$655,000
SOLD DEC 17, 2024

9 W Myrtle St Biddeford, ME 04005

-- Bed
3.5 Baths
5,572 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$118 Per Sq Ft

4% Above List Price

76 Days on Market

Highlights

  • Public Beach
  • Wood Flooring
  • Porch
  • Property is near public transit
  • No HOA
  • Hot Water Heating System

About This Home

As of December 2024

Fantastic investment opportunity, or a great option for owner-occupied living in bustling downtown Biddeford! This 3-unit building has a 1br/1ba, a 3br/1.5ba, one newly renovated 2br/1ba unit, as well as the Code Enforcement Office has verbally communicated that an additional 2 units could be added. Washer/Dryer hook-ups in each unit. Washers and Dryers belong to existing tenants. Building is fully rented. Long-term tenants are now on month to month lease terms.

Last Agent to Sell the Property

Jason Legassie

EXP Realty Listed on: 10/02/2024

EXP Realty

Last Buyer's Agent

Jason Legassie

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,914

Year Built

  • Built in 1885

Lot Details

  • 10,019 Sq Ft Lot
  • Public Beach
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

  • Brick Basement
  • Interior Basement Entry
  • Dirt Floor

Parking

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

Location

  • Property is near public transit
  • Property is near a golf course
  • Suburban Location
  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available

Additional Features

  • Porch

Listing and Financial Details

  • Tax Lot 183
  • Assessor Parcel Number BIDD-000034-000000-000183

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $21,527
  • Gross Income $52,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,914

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3876.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1885
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 162.41
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.23
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3876.0
  • Property Information:SqFt Finished Below Grade: 1696.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: 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
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 52320.0
  • Income Expenses Operating Expenses: 21527.0
  • Location:Near Public Beach: Yes
  • Basement:Dirt Floor: Yes
  • Basement:BrickMortar: Yes
  • Exterior:Brick: Yes
  • Heat System:Radiator: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Parking:On Street: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Restrictions:No Cats Allowed: Yes
  • Advertising Remarks:Advertising Remarks: Fantastic investment opportunity, or a great option for owner-occupied living in bustling downtown Biddeford! This 3-unit building has a 1br/1ba, a 3br/1.5ba, one newly renovated 2br/1ba unit, as well as the Code Enforcement Office has verbally communicated that an additional 2 units could be added. Washer/Dryer hook-ups in each unit. Washers and Dryers belong to existing tenants. Building is fully rented. Long-term tenants are now on month to month lease terms.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Dirt Floor, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Below Grade Sq Ft: 1696.0
  • Flooring: Wood, Vinyl, Tile, Laminate, Carpet

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Suburban, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Concrete, Brick, Wood Frame
  • Foundation Details: Stone, Granite, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Cats Allowed, No Dogs Allowed

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: BIDD-000034-000000-000183
  • Zoning: MSRD2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 52320.0
  • Annual Operating Expense: 21527.0

Tax Info

  • Tax Annual Amount: 5914.0
  • Tax Lot: 183
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2024
Closed on
Dec 17, 2024
Sold by
Legassie Monalee G
Bought by
Lokanda Celine and Ngola Papy
Seller's Agent
Jason Legassie
EXP Realty
Buyer's Agent
Jason Legassie
EXP Realty
List Price
$629,500
Sold Price
$655,000
Premium/Discount to List
$25,500
4.05%
Views
16
Current Estimated Value
$703,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,508
Avg. Annual Appreciation
7.64%
Original Mortgage
$643,136
Outstanding Balance
$636,919
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$66,589

Purchase Details

Listed on
Jul 18, 2017
Closed on
Sep 6, 2017
Sold by
Laflamme Michael A
Bought by
Legassie Monalee G
Seller's Agent
David Trottier
Realty Sales Inc
Buyer's Agent
David Legassie
Great American Realty
List Price
$254,900
Sold Price
$254,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.82%
Original Mortgage
$191,175
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2013
Sold by
Laflamme Normand R Est and Benson
Bought by
Laflamme Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.35%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Personal Reps Deed -- --
Personal Reps Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $643,136 FHA
Closed $643,136 FHA
Previous Owner $191,175 New Conventional
Previous Owner $100,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2024 12/18/24 Pending -- -- --
12/17/2024 12/17/24 Sold $655,000 +4.1% $118 / Sq Ft
10/02/2024 10/02/24 For Sale $629,500 +147.0% $113 / Sq Ft
09/05/2017 09/05/17 Sold $254,900 0.0% $66 / Sq Ft View Prior Sale
07/20/2017 07/20/17 Pending -- -- --
07/18/2017 07/18/17 For Sale $254,900 -- $66 / 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 $6,473 $455,200 $136,600 $318,600
2023 $5,914 $450,800 $136,600 $314,200
2022 $5,018 $305,800 $74,400 $231,400
2021 $4,820 $264,400 $62,000 $202,400
2020 $4,351 $217,000 $52,700 $164,300
2019 $4,336 $217,000 $52,700 $164,300
2018 $4,275 $217,000 $52,700 $164,300
2017 $4,026 $200,600 $52,700 $147,900
2016 $3,984 $200,600 $52,700 $147,900
2015 $3,906 $200,600 $52,700 $147,900
2014 $3,809 $200,600 $52,700 $147,900
2013 -- $264,300 $73,800 $190,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1605576

Maine Listings

APN: BIDD-000034-000000-000183