$160,000
UNDER CONTRACT $139K PRICE DROP

162 Hobart St Portland, ME 04102

Libbytown Neighborhood

Estimated payment $956/month

Total Views 32,768
2 Beds
1 Bath
528 Sq Ft
$303 Price per Sq Ft

Highlights

  • Nearby Water Access
  • 0.35 Acre Lot
  • No HOA
  • Scenic Views
  • Post and Beam
  • Living Room

About This Home

Rare opportunity in Portland's B5 zone--includes 2 parcels totaling .35 acres near Thompson's Point and abutting Portland Trails. Existing structure is likely best suited for removal, offering a clean slate for ground-up redevelopment. Located in shoreland zone (not flood zone).
Ideal for investors or developers with vision.
Don't miss this unique chance to shape the future of this dynamic neighborhood.

Unless and until waiver is signed by all parties entering the property, access will not be granted (see documents).

Listing Agent

Gerald Morin

Keller Williams Realty Listed on: 06/17/2025

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,369

Year Built

  • Built in 1900

Lot Details

  • 0.35 Acre Lot
  • Street terminates at a dead end
  • Level Lot
  • Property is zoned B5

Parking

  • No Driveway

Property Views

  • Scenic Vista
  • Woods

Home Design

  • Post and Beam
  • Cottage
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 528 Sq Ft Home
  • Living Room
  • Vinyl Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Formica Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Nearby Water Access
  • River Nearby

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • No Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association
  • Near Conservation Area

Listing and Financial Details

  • Probate Listing
  • Legal Lot and Block 2, 3, 4, 5, 6, 7 / D
  • Assessor Parcel Number PTLD-000200-D000002-000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,369

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • MLS Status: Active Under Contract
  • Directions: GPS, follow Hobart St to the very (dirt) end.
  • Above Grade Finished Sq Ft: 528.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Structure Type: Post & Beam
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 303.03
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.35
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 528.0
  • 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 Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Water:Public3: Yes
  • Basement:Unfinished: Yes
  • Living Room:Living Room: Yes
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Roads:Dead End: Yes
  • Style:Cottage: Yes
  • View:TreesWoods: Yes
  • Driveway:No Driveway: Yes
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • View:Fields: Yes
  • Location:Abuts Conservation: Yes
  • Water Heater:None2: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Listing Conditions Probate Listing: Yes
  • Advertising Remarks:Advertising Remarks: Rare opportunity in Portland's B5 zone--includes 2 parcels totaling .35 acres near Thompson's Point and abutting Portland Trails. Existing structure is likely best suited for removal, offering a clean slate for ground-up redevelopment. Located in shoreland zone (not flood zone). Ideal for investors or developers with vision. Don't miss this unique chance to shape the future of this dynamic neighborhood. Unless and until waiver is signed by all parties entering the property, access will not be granted (see documents).
  • Structure Type:Post Beam: Yes
  • Special Features: UnderContract

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Full, Not Applicable, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Vinyl
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Abuts Conservation, Near Shopping, Near Turnpike/Interstate, Near Town
  • View: Fields, Scenic, Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, 1 - 4 Spaces

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Unknown
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15246.0
  • Parcel #: PTLD-000200-D000002-000001
  • Zoning: B5

Tax Info

  • Tax Annual Amount: 1369.0
  • Tax Block: D
  • Tax Lot: 2, 3, 4, 5, 6, 7
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $1,282 $85,400 $76,900 $8,500
2023 $1,231 $85,400 $76,900 $8,500
2022 $1,162 $85,400 $76,900 $8,500
2021 $1,109 $85,400 $76,900 $8,500
2020 $4,291 $62,400 $46,900 $15,500
2019 $1,455 $62,400 $46,900 $15,500
2018 $1,403 $62,400 $46,900 $15,500
2017 $1,351 $62,400 $46,900 $15,500
2016 $1,317 $62,400 $46,900 $15,500
2015 $1,287 $62,400 $46,900 $15,500
2014 $1,248 $62,400 $46,900 $15,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2025 09/22/25 Price Changed $160,000 -36.0% $303 / Sq Ft
08/25/2025 08/25/25 Price Changed $250,000 -16.4% $473 / Sq Ft
06/17/2025 06/17/25 For Sale $299,000 -- $566 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1627074

Maine Listings

APN: PTLD-000200-000000-D002001

Maine Cumberland County Portland 04102 Libbytown

162 Hobart St, Portland, ME

Under Contract

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Nearby Homes
Listing Agent
Gerald Morin
Section Image
Keller Williams Realty
(207) 223-3852