$775,000
SOLD JUN 7, 2024

478 Main St Biddeford, ME 04005

-- Bed
3 Baths
4,101 Sq Ft
0.57 Acres

Recently Sold

$189 Per Sq Ft

4% Above List Price

3 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Deck
  • No HOA
  • River Nearby
  • Wood Flooring
  • Hot Water Heating System

About This Home

As of June 2024

Introducing a prime multifamily opportunity in Biddeford, Maine! This property offers three updated 5 bedroom units with near identical floorplans. Recent renovations also include updated 400 amp electric service, newer roof, and coin-operated laundry facilities. The property features a green space back yard with Saco River access for kayaking and fishing. Don't miss out on this exceptional multifamily offering. Schedule your showing today!

Last Agent to Sell the Property

Ashley Lutko Donna Galluzzo

Signature Homes Real Estate Group, LLC

Co-Listed By

Timothy Mitchell

Signature Homes Real Estate Group, LLC

Last Buyer's Agent

Michaela Crawford

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,347

Year Built

  • Built in 1900

Lot Details

  • 0.57 Acre Lot
  • 100 Feet of Waterfront
  • River Front
  • Level Lot

Home Design

  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 4,101 Sq Ft Home
  • 3-Story Property
  • Water Views

Flooring

  • Wood
  • Carpet
  • Laminate

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • River Nearby
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number BIDD-000037-000000-000007

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $18,194
  • Gross Income $87,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,347

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.57
  • Water Body Name: Saco River
  • Co List Office Mls Id: 3090
  • Co List Office Phone: 207-885-0500
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4101.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.57
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4101.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 87900.0
  • Income Expenses Operating Expenses: 18194.0
  • Style:Multi-Level: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Owned -: 100.0
  • Foundation Materials:Granite2: Yes
  • Exterior:Asbestos: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Laminate, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • 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: 24829.2
  • Parcel #: BIDD-000037-000000-000007
  • Zoning: R1B

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 87900.0
  • Annual Operating Expense: 18194.0

Tax Info

  • Tax Annual Amount: 6347.0
  • Tax Book Number: 18400
  • Tax Lot: 7
  • Tax Map Number: 37
  • Tax Year: 2024

Map

Range of Values:

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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 Change Sq Ft Price
06/07/2024 06/07/24 Sold $775,000 +4.0% $189 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $745,000 -- $182 / Sq Ft
Source: Maine Listings

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 $6,991 $491,600 $170,600 $321,000
2023 $6,347 $483,800 $167,300 $316,500
2022 $5,356 $326,400 $94,400 $232,000
2021 $5,143 $282,100 $79,700 $202,400
2020 $4,734 $236,100 $72,500 $163,600
2019 $4,484 $224,400 $72,500 $151,900
2018 $4,421 $224,400 $72,500 $151,900
2017 $4,163 $207,400 $72,500 $134,900
2016 $4,119 $207,400 $72,500 $134,900
2015 $3,843 $207,400 $72,500 $134,900
2014 $3,749 $207,400 $72,500 $134,900
2013 -- $246,600 $80,200 $166,400
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $715,000 Purchase Money Mortgage
Closed $715,000 Purchase Money Mortgage
Previous Owner $269,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $243,380 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $775,000 None Available
Warranty Deed $775,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Source: Maine Listings

MLS Number: 1588115

Maine Listings

APN: BIDD-000037-000000-000007