NOT LISTED FOR SALE

8 Lessard Ave Biddeford, ME 04005

Estimated Value: $560,000 - $711,000

5 Beds
2 Baths
4,060 Sq Ft
$151/Sq Ft Est. Value

Last Sold June 29, 2022

Last sale price $470,000 $116 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,751/month

15 Days on Market

Highlights

  • Property is near public transit
  • Main Floor Bedroom
  • 1 Car Direct Access Garage
  • Wood Flooring
  • No HOA
  • Bathtub

About This Home

As of June 2022

Excellent opportunity to own a large 2 unit in a fantastic Biddeford location with bonus space rental income. Two large, well maintained apartments with plenty of parking. Bright and sunny units ideal for owner occupancy or investment opportunity with supplemental income extra efficiency space sublet bringing in additional monthly. Gorgeous utility room, nicely done with Buderus boiler only a few years old. Units are currently under market value. Hannaford, ice cream and shopping walking distance and a very short drive to restaurants and shops.
Property can be easily shown with 24 hour notice

Last Agent to Sell the Property

Christine Karales Paul

Your Real Estate Company Listed on: 04/30/2022

Last Buyer's Agent

Lindsay Tracy Poisson

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,331

Year Built

  • Built in 1959

Lot Details

  • 10,019 Sq Ft Lot
  • Landscaped
  • Level Lot

Parking

  • 1 Car Direct Access Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Shed
  • Outbuilding

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 76
  • Assessor Parcel Number BIDD-000033-000000-000076

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $13,891
  • Gross Income $40,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,331

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Coming from the North to Elm street, right on Lessard, property is on the right.
  • Above Grade Finished Sq Ft: 2877.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1959
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.23
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2877.0
  • Property Information:SqFt Finished Below Grade: 1183.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 1.0
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 40200.0
  • Income Expenses Operating Expenses: 13891.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Equipment:Cable: Yes
  • Transportation:Public Transport Access: Yes
  • Equipment:Central Vacuum: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Daylight, Finished, Full, Walk-Out Access
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 1183.0
  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, Storage
  • Full Basement: Yes
  • Amenities 1st Floor Primary BR wBath: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Shingle Siding, Clapboard, Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Other Structures: Outbuilding, Shed(s)
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Inside Entrance, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: BIDD-000033-000000-000076
  • Zoning: R1A

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 40200.0
  • Annual Operating Expense: 13891.0

Tax Info

  • Tax Annual Amount: 4331.0
  • Tax Book Number: 15614
  • Tax Lot: 76
  • Tax Map Number: 33
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2011
Sold by
Biddeford & Saco Water Co
Bought by
Perkins Sheena and Perkins James
Current Estimated Value
$612,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,285
Interest Rate
4.88%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 23, 2009
Sold by
Us Bank Na Tr
Bought by
Mcalevey Shaun and Moses Lindsey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,192
Interest Rate
4.93%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 2005
Sold by
Moses Lindsey L
Bought by
Mcalevey Shaun L and Moses Lindsey L

Purchase Details

Closed on
Feb 28, 2005
Sold by
Linton Elizabeth
Bought by
Perkins Sheena M and Perkins James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Perkins Sheena -- --
Mcalevey Shaun $155,000 --
Mcalevey Shaun L -- --
Perkins Sheena M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcalevey Shaun $152,192
Previous Owner Perkins Sheena M $220,000
Previous Owner Perkins Sheena M $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $470,000 -13.9% $116 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
04/30/2022 04/30/22 For Sale $545,900 -- $134 / 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 $6,191 $435,400 $145,700 $289,700
2023 $5,621 $428,400 $143,100 $285,300
2022 $4,526 $275,800 $80,700 $195,100
2021 $4,331 $237,600 $68,200 $169,400
2020 $4,124 $205,700 $62,000 $143,700
2019 $4,110 $205,700 $62,000 $143,700
2018 $4,052 $205,700 $62,000 $143,700
2017 $4,010 $199,800 $62,000 $137,800
2016 $3,968 $199,800 $62,000 $137,800
2015 $3,695 $199,800 $62,000 $137,800
2014 $3,604 $199,800 $62,000 $137,800
2013 -- $217,000 $73,800 $143,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1526531

Maine Listings

APN: BIDD-000033-000000-000076