NOT LISTED FOR SALE

1040 Ocean Ave Portland, ME 04103

North Deering Neighborhood

Estimated Value: $329,000 - $361,000

4 Beds
1.5 Baths
2,097 Sq Ft
$168/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $107,000 $51 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $2,047/month

Highlights

  • 1.84 Acre Lot
  • Wooded Lot
  • Bonus Room
  • Colonial Architecture
  • Main Floor Bedroom
  • 5-minute walk to Quarry Run Dog Park

About This Home

As of August 2022

Please do not enter this property. There are life safety issues with the structural integrity and systems.

Last Agent to Sell the Property

Fred Andrews

Spectrum Real Estate Listed on: 04/17/2022

Last Buyer's Agent

Fred Andrews

Spectrum Real Estate Listed on: 04/17/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1790

Lot Details

  • 1.84 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned Zone X

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,097 Sq Ft Home
  • Living Room
  • Dining Room
  • Bonus Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking

Utilities

  • No Cooling
  • Heating Available
  • Natural Gas Not Available
  • No Water Heater
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 2 / A
  • Assessor Parcel Number PTLD-000415-A000002-000001

Home Details

Home Type

Single Family

Year Built

Built in 1790

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.84
  • MLS Status: Closed
  • Directions: Off Ocean Ave near the intersection of Presumscot
  • Above Grade Finished Sq Ft: 2097.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1790
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.84
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2097.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement:Unfinished: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Parking:On Site2: Yes
  • Bonus Room:Bonus Room: Yes
  • Style:Colonial: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Utility Info Electric On Site: Yes
  • Washer/Dryer Other Location: Yes
  • Water Heater:None2: Yes
  • Heat System:No Heat System: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Has Basement: Partial, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Rolling Slope, Wooded, Near Town, Other
  • Waterfront: No
  • Construction Type: Other, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, 5 - 10 Spaces, Gravel, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: No Heat System
  • Heating Yn: Yes
  • Electric: On Site, Circuit Breakers
  • Sewer: Septic Existing on Site
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Portland Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 80150.4
  • Parcel #: PTLD-000415-A000002-000001
  • Zoning: Zone X

Tax Info

  • Tax Annual Amount: 4448.0
  • Tax Block: A
  • Tax Book Number: 21520
  • Tax Lot: 2
  • Tax Map Number: 415
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2022
Closed on
Aug 19, 2022
Sold by
Williams Ricky D
Bought by
77 Property Mgmt Llc
Seller's Agent
Fred Andrews
Spectrum Real Estate
Buyer's Agent
Fred Andrews
Spectrum Real Estate
List Price
$125,000
Sold Price
$107,000
Premium/Discount to List
-$18,000
-14.4%
Current Estimated Value
$351,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,706
Avg. Annual Appreciation
47.72%
Original Mortgage
$134,914
Outstanding Balance
$129,125
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$222,581

Purchase Details

Closed on
Mar 15, 2011
Sold by
Williams Ricky D
Bought by
Citimortgage Inc
Source: Public Records

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
77 Property Mgmt Llc $107,000 None Available
Citimortgage Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 77 Property Mgmt Llc $134,914
Previous Owner Williams Ricky D $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $107,000 -14.4% $51 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
04/17/2022 04/17/22 For Sale $125,000 -- $60 / 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 $1,746 $116,300 $96,700 $19,600
2023 $1,676 $116,300 $96,700 $19,600
2022 $4,660 $342,400 $96,700 $245,700
2021 $4,448 $342,400 $96,700 $245,700
2020 $4,420 $189,600 $131,000 $58,600
2019 $4,420 $189,600 $131,000 $58,600
2018 $4,105 $189,600 $131,000 $58,600
2017 $4,105 $189,600 $131,000 $58,600
2016 $4,002 $189,600 $131,000 $58,600
2015 $3,911 $189,600 $131,000 $58,600
2014 $3,792 $189,600 $131,000 $58,600
Source: Public Records

Agents Affiliated with this Home

  • Fred Andrews

    Seller's Agent in 2022

    Fred Andrews

    Spectrum Real Estate

    (207) 233-6699

    4 in this area

    122 Total Sales

    Fred Andrews
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Map

Source: Maine Listings

MLS Number: 1524989

Maine Listings

APN: PTLD-000415-000000-A002001

Maine Cumberland County Portland 04103 North Deering

1040 Ocean Ave, Portland, ME

This home is located at 1040 Ocean Ave, Portland, ME 04103 since 17 April 2022 and is currently estimated at $351,706, approximately $167 per square foot. This property was built in 1790. 1040 Ocean Ave is a home located in Cumberland County with nearby schools including Lyman Moore Middle School, St. Brigid School, and Levey Day School.

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.

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