103 Read St Portland, ME 04103
Back Cove NeighborhoodEstimated payment $9,291/month
Highlights
- Property is near a beach
- 1.41 Acre Lot
- Wooded Lot
- View of Trees or Woods
- Property is near public transit and shops
- No HOA
About This Lot
103 Read Street presents a substantial 1.41 acre offering in Portland, combining an existing three unit property with three additional vacant lots and compelling long term potential. The existing multi-family includes three residential units, while the additional acreage creates an opportunity to explore a range of future uses or development possibilities. A conceptual development plan explores the potential of an 8-16 unit Cottage Court community, subject to municipal review and approvals. The location offers convenient access to Back Cove, Baxter Boulevard, Payson Park, USM, downtown Portland, public transportation, and major commuter routes. With significant acreage in an established Portland neighborhood, 103 Read Street offers an intriguing opportunity for an investor, developer, or buyer looking to take a longer term approach to the property. Property is being sold as-is.
Property Details
Property Type
- Land
Est. Annual Taxes
- $12,561
Lot Details
- 1.41 Acre Lot
- Property fronts a freeway
- Level Lot
- Wooded Lot
- Property is zoned RN1
Property Views
- Views of Woods
Parking
- Paved Parking
- On-Street Parking
- On-Site Parking
Location
- Property is near public transit and shops
- Near Waterfront
Listing and Financial Details
- Tax Lot 14, 3, 28
Community Details
Overview
- No Home Owners Association
Recreation
- Property is near a beach
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $10,297 | $859,500 | $186,600 | $672,900 |
| 2024 | $8,649 | $576,200 | $73,300 | $502,900 |
| 2023 | $8,303 | $576,200 | $73,300 | $502,900 |
| 2022 | $7,842 | $576,200 | $73,300 | $502,900 |
| 2021 | $7,485 | $576,200 | $73,300 | $502,900 |
| 2020 | $5,879 | $252,200 | $75,800 | $176,400 |
| 2019 | $5,879 | $252,200 | $75,800 | $176,400 |
| 2018 | $5,669 | $252,200 | $75,800 | $176,400 |
| 2017 | $5,460 | $252,200 | $75,800 | $176,400 |
| 2016 | $5,324 | $252,200 | $75,800 | $176,400 |
| 2015 | $5,203 | $252,200 | $75,800 | $176,400 |
| 2014 | $5,044 | $252,200 | $75,800 | $176,400 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/20/2026 08/20/26 | For Sale | $1,500,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $442,500 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $380,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $36,000 | Unknown | |
| Previous Owner | $355,800 | Unknown |
Source: Maine Listings
MLS Number: 1677063
APN: PTLD-000141-000000-J014001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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