T
Seller's Agent in 2024
Tatiana Morrell
Landing Real Estate
53 Main St Biddeford, ME 04005
Downtown Biddeford NeighborhoodEstimated Value: $519,907
5
Beds
1.5
Baths
2,550
Sq Ft
$204/Sq Ft
Est. Value
Highlights
- The property is located in a historic district
- No HOA
- Forced Air Heating System
- Wood Flooring
- Air Conditioning
- 2-minute walk to Shevenell Park
About This Home
As of January 2024** BACK ON MARKET! AT NO FAULT OF THE SELLERS**
Updates have been completed since original listing, and building now fully vacant!
Discover an exceptional investment opportunity in the bustling heart of downtown Biddeford. This distinctive mixed-use building perfectly combines commercial potential with residential charm, offering a myriad of possibilities for investors, business owners, and rental income seekers.
Commercial Space: The ground floor features a spacious mixed use space that once housed Villari's Dojo and more recently served as a record store. With an open layout and ample space, this commercial area presents an enticing canvas for entrepreneurs to realize their creative visions. With plenty of space for storage - providing practicality and convenience for business operations.
Residential Haven: Upstairs, a private entrance leads to a 3-bedroom, 1-bathroom apartment spanning 1275 square feet. This charming living space is thoughtfully designed, with an open layout that seamlessly connects the living and kitchen areas creating an inviting and comfortable atmosphere. The apartment's separate entrances ensures privacy and convenience for residents. This also presents an excellent opportunity for generating steady rental income. Its appealing layout and convenient location make it an attractive option for potential tenants.
Investors can maximize returns by leasing both the commercial space and the residential apartment. This unique setup offers the advantage of diversifying income sources. Entrepreneurs have the chance to establish a thriving venture in a prime downtown location. With foot traffic and visibility, the commercial space is poised to become a hotspot for a variety of businesses.
Don't miss out on this exceptional mixed-use building in the heart of downtown Biddeford. This building is a prime opportunity that can only be of worth for its next owners!
Last Agent to Sell the Property
Tatiana Morrell
Landing Real Estate Listed on: 12/16/2023
Last Buyer's Agent
Josh Soley
Compass Commercial Brokers, LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,243
Year Built
- Built in 1900
Lot Details
- 1,307 Sq Ft Lot
- Level Lot
Parking
- No Driveway
Home Design
- Slab Foundation
- Membrane Roofing
- Wood Siding
- Block Exterior
- Masonry
Interior Spaces
- 2,550 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Tile
Location
- The property is located in a historic district
Utilities
- Air Conditioning
- Forced Air Heating System
- Heating System Uses Propane
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Tax Lot 76
- Assessor Parcel Number BIDD-000039-000000-000076
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $15,000
- Gross Income $44,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2023
Closed on
Jan 23, 2024
Sold by
Que Huong Llc
Bought by
Asm Properties Llc
Seller's Agent
Tatiana Morrell
Landing Real Estate
Buyer's Agent
Josh Soley
Compass Commercial Brokers, LLC
List Price
$399,999
Sold Price
$425,000
Premium/Discount to List
$25,001
6.25%
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,907
Avg. Annual Appreciation
9.88%
Original Mortgage
$340,000
Outstanding Balance
$332,883
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$187,024
Purchase Details
Closed on
Nov 16, 2006
Sold by
Booth Betsy J and Booth Ralph D
Bought by
Que Huong Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.33%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Asm Properties Llc | $425,000 | None Available | |
| Asm Properties Llc | $425,000 | None Available | |
| Que Huong Llc | -- | -- | |
| Que Huong Llc | -- | -- | |
| Que Huong Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Asm Properties Llc | $340,000 | |
| Closed | Asm Properties Llc | $340,000 | |
| Previous Owner | Que Huong Llc | $136,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/23/2024 01/23/24 | Sold | $425,000 | +6.3% | $167 / Sq Ft |
| 12/20/2023 12/20/23 | Pending | -- | -- | -- |
| 12/16/2023 12/16/23 | For Sale | $399,999 | -- | $157 / 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 |
|---|---|---|---|---|
| 2025 | $3,538 | $236,800 | $127,500 | $109,300 |
| 2024 | $3,336 | $234,600 | $127,500 | $107,100 |
| 2023 | $3,078 | $234,600 | $127,500 | $107,100 |
| 2022 | $3,243 | $197,600 | $98,000 | $99,600 |
| 2021 | $3,312 | $181,700 | $98,000 | $83,700 |
| 2020 | $3,581 | $178,600 | $98,000 | $80,600 |
| 2019 | $1,868 | $178,600 | $98,000 | $80,600 |
| 2018 | $1,915 | $178,600 | $98,000 | $80,600 |
| 2017 | $6,867 | $178,200 | $98,000 | $80,200 |
| 2016 | $2,258 | $113,700 | $39,200 | $74,500 |
| 2015 | $2,214 | $113,700 | $39,200 | $74,500 |
| 2014 | $2,159 | $113,700 | $39,200 | $74,500 |
| 2013 | -- | $118,400 | $44,600 | $73,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Buyer's Agent in 2024
Josh Soley
Compass Commercial Brokers, LLC
Map
Source: Maine Listings
MLS Number: 1569000
APN: BIDD-000039-000000-000076
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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