470 Elm St Biddeford, ME 04005
Highlights
- Wood Flooring
- No HOA
- Baseboard Heating
- Corner Lot
- Porch
- 2 Car Garage
About This Home
As of July 2024470 Elm St & 2 Janelle St...This unique investment property, located in the Business Zone, offers 3 Units with versatile living and business opportunities with two buildings on the lot. Its prime location provides easy access to major commuting routes, including the turnpike to Portland or Boston. Unit 1 (First Floor): Features: Spacious living area with a cozy fireplace. Additional Space: Enclosed porch perfect for relaxation or extra storage. Special Access: Direct access to the basement, offering additional storage or potential living space. Unit 2 (Second Floor): Features: Comfortable living space with an enclosed porch, ideal for enjoying the outdoors in privacy. Unit 3 (2 Janelle): Living Unit: Located above an oversized garage, providing a unique living or rental opportunity. Beaiutifully remodeled throughout. The space is zoned commercially, which means it can be used for business purposes or possibly converted into a fourth residential unit.
Garage: NO SHOWINGS TIL OPEN HOUSES SATURDAY AND SUNDAY 10am-Noon. All Offers due by Noon Tuesday and reviewed Tuesday evening with 24 hour response.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,867
Year Built
- Built in 1929
Lot Details
- 9,583 Sq Ft Lot
- Corner Lot
- Level Lot
Parking
- 2 Car Garage
- Heated Garage
- Driveway
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Shingle Roof
- Metal Roof
- Vinyl Siding
Interior Spaces
- 3 Full Bathrooms
- 3,150 Sq Ft Home
- Multi-Level Property
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Porch
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Kerosene
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Tax Lot 33
- Assessor Parcel Number BIDD-000018-000000-000033
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $11,909
- Gross Income $48,000
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $620,000 | None Available | |
| Warranty Deed | $620,000 | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $608,770 | FHA | |
| Closed | $608,770 | FHA | |
| Previous Owner | $220,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $231,234 | FHA | |
| Previous Owner | $196,000 | Commercial | |
| Previous Owner | $195,500 | Commercial | |
| Previous Owner | $90,000 | Commercial | |
| Previous Owner | $80,000 | Commercial | |
| Previous Owner | $127,000 | Commercial |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2024 07/01/24 | Sold | $620,000 | +7.8% | $197 / Sq Ft |
| 05/28/2024 05/28/24 | Pending | -- | -- | -- |
| 05/23/2024 05/23/24 | For Sale | $575,000 | +144.2% | $183 / Sq Ft |
| 10/26/2016 10/26/16 | Sold | $235,500 | -0.2% | $107 / Sq Ft |
| 06/07/2016 06/07/16 | Pending | -- | -- | -- |
| 10/31/2015 10/31/15 | For Sale | $235,900 | -- | $107 / Sq Ft |
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 | $4,245 | $298,500 | $93,100 | $205,400 |
| 2023 | $3,868 | $294,800 | $91,400 | $203,400 |
| 2022 | $4,509 | $274,800 | $83,900 | $190,900 |
| 2021 | $4,601 | $252,400 | $83,900 | $168,500 |
| 2020 | $4,686 | $233,700 | $83,900 | $149,800 |
| 2019 | $5,183 | $233,700 | $83,900 | $149,800 |
| 2018 | $23,885 | $233,700 | $83,900 | $149,800 |
| 2017 | $4,912 | $230,600 | $83,900 | $146,700 |
| 2016 | $4,580 | $230,600 | $83,900 | $146,700 |
| 2015 | $4,490 | $230,600 | $83,900 | $146,700 |
| 2014 | $6,318 | $332,700 | $129,200 | $203,500 |
| 2013 | -- | $350,200 | $146,900 | $203,300 |
Source: Maine Listings
MLS Number: 1590597
APN: BIDD-000018-000000-000033
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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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