot, Intown, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Inside Entrance

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: BIDD-000037-000000-000125
  • Zoning: r2

Tax Info

  • Tax Annual Amount: 2977.0
  • Tax Lot: 125
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Sep 14, 2022
Sold by
Roberts Angel A
Bought by
Oliveira Nilton and Oliveira Joao Ibrain
Seller's Agent
Alexcia Smith
Maine Real Estate Co
Buyer's Agent
Janice Pompe John Lesser
Bean Group
List Price
$299,900
Sold Price
$321,000
Premium/Discount to List
$21,100
7.04%
Current Estimated Value
$399,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,974
Avg. Annual Appreciation
7.19%
Original Mortgage
$315,185
Outstanding Balance
$300,484
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$99,490

Purchase Details

Closed on
May 13, 2009
Sold by
Citimortgage Inc
Bought by
Federal National Mortgage Association
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
Oliveira Nilton $321,000 None Available
Federal National Mortgage Association -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oliveira Nilton $315,185
Previous Owner Federal National Mortgage Association $118,320
Previous Owner Federal National Mortgage Association $188,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2022 09/14/22 Sold $321,000 +7.0% $313 / Sq Ft
07/27/2022 07/27/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $299,900 -- $292 / 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 $3,832 $269,500 $131,200 $138,300
2023 $3,536 $269,500 $131,200 $138,300
2022 $3,169 $193,100 $66,900 $126,200
2021 $2,977 $163,300 $55,800 $107,500
2020 $2,929 $146,100 $47,400 $98,700
2019 $2,919 $146,100 $47,400 $98,700
2018 $2,878 $146,100 $47,400 $98,700
2017 $2,669 $133,000 $47,400 $85,600
2016 $2,641 $133,000 $47,400 $85,600
2015 $2,590 $133,000 $47,400 $85,600
2014 $2,526 $133,000 $47,400 $85,600
2013 -- $142,400 $50,100 $92,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1536403

Maine Listings

APN: BIDD-000037-000000-000125