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227 Elm St., Biddeford, ME 04005

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For Sale
Foreclosure

$756,100

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

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The above stated price is the tax assessed value and a place holder only. The lender reserves the right to bid at the auction. - Real Estate Foreclosure Auction 25-70 - AUCTION PARCEL #2 - 9-Unit Apartment Building - 227 Elm St., Biddeford, Maine - Wednesday, June 18, 2025 at 11AM - Auction to be held at The Biddeford Eagles Function Hall, 57 Birch Street - Real Estate: Consists of a .14+/- acre corner lot with 57+/- ft. of frontage on Elm St. and 103+/- ft. of frontage on Wentworth Ct. The property is improved with a circa 1900 3-story 6,072 SF 9-unit apartment building. The building contains (3) studio units, (3) 1-bedroom units and (3) 2-bedroom units each having a kitchen/dining area, living room and bath with 1-unit being finished and 8-units unfinished. Other amenities to the property include new windows and siding, plumbing and electrical ruffed in, spray foam insulation, Luchinvar furnace, FireTube boiler with individual zones, and an asphalt roof. The property is in the MSRD2 zone. Reference Map 38, Lot 205. - Buyer Broker Participation Available. Contact Auctioneer For Qualifications and Form. - Terms: A $10,000 deposit in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., (deposited with the Auctioneer as a qualification to bid), with balance due and payable within 30 days from date of auction. The deposit must be increased to 10% of the purchase price within 5-business days of the public sale. The property will be sold by public auction subject to all outstanding municipal assessments. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction number 25-70. Our 53rd Year and 8,768th Auction.
MLS# 11500305

Courtesy Of Keenan Auction Company, Inc.
1 Runway Rd., South Portland, ME
(207) 885-5100

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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