NOT LISTED FOR SALE

27 Fall St Biddeford, ME 04005

Estimated Value: $613,000 - $810,000

5 Beds
3 Baths
4,278 Sq Ft
$169/Sq Ft Est. Value

Last Sold November 24, 2021

Last sale price $594,525 $139 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,402/month

3 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Forced Air Heating System
  • New Englander Architecture
  • No HOA
  • Hot Water Heating System

About This Home

As of November 2021

Massive triple decker and phenomenal investment property! Located only minutes from downtown, this beast of a building hosts 3 incredibly large apartments (approx 1,400 sq ft each!), a large back yard, and also a 3 car garage! Each unit is 3-4 bedrooms, 1 bath, and has additional rooms that are currently being used as storage. Although slightly aesthetically dated on some floors, there are gorgeous features like hardwood floors, tin ceilings, and built ins! This building pulls in fantastic rent numbers, and would be a great addition to anyone's portfolio! Seller is looking for a cash or conventional offer only, and unit is occupied, so 24 hr notice is required for showings.

Last Agent to Sell the Property

Mandy Wheeler

U&R Real Estate Listed on: 08/19/2021

Last Buyer's Agent

AmyBeth Brochu-Krikken

Rockstar Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,750

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 4,278 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 340
  • Assessor Parcel Number BIDD-000034-000000-000340

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $12,842
  • Gross Income $62,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,750

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS friendly
  • Above Grade Finished Sq Ft: 4278.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4278.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: 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
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 62400.0
  • Income Expenses Operating Expenses: 12842.0
  • Style:Multi-Level: Yes
  • Style:New Englander: Yes
  • Roof:TarGravel: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Intown, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Tar/Gravel

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: BIDD-000034-000000-000340
  • Zoning: R2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 62400.0
  • Annual Operating Expense: 12842.0

Tax Info

  • Tax Annual Amount: 4750.0
  • Tax Book Number: 18358
  • Tax Lot: 340
  • Tax Map Number: 34
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Aug 27, 2020
Sold by
Vachon Claudette M
Bought by
Alrammahi Muhammed
Seller's Agent
CJ Dubois-Cote
Keller Williams Realty
Buyer's Agent
Mandy Wheeler
U&R Real Estate
List Price
$425,000
Sold Price
$450,000
Premium/Discount to List
$25,000
5.88%
Current Estimated Value
$723,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,333
Avg. Annual Appreciation
8.98%
Original Mortgage
$441,849
Interest Rate
2.9%
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
Alrammahi Muhammed -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krikken Evert R $407,400
Closed Alrammahi Muhammed $441,849
Previous Owner Vachon Raymond G $17,398
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $594,525 +3.4% $139 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $575,000 +27.8% $134 / Sq Ft
08/27/2020 08/27/20 Sold $450,000 +5.9% $105 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $425,000 -- $99 / 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 $6,979 $490,800 $127,200 $363,600
2023 $6,372 $485,700 $127,200 $358,500
2022 $5,461 $332,800 $68,200 $264,600
2021 $5,258 $288,400 $56,800 $231,600
2020 $4,140 $236,900 $48,400 $188,500
2019 $4,733 $236,900 $48,400 $188,500
2018 $4,667 $236,900 $48,400 $188,500
2017 $4,347 $216,600 $48,400 $168,200
2016 $4,302 $216,600 $48,400 $168,200
2015 $4,023 $216,600 $48,400 $168,200
2014 $3,923 $216,600 $48,400 $168,200
2013 -- $259,400 $63,400 $196,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1505818

Maine Listings

APN: BIDD-000034-000000-000340