NOT LISTED FOR SALE

399 Main St Biddeford, ME 04005

Estimated Value: $563,117

8 Beds
3 Baths
2,944 Sq Ft
$191/Sq Ft Est. Value

Last Sold April 12, 2022

Last sale price $450,000 $153 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,595/month

20 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Carpet
  • Forced Air Zoned Heating System

About This Home

As of April 2022

You're going to want to add this building to your Real Estate Portfolio! This 3 unit building offers three 3-bedroom units all with rear decks for individual outdoor space! Each unit will have 1 parking spot in addition to available street parking. Units 1 and 3 have just been painted throughout, new flooring throughout the majority of the units and many small repairs and updates throughout. With the middle unit being vacated this is a great opportunity for an owner occupied building!

Last Listed By

Christina Connell

Berkshire Hathaway HomeServices Verani Realty Listed on: 02/11/2022

Berkshire Hathaway HomeServices Verani Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,058

Year Built

  • Built in 1900

Lot Details

  • 4,792

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,944 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Interior Basement Entry
  • Sump Pump

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Site Parking

Utilities

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

Additional Features

  • 4,792 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number BIDD-000037-000000-000045

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $12,500
  • Gross Income $46,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,058

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Elm st, turn down Main st towards the HS, building is on the left before the railroad tracks.
  • Above Grade Finished Sq Ft: 2944.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2944.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 46200.0
  • Income Expenses Operating Expenses: 12500.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking:Off Site: Yes
  • Basement:Sump Pump: Yes
  • Building Info:_pound_ Floors3: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Vinyl, Laminate, Carpet
  • Stories: 3

Exterior Features

  • Lot Features: Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Site, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: BIDD-000037-000000-000045
  • Zoning: R2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 46200.0
  • Annual Operating Expense: 12500.0

Tax Info

  • Tax Annual Amount: 4058.0
  • Tax Book Number: 17832
  • Tax Lot: 45
  • Tax Map Number: 37
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2018
Closed on
Oct 30, 2018
Sold by
Apex Properties Llc
Bought by
Galluzzo Peter
Seller's Agent
Jason Saphire
www.HomeZu.com
Buyer's Agent
Daniel McDonnell
Cote & Howe Realty
List Price
$275,000
Sold Price
$280,000
Premium/Discount to List
$5,000
1.82%
Total Days on Market
20
Current Estimated Value
$563,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,117
Avg. Annual Appreciation
11.26%
Original Mortgage
$274,928
Outstanding Balance
$240,822
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$322,295

Purchase Details

Closed on
Apr 13, 2010
Sold by
Wachovia Bank Na
Bought by
Arch Bay Holdings Llc

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
Galluzzo Peter -- --
Arch Bay Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galluzzo Peter $274,928
Closed Apex Props Llc $75,000
Previous Owner Collison William M $217,500
Previous Owner Collison Rachael N $173,180
Previous Owner Collison William M $160,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2022 04/12/22 Sold $450,000 +13.9% $153 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $395,000 +41.1% $134 / Sq Ft
10/29/2018 10/29/18 Sold $280,000 +1.8% $95 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
08/28/2018 08/28/18 For Sale $275,000 -- $93 / 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 $5,671 $398,800 $132,600 $266,200
2023 $5,182 $395,000 $132,600 $262,400
2022 $4,234 $258,000 $65,600 $192,400
2021 $4,058 $222,600 $54,700 $167,900
2020 $3,653 $182,200 $46,500 $135,700
2019 $3,640 $182,200 $46,500 $135,700
2018 $3,911 $182,200 $46,500 $135,700
2017 $4,230 $167,100 $46,500 $120,600
2016 $3,319 $167,100 $46,500 $120,600
2015 $3,253 $167,100 $46,500 $120,600
2014 $3,173 $167,100 $46,500 $120,600
2013 -- $206,100 $55,000 $151,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1518606

Maine Listings

APN: BIDD-000037-000000-000045