NOT LISTED FOR SALE

68 W Cutts St Unit 70 Biddeford, ME 04005

Estimated Value: $478,275

5 Beds
2 Baths
2,256 Sq Ft
$212/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $255,000 $113 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,046/month

13 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Property is near public transit
  • Corner Lot
  • Porch

About This Home

As of March 2020

Current or aspiring investors, take note! Owner-occupy or lease both sides in this well-maintained duplex. Take advantage of the downtown Biddeford amenities close by. Recent cosmetic upgrades, new kitchens 2018, appliances 2018, flooring 2018, roof and siding were replaced in 2012 and 2013, and each unit has natural gas heat installed. 4 Off street parking spaces

Last Listed By

Veronica Schneider

Portside Real Estate Group Listed on: 01/14/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,430

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Street terminates at a dead end
  • Corner Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Vinyl Siding
  • Clapboard

Interior Spaces

  • 2,256 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

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

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number BIDD-000037-000000-000056

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $4,983
  • Gross Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,430

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From westbound Main Street in Biddeford, left on Harvey Street, left on W Cutts Street. 68-70 is the last house on the left.
  • Above Grade Finished Sq Ft: 2256.0
  • Architectural Style: Duplex, Colonial
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2256.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 23400.0
  • Income Expenses Operating Expenses: 4982.57
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Roads:Dead End: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Utility Info Electric On Site: Yes
  • Parking Other Parking: Yes
  • Location:Near Railroad: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Other, Shower
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Intown, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Clapboard, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Other, Paved

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Direct Vent Furnace, Baseboard
  • Heating Yn: Yes
  • Electric: On Site, 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: 4791.6
  • Parcel #: BIDD-000037-000000-000056
  • Zoning: R2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23400.0
  • Annual Operating Expense: 4982.57

Tax Info

  • Tax Annual Amount: 2430.0
  • Tax Book Number: 16725
  • Tax Lot: 56
  • Tax Map Number: 37
  • Tax Year: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2020
Closed on
Mar 12, 2020
Sold by
Cma Properties Llc
Bought by
Corbett Kaitlyn
Seller's Agent
Veronica Schneider
Portside Real Estate Group
Buyer's Agent
Roz Anton
Agency 1 Real Estate
List Price
$269,900
Sold Price
$255,000
Premium/Discount to List
-$14,900
-5.52%
Total Days on Market
13
Current Estimated Value
$478,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,275
Avg. Annual Appreciation
12.91%
Original Mortgage
$250,381
Outstanding Balance
$224,115
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$254,160

Purchase Details

Closed on
Jul 3, 2018
Sold by
Hang Long
Bought by
Cma Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2013
Sold by
Geraldine D Litalien Ret
Bought by
Hang Long

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2010
Sold by
Pledged Prop 2 Llc
Bought by
Balfour Prop Mgmt L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,945
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2009
Sold by
Ernest Joshua
Bought by
Pledged Property 2 Llc

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
Corbett Kaitlyn -- None Available
Cma Properties Llc -- --
Hang Long -- --
Balfour Prop Mgmt L L C $59,000 --
Pledged Property 2 Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corbett Kaitlyn $250,381
Previous Owner Cma Properties Llc $140,000
Previous Owner Hang Long $12,500
Previous Owner Hang Long $95,000
Previous Owner Pledged Property 2 Llc $83,945
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2020 03/12/20 Sold $255,000 -5.5% $113 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
01/14/2020 01/14/20 For Sale $269,900 -- $120 / 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 $4,742 $333,500 $125,900 $207,600
2023 $4,335 $330,400 $125,900 $204,500
2022 $3,541 $215,800 $62,300 $153,500
2021 $3,365 $184,600 $51,900 $132,700
2020 $3,130 $156,100 $44,100 $112,000
2019 $2,430 $121,600 $44,100 $77,500
2018 $7,245 $121,600 $44,100 $77,500
2017 $7,836 $118,300 $44,100 $74,200
2016 $2,349 $118,300 $44,100 $74,200
2015 $2,303 $118,300 $44,100 $74,200
2014 $2,247 $118,300 $44,100 $74,200
2013 -- $144,300 $56,900 $87,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1442399

Maine Listings

APN: BIDD-000037-000000-000056