NOT LISTED FOR SALE

23 Lambert St Biddeford, ME 04005

Estimated Value: $545,000 - $606,000

6 Beds
3 Baths
2,400 Sq Ft
$236/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $360,000 $150 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,627/month

6 Days on Market

Highlights

  • Public Beach
  • Wood Flooring
  • Landscaped
  • Country Club
  • No HOA
  • Hot Water Heating System

About This Home

As of September 2020

Opportunity awaits! This well maintained 3-unit apartment building in the heart of Biddeford. Walk to your local diner, shop in the business district, easily commute to work, take the kids to the park or fishing hole, or enjoy many of the other things this historic town has to offer. This building comes with a great layout, inviting yard, and comfortable dwellings which have been cared for by the same tenants for many years. This multi-unit sits quietly on Lambert St., but will provide close access to anything the heart desires! With multiple long term tenants in place, amazing location, and a growing market you will not want to sit on this investment!

Last Listed By

Andrew Nash

Maine Real Estate Experts Listed on: 07/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,946

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Public Beach
  • Landscaped
  • Open Lot

Home Design

  • Wood Frame Construction
  • Tar and Gravel Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,400 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate

Unfinished Basement

  • Exterior Basement Entry
  • Dirt Floor
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 237
  • Assessor Parcel Number BIDD-000034-000000-000237

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $10,132
  • Gross Income $36,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,946

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • MLS Status: Closed
  • Directions: Route 111 South on Birch st, take left onto Lambert St. Building 23 is on the left
  • Above Grade Finished Sq Ft: 2400.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.24
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2400.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Site:Well Landscaped: 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:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 36300.0
  • Income Expenses Operating Expenses: 10132.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Basement:Crawl Space: Yes
  • Basement:Dirt Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Location:Near Country Club: Yes
  • Basement Entry:Exterior Only: Yes
  • Roof:TarGravel: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Dirt Floor, Crawl Space, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Laminate, Carpet

Exterior Features

  • Lot Features: Open Lot, Sidewalks, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Tar/Gravel

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10454.4
  • Parcel #: BIDD-000034-000000-000237
  • Zoning: R2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 36300.0
  • Annual Operating Expense: 10132.0

Tax Info

  • Tax Annual Amount: 3946.0
  • Tax Book Number: 9364
  • Tax Lot: 237
  • Tax Map Number: 34
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Sep 9, 2020
Sold by
Robitaille Ricky P
Bought by
Grandmaison Rene J
Seller's Agent
Andrew Nash
Maine Real Estate Experts
Buyer's Agent
Roz Anton
Agency 1 Real Estate
List Price
$330,000
Sold Price
$360,000
Premium/Discount to List
$30,000
9.09%
Total Days on Market
6
Current Estimated Value
$566,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,639
Avg. Annual Appreciation
10.18%
Original Mortgage
$150,000
Outstanding Balance
$134,617
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$432,022

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
Grandmaison Rene J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grandmaison Rene J $150,000
Previous Owner Robitaille Ricky P $150,900
Previous Owner Robitaille Ricky P $185,000
Previous Owner Robitaille Ricky P $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2020 09/09/20 Sold $360,000 +9.1% $150 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $330,000 -- $138 / 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 $5,833 $410,200 $146,600 $263,600
2023 $5,299 $403,900 $144,000 $259,900
2022 $4,465 $272,100 $81,100 $191,000
2021 $4,291 $235,400 $68,700 $166,700
2020 $3,469 $197,500 $62,400 $135,100
2019 $3,946 $197,500 $62,400 $135,100
2018 $3,891 $197,500 $62,400 $135,100
2017 $3,665 $182,600 $62,400 $120,200
2016 $3,626 $182,600 $62,400 $120,200
2015 $3,361 $182,600 $62,400 $120,200
2014 $3,278 $182,600 $62,400 $120,200
2013 -- $205,200 $74,000 $131,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1461168

Maine Listings

APN: BIDD-000034-000000-000237