NOT LISTED FOR SALE

56 Cutts St Biddeford, ME 04005

Downtown Biddeford Neighborhood
Studio
5 Baths
6,503 Sq Ft
7,841 Sq Ft Lot

Last Sold August 09, 2024

Last sale price $775,000 $119 Per Sq Ft

33 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • Heating System Uses Natural Gas
  • No HOA
  • Wood Siding

About This Home

As of August 2024

This home is located at 56 Cutts St, Biddeford, ME 04005 since 02 May 2024. This property was built in 1900. 56 Cutts St is a home located in York County with nearby schools including John F Kennedy Memorial School, Biddeford Primary School, and Biddeford Intermediate School.

Last Agent to Sell the Property

Sylas Hatch

The Dunham Group Listed on: 05/02/2024

The Dunham Group

Co-Listed By

Theodore Haffenreffer

The Dunham Group

Last Buyer's Agent

Heidi Nottonson

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,813

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Full Bathrooms

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tax Lot 60
  • Assessor Parcel Number BIDD-000037-000000-000060

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $28,042
  • Gross Income $83,790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,813

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Road Surface Type: Paved
  • Co List Office Phone: 207-773-7100
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4551.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 170.29
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.18
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 4551.0
  • Property Information:SqFt Finished Below Grade: 1952.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 5
  • Income Expenses Gross Income: 83790.0
  • Income Expenses Operating Expenses: 28042.0
  • Exterior:Wood Siding: Yes
  • Gas:Natural - At Street: Yes
  • Advertising Remarks:Advertising Remarks: We are pleased to offer this professionally managed 5-unit apartment building for sale. Located at 56 Cutts Street in Biddeford, the building offers many recent upgrades including a newer roof, replacement siding and windows, updated electric, and paved off-street parking. The property offers significant upside by increasing under market rents.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Not Applicable, Unfinished
  • Full Bathrooms: 5
  • Below Grade Sq Ft: 1952.0
  • Flooring: Wood, Tile, Laminate, Carpet

Exterior Features

  • Lot Features: Level, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System
  • 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: 7840.8
  • Parcel #: BIDD-000037-000000-000060
  • Zoning: MSRD2

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 83790.0
  • Annual Operating Expense: 28042.0

Tax Info

  • Tax Annual Amount: 6813.0
  • Tax Lot: 60
  • Tax Year: 2023
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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 Prior Sale
08/09/2024 08/09/24 Sold $775,000 0.0% $119 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $775,000 +46.2% $119 / Sq Ft
03/06/2020 03/06/20 Sold $530,000 +1.0% $265,000 / Sq Ft View Prior Sale
01/14/2020 01/14/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $525,000 -- $262,500 / 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 $7,384 $519,300 $124,700 $394,600
2023 $6,813 $519,300 $124,700 $394,600
2022 $6,342 $386,500 $89,900 $296,600
2021 $5,990 $328,600 $74,900 $253,700
2020 $5,556 $277,100 $63,700 $213,400
2019 $5,536 $277,100 $63,700 $213,400
2018 $3,605 $277,100 $63,700 $213,400
2017 $3,413 $242,200 $63,700 $178,500
2016 $4,810 $242,200 $63,700 $178,500
2015 $4,716 $242,200 $63,700 $178,500
2014 $4,599 $242,200 $63,700 $178,500
2013 -- $268,200 $81,700 $186,500
Source: Public Records

Agents Affiliated with this Home

  • Sylas Hatch

    Seller's Agent in 2024

    Sylas Hatch

    The Dunham Group

    (207) 485-5511

    1 in this area

    11 Total Sales

    Sylas Hatch
    Section Image

  • T

    Seller Co-Listing Agent in 2024

    Theodore Haffenreffer

    The Dunham Group

    (207) 773-7100

    1 in this area

    8 Total Sales

    Theodore Haffenreffer
    Section Image

  • H

    Buyer's Agent in 2024

    Heidi Nottonson

    Keller Williams Realty

    (207) 615-8836

    2 in this area

    114 Total Sales

    Heidi Nottonson
    Section Image

  • R

    Seller's Agent in 2020

    Robert Rankin

    RE/MAX

See All Agents

Map

Source: Maine Listings

MLS Number: 1588211

Maine Listings
Maine York County Biddeford 04005 Downtown Biddeford

56 Cutts St, Biddeford, ME

Not Listed for Sale

MultiFamily

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