NOT LISTED FOR SALE

196 Massachusetts Ave Portland, ME 04102

Libbytown Neighborhood

Estimated Value: $934,000 - $1,084,359

9 Beds
3 Baths
5,200 Sq Ft
$198/Sq Ft Est. Value

Last Sold November 12, 2019

Last sale price $579,000 $111 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,457/month

7 Days on Market

Highlights

  • Nearby Water Access
  • Property is near public transit
  • No HOA
  • Deck
  • Wood Flooring
  • Porch

About This Home

As of November 2019

Traditional 3 unit with great layouts, decks, storage, laundry hook ups, wood floors, charm and parking. all in a convenient location close to the city pool, hospitals, universities, highway and downtown Portland. Everything quality tenants are looking for in an apartment. City inspected and ready for occupancy. Smart investment or owner occupied home in this fantastic city.

Last Agent to Sell the Property

Melissa Richter

Keller Williams Realty Listed on: 09/19/2019

Keller Williams Realty

Last Buyer's Agent

Dava Davin

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,556

Year Built

  • Built in 1914

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 5,200 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Shower Only

Basement

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

Parking

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

Outdoor Features

  • Nearby Water Access
  • Deck
  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 17 / F
  • Assessor Parcel Number PTLD-000186A-000000-F017001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $21,800
  • Gross Income $63,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,556

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • MLS Status: Closed
  • Directions: Brighton Ave (rt 25) West to a left turn onto Massachusetts Ave or 295 to Congress St West exit to right on Massachusetts Ave
  • Above Grade Finished Sq Ft: 5200.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1914
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 5200.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: 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:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 63000.0
  • Income Expenses Operating Expenses: 21800.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Roof:Membrane: Yes
  • Location:Near Railroad: Yes
  • Building Info:_pound_ Floors3: 3
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 3
  • Flooring: Wood, Tile
  • Interior Amenities: One-Floor Living, Shower, Storage
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck, Porch
  • Roof: Membrane
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: PTLD-000186A-000000-F017001
  • Zoning: R5

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 63000.0
  • Annual Operating Expense: 21800.0

Tax Info

  • Tax Annual Amount: 8556.0
  • Tax Block: F
  • Tax Book Number: 3105
  • Tax Lot: 17
  • Tax Map Number: 186A
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2019
Closed on
Nov 12, 2019
Sold by
Roussin Joanne Est and Power
Bought by
196 Massachusetts Ave Llc
Seller's Agent
Melissa Richter
Keller Williams Realty
Buyer's Agent
Dava Davin
Portside Real Estate Group
List Price
$568,900
Sold Price
$579,000
Premium/Discount to List
$10,100
1.78%
Current Estimated Value
$1,031,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,590
Avg. Annual Appreciation
9.44%
Original Mortgage
$463,200
Interest Rate
3.6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
196 Massachusetts Ave Llc -- --
196 Massachusetts Ave Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 196 Ma Ave Llc $2,478,750
Closed 196 Massachusetts Ave Llc $463,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2019 11/12/19 Sold $579,000 +1.8% $111 / Sq Ft
09/27/2019 09/27/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $568,900 -- $109 / 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 $11,528 $768,000 $91,500 $676,500
2023 $11,067 $768,000 $91,500 $676,500
2022 $10,452 $768,000 $91,500 $676,500
2021 $9,976 $768,000 $91,500 $676,500
2020 $8,872 $380,600 $86,000 $294,600
2019 $8,872 $380,600 $86,000 $294,600
2018 $8,240 $380,600 $86,000 $294,600
2017 $8,240 $380,600 $86,000 $294,600
2016 $8,034 $380,600 $86,000 $294,600
2015 $7,852 $380,600 $86,000 $294,600
2014 $7,612 $380,600 $86,000 $294,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1433582

Maine Listings

APN: PTLD-000186A-000000-F017001