NOT LISTED FOR SALE

Estimated Value: $819,994 - $934,000

7 Beds
3 Baths
3,993 Sq Ft
$217/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $725,000 $182 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,332/month

18 Days on Market

Highlights

  • Property is near public transit
  • Main Floor Bedroom
  • Interior Lot
  • Wood Flooring
  • No HOA
  • Bathtub

About This Home

As of September 2022

Great owner occupant possibilities! Don't miss this 3 unit (3 beds per unit) newly renovated building in the upcoming Libbytown neighborhood on a dead-end street at the west end of the Portland peninsula. It is located right down the street from Maine Med, the Seadogs, Salvage BBQ, Bunker and Bissel Brothers Brewery. It also has convenient access to 295 for quick commute in and out of the city. These 3 apartments are sun-filled with large windows, and freshly painted interiors. It has an open layout with high ceilings, newly varnished wide pine floors, dine in kitchen with connected dining room, large living room, freshly renovated bathrooms with full tub & shower, and 3 large bedrooms. This building also has 3 off street parking spaces & a nice, private, grassy back yard, and in unit laundry. No smoking allowed in building. There is plenty of additional on-street parking on the block that this unit is on. Roof shingles removed & replaced with architectural shingles in fall of 2020.

Last Agent to Sell the Property

Arden Stuckey

Keller Williams Realty Listed on: 07/14/2022

Keller Williams Realty

Co-Listed By

Eric Stuckey

Keller Williams Realty

Last Buyer's Agent

Ann Castonguay

Sprague & Curtis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,906

Year Built

  • Built in 1922

Lot Details

  • 3,049 Sq Ft Lot
  • Street terminates at a dead end
  • Fenced
  • Landscaped
  • Interior Lot
  • Level Lot

Home Design

  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 3,993 Sq Ft Home
  • 3-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

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

Parking

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

Location

  • Property is near public transit
  • Property is near shops
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number PTLD-000065-A000017-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $17,174
  • Gross Income $76,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,906

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Subdivision Name: None
  • Directions: GPS friendly but 1 way streets can be confusing: -Continue North on Congress St -Turn left onto Marston St -Turn right onto Cherry St -Turn left onto Hemlock St
  • Above Grade Finished Sq Ft: 3993.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1922
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 175.06
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3993.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: 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
  • Water Heater:Gas: Yes
  • Amenities:Fence: Yes
  • Amenities:Storage: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 76392.0
  • Income Expenses Operating Expenses: 17174.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:Slab2: Yes
  • Roads:Dead End: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Tank: Yes
  • Location:Near Railroad: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Building Info:_pound_ Floors3: 3
  • Advertising Remarks:Advertising Remarks: Sign on property
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower, Walk-In Closet(s), Storage
  • Stories: 3
  • Full Basement: Yes
  • Location:Interior Lot: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Sidewalks, Landscaped, Interior Lot, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Shopping Mall, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Shingle Siding, Wood Frame
  • Foundation Details: Block, Slab
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Portland Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.2
  • Parcel #: PTLD-000065-A000017-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 76392.0
  • Annual Operating Expense: 17174.0

Tax Info

  • Tax Annual Amount: 7906.0
  • Tax Lot: 17
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Sep 14, 2022
Sold by
17 Hemlock Llc
Bought by
Pearce Harry L and Alberts Ryan
Seller's Agent
Arden Stuckey
Keller Williams Realty
Buyer's Agent
Ann Castonguay
Sprague & Curtis Real Estate
List Price
$699,000
Sold Price
$725,000
Premium/Discount to List
$26,000
3.72%
Current Estimated Value
$867,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,999
Avg. Annual Appreciation
5.75%
Original Mortgage
$580,000
Outstanding Balance
$551,252
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$316,747

Purchase Details

Listed on
Jul 20, 2018
Closed on
Aug 31, 2018
Sold by
Mjeco Llc
Bought by
Mcswain Arden C and Stuckey Eric J
Seller's Agent
Heidi Nottonson
Keller Williams Realty
Buyer's Agent
Christina Farynaz
Keller Williams Realty
List Price
$495,000
Sold Price
$495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$470,250
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pearce Harry L $725,000 None Available
Mcswain Arden C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearce Harry L $580,000
Previous Owner Mcswain Arden C $470,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2022 09/14/22 Sold $725,000 +3.7% $182 / Sq Ft
07/27/2022 07/27/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $699,000 +41.2% $175 / Sq Ft
08/30/2018 08/30/18 Sold $495,000 0.0% $132 / Sq Ft View Prior Sale
07/24/2018 07/24/18 Pending -- -- --
07/20/2018 07/20/18 For Sale $495,000 -- $132 / 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 $9,135 $608,600 $132,700 $475,900
2023 $8,770 $608,600 $132,700 $475,900
2022 $8,283 $608,600 $132,700 $475,900
2021 $7,906 $608,600 $132,700 $475,900
2020 $6,056 $259,800 $63,400 $196,400
2019 $6,056 $259,800 $63,400 $196,400
2018 $5,995 $276,900 $68,500 $208,400
2017 $5,995 $276,900 $68,500 $208,400
2016 $5,845 $276,900 $68,500 $208,400
2015 $5,712 $276,900 $68,500 $208,400
2014 $5,538 $276,900 $68,500 $208,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1535696

Maine Listings

APN: PTLD-000065-000000-A017001