Seller's Agent in 2023
Eric Flynn
Excellence Realty
(207) 329-4466
2 in this area
64 Total Sales
268 Alfred St Biddeford, ME 04005
Estimated Value: $618,000 - $825,209
8
Beds
3.5
Baths
3,562
Sq Ft
$197/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- No HOA
- Tandem Parking
- Property is near public transit
- 2 Car Detached Garage
- Tile Flooring
About This Home
As of August 2023Don't miss this excellent investment opportunity! Three units, all with solid rental history and wonderful current tenants. Two units have been completely renovated to include new flooring, paint, countertops, cabinets, bathroom fixtures, and appliances. The property boasts an oversized two-car garage, ample off-street parking, three private decks, and in-unit laundry. Set right outside of the quickly growing downtown areas of Biddeford and Saco, the demand to live in this area is sure to continue growing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,657
Year Built
- Built in 1880
Lot Details
- 0.28 Acre Lot
- Level Lot
- Open Lot
Parking
- 2 Car Detached Garage
- Tandem Parking
- Driveway
- Off-Street Parking
Home Design
- Cape Cod Architecture
- Concrete Foundation
- Block Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,562 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Tile
- Vinyl
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
- Dirt Floor
Location
- Property is near public transit
- Property is near shops
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Oil Water Heater
- Internet Available
Listing and Financial Details
- Tax Lot 197
- Assessor Parcel Number BIDD-000034-000000-000197
Community Details
Overview
- No Home Owners Association
- 3 Units
Pet Policy
- Pet Restriction
- Limit on the number of pets
Building Details
- Operating Expense $11,914
- Gross Income $60,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2023
Closed on
Aug 31, 2023
Sold by
Reilly Brandon A
Bought by
Yean Sokreth and Yean Charya
Seller's Agent
Eric Flynn
Excellence Realty
Buyer's Agent
April Cohen
Duston Leddy Real Estate
List Price
$575,000
Sold Price
$725,000
Premium/Discount to List
$150,000
26.09%
Total Days on Market
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,948
Avg. Annual Appreciation
-1.10%
Original Mortgage
$529,250
Outstanding Balance
$520,692
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$191,039
Purchase Details
Listed on
Apr 14, 2021
Closed on
Jun 11, 2021
Sold by
Goyet Michael and Goyet Karen
Bought by
Reilly Brandon A
Seller's Agent
Christine Goyet
Bean Group
Buyer's Agent
Brandon Reilly
Home Port Realty
List Price
$469,900
Sold Price
$526,000
Premium/Discount to List
$56,100
11.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.55%
Original Mortgage
$516,472
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Closed on
May 25, 2017
Sold by
Sylvain J Guy J and Sylvain Colette
Bought by
Goyet Michael and Goyet Karen
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
4.02%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yean Sokreth | $725,000 | None Available | |
| Reilly Brandon A | -- | None Available | |
| Goyet Michael | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Yean Sokreth | $529,250 | |
| Previous Owner | Reilly Brandon A | $516,472 | |
| Previous Owner | Goyet Karen | $200,000 | |
| Previous Owner | Goyet Michael | $240,562 | |
| Previous Owner | Sylvain Jean G | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/31/2023 08/31/23 | Sold | $725,000 | +26.1% | $204 / Sq Ft |
| 06/09/2023 06/09/23 | Pending | -- | -- | -- |
| 06/03/2023 06/03/23 | For Sale | $575,000 | +9.3% | $161 / Sq Ft |
| 06/11/2021 06/11/21 | Sold | $526,000 | +11.9% | $148 / Sq Ft |
| 04/21/2021 04/21/21 | Pending | -- | -- | -- |
| 04/14/2021 04/14/21 | For Sale | $469,900 | -- | $132 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $6,018 | $423,200 | $133,900 | $289,300 |
| 2023 | $5,500 | $419,200 | $133,900 | $285,300 |
| 2022 | $4,657 | $283,800 | $72,800 | $211,000 |
| 2021 | $4,477 | $245,600 | $60,700 | $184,900 |
| 2020 | $4,058 | $202,400 | $51,600 | $150,800 |
| 2019 | $4,044 | $202,400 | $51,600 | $150,800 |
| 2018 | $3,987 | $202,400 | $51,600 | $150,800 |
| 2017 | $3,741 | $186,400 | $51,600 | $134,800 |
| 2016 | $3,702 | $186,400 | $51,600 | $134,800 |
| 2015 | $3,629 | $186,400 | $51,600 | $134,800 |
| 2014 | $3,540 | $186,400 | $51,600 | $134,800 |
| 2013 | -- | $259,200 | $65,000 | $194,200 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Flynn
-
April Cohen
Buyer's Agent in 2023
April Cohen
Duston Leddy Real Estate
(207) 831-0495
8 in this area
183 Total Sales
-
C
Seller's Agent in 2021
Christine Goyet
Bean Group
-
Brandon Reilly
B
Buyer's Agent in 2021
Brandon Reilly
Home Port Realty
(207) 513-0020
2 in this area
50 Total Sales
Map
Source: Maine Listings
MLS Number: 1560787
APN: BIDD-000034-000000-000197
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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