NOT LISTED FOR SALE

81 May St Biddeford, ME 04005

-- Bed
4 Baths
4,397 Sq Ft
0.25 Acres

Last Sold July 09, 2021

Last sale price $609,000 $139 Per Sq Ft

6 Days on Market

Highlights

  • Public Beach
  • Wood Flooring
  • Forced Air Zoned Heating System
  • Deck
  • No HOA
  • Baseboard Heating

About This Home

As of July 2021

Showings THUR 4/15 from 4:00p-6:00p, SAT 4/17 from 12:00p-4:00p, and SUN 4/18 from 12:00p-4:00p.Offers due 4/19 at 12:00p. This solidly built, well maintained multi has a great rental history and a wonderfully convenient location. Easy access to the turnpike and close to downtown Biddeford restaurants and shopping. There is off-street parking for 8 vehicles and the building has easy to maintain vinyl siding. The current owner's unit has been extensively remodeled and almost all windows in the building have been replaced. There are washer/dryer hookups in each unit and leases in place for 3 of the 4 units.

Last Agent to Sell the Property

Katherine Hooper

Bean Group Listed on: 04/12/2021

Last Buyer's Agent

Samuel Pecor

Fontaine Family-The Real Estate Leader

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,965

Year Built

  • Built in 1934

Lot Details

  • 0.25 Acre Lot
  • Public Beach
  • Level Lot
  • Open Lot

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 4,397 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Radiator
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 77
  • Assessor Parcel Number BIDD-000027-000000-000077

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $13,755
  • Gross Income $47,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,965

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From South Street or Alfred Street, take May Street to #81.
  • Above Grade Finished Sq Ft: 4397.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1934
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 129.41
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4397.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: 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:Tile2: 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
  • Exterior:Vinyl Siding: 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: 4
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 47800.0
  • Income Expenses Operating Expenses: 13755.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Parking:Paved3: Yes
  • Equipment:Internet Access Available: Yes
  • Equipment:Cable: Yes
  • Water Heater:Tank: Yes
  • Heat System:Radiator: Yes
  • Roof:Membrane: Yes
  • Basement Entry:Exterior Only: Yes
  • Roof:Flat: Yes
  • Advertising Remarks:Advertising Remarks: FOR MORE INFO, CONTACT Listing Broker | Kathie Hooper at 207.749.1168 or kathie.hooper@beangroup.com.This solidly built, well maintained multi has a great rental history and a wonderfully convenient location. Easy access to the turnpike and close to downtown Biddeford restaurants and shopping. There is off-street parking for 8 vehicles and the building has easy to maintain vinyl siding. The current owner's unit has been extensively remodeled and almost all windows in the building have been replaced. There are washer/dryer hookups in each unit and leases in place for 3 of the 4 units.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Partial, Exterior Entry, Bulkhead, Exterior Only
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl, Tile, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Flat, Membrane
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Multi-Zones, Hot Water, Forced Air, Baseboard
  • 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: 10890.0
  • Parcel #: BIDD-000027-000000-000077
  • Zoning: R1A

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 47800.0
  • Annual Operating Expense: 13755.0

Tax Info

  • Tax Annual Amount: 5965.0
  • Tax Lot: 77
  • Tax Year: 2020
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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
07/09/2021 07/09/21 Sold $609,000 +7.0% $139 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $569,000 -- $129 / 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 $7,948 $558,900 $221,400 $337,500
2023 $7,282 $555,000 $217,500 $337,500
2022 $6,653 $405,400 $122,500 $282,900
2021 $6,297 $345,400 $103,700 $241,700
2020 $5,965 $297,500 $94,300 $203,200
2019 $5,944 $297,500 $94,300 $203,200
2018 $715 $297,500 $94,300 $203,200
2017 $773 $264,000 $94,300 $169,700
2016 $5,243 $264,000 $94,300 $169,700
2015 $5,140 $264,000 $94,300 $169,700
2014 $5,013 $264,000 $94,300 $169,700
2013 -- $300,200 $104,000 $196,200
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1487294

Maine Listings