NOT LISTED FOR SALE

238 Elm St Biddeford, ME 04005

Estimated Value: $487,425 - $615,000

5 Beds
5 Baths
2,510 Sq Ft
$217/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $289,000 $115 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,381/month

36 Days on Market

Highlights

  • Colonial Architecture
  • Main Floor Bedroom
  • Porch
  • Wood Flooring
  • No HOA
  • Double Pane Windows

About This Home

As of October 2020

Fantastic value for a three unit building. Walk to Downtown. Unit A is 2 - 3 bedrooms, 1.5 baths townhouse; Unit B is 1 bedroom, 1 bath second floor unit. second floor; Unit C is 2 bedroom 1.5 bath townhouse.

Last Agent to Sell the Property

Jeffrey Davis

Town & Shore Real Estate Listed on: 07/24/2020

Last Buyer's Agent

Andrew Snyder

Regency Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,421

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Open Lot
  • Lot Has A Rolling Slope

Home Design

  • Colonial Architecture
  • New Englander Architecture
  • Victorian Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,510 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom

Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

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

Utilities

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

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 85
  • Assessor Parcel Number 238ElmStreetBiddefordME04005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $12,000
  • Gross Income $31,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,421

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Elm Street (Route 1) to #238 on the corner of Chadwick Place.
  • Above Grade Finished Sq Ft: 2510.0
  • Architectural Style: Colonial, New Englander, Victorian
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 2510.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: 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
  • Amenities:Laundry - Hookup: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 31800.0
  • Income Expenses Operating Expenses: 12000.0
  • Parking:On Site2: Yes
  • Style:Colonial: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Double Pane Windows: Yes
  • Water Info:Island3: No
  • Exterior:Aluminum Siding: Yes
  • Foundation Materials:Granite2: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Partial, Exterior Only
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 2

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Intown
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Stone, Granite, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 238ElmStreetBiddefordME04005
  • Zoning: OR

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 31800.0
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Annual Amount: 3421.0
  • Tax Book Number: 16427
  • Tax Lot: 85
  • Tax Map Number: 38
  • Tax Year: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Oct 8, 2020
Sold by
Traditionl Andrea Beecher
Bought by
Giannelli Andrea O
Seller's Agent
Jeffrey Davis
Town & Shore Real Estate
Buyer's Agent
Andrew Snyder
Regency Real Estate, Inc.
List Price
$319,000
Sold Price
$289,000
Premium/Discount to List
-$30,000
-9.4%
Current Estimated Value
$543,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,856
Avg. Annual Appreciation
13.86%
Original Mortgage
$231,200
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 15, 2012
Closed on
Oct 2, 2012
Sold by
Merrill Jay L
Bought by
Equity T Co
Seller's Agent
Terry Reager
Keller Williams Realty
Buyer's Agent
Susan Russell
Flynn & Company, Inc.
List Price
$110,000
Sold Price
$88,500
Premium/Discount to List
-$21,500
-19.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.86%

Purchase Details

Closed on
Apr 28, 2006
Sold by
Souliere Thomas E
Bought by
Merrill Jay L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,885
Interest Rate
6.4%
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
Giannelli Andrea O -- None Available
Equity T Co -- --
Merrill Jay L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giannelli Andrea O $350,000
Closed Giannelli Andrea O $233,625
Closed Giannelli Andrea O $231,200
Previous Owner Merrill Jay L $234,769
Previous Owner Merrill Jay L $239,885
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $289,000 -9.4% $115 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $319,000 +260.5% $127 / Sq Ft
09/28/2012 09/28/12 Sold $88,500 -19.5% $35 / Sq Ft
09/05/2012 09/05/12 Pending -- -- --
02/22/2012 02/22/12 For Sale $110,000 -- $44 / 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 $5,020 $353,000 $117,400 $235,600
2023 $4,972 $379,000 $146,700 $232,300
2022 $4,104 $250,100 $79,500 $170,600
2021 $3,901 $214,000 $65,100 $148,900
2020 $3,433 $171,200 $50,600 $120,600
2019 $3,421 $171,200 $50,600 $120,600
2018 $2,414 $171,200 $50,600 $120,600
2017 $2,612 $157,800 $50,600 $107,200
2016 $3,134 $157,800 $50,600 $107,200
2015 $3,072 $157,800 $50,600 $107,200
2014 $2,997 $157,800 $50,600 $107,200
2013 -- $206,200 $85,600 $120,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1461267

Maine Listings

APN: BIDD-000038-000000-000085