NOT LISTED FOR SALE

265 Elm St Biddeford, ME 04005

Estimated Value: $656,000 - $842,548

9 Beds
3 Baths
4,064 Sq Ft
$190/Sq Ft Est. Value

Last Sold February 02, 2022

Last sale price $640,000 $157 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,723/month

7 Days on Market

Highlights

  • Wood Flooring
  • Screened Porch
  • Bathtub
  • No HOA
  • 3 Car Detached Garage
  • Shed

About This Home

As of February 2022

96.5% FHA Financing Available. IDEAL OWNER OCCUPIED property with a 3 car garage & with plenty of off street parking. All the apartments are very large 3-4 bedrooms units with sheds & enclosed porches. Walking distance to all down town restaurants,pubs & Hannaford Supermarket. This property has been well maintained consistently and offers a maintenance free exterior. The dry daylight basement offers 8'-9' ceiling height and makes a terrific work shop & added storage space. Rents are below market rate with plenty of room for an increase. No leases. Tenants are all tenants at will. Showing schedule is Tuesday at 1:00 & Saturday at 11:00. 24 HOUR NOTICE IS REQUIRED. This is a nice building and well worth previewing. Take advantage of the low interest rates! Annual Expenses- Heating Oil $ 3,671 (1,264 gallons), Insurance $2,001, Water $ 573, Sewer $1,011, Property Taxes $5,299.

Last Agent to Sell the Property

David Trottier

Realty Sales Inc Listed on: 11/23/2021

Last Buyer's Agent

Dominik Porobic

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,299

Year Built

  • Built in 1922

Lot Details

  • 0.25 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • 3 Car Detached Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Tar and Gravel Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 4,064 Sq Ft Home
  • Screened Porch
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Shed
  • Outbuilding

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 49
  • Assessor Parcel Number 265ElmBiddeford04005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $12,829
  • Gross Income $51,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,299

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • MLS Status: Closed
  • Directions: 265 Elm Street. Sign out front!
  • Above Grade Finished Sq Ft: 4064.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Year Built: 1922
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 142.72
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4064.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 51000.0
  • Income Expenses Operating Expenses: 12829.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Exterior:Aluminum Siding: Yes
  • Roof:Flat: Yes
  • Roof:TarGravel: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Advertising Remarks:Advertising Remarks: 96.5% FHA Financing Available. IDEAL OWNER OCCUPIED property with a 3 car garage & with plenty of off street parking. All the apartments are very large 3-4 bedrooms units with sheds & enclosed porches. Walking distance to all down town restaurants,pubs & Hannaford Supermarket. This property has been well maintained consistently and offers a maintenance free exterior. The dry daylight basement offers 8'-9' ceiling height and makes a terrific work shop & added storage space. Rents are below market rate with plenty of room for an increase. No leases. Tenants are all tenants at will. Showing schedule is Tuesday at 1:00 & Saturday at 11:00. 24 HOUR NOTICE IS REQUIRED. This is a nice building and well worth previewing. Take advantage of the low interest rates! Annual Expenses- Heating Oil $3,671 (1,264 gallons), Insurance $2,001, Water $573, Sewer $1,011,Property Taxes $5,299.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: Bathtub, Shower, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Aluminum Siding, Wood Frame
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Screened
  • Roof: Flat, Pitched, Shingle, Tar/Gravel

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: 11 - 20 Spaces, Paved, On Site, Garage Door Opener, Detached

Utilities

  • Laundry Features: Washer Hookup
  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 265ElmBiddeford04005
  • Zoning: MSRD2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 51000.0
  • Annual Operating Expense: 12829.0

Tax Info

  • Tax Annual Amount: 5299.0
  • Tax Lot: 49
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
Feb 2, 2022
Sold by
Stours Dana R and Stours Rachel S
Bought by
Lezaja Goran
Seller's Agent
David Trottier
Realty Sales Inc
Buyer's Agent
Dominik Porobic
Keller Williams Realty
List Price
$580,000
Sold Price
$640,000
Premium/Discount to List
$60,000
10.34%
Current Estimated Value
$770,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,887
Avg. Annual Appreciation
4.82%
Original Mortgage
$618,640
Outstanding Balance
$573,755
Interest Rate
3.45%
Mortgage Type
FHA
Estimated Equity
$197,132

Purchase Details

Closed on
Jan 24, 2006
Sold by
Labonte Elizabeth and Labonte Michael D
Bought by
Stours Rachel S and Stours Dana R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.33%
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

Date Buyer Sale Price Title Company
Lezaja Goran $640,000 None Available
Stours Rachel S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lezaja Goran $618,640
Previous Owner Stours Rachel S $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2022 02/02/22 Sold $640,000 +10.3% $157 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
11/23/2021 11/23/21 For Sale $580,000 -- $143 / 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 $8,306 $584,100 $138,400 $445,700
2023 $7,582 $577,900 $138,400 $439,500
2022 $5,512 $335,900 $75,400 $260,500
2021 $5,299 $290,700 $62,800 $227,900
2020 $4,788 $238,800 $53,400 $185,400
2019 $4,771 $238,800 $53,400 $185,400
2018 $1,252 $238,800 $53,400 $185,400
2017 $1,354 $218,700 $53,400 $165,300
2016 $4,343 $218,700 $53,400 $165,300
2015 $4,258 $218,700 $53,400 $165,300
2014 $4,153 $218,700 $53,400 $165,300
2013 -- $261,900 $89,200 $172,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1515323

Maine Listings

APN: BIDD-000034-000000-000049