NOT LISTED FOR SALE

503 Elm St Biddeford, ME 04005

Estimated Value: $591,000 - $627,343

3 Beds
2 Baths
2,438 Sq Ft
$252/Sq Ft Est. Value

Last Sold August 25, 2022

Last sale price $540,000 $221 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,033/month

86 Days on Market

Highlights

  • View of Trees or Woods
  • Cape Cod Architecture
  • Wood Flooring
  • 1.5 Acre Lot
  • Property is near public transit
  • Attic

About This Home

As of August 2022

NEW PRICE: Imagine your holiday gatherings in this oversized backyard.

Rare opportunity to own a classic 3+ bedroom/2 bath Cape in a convenient Route 1 location.

Interior includes large dramatic living room with gas fireplace. Formal dining room with built-in china cabinet. Sunroom/office. Large kitchen/great room with sitting area and French doors opening to expansive backyard which includes stone patio, with built-in fire pit and gas grill, dog kennel and playground and attached heated two-car garage.

Partially finished basement with entertainment room and workshop.

Last Listed By

James Keithley II

Bean Group Listed on: 07/11/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,436

Year Built

  • Built in 1947

Lot Details

  • 1.5 Acre Lot
  • Landscaped
  • Level Lot
  • Property is zoned B2

Parking

  • 2 Car Attached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,438 Sq Ft Home
  • Built-In Features
  • 2 Fireplaces
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Home Office
  • Views of Woods
  • Home Security System
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Butcher Block Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Electric Water Heater

Additional Features

  • Patio
  • Property is near public transit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number BIDD-000088-000000-000007

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,436

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.5
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From I-95 to Route 1, also Elm Street to #503
  • Above Grade Finished Sq Ft: 2438.0
  • Architectural Style: Cape
  • Garage Yn: Yes
  • Year Built: 1947
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 1.5
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2438.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Security System: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:_two_ Car: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Exterior:Wood Siding: Yes
  • Office:Office: Yes
  • Appliances Included:Cooktop: Yes
  • Appliances Included:Wall Oven: Yes
  • Parking:Paved3: Yes
  • Amenities:Attic: Yes
  • View:TreesWoods: Yes
  • Property Information:Deed Restrictions: Unknown
  • Kitchen Countertop:Solid Surface: Yes
  • Room Features:Built-Ins30: Yes
  • Transportation:Public Transport Access: Yes
  • Kitchen Countertop:Butcher Block: Yes
  • Living Room Amenities:Gas Fireplace5: Yes
  • Room Features:Gas Fireplace29: Yes
  • Dining Room Amenities:Built-Ins8: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 2
  • Special Features: None

Interior Features

  • Appliances: Washer, Wall Oven, Refrigerator, Microwave, Dryer, Disposal, Dishwasher, Cooktop
  • Has Basement: Finished, Full, Interior Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Attic
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Near Shopping, Near Turnpike/Interstate, Near Town, Near Public Transit
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Exterior Features: Animal Containment System
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Security: Security System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Air
  • 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: 65340.0
  • Parcel #: BIDD-000088-000000-000007
  • Zoning: B2

Tax Info

  • Tax Annual Amount: 5436.0
  • Tax Book Number: 17505
  • Tax Lot: 7
  • Tax Map Number: 88
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Aug 25, 2022
Sold by
Mourmouras Leslie
Bought by
Lycette Kevin and Lycette Monique
Seller's Agent
James Keithley II
Bean Group
Buyer's Agent
Troy Williams
Keller Williams Coastal and Lakes & Mountains Realty
List Price
$699,000
Sold Price
$540,000
Premium/Discount to List
-$159,000
-22.75%
Total Days on Market
86
Current Estimated Value
$613,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,836
Avg. Annual Appreciation
7.35%
Original Mortgage
$432,000
Outstanding Balance
$416,857
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$236,157

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
Lycette Kevin -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lycette Kevin $432,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2022 08/25/22 Sold $540,000 -22.7% $221 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $699,000 -- $287 / 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 $7,352 $517,000 $168,800 $348,200
2023 $6,783 $517,000 $168,800 $348,200
2022 $6,341 $386,400 $93,300 $293,100
2021 $5,892 $323,200 $77,700 $245,500
2020 $5,333 $290,500 $66,100 $224,400
2019 $5,804 $290,500 $66,100 $224,400
2018 $5,723 $290,500 $66,100 $224,400
2017 $5,670 $282,500 $66,100 $216,400
2016 $5,610 $282,500 $66,100 $216,400
2015 $5,306 $282,500 $66,100 $216,400
2014 $5,175 $282,500 $66,100 $216,400
2013 -- $296,100 $69,000 $227,100
Source: Public Records

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Source: Maine Listings

MLS Number: 1524382

Maine Listings

APN: BIDD-000088-000000-000007