Estimated payment $7,183/month
An exceptional and nearly unheard-of opportunity in one of the most desirable areas of the city of Portland. Situated on just over 0.75 acres, this property at 1905 Congress Street offers immense potential for investors, developers, or those looking to renovate and hold.
Located in a quiet residential area, yet only minutes from the airport, I-95, and major retail corridors, the property features a 4-bedroom, 1.5-bath single-family home that could be renovated or removed to make way for new development.
New condominium construction is underway behind the lot, further enhancing the investment appeal.
This property presents an outstanding opportunity for renovation, redevelopment, or investment in a high-demand location.
***Buyer to verify zoning and development potential with the city.***
| 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 | $5,022 | $334,600 | $95,600 | $239,000 |
| 2023 | $4,822 | $334,600 | $95,600 | $239,000 |
| 2022 | $4,554 | $334,600 | $95,600 | $239,000 |
| 2021 | $4,346 | $334,600 | $95,600 | $239,000 |
| 2020 | $5,028 | $215,700 | $86,800 | $128,900 |
| 2019 | $5,028 | $215,700 | $86,800 | $128,900 |
| 2018 | $4,670 | $215,700 | $86,800 | $128,900 |
| 2017 | $4,670 | $215,700 | $86,800 | $128,900 |
| 2016 | $4,553 | $215,700 | $86,800 | $128,900 |
| 2015 | $4,450 | $215,700 | $86,800 | $128,900 |
| 2014 | $4,314 | $215,700 | $86,800 | $128,900 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Price Changed | $1,250,000 | -16.7% | $783 / Sq Ft |
| 05/23/2025 05/23/25 | For Sale | $1,499,900 | -- | $940 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,000 | Credit Line Revolving | |
| Closed | $50,000 | Credit Line Revolving | |
| Closed | $170,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $100,000 | Purchase Money Mortgage | |
| Previous Owner | $20,125 | Unknown |
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Source: Maine Listings
MLS Number: 1623898
APN: PTLD-000217-000000-A004001
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