NOT LISTED FOR SALE

386 Main St Biddeford, ME 04005

Estimated Value: $560,000 - $728,000

5 Beds
4 Baths
3,337 Sq Ft
$189/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $520,000 $156 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,737/month

8 Days on Market

Highlights

  • New Englander Architecture
  • Cooling Available
  • Baseboard Heating
  • No HOA
  • Landscaped
  • Level Lot

About This Home

As of October 2021

Well maintained three-unit in a quiet, peaceful setting.
Property features a fairly private back yard that abuts a wooded hill. A great opportunity for an income property or could be owner-occupied.
This multi-unit is a must see!
Please contact brokers about showing availability.

Last Agent to Sell the Property

Gordie Holmes

Direct Real Estate Listed on: 08/17/2021

Co-Listed By

Adrian Holmes

Direct Real Estate

Last Buyer's Agent

Catherine Hodge

F.O. Bailey Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,394

Year Built

  • Built in 1880

Lot Details

  • 0.26 Acre Lot
  • Landscaped
  • Level Lot

Home Design

  • 3,337 Sq Ft Home
  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate

Basement

  • Exterior Basement Entry
  • Sump Pump

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Additional Features

  • 4 Full Bathrooms
  • City Lot

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number BIDD-000037-000000-000033

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $8,619
  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,394

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1730
  • Co List Office Phone: 207-775-0333
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3337.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3337.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 45600.0
  • Income Expenses Operating Expenses: 8618.68
  • Basement:Sump Pump: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Sump Pump, Exterior Only
  • Full Bathrooms: 4
  • Flooring: Laminate, Carpet

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, Baseboard
  • 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: 11325.6
  • Parcel #: BIDD-000037-000000-000033
  • Zoning: b1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 45600.0
  • Annual Operating Expense: 8618.68

Tax Info

  • Tax Annual Amount: 3394.0
  • Tax Book Number: 16272
  • Tax Lot: 33
  • Tax Map Number: 37
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Oct 8, 2021
Sold by
386 Main Street Llc
Bought by
Dumont Neil C and Odonnell Haleigh
Seller's Agent
Gordie Holmes
Direct Real Estate
Buyer's Agent
Catherine Hodge
F.O. Bailey Real Estate
List Price
$475,000
Sold Price
$520,000
Premium/Discount to List
$45,000
9.47%
Current Estimated Value
$630,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,333
Avg. Annual Appreciation
2.51%
Original Mortgage
$390,000
Outstanding Balance
$358,716
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$214,951

Purchase Details

Closed on
Aug 9, 2010
Sold by
Fhlmc
Bought by
Scally James

Purchase Details

Closed on
Apr 1, 2010
Sold by
Langevin Cathy T
Bought by
Wells Fargo Bank Na
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Dumont Neil C -- None Available
Dumont Neil C -- None Available
Scally James $132,000 --
Scally James $132,000 --
Wells Fargo Bank Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dumont Neil C $390,000
Closed Dumont Neil C $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 For Rent $2,000 0.0% --
10/08/2021 10/08/21 Sold $520,000 +9.5% $156 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $475,000 -- $142 / 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 $4,892 $344,000 $139,600 $204,400
2023 $4,475 $341,100 $139,600 $201,500
2022 $3,922 $239,000 $76,000 $163,000
2021 $3,752 $205,800 $63,400 $142,400
2020 $3,394 $169,300 $53,800 $115,500
2019 $3,383 $169,300 $53,800 $115,500
2018 $3,335 $169,300 $53,800 $115,500
2017 $2,659 $156,700 $53,800 $102,900
2016 $3,112 $156,700 $53,800 $102,900
2015 $3,051 $156,700 $53,800 $102,900
2014 $2,976 $156,700 $53,800 $102,900
2013 -- $238,400 $74,600 $163,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1505483

Maine Listings

APN: BIDD-000037-000000-000033