NOT LISTED FOR SALE

73 Prospect St Biddeford, ME 04005

Estimated Value: $527,000 - $595,000

3 Beds
3 Baths
2,210 Sq Ft
$254/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $325,000 $147 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,445/month

2 Days on Market

Highlights

  • New Englander Architecture
  • No HOA
  • Baseboard Heating
  • Corner Lot
  • Forced Air Heating System
  • Asbestos

About This Home

As of September 2020

New to the MKT - A great opportunity to own a 3-Unit investment property in Biddeford. Located on the corner of Prospect Street and Winter Street this building offers plenty of off-street parking and is close to local conveniences. You'll find 3 well cared for units with many recent updates, efficient heating system, and more! Showings begin Thursday 7/9 between 10:00 – 3:00pm. Don't let this opportunity pass you by!

Last Agent to Sell the Property

Greg Robert

Coldwell Banker Realty Brokerage Phone: 207-282-5988 Listed on: 07/07/2020

Coldwell Banker Realty

Last Buyer's Agent

Catherine Hodge

F.O. Bailey Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,081

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Fiberglass Roof
  • Asbestos Siding
  • Vinyl Siding
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 2,210 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Finished Basement

  • Partial Basement
  • Interior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 315
  • Assessor Parcel Number BIDD-000034-000000-000315

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $9,447
  • Gross Income $24,225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,081

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Alfred St to Clark St to Prospect St. Property on the corner of Prospect and Winter St.
  • Above Grade Finished Sq Ft: 2210.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Attribution Contact: 207-282-5988
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2210.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 24225.0
  • Income Expenses Operating Expenses: 9447.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Basement:Crawl Space: Yes
  • Roof:Pitched: Yes
  • Equipment:Internet Access Available: Yes
  • Foundation Materials:Granite2: Yes
  • Exterior:Asbestos: Yes
  • Style:New Englander: Yes
  • Electric:Fuses: Yes
  • Roof:Fiberglass: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Finished, Partial, Interior Entry
  • Full Bathrooms: 3
  • Flooring: Vinyl, Laminate, Carpet
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Asbestos, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter
  • Roof: Fiberglass, Pitched, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Fuses, 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: 6098.4
  • Parcel #: BIDD-000034-000000-000315
  • Zoning: R2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 24225.0
  • Annual Operating Expense: 9447.0

Tax Info

  • Tax Annual Amount: 3081.0
  • Tax Book Number: 12311
  • Tax Lot: 315
  • Tax Map Number: 34
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Sep 3, 2020
Sold by
Katon Laurie
Bought by
Dumont Neil C
Seller's Agent
Greg Robert
Coldwell Banker Realty
Buyer's Agent
Catherine Hodge
F.O. Bailey Real Estate
List Price
$309,900
Sold Price
$325,000
Premium/Discount to List
$15,100
4.87%
Current Estimated Value
$561,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,136
Avg. Annual Appreciation
11.64%
Original Mortgage
$243,750
Outstanding Balance
$217,194
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$343,942

Purchase Details

Closed on
Mar 14, 2019
Sold by
Katon Laurie and Mackin Laurie
Bought by
Katon Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

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
Dumont Neil C -- None Available
Katon Laurie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dumont Neil C $243,750
Previous Owner Katon Laurie $144,000
Previous Owner Mackin Laurie $131,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2020 09/03/20 Sold $325,000 +4.9% $147 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $309,900 -- $140 / 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 $4,661 $327,800 $137,800 $190,000
2023 $4,234 $322,700 $135,400 $187,300
2022 $3,466 $211,200 $73,200 $138,000
2021 $3,327 $182,500 $61,900 $120,600
2020 $3,092 $154,200 $56,300 $97,900
2019 $3,081 $154,200 $56,300 $97,900
2018 $3,038 $154,200 $56,300 $97,900
2017 $3,173 $158,100 $56,300 $101,800
2016 $3,140 $158,100 $56,300 $101,800
2015 $3,078 $158,100 $56,300 $101,800
2014 $3,002 $158,100 $56,300 $101,800
2013 -- $173,500 $63,100 $110,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1459348

Maine Listings

APN: BIDD-000034-000000-000315