NOT LISTED FOR SALE

461 Elm St Biddeford, ME 04005

Studio
4 Baths
3,716 Sq Ft
6,970 Sq Ft Lot

Last Sold September 23, 2022

Last sale price $335,000 $90 Per Sq Ft

6 Days on Market

Highlights

  • Nearby Water Access
  • New Englander Architecture
  • No HOA
  • Property is near public transit
  • Corner Lot
  • Forced Air Heating System

About This Home

As of September 2022

Perfect Biddeford 4-unit to employ the BRRR strategy! Solid bones and decent layouts with tons of parking and a brand new roof! Either pick away at improvements over time, or go big and make use of the large amount of underutilized square footage. Regardless of the approach you take, this is an ideal project building with a ton of upside potential.

Last Agent to Sell the Property

Jessica Wallimann

Vitalius Real Estate Group, LLC Listed on: 08/12/2022

Last Buyer's Agent

Sarem Al-Shawk

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,128

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Flat Roof Shape
  • Wood Frame Construction
  • Asbestos Siding
  • Shingle Siding
  • Asbestos

Interior Spaces

  • 4 Full Bathrooms
  • 3,716 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Kerosene
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Legal Lot and Block 2 / 52
  • Assessor Parcel Number BIDD-000018-000000-000052-000002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $11,040
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,128

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3716.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 80.46
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3716.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 36000.0
  • Income Expenses Operating Expenses: 11040.0
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Exterior:Asbestos: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Roof:Flat: Yes
  • Advertising Remarks:Advertising Remarks: Perfect Biddeford 4-unit to employ the BRRR strategy! Solid bones and decent layouts with tons of parking and a brand new roof! Either pick away at improvements over time, or go big and make use of the large amount of underutilized square footage. Regardless of the approach you take, this is an ideal project building with a ton of upside potential.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Public Transit
  • Waterfront: No
  • Construction Type: Shingle Siding, Asbestos, Wood Frame
  • Roof: Flat

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Direct Vent Heater
  • 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: 6969.6
  • Parcel #: BIDD-000018-000000-000052-000002
  • Zoning: B2

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 36000.0
  • Annual Operating Expense: 11040.0

Tax Info

  • Tax Annual Amount: 3128.0
  • Tax Block: 52
  • Tax Lot: 2
  • Tax Year: 2021

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2022 09/23/22 Sold $335,000 +12.0% $90 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $299,000 -- $80 / 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 $6,880 $483,800 $187,500 $296,300
2023 $4,681 $356,800 $187,500 $169,300
2022 $3,336 $203,300 $103,400 $99,900
2021 $3,128 $171,600 $86,100 $85,500
2020 $2,911 $145,200 $73,200 $72,000
2019 $2,901 $145,200 $73,200 $72,000
2018 $2,860 $145,200 $73,200 $72,000
2017 $2,677 $133,400 $73,200 $60,200
2016 $2,649 $133,400 $73,200 $60,200
2015 $2,597 $133,400 $73,200 $60,200
2014 $2,533 $133,400 $73,200 $60,200
2013 -- $174,900 $82,300 $92,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1539863

Maine Listings