NOT LISTED FOR SALE

1314 Forest Ave Portland, ME 04103

Riverton Neighborhood

Estimated Value: $661,790 - $809,000

4 Beds
3.5 Baths
3,321 Sq Ft
$223/Sq Ft Est. Value

Last Sold October 19, 2021

Last sale price $510,000 $154 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,589/month

25 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Hot Water Heating System
  • New Englander Architecture
  • Forced Air Heating System
  • Level Lot

About This Home

As of October 2021

Affordable multi-family in a very convenient location on outer Forest Avenue. Two out of the three units are currently being rented making this an ideal situation for an owner occupied investment. The foundation was just structurally reinforced including a vapor barrier per a structural engineer's report.

Last Agent to Sell the Property

Derek Goff Joseph Tomazin

Signature Homes Real Estate Group, LLC Listed on: 07/13/2021

Last Buyer's Agent

Melanie Mauro

The Boulos Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,890

Year Built

  • Built in 1910

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Home Design

  • 3,321 Sq Ft Home
  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Additional Features

  • City Lot

Listing and Financial Details

  • Tax Lot 004
  • Assessor Parcel Number PTLD-000292-D000004-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $15,213
  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,890

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Heading north on Forest Ave, right past the Warren Ave intersection. Property will be on the left. GPS friendly.
  • Above Grade Finished Sq Ft: 3321.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3321.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: 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
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 45600.0
  • Income Expenses Operating Expenses: 15213.0
  • Basement:Sump Pump: Yes
  • Style:New Englander: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Sump Pump, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • 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: 6969.6
  • Parcel #: PTLD-000292-D000004-000001
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 45600.0
  • Annual Operating Expense: 15213.0

Tax Info

  • Tax Annual Amount: 5890.0
  • Tax Book Number: 34786
  • Tax Lot: 004
  • Tax Map Number: 292
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2021
Closed on
Oct 15, 2021
Sold by
Grace & Truth Llc
Bought by
Johannen Heavy Engineerin
Seller's Agent
Derek Goff Joseph Tomazin
Signature Homes Real Estate Group, LLC
Buyer's Agent
Melanie Mauro
The Boulos Company
List Price
$525,000
Sold Price
$510,000
Premium/Discount to List
-$15,000
-2.86%
Current Estimated Value
$740,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,948
Avg. Annual Appreciation
10.11%
Original Mortgage
$431,000
Outstanding Balance
$395,171
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$345,777

Purchase Details

Listed on
Oct 23, 2013
Closed on
Oct 6, 2015
Sold by
Forest Ave Holdings Llc
Bought by
Higgins Samantha M
Seller's Agent
Jay Sparrow
Allied Real Estate
Buyer's Agent
Ilyse Sandler
Keller Williams Realty
List Price
$289,000
Sold Price
$235,000
Premium/Discount to List
-$54,000
-18.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.66%
Original Mortgage
$230,743
Interest Rate
3.95%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 18, 2009
Sold by
Morrison Ronald P and Morrison Jacqueline H
Bought by
Lougee George E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Johannen Heavy Engineerin -- None Available
Johannen Heavy Engineerin -- None Available
Higgins Samantha M -- --
Higgins Samantha M -- --
Lougee George E -- --
Lougee George E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johannen Heavy Engineerin $431,000
Closed Johannen Heavy Engineerin $431,000
Previous Owner Higgins Samantha M $230,743
Previous Owner Lougee George E $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2021 10/19/21 Sold $510,000 -2.9% $154 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $525,000 +123.4% $158 / Sq Ft
10/02/2015 10/02/15 Sold $235,000 -18.7% $71 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
10/24/2013 10/24/13 For Sale $289,000 -- $87 / 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 $7,001 $466,400 $55,300 $411,100
2023 $6,721 $466,400 $55,300 $411,100
2022 $6,348 $466,400 $55,300 $411,100
2021 $6,059 $466,400 $55,300 $411,100
2020 $5,890 $252,700 $61,500 $191,200
2019 $5,890 $252,700 $61,500 $191,200
2018 $5,471 $252,700 $61,500 $191,200
2017 $5,471 $252,700 $61,500 $191,200
2016 $5,334 $252,700 $61,500 $191,200
2015 $8,320 $403,300 $75,200 $328,100
2014 $8,066 $403,300 $75,200 $328,100
Source: Public Records

Agents Affiliated with this Home

  • Derek Goff Joseph Tomazin

    Seller's Agent in 2021

    Derek Goff Joseph Tomazin

    Signature Homes Real Estate Group, LLC

    (207) 542-7563

    4 in this area

    257 Total Sales

    Derek Goff Joseph Tomazin
    Section Image

  • M

    Buyer's Agent in 2021

    Melanie Mauro

    The Boulos Company

  • M

    Buyer's Agent in 2021

    Melanie Crane

    Keller Williams Realty

  • Jay Sparrow

    Seller's Agent in 2015

    Jay Sparrow

    Allied Real Estate

    (207) 756-5779

    25 Total Sales

    Jay Sparrow
    Section Image

  • I

    Buyer's Agent in 2015

    Ilyse Sandler

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1500479

Maine Listings

APN: PTLD-000292-000000-D004001

Maine Cumberland County Portland 04103 Riverton

1314 Forest Ave, Portland, ME

This home is located at 1314 Forest Ave, Portland, ME 04103 since 13 July 2021 and is currently estimated at $740,948, approximately $223 per square foot. This property was built in 1910. 1314 Forest Ave is a home located in Cumberland County with nearby schools including Gerald E. Talbot Community School, Lincoln Middle School, and St. Brigid 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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