NOT LISTED FOR SALE

11 Canco Rd Portland, ME 04103

Back Cove Neighborhood

Estimated Value: $572,570 - $665,000

4 Beds
2 Baths
1,472 Sq Ft
$429/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $545,000 $370 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,016/month

2 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Landscaped
  • No HOA
  • Bathtub
  • Baseboard Heating

About This Home

As of June 2022

Ideal owner occupied for 15 Canco, 2 BR, 1 BA with 2 car garage and have tenant pay the majority of your mortgage. Fantastic rental income and low expenses for investment buyer. Both units are fully applianced with stove, microwave, dishwasher, refrigerator, washer and dryer. Efficient natural gas FHW heat, public water and public sewer. Tenants pay all utilities except water and sewer. Convenient Back Cove location, single level living. Full basement each unit with washer/dryer and ample storage located in basement. High walkability score.

Last Listed By

Patricia Simpson

Brady Sullivan Maine Properties LLC Listed on: 06/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,017

Year Built

  • Built in 1966

Lot Details

  • 5,663 Sq Ft Lot
  • Landscaped
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Radon Mitigation System
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,472 Sq Ft Home
  • 1-Story Property
  • Storm Doors
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 11 / D
  • Assessor Parcel Number 11CancoRoadPortland04103

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,227
  • Gross Income $52,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,017

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Forest Avenue to Read Street, Right on Canco Road
  • Above Grade Finished Sq Ft: 1472.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Efficiency: Storm Doors
  • Building Stories: 1
  • Year Built: 1966
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1472.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Gas:Natural - On Site: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 1
  • Income Expenses Gross Income: 52140.0
  • Income Expenses Operating Expenses: 9227.0
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Basement:Sump Pump: Yes
  • Equipment:Air Radon Mitigation System: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Building Info:_pound_ Floors3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Has Basement: Full, Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Tile
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living, Shower
  • Stories: 1
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Garage Door Opener, Detached

Utilities

  • Laundry Features: 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: 5662.8
  • Parcel #: 11CancoRoadPortland04103
  • Zoning: R5

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 52140.0
  • Annual Operating Expense: 9227.0

Tax Info

  • Tax Annual Amount: 5017.0
  • Tax Block: D
  • Tax Book Number: 50604
  • Tax Lot: 11
  • Tax Map Number: 142
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2019
Closed on
Oct 7, 2019
Sold by
Welch Matthew D
Bought by
Simpson Matthew D and Simpson Jennifer P
Seller's Agent
Alexander Martin
Berkshire Hathaway HomeServices Verani Realty
Buyer's Agent
Jeremy Lock
Portside Real Estate Group
List Price
$405,000
Sold Price
$405,000
Total Days on Market
2
Current Estimated Value
$631,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,143
Avg. Annual Appreciation
8.20%
Original Mortgage
$397,664
Outstanding Balance
$352,188
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$278,955

Purchase Details

Closed on
Jun 4, 2015
Sold by
Davenport Caleb P
Bought by
Welch Matthew D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,381
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 2, 2006
Sold by
Turcotte Scott R
Bought by
Davenport Caleb P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

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
Simpson Matthew D -- --
Welch Matthew D -- --
Davenport Caleb P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Matthew D $397,664
Previous Owner Welch Matthew D $192,850
Previous Owner Welch Matthew D $250,381
Previous Owner Davenport Caleb P $201,600
Previous Owner Davenport Caleb P $50,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $545,000 -0.9% $370 / Sq Ft
06/04/2022 06/04/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $550,000 +35.8% $374 / Sq Ft
10/07/2019 10/07/19 Sold $405,000 0.0% $275 / Sq Ft
08/22/2019 08/22/19 Pending -- -- --
08/16/2019 08/16/19 For Sale $405,000 -- $275 / 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 $5,797 $386,200 $64,200 $322,000
2023 $5,565 $386,200 $64,200 $322,000
2022 $5,256 $386,200 $64,200 $322,000
2021 $5,017 $386,200 $64,200 $322,000
2020 $4,499 $193,000 $64,200 $128,800
2019 $4,499 $193,000 $64,200 $128,800
2018 $3,771 $193,000 $64,200 $128,800
2017 $4,178 $193,000 $64,200 $128,800
2016 $4,074 $193,000 $64,200 $128,800
2015 $3,982 $193,000 $64,200 $128,800
2014 $3,860 $193,000 $64,200 $128,800
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Patricia Simpson

    Brady Sullivan Maine Properties LLC

    (603) 622-6223

    1 in this area

    42 Total Sales

    Section Image

  • W

    Buyer Co-Listing Agent in 2022

    Wade R Fleming

    Bean Group

  • A

    Seller's Agent in 2019

    Alexander Martin

    Berkshire Hathaway HomeServices Verani Realty

  • J

    Buyer's Agent in 2019

    Jeremy Lock

    Portside Real Estate Group

See All Agents

Map

Source: Maine Listings

MLS Number: 1530674

Maine Listings

APN: PTLD-000142-000000-D011001

Maine Cumberland County Portland 04103 Back Cove

11 Canco Rd, Portland, ME

Homes for Sale in Portland, ME

This home is located at 11 Canco Rd, Portland, ME 04103 since 01 June 2022 and is currently estimated at $631,143, approximately $428 per square foot. This property was built in 1966. 11 Canco Rd is a home located in Cumberland County with nearby schools including Ocean Avenue Elementary School, Lyman Moore Middle School, and St. Brigid School.

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