NOT LISTED FOR SALE

124 Walton St Unit 1 Portland, ME 04103

Back Cove Neighborhood

Estimated Value: $868,000 - $941,000

6 Beds
3 Baths
3,400 Sq Ft
$265/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $720,000 $212 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,614/month

11 Days on Market

Highlights

  • Public Beach
  • 0.36 Acre Lot
  • Property is near public transit
  • View of Trees or Woods
  • Deck
  • Wooded Lot

About This Home

As of June 2021

Rare opportunity to own a classic Victorian 3-unit multi-family, nestled between Back Cove & Deering Center neighborhoods. Close proximity to UNE, USM, Deering HS, Ocean Ave Elementary, Cheverus & more.

Step out the back porch door and hit Portland Trails, Baxter Woods & Boulevard, Canco Woods, Evergreen Trails, Woodfords Corner. Also a quick 5–minute drive downtown, or an hour to the mountains. Commutable to Boston, Portsmouth, Logan & Manchester.

Originally a single-family, this home features high ceilings and lighting medallions, ornate moulding, trim, woodwork, Italian slate fireplaces, and harwood throughout. 2017 exterior paint job. Efficient natural gas boiler. Separate breakers for each apt, landlord controls heat for building.

Each unit is equipped with a 2-bedroom (both upstairs units) or 3-bedroom (1st floor) layout, assigned parking, designated storage in basement, washer & dryer in-unit, and exceptionally large shared yard space.

Last Agent to Sell the Property

Daniel Demers

Sell Your Home Services Brokerage Phone: 888-219-3009 Listed on: 05/13/2021

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,851

Year Built

  • Built in 1900

Lot Details

  • 0.36 Acre Lot
  • Public Beach
  • Fenced
  • Landscaped
  • Level Lot
  • Open Lot
  • Wooded Lot

Home Design

  • Victorian Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3,400 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Views of Woods
  • Attic

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number PTLD-000142-H000001-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $5,362
  • Gross Income $31,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,851

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.36
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Near the intersection of Canco Road and Walton Street, between Ocean Avenue and Forest Avenue
  • Above Grade Finished Sq Ft: 3400.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Year Built: 1900
  • Attribution Contact: 888-219-3009
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 211.76
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.36
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3400.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Amenities:Fence: Yes
  • Amenities:Storage: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Floors:Laminate: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 3
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 31400.0
  • Income Expenses Operating Expenses: 5362.0
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Heat System:Steam: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Building Info:_pound_ Fireplaces3: 2
  • Amenities:Attic: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Heat System:Radiator: Yes
  • Location:Near Railroad: Yes
  • Building Info:_pound_ Floors3: 3
  • Other Structures:Shed: Yes
  • Advertising Remarks:Advertising Remarks: Rare opportunity to own a classic Victorian 3-unit multi-family, nestled between Back Cove & Deering Center neighborhoods. Close proximity to UNE, USM, Deering HS, Ocean Ave Elementary, Cheverus & more. Step out the back porch door and hit Portland Trails, Baxter Woods & Boulevard, Canco Woods, Evergreen Trails, Woodfords Corner. Also a quick 5–minute drive downtown, or an hour to the mountains. Commutable to Boston, Portsmouth, Logan & Manchester. Originally a single-family, this home features high ceilings and lighting medallions, ornate moulding, trim, woodwork, Italian slate fireplaces, and harwood throughout. 2017 exterior paint job. Efficient natural gas boiler. Separate breakers for each apt, landlord controls heat for building. Each unit is equipped with a 2-bedroom (both upstairs units) or 3-bedroom (1st floor) layout, assigned parking, designated storage in basement, washer & dryer in-unit, and exceptionally large shared yard space.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry, Interior Entry
  • Full Bathrooms: 3
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Attic, Bathtub, One-Floor Living, Walk-In Closet(s), Storage
  • Stories: 3
  • Full Basement: Yes
  • Amenities 1st Floor Primary BR wBath: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Wooded, Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding, Composition, Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Composition, Pitched, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Radiator
  • 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: 15681.6
  • Parcel #: PTLD-000142-H000001-000001
  • Zoning: 5

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 31400.0
  • Annual Operating Expense: 5362.0

Tax Info

  • Tax Annual Amount: 6851.0
  • Tax Lot: 0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Jun 30, 2021
Sold by
Bailey Orianna and Cosme Mary E
Bought by
Schwaner Frederick and Hennings Alex
Seller's Agent
Daniel Demers
Sell Your Home Services
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$720,000
Sold Price
$720,000
Current Estimated Value
$901,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,333
Avg. Annual Appreciation
5.19%
Original Mortgage
$576,000
Outstanding Balance
$522,631
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$378,702
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schwaner Frederick -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwaner Frederick $576,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $720,000 0.0% $212 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $720,000 -- $212 / 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 $10,638 $708,700 $76,000 $632,700
2023 $10,212 $708,700 $76,000 $632,700
2022 $9,645 $708,700 $76,000 $632,700
2021 $9,206 $708,700 $76,000 $632,700
2020 $6,851 $293,900 $76,200 $217,700
2019 $6,851 $293,900 $76,200 $217,700
2018 $6,363 $293,900 $76,200 $217,700
2017 $6,363 $293,900 $76,200 $217,700
2016 $6,204 $293,900 $76,200 $217,700
2015 $6,063 $293,900 $76,200 $217,700
2014 $5,878 $293,900 $76,200 $217,700
Source: Public Records

Agents Affiliated with this Home

  • Daniel Demers

    Seller's Agent in 2021

    Daniel Demers

    Sell Your Home Services

    (877) 893-6566

    1 in this area

    4,584 Total Sales

    Daniel Demers
    Section Image

  • N

    Buyer's Agent in 2021

    NON-MREIS AGENT

    Non MREIS Agency

See All Agents

Map

Source: Maine Listings

MLS Number: 1491460

Maine Listings

APN: PTLD-000142-000000-H001001

Maine Cumberland County Portland 04103 Back Cove

124 Walton St Unit 1, Portland, ME

Not Listed for Sale

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