Seller's Agent in 2020
Kathleen Phillips LaBombard
Ocean Gate Realty, LLC.
(207) 329-7542
2 in this area
122 Total Sales
32 Cutts St Biddeford, ME 04005
Downtown Biddeford NeighborhoodEstimated Value: $518,000 - $589,000
5
Beds
3
Baths
2,500
Sq Ft
$224/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Property is near public transit
- Corner Lot
- Scenic Views
- New Englander Architecture
- No HOA
About This Home
As of August 2020Urban three unit apartment building in Downtown Biddeford - perfect for the savy investor looking to build equity.
Property will not qualify for traditional financing - will need CASH or a Renovation Mortgage.
PER SELLER INSTRUCTIONS: Property must be listed in MLS for a minimum of 7 calendar days before any offer is accepted - day 8 is July 6, 2020; Additionally, Owner Occupant Offers Only during the first 20 on MLS (July 19, 2020) days. The buyer will need to sign the Owner Occupant Affidavit which can be found in the attachments here in MLS.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,215
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Corner Lot
- Level Lot
Parking
- Gravel Driveway
Home Design
- New Englander Architecture
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 3 Full Bathrooms
- 2,500 Sq Ft Home
- Scenic Vista Views
Flooring
- Carpet
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Nearby Water Access
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Electric Water Heater
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- REO, home is currently bank or lender owned
- Tax Lot 52
- Assessor Parcel Number BIDD-000038-000000-000052
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 16, 2022
Sold by
Sowamrah Omar
Bought by
Fadhil Ammar
Total Days on Market
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,400
Outstanding Balance
$488,705
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$71,295
Purchase Details
Closed on
Aug 18, 2021
Sold by
Alshawk Sarem
Bought by
Sowamrah Omar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 1, 2020
Sold by
Lessard Dean A
Bought by
Us Bank Na Tr
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 |
|---|---|---|---|
| Fadhil Ammar | $530,000 | None Available | |
| Sowamrah Omar | -- | None Available | |
| Us Bank Na Tr | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fadhil Ammar | $520,400 | |
| Previous Owner | Sowamrah Omar | $210,000 | |
| Previous Owner | Lessard Dean A | $179,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2020 08/21/20 | Sold | $160,000 | +21.3% | $64 / Sq Ft |
| 07/07/2020 07/07/20 | Pending | -- | -- | -- |
| 06/29/2020 06/29/20 | For Sale | $131,900 | -- | $53 / 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 | $6,088 | $428,100 | $117,900 | $310,200 |
| 2023 | $5,559 | $423,700 | $117,900 | $305,800 |
| 2022 | $3,786 | $230,700 | $62,200 | $168,500 |
| 2021 | $3,628 | $199,000 | $51,900 | $147,100 |
| 2020 | $3,272 | $163,200 | $44,100 | $119,100 |
| 2019 | $3,261 | $163,200 | $44,100 | $119,100 |
| 2018 | $3,750 | $163,200 | $44,100 | $119,100 |
| 2017 | $3,932 | $150,000 | $44,100 | $105,900 |
| 2016 | $2,979 | $150,000 | $44,100 | $105,900 |
| 2015 | $2,921 | $150,000 | $44,100 | $105,900 |
| 2014 | $2,849 | $150,000 | $44,100 | $105,900 |
| 2013 | -- | $188,500 | $60,300 | $128,200 |
Source: Public Records
Agents Affiliated with this Home
-
Kathleen Phillips LaBombard
-
S
Buyer's Agent in 2020
Sarem Al-Shawk
Keller Williams Realty
Map
Source: Maine Listings
MLS Number: 1458229
APN: BIDD-000038-000000-000052
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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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