NOT LISTED FOR SALE

125 Ocean Ave Portland, ME 04103

Back Cove Neighborhood

Estimated Value: $557,000 - $703,000

2 Beds
2 Baths
1,897 Sq Ft
$340/Sq Ft Est. Value

Last Sold May 22, 2019

Last sale price $285,000 $150 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $3,992/month

5 Days on Market

Highlights

  • 0.37 Acre Lot
  • Wood Flooring
  • Main Floor Bedroom
  • Property is near public transit
  • New Englander Architecture
  • 4-minute walk to Heseltine Park

About This Home

As of May 2019

This is your perfect opportunity to own an investment property in one of Portland's Back Cove neighborhoods. 125 Ocean Avenue sits on a generous sized lot with an expansive back yard. There are 2 units total - one on each floor. Unit 1 (first floor/vacant) is 2 bedrooms and rents for $1,350. Unit 2 (second floor/occupied) is one bedroom and rents for $1,000. Rents are under market value. Hardwood flooring, plenty of character throughout, and a nice shared sunporch overlooking the backyard. Within short walking distance to Baxter Boulevard, restaurants, and Edward Payson Park. ***No showings until the Open House Sunday 4/14 from 11:00-1:00. See you there!***

Last Agent to Sell the Property

Bailey Pate

Maine Real Estate Co License #DB927429 Listed on: 04/11/2019

Last Buyer's Agent

Anne McPheeters

OceanView Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,788

Year Built

  • Built in 1820

Lot Details

  • 0.37 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,897 Sq Ft Home
  • 2-Story Property
  • Screened Porch
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub

Basement

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

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Suburban Location
  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Oil
  • Internet Available
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Shed

Listing and Financial Details

  • Tax Lot D002
  • Assessor Parcel Number 125oceanavenueportland04103

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,788

Year Built

Built in 1820

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.37
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Forest Avenue to Ocean Avenue - GPS Friendly
  • Above Grade Finished Sq Ft: 1897.0
  • Architectural Style: New Englander, Other Style
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1820
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.37
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1897.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: 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
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Basement:BrickMortar: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Heat System:Radiator: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Accessibility Features: Level Entry
  • Has Basement: Brick/Mortar, Full, Interior Entry, Exterior Only
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Other, Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Suburban, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Screened
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 16117.2
  • Parcel #: 125oceanavenueportland04103
  • Zoning: R5

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4788.24
  • Tax Book Number: 31523
  • Tax Lot: D002
  • Tax Map Number: 139
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
May 15, 2019
Sold by
Bushover Ian S and Bushover Kelsey S
Bought by
Marshall Christopher H
Seller's Agent
Bailey Pate
Maine Real Estate Co
Buyer's Agent
Anne McPheeters
OceanView Properties
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%
Current Estimated Value
$644,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,993
Avg. Annual Appreciation
12.53%
Original Mortgage
$279,837
Outstanding Balance
$248,074
Interest Rate
4.1%
Mortgage Type
FHA
Estimated Equity
$348,042
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
Marshall Christopher H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marshall Christopher H $279,837
Previous Owner Bushover Ian S $182,320
Previous Owner Bushover Kelsy S $184,594
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2019 05/22/19 Sold $285,000 -4.7% $150 / Sq Ft
04/17/2019 04/17/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $299,000 +59.0% $158 / Sq Ft
05/23/2014 05/23/14 Sold $188,000 -0.5% $99 / Sq Ft
03/31/2014 03/31/14 Pending -- -- --
03/27/2014 03/27/14 For Sale $189,000 -- $100 / 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 $5,728 $381,600 $73,800 $307,800
2023 $5,499 $381,600 $73,800 $307,800
2022 $5,194 $381,600 $73,800 $307,800
2021 $4,957 $381,600 $73,800 $307,800
2020 $4,965 $213,000 $76,900 $136,100
2019 $4,965 $213,000 $76,900 $136,100
2018 $4,611 $213,000 $76,900 $136,100
2017 $4,611 $213,000 $76,900 $136,100
2016 $4,496 $213,000 $76,900 $136,100
2015 $4,394 $213,000 $76,900 $136,100
2014 $4,260 $213,000 $76,900 $136,100
Source: Public Records

Agents Affiliated with this Home

  • Bailey Pate

    Seller's Agent in 2019

    Bailey Pate

    Maine Real Estate Co

    (207) 229-5449

    248 Total Sales

    Section Image
  • Anne McPheeters

    Buyer's Agent in 2019

    Anne McPheeters

    OceanView Properties

    (207) 282-1732

    77 Total Sales

    Section Image

  • C

    Seller's Agent in 2014

    Carol Kline

    Premier Properties

    Section Image

  • D

    Seller Co-Listing Agent in 2014

    Debbi Webber

    Premier Properties

  • S

    Buyer's Agent in 2014

    Steven Chicoine

    Rizzo Mattson

See All Agents

Map

Source: Maine Listings

MLS Number: 1409995

Maine Listings

APN: PTLD-000139-000000-D002001

Maine Cumberland County Portland 04103 Back Cove

125 Ocean Ave, Portland, ME

This home is located at 125 Ocean Ave, Portland, ME 04103 since 11 April 2019 and is currently estimated at $644,993, approximately $340 per square foot. This property was built in 1820. 125 Ocean Ave is a home located in Cumberland County with nearby schools including Ocean Avenue Elementary School, Lyman Moore Middle School, and Baxter Academy for Tech & Sciences.

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.

Maine Listings 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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