NOT LISTED FOR SALE

197 Spring St Portland, ME 04102

West End Neighborhood

Estimated Value: $512,748

6 Beds
2 Baths
2,870 Sq Ft
$179/Sq Ft Est. Value

Last Sold August 16, 2013

Last sale price $250,000 $87 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $3,307/month

103 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Heating System Uses Steam
  • Property is near public transit
  • Tile Flooring
  • 4-minute walk to McIntyre Park

About This Home

As of August 2013

West End rooming house. 8 Rentals with common kitchen and two common baths. Parking.

Last Agent to Sell the Property

Kevin D'Amboise

The Real Estate Store Listed on: 04/02/2013

Co-Listed By

Kevin Murphy

The Real Estate Store

Last Buyer's Agent

Kevin D'Amboise

The Real Estate Store Listed on: 04/02/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,950

Year Built

  • Built in 1905

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Rooming House
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Asbestos

Interior Spaces

  • 2 Full Bathrooms
  • 2,870 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • Gravel Driveway
  • Off-Street Parking

Location

  • Property is near public transit
  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block E21 / 001
  • Assessor Parcel Number 197Spring StreetPortland45001E21

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $28,727
  • Gross Income $53,971

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,950

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • Co List Office Phone: 207-883-4327
  • MLS Status: Closed
  • Directions: Spring Street between Winter Street and Brackett Street.
  • Above Grade Finished Sq Ft: 2870.0
  • Architectural Style: Rooming House
  • Year Built: 1905
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 87.11
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2870.0
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:Gas: Yes
  • Gas:Natural - On Site: Yes
  • Property Information:Number of Units: 8
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 53971.0
  • Income Expenses Operating Expenses: 28727.0
  • Heat System:Steam: Yes
  • Location:Historic District: Yes
  • Driveway:Gravel: Yes
  • Exterior:Asbestos: Yes
  • Transportation:Public Transport Access: Yes
  • Style:Rooming House: Yes
  • Advertising Remarks:Advertising Remarks: West End rooming house. 8 Rentals with common kitchen and two common baths. Parking. Possible conversion to 3-unit.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full
  • Full Bathrooms: 2
  • Flooring: Vinyl, Tile, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Historic District, Intown, Near Public Transit
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Off Street

Utilities

  • Security: Fire System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: 197Spring StreetPortland45001E21
  • Zoning: R6

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 53971.0
  • Annual Operating Expense: 28727.0

Tax Info

  • Tax Annual Amount: 4950.0
  • Tax Block: 001
  • Tax Lot: E21
  • Tax Year: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2013
Closed on
Aug 19, 2013
Sold by
Spring Man Properties Llc
Bought by
Wait Llc
Seller's Agent
Kevin D'Amboise
The Real Estate Store
Buyer's Agent
Kevin D'Amboise
The Real Estate Store
List Price
$259,900
Sold Price
$250,000
Premium/Discount to List
-$9,900
-3.81%
Current Estimated Value
$512,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,748
Avg. Annual Appreciation
6.00%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Wait Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2013 08/16/13 Sold $250,000 -3.8% $87 / Sq Ft
07/15/2013 07/15/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $259,900 -- $91 / 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 $7,421 $494,400 $306,100 $188,300
2023 $7,124 $494,400 $306,100 $188,300
2022 $6,729 $494,400 $306,100 $188,300
2021 $6,422 $494,400 $306,100 $188,300
2020 $6,131 $263,000 $153,700 $109,300
2019 $6,131 $263,000 $153,700 $109,300
2018 $5,912 $263,000 $153,700 $109,300
2017 $5,694 $263,000 $153,700 $109,300
2016 $5,552 $263,000 $153,700 $109,300
2015 $5,426 $263,000 $153,700 $109,300
2014 $5,260 $263,000 $153,700 $109,300
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    Kevin D'Amboise

    The Real Estate Store

    (207) 332-1168

    75 Total Sales

    Kevin D'Amboise
    Section Image

  • K

    Seller Co-Listing Agent in 2013

    Kevin Murphy

    The Real Estate Store

    (207) 756-3776

    24 Total Sales

    Kevin Murphy
    Section Image
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Map

Source: Maine Listings

MLS Number: 1085404

Maine Listings

APN: PTLD-000045-000000-E021001

Maine Cumberland County Portland 04102 West End

197 Spring St, Portland, ME

Not Listed for Sale

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