NOT LISTED FOR SALE

29-31 Ray St Biddeford, ME 04005

Estimated Value: $523,591 - $590,000

5 Beds
2 Baths
2,772 Sq Ft
$200/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $350,000 $126 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,574/month

7 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Bathtub
  • Wood Flooring
  • Porch
  • Forced Air Heating System

About This Home

As of June 2021

SPACE GALORE! Two 3 Bed units w/formal DR w/built-ins, front LR, Original 6 panel wood doors, covered porch, full attic, bsmt storage, lge level yard, separate paved parking, peaceful neighborhood. NEW IN 2020! ROOF, FURNACE, PORCH/STAIRS, BOTH FRONT DOORS, CHIMNEY LINED & REPOINTED.

Last Listed By

Carol Fox

Maine Real Estate Experts Brokerage Phone: 2073297411 Listed on: 03/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,273

Year Built

  • Built in 1939

Lot Details

  • 0.37 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,772 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

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

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Tax Block 90
  • Assessor Parcel Number 29-31Ray StreetBiddeford04005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $10,162
  • Gross Income $27,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,273

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.37
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Five Points: Take Alfred Street. 1st Right after Graham Street Ext.
  • Above Grade Finished Sq Ft: 2772.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1939
  • Attribution Contact: 2073297411
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.37
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2772.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: 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
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 27400.0
  • Income Expenses Operating Expenses: 10162.49
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Bank Owned REO: No
  • Foundation Materials:Granite2: Yes
  • Transportation:Public Transport Access: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Bathtub, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Other
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Biddeford Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16117.2
  • Parcel #: 29-31Ray StreetBiddeford04005
  • Zoning: R2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 27400.0
  • Annual Operating Expense: 10162.49

Tax Info

  • Tax Annual Amount: 4273.0
  • Tax Block: 90
  • Tax Book Number: 10597
  • Tax Lot: 0
  • Tax Map Number: 28
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Jun 30, 2021
Sold by
Marchand David R
Bought by
Hicks Michelle E
Seller's Agent
Carol Fox
Maine Real Estate Experts
Buyer's Agent
Jacob Dimick
Mulkerin Real Estate
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%
Total Days on Market
7
Current Estimated Value
$555,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,148
Avg. Annual Appreciation
11.40%
Original Mortgage
$262,500
Outstanding Balance
$241,254
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$290,182

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
Hicks Michelle E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hicks Michelle E $262,500
Previous Owner Marchand David R $20,000
Previous Owner Marchand David R $74,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $350,000 -6.7% $126 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $375,000 -- $135 / 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 $5,961 $419,200 $158,900 $260,300
2023 $5,409 $412,300 $156,000 $256,300
2022 $4,729 $288,200 $87,800 $200,400
2021 $4,512 $247,500 $74,300 $173,200
2020 $4,281 $213,500 $67,500 $146,000
2019 $4,266 $213,500 $67,500 $146,000
2018 $4,901 $213,500 $67,500 $146,000
2017 $5,301 $207,200 $67,500 $139,700
2016 $4,115 $207,200 $67,500 $139,700
2015 $4,034 $207,200 $67,500 $139,700
2014 -- $207,200 $67,500 $139,700
2013 -- $231,200 $77,000 $154,200
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1484433

Maine Listings

APN: BIDD-000028-000000-000090