NOT LISTED FOR SALE

256 Elm St Biddeford, ME 04005

Estimated Value: $515,000 - $673,000

4 Beds
2 Baths
3,285 Sq Ft
$182/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $400,000 $122 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,821/month

5 Days on Market

Highlights

  • In Ground Pool
  • Cape Cod Architecture
  • Main Floor Bedroom
  • Scenic Views
  • Wood Flooring
  • 1 Fireplace

About This Home

As of June 2021

Perfect owner-occupant opportunity!! This well maintained property offers 2 units, both containing 3 bedrooms and 1 full bath each. The owner's unit features hardwood floors, a gas- range, and an outdoor patio and bar by the in-ground pool! A first floor bedroom is situated in the owners unit with the option to conjoin the 2 units if desired in the future. The tenant's unit is nicely renovated and also does includes some living furniture, a king bed, and washer and dryer. Ample off-street parking is available along with a large pool shed for storage. The property is conveniently located in-town , walking distance to the grocery store and other amenities. Don't miss this opportunity!

Last Listed By

Alexcia Smith

Maine Real Estate Co Brokerage Phone: 207-282-5988 Listed on: 04/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,920

Year Built

  • Built in 1790

Lot Details

  • 0.37 Acre Lot
  • Level Lot

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,285 Sq Ft Home
  • Furnished
  • 1 Fireplace
  • Scenic Vista Views
  • Laundry on main level

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Unfinished Basement

  • Interior Basement Entry
  • Sump Pump

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Patio
  • Shed
  • Outbuilding

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number BIDD-000034-000000-000033

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $8,000
  • Gross Income $18,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,920

Year Built

Built in 1790

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.37
  • Co List Office Mls Id: 1039
  • Co List Office Phone: 207-282-5988
  • MLS Status: Closed
  • Directions: Alfred St to Elm St property is location next to Boom's Laundry.
  • Above Grade Finished Sq Ft: 3285.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Building Stories: 175
  • Year Built: 1790
  • Attribution Contact: 207-282-5988
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.37
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 3285.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Pool-In Ground: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 175
  • Income Expenses Gross Income: 18360.0
  • Income Expenses Operating Expenses: 8000.0
  • Amenities:Laundry - 1st Floor: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Property Information:Short Sale Continue to Show: No
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • View:Scenic: Yes
  • Amenities:Furniture Included: Yes
  • Basement:Sump Pump: Yes
  • Amenities:In-Law Apartment: Yes
  • Foundation Materials:Granite2: Yes
  • Roof:Membrane: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 175

Interior Features

  • Has Basement: Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Tile, Laminate
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, In-Law Floorplan
  • Stories: 2

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate
  • Pool Features: In Ground
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Patio
  • Roof: Membrane, Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • 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: 16117.2
  • Parcel #: BIDD-000034-000000-000033
  • Zoning: OR

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18360.0
  • Annual Operating Expense: 8000.0

Tax Info

  • Tax Annual Amount: 4920.0
  • Tax Book Number: 11164
  • Tax Lot: 33
  • Tax Map Number: 34
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2024
Sold by
Butoto Magnifique I
Bought by
Butoto Magnifique I and Butoto Peter Mutima
Total Days on Market
5
Current Estimated Value
$598,208

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jun 17, 2021
Sold by
Roy Daniel J and Grant Susan E
Bought by
Butoto Magnifique I
Seller's Agent
Alexcia Smith
Maine Real Estate Co
Buyer's Agent
Denise Swett
EXP Realty
List Price
$350,000
Sold Price
$400,000
Premium/Discount to List
$50,000
14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.11%
Original Mortgage
$392,755
Interest Rate
2.9%
Mortgage Type
FHA

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
Butoto Magnifique I -- None Available
Butoto Magnifique I -- None Available
Butoto Magnifique I -- None Available
Butoto Magnifique I -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Butoto Magnifique I $392,755
Previous Owner Roy Daniel J $42,400
Previous Owner Roy Daniel J $68,452
Previous Owner Grant Susan E $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $400,000 +14.3% $122 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $350,000 -- $107 / 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 $6,065 $426,500 $148,600 $277,900
2023 $5,596 $426,500 $148,600 $277,900
2022 $5,258 $320,400 $80,900 $239,500
2021 $4,946 $271,300 $67,400 $203,900
2020 $4,429 $245,400 $57,300 $188,100
2019 $4,903 $245,400 $57,300 $188,100
2018 $2,208 $245,400 $57,300 $188,100
2017 $2,264 $239,500 $57,300 $182,200
2016 $4,756 $239,500 $57,300 $182,200
2015 $4,468 $239,500 $57,300 $182,200
2014 $4,358 $239,500 $57,300 $182,200
2013 -- $259,800 $77,000 $182,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1487844

Maine Listings

APN: BIDD-000034-000000-000033