Seller's Agent in 2023
Jeremy Lock
Waypoint Brokers Collective
(207) 747-7871
1 in this area
83 Total Sales
27 Summer St Biddeford, ME 04005
Downtown Biddeford NeighborhoodEstimated Value: $432,000 - $604,000
4
Beds
3
Baths
2,854
Sq Ft
$184/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- Baseboard Heating
- Corner Lot
- Property is near shops
- 4-minute walk to Shevenell Park
About This Home
As of October 2023Perched on the edge of Biddeford's vibrant downtown, this attractive brick 2-unit is just a few short blocks away from amazing restaurants, breweries, and distilleries, which translates to an abundant pool of tenants as everyone wants to be near the action. But what really sets this building apart, is that in addition to its long-term units, it has an extensively renovated lockout unit with its own ensuite bathroom that creates the perfect setup for a short-term rental. You couldn't ask for a better entry point into the short-term rental space as you have rental income from two long-term units to help offset the vacancies between bookings creating a more consistent income stream. For the investor who plans to self-manage and maximize STR income, this building could easily cash flow. And we're talking cash flow after taking into account repairs AND vacancies. When was the last time you encountered a 2-unit that could boast that?! Newly installed replacement windows are the cherry on top. Such a great building to add to your portfolio!
Last Agent to Sell the Property
Waypoint Brokers Collective Brokerage Email: jeremy@waypointbrokers.com Listed on: 09/08/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,776
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
- Corner Lot
Home Design
- Brick Exterior Construction
- Shingle Roof
- Membrane Roofing
- Masonry
Interior Spaces
- 3 Full Bathrooms
- 2,854 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- No Driveway
- On-Street Parking
Location
- Property is near shops
- City Lot
Utilities
- No Cooling
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 32
- Assessor Parcel Number BIDD-000039-000000-000032
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $16,327
- Gross Income $43,848
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2023
Closed on
Oct 13, 2023
Sold by
Bought by
Seller's Agent
Jeremy Lock
Waypoint Brokers Collective
Buyer's Agent
Christina Farynaz
Coldwell Banker Realty
List Price
$499,000
Sold Price
$545,000
Premium/Discount to List
$46,000
9.22%
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
-$20,023
Avg. Annual Appreciation
-1.36%
Original Mortgage
$446,250
Outstanding Balance
$435,525
Interest Rate
7.18%
Mortgage Type
FHA
Estimated Equity
$89,452
Purchase Details
Listed on
Jul 14, 2020
Closed on
Sep 9, 2020
Sold by
Bought by
Seller's Agent
John Fitzsimons
Portside Real Estate Group
Buyer's Agent
Jeremy Lock
Portside Real Estate Group
List Price
$299,000
Sold Price
$352,500
Premium/Discount to List
$53,500
17.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.14%
Original Mortgage
$200,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 11, 2017
Closed on
Jul 13, 2017
Sold by
Bought by
Seller's Agent
Tim Madden
Assist-2-Sell Home Team Advantage
Buyer's Agent
David Dion
Keller Williams Realty
List Price
$159,900
Sold Price
$156,500
Premium/Discount to List
-$3,400
-2.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.68%
Original Mortgage
$125,200
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 29, 2013
Sold by
Bought by
Purchase Details
Closed on
Jul 1, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,800
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $545,000 | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $446,250 | ||
| Previous Owner | $200,000 | ||
| Previous Owner | $125,200 | ||
| Previous Owner | $172,800 | ||
| Previous Owner | $43,200 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/13/2023 10/13/23 | Sold | $545,000 | +9.2% | $191 / Sq Ft | |
| 09/11/2023 09/11/23 | Pending | -- | -- | -- | |
| 09/08/2023 09/08/23 | For Sale | $499,000 | +41.6% | $175 / Sq Ft | |
| 09/09/2020 09/09/20 | Sold | $352,500 | +17.9% | $124 / Sq Ft | View Prior Sale |
| 07/20/2020 07/20/20 | Pending | -- | -- | -- | |
| 07/08/2020 07/08/20 | For Sale | $299,000 | +53.7% | $105 / Sq Ft | |
| 05/16/2019 05/16/19 | Sold | $194,516 | +5.4% | $116 / Sq Ft | View Prior Sale |
| 04/01/2019 04/01/19 | Pending | -- | -- | -- | |
| 03/25/2019 03/25/19 | For Sale | $184,500 | +17.9% | $110 / Sq Ft | |
| 06/20/2017 06/20/17 | Sold | $156,500 | -2.1% | $55 / Sq Ft | View Prior Sale |
| 04/19/2017 04/19/17 | Pending | -- | -- | -- | |
| 04/11/2017 04/11/17 | For Sale | $159,900 | -- | $56 / Sq Ft |
Source: Maine Listings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $5,807 | $388,700 | $108,800 | $279,900 |
| 2024 | $5,452 | $383,400 | $108,800 | $274,600 |
| 2023 | $4,467 | $340,500 | $108,800 | $231,700 |
| 2022 | $3,776 | $230,100 | $56,300 | $173,800 |
| 2021 | $3,580 | $196,400 | $46,100 | $150,300 |
| 2020 | $4,098 | $162,600 | $35,800 | $126,800 |
| 2019 | $5,302 | $162,600 | $35,800 | $126,800 |
| 2018 | $3,730 | $162,600 | $35,800 | $126,800 |
| 2017 | $5,042 | $177,300 | $35,800 | $141,500 |
| 2016 | $3,521 | $177,300 | $35,800 | $141,500 |
| 2015 | $3,452 | $177,300 | $35,800 | $141,500 |
| 2014 | $3,367 | $177,300 | $35,800 | $141,500 |
| 2013 | -- | $217,900 | $60,000 | $157,900 |
Source: Public Records
Agents Affiliated with this Home
-
Jeremy Lock
-
Christina Farynaz
C
Buyer's Agent in 2023
Christina Farynaz
Coldwell Banker Realty
(207) 310-0463
1 in this area
31 Total Sales
-
John Fitzsimons
J
Seller's Agent in 2020
John Fitzsimons
Portside Real Estate Group
(207) 233-8314
3 in this area
196 Total Sales
-
Kaili Moore
Seller Co-Listing Agent in 2020
Kaili Moore
Portside Real Estate Group
(207) 252-4161
3 in this area
203 Total Sales
-
R
Seller's Agent in 2019
Robert Metayer
Coldwell Banker Realty
-
K
Buyer's Agent in 2019
Karen Dorow
RE/MAX Coast to Coast
Map
Source: Maine Listings
MLS Number: 1570519
APN: BIDD-000039-000000-000032
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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