NOT LISTED FOR SALE

118 Congress St Unit 402 Portland, ME 04101

East End Neighborhood

Estimated Value: $1,620,000 - $1,898,232

3 Beds
2 Baths
1,900 Sq Ft
$1,110/mo HOA Fee

Last Sold October 18, 2023

Last sale price $1,950,000 $1,026 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $11,954/month

6 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Property is near public transit
  • Public Beach
  • Contemporary Architecture
  • 4-minute walk to Fort Sumner Park

About This Home

As of October 2023

Rare and Astounding. This penthouse level unit at the apex of Munjoy Hill is the perfect size and layout with arguably the best private rooftop deck in the city. Expansive water views and single floor city living are optimized in this three bedroom, two bathroom, 1900 sq ft condo with high ceilings and energy efficient intentional design from the NewHeight Group. The floorplan is super smart. Entertaining could not be easier with the ideal relation between the custom kitchen, generous dining area, living room and the sweet bump out for ideal island viewing. There is a large primary suite with double vanity bathroom, and walk-in closet with an Elfa closet system. Your guests will enjoy a separate wing with ample closet space and private bathroom. Your third bedroom/den has a built-in dedicated work space. Special features of this condo abound: 10 ft ceilings, 8 ft doors and oversized 7 ft German-made windows from Unilux, large closets, hardwood floors, european style cabinetry and energy star appliances, gas fireplace, hidden TV with Sonos sound system, and central heating and cooling. The pièce de résistance: An internal stairway leads to a private roof deck with truly mesmerizing water views of Casco Bay. Finally, your in-town living is made perfect with two well located garage spaces, each with a sizable lockable storage unit above, pet wash, and easy kayak and bike storage. The East End is the best end. What do you need? Boutique grocery store, coffee shop, yummy bakeries, excellent restaurants, food trucks, unbeatable ocean views, and a dedicated and warm community. 118 Congress #402 puts you at the center of it all.

Last Agent to Sell the Property

Erin Oldham Susan Kendeigh

Portside Real Estate Group Listed on: 09/12/2023

Last Buyer's Agent

Melissa McKersie

Legacy Properties Sotheby's International Realty

Legacy Properties Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,296

Year Built

  • Built in 2015

Lot Details

  • Ocean Front
  • Public Beach
  • Sprinkler System

HOA Fees

  • $1,110 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Common or Shared Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Shared Driveway
  • Reserved Parking

Property Views

  • Water
  • Scenic Vista

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Concrete Foundation
  • Steel Frame
  • Membrane Roofing
  • Concrete Fiber Board Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Gas Fireplace
  • Mud Room
  • Living Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Location

  • Property is near public transit
  • City Lot

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Deck

Listing and Financial Details

  • Legal Lot and Block 2 / D
  • Assessor Parcel Number PTLD-000016-D000002-000402

Community Details

Overview

  • 12 Units

Additional Features

  • Community Storage Space
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,296

Year Built

Built in 2015

Lot Details

0

HOA Fees

$1,110 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1900.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Year Built: 2015
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1900.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 1110.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 2.0
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 12
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Amenities:Walk-in Closets: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Walk-in Closet6: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Walk-in Closet17: Yes
  • Mud Room:Mud Room: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Primary Bedroom Amenities:Double Vanities6: Yes
  • Room Features:Double Vanities17: Yes
  • Appliances Included:Gas Range: Yes
  • View:Scenic: Yes
  • Room Features:Built-Ins30: Yes
  • Accessibilitiy Amenities:ElevatorChair Lift: Yes
  • Construction:Steel Frame: Yes
  • Exterior:Fiber Cement: Yes
  • Roof:Membrane: Yes
  • Transportation:Public Transport Access: Yes
  • Amenities:Elevator Passenger: Yes
  • Misc Amenities Sprinkler: Yes
  • Roof:Flat: Yes
  • Condominium:Rental Terms: 3 month minimum; not to be leased more than 2x/yr
  • Living Room Amenities:Gas Fireplace5: Yes
  • Room Features:Gas Fireplace29: Yes
  • Mud Room Amenities:Built-Ins17: Yes
  • Bedroom Amenities 2:Built-Ins4: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Property Information # Fireplaces: 1
  • Parking Reserved Parking: Yes
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Gas Range, Dryer, Dishwasher
  • Accessibility Features: Elevator/Chair Lift
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Walk-in Closets, Elevator Passenger, One-Floor Living, Other, Storage
  • Bedroom 2 Level: Upper
  • Dining Room Dining Room Level: Upper
  • Kitchen Kitchen Level: Upper
  • Living Room Living Room Level: Upper
  • Primary Bedroom Primary Bedroom Level: Upper
  • Bedroom 1:Bedroom 1 Level: Upper

Exterior Features

  • Lot Features: Corner Lot, Sidewalks, Intown, Near Public Beach, Near Shopping, Neighborhood, Near Public Transit
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Fiber Cement, Steel Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Flat, Membrane
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Common, On Site, Garage Door Opener

Utilities

  • Security: Sprinkler, Fire System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1110.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Parcel #: PTLD-000016-D000002-000402
  • Zoning: B-1

Multi Family

  • Number Of Units In Community: 12

Tax Info

  • Tax Annual Amount: 15296.0
  • Tax Block: D
  • Tax Book Number: 32200
  • Tax Lot: 2
  • Tax Map Number: 16
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Oct 18, 2023
Sold by
Larry S Nixon T S and Larry Nixon
Bought by
Alvarez Pedro and Henderson Marc
Seller's Agent
Erin Oldham Susan Kendeigh
Portside Real Estate Group
Buyer's Agent
Melissa McKersie
Legacy Properties Sotheby's International Realty
List Price
$1,750,000
Sold Price
$1,950,000
Premium/Discount to List
$200,000
11.43%
Current Estimated Value
$1,723,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$226,133
Avg. Annual Appreciation
-7.70%
Original Mortgage
$1,350,000
Outstanding Balance
$1,330,731
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$355,877
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
Alvarez Pedro $1,950,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Pedro $1,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $1,950,000 +11.4% $1,026 / Sq Ft
09/18/2023 09/18/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $1,750,000 +69.9% $921 / Sq Ft
04/13/2015 04/13/15 Sold $1,030,000 0.0% $542 / Sq Ft
12/01/2014 12/01/14 For Sale $1,030,000 -- $542 / Sq Ft
09/29/2014 09/29/14 Pending -- -- --
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 $16,870 $1,123,900 $224,780 $899,120
2023 $16,195 $1,123,900 $224,780 $899,120
2022 $15,296 $1,123,900 $224,780 $899,120
2021 $14,599 $1,123,900 $224,780 $899,120
2020 $18,706 $802,500 $160,500 $642,000
2019 $18,706 $802,500 $160,500 $642,000
2018 $18,040 $802,500 $160,500 $642,000
2017 $17,374 $802,500 $160,500 $642,000
2016 $16,941 $802,500 $160,500 $642,000
2015 $15,957 $773,500 $154,700 $618,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1571823

Maine Listings

APN: PTLD-000016-000000-D002402