Seller's Agent in 2023
Lauren Jones
F.O. Bailey Real Estate
(207) 781-1111
1 in this area
82 Total Sales
75 Birch St Biddeford, ME 04005
Downtown Biddeford NeighborhoodEstimated Value: $453,000 - $553,000
5
Beds
2
Baths
2,765
Sq Ft
$179/Sq Ft
Est. Value
Highlights
- Property is near public transit
- New Englander Architecture
- Attic
- Wood Flooring
- Main Floor Bedroom
- Corner Lot
About This Home
As of September 2023A charming 2-unit on a corner lot in Biddeford. This multi-family investment opportunity features two updated 3-bedroom apartments. The building presents an excellent chance for investors seeking a value-driven investment in a sought-after location. Both units feature private entrances with three bedrooms and one bathroom, making them ideal for tenants seeking comfortable living spaces. The units are rentable as-is, providing an immediate income stream, or they can be renovated to maximize income generation. The first-floor unit holds a flexible layout, catering to various types of tenants. Alongside its three bedrooms, it includes an extra room that can potentially be utilized as an additional bedroom or versatile office space. The upstairs unit offers convenient access to ample storage space in the attic. The extra under-utilized square footage plus the garage space leaves room for upside and customization. Benefiting from its prime location 0.4 miles from the booming downtown Biddeford (nationally termed the quiet sister of Portland'), this property provides proximity to an array of amenities, beaches, shops, trendy restaurants, and easy access to public transportation.
Last Buyer's Agent
Jamie Fortier
Coldwell Banker Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,787
Year Built
- Built in 1910
Lot Details
- 9,583 Sq Ft Lot
- Landscaped
- Corner Lot
Parking
- 1 Car Attached Garage
- Driveway
Home Design
- New Englander Architecture
- Brick Foundation
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2,765 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
- Attic
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Partial Basement
- Interior and Exterior Basement Entry
- Dirt Floor
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Hot Water Heating System
- Natural Gas Not Available
- Oil Water Heater
- Internet Available
- Cable TV Available
Additional Features
- Patio
- Property is near public transit
Listing and Financial Details
- Tax Lot 13
- Assessor Parcel Number BIDD-000039-000000-000013
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $10,087
- Gross Income $48,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 25, 2023
Closed on
Sep 22, 2023
Sold by
Thomas Anthony P
Bought by
Mutamba Henock K and Sonesson Hanna M
Seller's Agent
Lauren Jones
F.O. Bailey Real Estate
Buyer's Agent
Jamie Fortier
Coldwell Banker Realty
List Price
$435,000
Sold Price
$445,000
Premium/Discount to List
$10,000
2.3%
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
$48,646
Avg. Annual Appreciation
4.85%
Original Mortgage
$407,508
Outstanding Balance
$398,865
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$94,781
Purchase Details
Listed on
Jul 27, 2015
Closed on
Nov 28, 2016
Sold by
Thompson Seth A
Bought by
Thomas Anthony P
Seller's Agent
David Trottier
RE/MAX Realty One
Buyer's Agent
Jessica Falcone
Landing Real Estate
List Price
$158,000
Sold Price
$109,000
Premium/Discount to List
-$49,000
-31.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.87%
Original Mortgage
$107,025
Interest Rate
3.47%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 27, 2006
Sold by
Palmer Cheryl L and Palmer Wayne D
Bought by
Green Karen A and Green Peter P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
9%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 |
|---|---|---|---|
| Mutamba Henock K | $445,000 | None Available | |
| Thomas Anthony P | -- | -- | |
| Green Karen A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mutamba Henock K | $407,508 | |
| Previous Owner | Thomas Anthony P | $107,025 | |
| Previous Owner | Green Karen A | $216,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/22/2023 09/22/23 | Sold | $445,000 | +2.3% | $161 / Sq Ft | |
| 08/05/2023 08/05/23 | Pending | -- | -- | -- | |
| 07/25/2023 07/25/23 | For Sale | $435,000 | +299.1% | $157 / Sq Ft | |
| 11/23/2016 11/23/16 | Sold | $109,000 | -31.0% | $39 / Sq Ft | View Prior Sale |
| 08/24/2016 08/24/16 | Pending | -- | -- | -- | |
| 03/10/2015 03/10/15 | For Sale | $158,000 | -- | $57 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $4,923 | $346,200 | $127,800 | $218,400 |
| 2023 | $4,500 | $343,000 | $127,800 | $215,200 |
| 2022 | $3,787 | $230,800 | $67,500 | $163,300 |
| 2021 | $3,599 | $197,400 | $55,200 | $142,200 |
| 2020 | $3,290 | $164,100 | $42,900 | $121,200 |
| 2019 | $3,279 | $164,100 | $42,900 | $121,200 |
| 2018 | $3,233 | $164,100 | $42,900 | $121,200 |
| 2017 | $3,195 | $159,200 | $42,900 | $116,300 |
| 2016 | $3,162 | $159,200 | $42,900 | $116,300 |
| 2015 | $3,100 | $159,200 | $42,900 | $116,300 |
| 2014 | $3,023 | $159,200 | $42,900 | $116,300 |
| 2013 | -- | $200,600 | $66,100 | $134,500 |
Source: Public Records
Agents Affiliated with this Home
-
Lauren Jones
-
J
Buyer's Agent in 2023
Jamie Fortier
Coldwell Banker Realty
-
D
Seller's Agent in 2016
David Trottier
RE/MAX
-
J
Buyer's Agent in 2016
Jessica Falcone
Landing Real Estate
Map
Source: Maine Listings
MLS Number: 1563096
APN: BIDD-000039-000000-000013
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