NOT LISTED FOR SALE

86 Prospect St Biddeford, ME 04005

Estimated Value: $432,957 - $525,000

5 Beds
2 Baths
2,340 Sq Ft
$209/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $382,750 $164 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,089/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Porch
  • Programmable Thermostat
  • No HOA
  • Tile Flooring
  • Baseboard Heating

About This Home

As of October 2021

This apartment building is in a very quiet neighborhood but minutes from downtown Biddeford. The layout of the apartments are nearly identical. The bedrooms are 12'x12' and living room is 15'x16 and Kitchen is 15'x15' with lots of cabinets and more than enough room to put your dining table in the kitchen. Large mud room, laundry hookups, and storage space are other good features of this apartments. The apartments also has large porch to put your barbecue stuff and some chairs for the summer. The second floor has been updated in 2018 with laminated floors in Livingroom and bedrooms , marble tiles in the kitchen and bathroom. The modern bathroom has stand up shower with water power massagers and the bathroom fan has Bluetooth speakers which you can put music from your smart phone. The tenants are also the best tenant you ever want. They are clean, quiet and pay on time with automatic deposit to my bank account every month. I am sure if you see it, you will fall in love with it. Come to the open house on Sunday 8/22/2021 from 1pm to 3pm or call your broker to set up a privet showing. Please note that seller is a licensed real estate broker in state of Maine and represents himself on the sale of this property''

Last Listed By

Shahram Safari

Keller Williams Realty Listed on: 08/18/2021

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,026

Year Built

  • Built in 1875

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • Colonial Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,340 Sq Ft Home
  • Multi-Level Property
  • Storm Doors

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Programmable Thermostat
  • Natural Gas Not Available

Additional Features

  • ENERGY STAR/CFL/LED Lights
  • Porch

Listing and Financial Details

  • Tax Lot 255
  • Assessor Parcel Number BIDD-000034-000000-000255

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $10,712
  • Gross Income $30,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,026

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2340.0
  • Architectural Style: Duplex, Colonial, Multi-Level
  • Garage Yn: No
  • Efficiency: Storm Doors, Programmable Thermostat, LED Light Fixtures
  • Year Built: 1875
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2340.0
  • 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: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
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 30240.0
  • Income Expenses Operating Expenses: 10711.73
  • Style:Multi-Level: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Style:Duplex: Yes
  • Foundation Materials:Granite2: Yes
  • Roof:Membrane: Yes
  • Basement Entry:Exterior Only: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Energy Efficiency:Programmable Thermostat: Yes
  • Energy Efficiency:LED Light Fixtures: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Exterior Only, Unfinished
  • Full Bathrooms: 2
  • Flooring: Vinyl, Tile, Laminate, Carpet
  • Interior Amenities: Pantry
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite
  • Patio And Porch Features: Porch
  • Roof: Membrane, Pitched
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, 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: 5227.2
  • Parcel #: BIDD-000034-000000-000255
  • Zoning: R2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30240.0
  • Annual Operating Expense: 10711.73

Tax Info

  • Tax Annual Amount: 3026.0
  • Tax Book Number: 17571
  • Tax Lot: 255
  • Tax Map Number: 34
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Oct 8, 2021
Sold by
Safari Shahram
Bought by
Brown James R
Seller's Agent
Shahram Safari
Keller Williams Realty
Buyer's Agent
Eric Meadows
Portside Real Estate Group
List Price
$369,000
Sold Price
$382,750
Premium/Discount to List
$13,750
3.73%
Total Days on Market
7
Current Estimated Value
$488,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,239
Avg. Annual Appreciation
7.04%
Original Mortgage
$304,000
Outstanding Balance
$280,210
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$208,779

Purchase Details

Listed on
Sep 19, 2017
Closed on
Sep 29, 2017
Sold by
Hale Michael P
Bought by
Safari Shahram
Seller's Agent
Joey Radford
OceanView Properties
Buyer's Agent
Shahram Safari
Keller Williams Realty
List Price
$189,900
Sold Price
$183,000
Premium/Discount to List
-$6,900
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.09%
Original Mortgage
$164,700
Interest Rate
3.89%
Mortgage Type
Unknown

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
Brown James R -- None Available
Safari Shahram -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown James R $304,000
Previous Owner Safari Shahram $164,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $382,750 +3.7% $164 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $369,000 +101.6% $158 / Sq Ft
09/29/2017 09/29/17 Sold $183,000 -3.6% $78 / Sq Ft
09/19/2017 09/19/17 For Sale $189,900 -- $81 / Sq Ft
08/22/2017 08/22/17 Pending -- -- --
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 $4,538 $319,100 $142,100 $177,000
2023 $4,118 $313,900 $139,600 $174,300
2022 $3,325 $202,600 $71,800 $130,800
2021 $3,172 $174,000 $60,800 $113,200
2020 $3,026 $150,900 $55,300 $95,600
2019 $3,015 $150,900 $55,300 $95,600
2018 $2,973 $150,900 $55,300 $95,600
2017 $2,946 $146,800 $55,300 $91,500
2016 $2,915 $146,800 $55,300 $91,500
2015 $2,858 $146,800 $55,300 $91,500
2014 $2,788 $146,800 $55,300 $91,500
2013 -- $158,900 $62,200 $96,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1505698

Maine Listings

APN: BIDD-000034-000000-000255