NOT LISTED FOR SALE

1501 Forest Ave Unit LOT A Portland, ME 04103

Riverton Neighborhood

Estimated Value: $494,000 - $564,045

0.18 Acre
$2,912,561 Price per Acre
7,841 Sq Ft Lot

Last Sold February 17, 2023

Last sale price $114,000

Est. 342% increase in value since last sale

Current estimated payment $3,278/month

24 Days on Market

About This Lot

As of February 2023

Great Location! Seller had the new proposed lot surveyed .18 +/- acre lot on Forest Ave. The lot is being broken off from 1501 Forest Ave. The book and page and map and lot will change once the new survey is recorded. Buyer must do their due diligence with the City of Portland. Taxes will be determined by the tax assessor. A building package could be put together for any interested buyers.

Last Agent to Sell the Property

Steve Levine

American Real Estate Listed on: 12/22/2022

Last Buyer's Agent

Kim Carignan

Century 21 North East

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,962

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot
  • Property is zoned R-3

Parking

  • No Driveway
  • On-Street Parking

Utilities

  • Electricity Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot K002001
  • Assessor Parcel Number PTLD-000338-K000002-000001

Property Details

Property Type

Land

Est. Annual Taxes

$5,962

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.18
  • MLS Status: Closed
  • Directions: Corner of Forest Ave and Libby St, the existing home. Side yard on Forest Ave
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.18
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:No Driveway: Yes
  • Property Information:Mobile Homes Allowed: Unknown
  • Parking:No Parking: Yes
  • Electric:No Electric: Yes
  • Parking:On Street: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Level, Sidewalks, Near Shopping, Near Town, Neighborhood
  • Waterfront: No

Garage/Parking

  • Parking Features: No Driveway, None, On Street

Utilities

  • Electric: No Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Parcel #: PTLD-000338-K000002-000001
  • Zoning: R-3

Tax Info

  • Tax Annual Amount: 1.0
  • Tax Book Number: TBD
  • Tax Lot: K002001
  • Tax Map Number: 338
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2024
Sold by
Corss Jonathan
Bought by
Kautz Stephen W and Burgos Raquel M
Current Estimated Value
$503,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Outstanding Balance
$306,626
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$186,050

Purchase Details

Listed on
Dec 22, 2022
Closed on
Feb 17, 2023
Sold by
Cross Jonathan and Cross Gerd
Bought by
Mcerillis Donald
Seller's Agent
Steve Levine
American Real Estate
Buyer's Agent
Kim Carignan
Century 21 North East
List Price
$119,000
Sold Price
$114,000
Premium/Discount to List
-$5,000
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
80.86%
Original Mortgage
$64,050
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2021
Sold by
Langenmayr Michael L
Bought by
Cross Jonathan and Cross Gerd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,900
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2014
Sold by
Larsen Andrea J
Bought by
Langenmayr Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,275
Interest Rate
4.36%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kautz Stephen W $470,000 None Available
Mcerillis Donald $114,000 None Available
Cross Jonathan -- None Available
Langenmayr Michael L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kautz Stephen W $310,000
Previous Owner Mcerillis Donald $64,050
Previous Owner Cross Jonathan $381,900
Previous Owner Langenmayr Michael L $213,275
Previous Owner Oshana David $142,608
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2023 02/17/23 Sold $114,000 -4.2% --
01/15/2023 01/15/23 Pending -- -- --
12/22/2022 12/22/22 For Sale $119,000 -- --
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 $5,962 $397,200 $54,700 $342,500
2023 $5,598 $388,500 $54,700 $333,800
2022 $5,390 $396,000 $62,200 $333,800
2021 $5,144 $396,000 $62,200 $333,800
2020 $4,697 $201,500 $69,100 $132,400
2019 $4,697 $201,500 $69,100 $132,400
2018 $3,955 $201,500 $69,100 $132,400
2017 $4,362 $201,500 $69,100 $132,400
2016 $4,254 $201,500 $69,100 $132,400
2015 $4,157 $201,500 $69,100 $132,400
2014 $4,030 $201,500 $69,100 $132,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1550008

Maine Listings

APN: PTLD-000338-000000-K002001