NOT LISTED FOR SALE

Breakwater at Spring Point 148 Breakwater Dr Unit 705 South Portland, ME 04106

Breakwater Neighborhood

Estimated Value: $416,000 - $536,000

2 Beds
1 Bath
773 Sq Ft
$369/mo HOA Fee

Last Sold May 29, 2020

Last sale price $375,000 $485 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,423/month

5 Days on Market

Highlights

  • Ocean Front
  • Baseboard Heating
  • Carpet
  • Landscaped
  • Level Lot
  • 4-minute walk to Bug Light Park

About This Home

As of May 2020

Wow! What an amazing opportunity to own a condo in Breakwater! Breath taking Ocean and city views surround this end unit. Imagine having a coffee or glass of wine on your balcony while watching ships sail by. This association has 24 hour security, laundry, dumpster use, walking trails, back up generator so you never are out of power and much more. This unit features a desirable parking spot. Being an end unit you get sun all day and a nice cross breeze on hot summer nights no matter which direction the wind is blowing. This unit is the nicest in the building with many recent updates. Did I mention the view? Lock this one up today!

Last Agent to Sell the Property

Joshua Plowman

Bean Group Listed on: 12/23/2019

Last Buyer's Agent

Mike Duvernay

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,200

Year Built

  • Built in 1987

Lot Details

  • Ocean Front
  • Landscaped

HOA Fees

  • $369 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Masonry

Interior Spaces

  • 773 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Reserved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • 157 Units
  • High-Rise Condominium
  • Breakwater Condo Association Subdivision

Listing and Financial Details

  • Tax Lot 074B
  • Assessor Parcel Number 148breakwaterdrive705southportland04106

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,200

Year Built

Built in 1987

Lot Details

0

HOA Fees

$369 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Subdivision Name: Breakwater Condo Association
  • Above Grade Finished Sq Ft: 773.0
  • Architectural Style: High Rise
  • Garage Yn: No
  • Year Built: 1987
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 773.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 369.0
  • Location Information:Fee Frequency Paid: Monthly
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 157
  • Gas:Natural - On Site: Yes
  • Parking:On Site2: Yes
  • Property Information:Deed Restrictions: Unknown
  • Exterior:Brick: Yes
  • Style:High Rise: Yes
  • Construction:Masonry: Yes
  • Roof:TarGravel: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Special Features: None

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Intown
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Roof: Tar/Gravel

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 369.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Parcel #: 148breakwaterdrive705southportland04106
  • Zoning: RES

Multi Family

  • Number Of Units In Community: 157

Tax Info

  • Tax Annual Amount: 4200.0
  • Tax Book Number: 17637
  • Tax Lot: 074B
  • Tax Map Number: 5
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2019
Closed on
May 20, 2020
Sold by
Hedlund David S and Hedlund Paula J
Bought by
Beigi Peyman
Seller's Agent
Joshua Plowman
Bean Group
Buyer's Agent
Mike Duvernay
Coldwell Banker Realty
List Price
$379,900
Sold Price
$375,000
Premium/Discount to List
-$4,900
-1.29%
Current Estimated Value
$459,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,827
Avg. Annual Appreciation
3.96%
Original Mortgage
$281,250
Outstanding Balance
$250,315
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$209,512
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
Beigi Peyman -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beigi Peyman $281,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $375,000 -1.3% $485 / Sq Ft
12/29/2019 12/29/19 Pending -- -- --
12/23/2019 12/23/19 For Sale $379,900 -- $491 / 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 $6,578 $498,300 $379,100 $119,200
2023 $4,849 $342,900 $252,700 $90,200
2022 $4,550 $292,400 $202,200 $90,200
2021 $4,298 $292,400 $202,200 $90,200
2020 $4,483 $227,000 $161,700 $65,300
2019 $4,336 $227,000 $161,700 $65,300
2018 $4,114 $227,000 $161,700 $65,300
2017 $4,086 $227,000 $161,700 $65,300
2016 $4,018 $227,000 $161,700 $65,300
2015 $3,950 $227,000 $161,700 $65,300
2014 $3,882 $227,000 $161,700 $65,300
2013 $3,791 $227,000 $161,700 $65,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Joshua Plowman

    Bean Group

  • M

    Buyer's Agent in 2020

    Mike Duvernay

    Coldwell Banker Realty

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About Breakwater at Spring Point

Map

Source: Maine Listings

MLS Number: 1441292

Maine Listings

APN: SPOR-000005-000705-000074B

Maine Cumberland County South Portland 04106 Breakwater

148 Breakwater Dr Unit 705, South Portland, ME

This home is located at 148 Breakwater Dr Unit 705, South Portland, ME 04106 since 23 December 2019 and is currently estimated at $459,827, approximately $594 per square foot. This property was built in 1987. 148 Breakwater Dr Unit 705 is a home located in Cumberland County with nearby schools including Dora L. Small Elementary School, Daniel F. Mahoney Middle School, and South Portland High School.

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