NOT LISTED FOR SALE

218 Prospect St Portland, ME 04103

Deering Center Neighborhood

Estimated Value: $797,711 - $1,009,000

6 Beds
3 Baths
4,161 Sq Ft
$220/Sq Ft Est. Value

Last Sold December 12, 2012

Last sale price $350,500 $84 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $5,735/month

2 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • No HOA
  • Longfellow School-Portland Rated 10
  • Wood Flooring
  • Detached Garage

About This Home

As of December 2012

Immaculate 3 unit offers 2 bedroom/1 bath units with hardwood floors, replacement windows, newer McLain Boilers (3), updated circuit breaker panels, rebuilt rear decks & 3 car garage in Deering Highlands. Under market rents.

Last Agent to Sell the Property

Peter Molloy

Portside Real Estate Group Listed on: 11/07/2012

Last Buyer's Agent

Michael Drinan

Webber Real Estate Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,604

Year Built

  • Built in 1910

Lot Details

  • 4,792

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Aluminum Siding

Interior Spaces

  • 3 Full Bathrooms
  • 4,161 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Parking

  • Detached Garage
  • Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Heating System Uses Steam
  • Cable TV Available

Additional Features

  • Deck
  • 4,792 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Tax Lot K-1
  • Assessor Parcel Number 218Prospect StreetPortland122K-1

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Deering Highlands Subdivision

Building Details

  • Operating Expense $9,253
  • Gross Income $33,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,604

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Deering Highlands
  • Directions: From Stevens Ave to Prospect to #218 on the right at the corner of Prospect and Almonte St. From Brighton Ave to Bradley St to left on Prospect to #218.
  • Above Grade Finished Sq Ft: 4161.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4161.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Detached: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 33300.0
  • Income Expenses Operating Expenses: 9252.65
  • Foundation Materials:Block3: Yes
  • Heat System:Steam: Yes
  • Equipment:Cable: Yes
  • Exterior:Aluminum Siding: Yes
  • Transportation:Public Transport Access: Yes
  • Roof:Flat: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full
  • Full Bathrooms: 3
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Block, Stone, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Flat
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Hot Water
  • Heating Yn: Yes
  • Electric: Combination
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: 218Prospect StreetPortland122K-1
  • Zoning: R5

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33300.0
  • Annual Operating Expense: 9252.65

Tax Info

  • Tax Annual Amount: 6604.0
  • Tax Book Number: 14720
  • Tax Lot: K-1
  • Tax Map Number: 122
  • Tax Year: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2012
Closed on
Dec 12, 2012
Sold by
Read Jeffrey T
Bought by
Drinan Michael
Seller's Agent
Peter Molloy
Portside Real Estate Group
Buyer's Agent
Michael Drinan
Webber Real Estate Associates
List Price
$339,000
Sold Price
$350,500
Premium/Discount to List
$11,500
3.39%
Current Estimated Value
$917,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,928
Avg. Annual Appreciation
7.59%
Original Mortgage
$262,875
Interest Rate
3.44%
Mortgage Type
Purchase Money Mortgage
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
Drinan Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Drinan Michael $262,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2012 12/12/12 Sold $350,500 +3.4% $84 / Sq Ft
11/10/2012 11/10/12 Pending -- -- --
11/07/2012 11/07/12 For Sale $339,000 -- $81 / 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 $10,448 $696,100 $91,300 $604,800
2023 $10,031 $696,100 $91,300 $604,800
2022 $9,474 $696,100 $91,300 $604,800
2021 $9,042 $696,100 $91,300 $604,800
2020 $8,179 $350,900 $85,800 $265,100
2019 $8,179 $350,900 $85,800 $265,100
2018 $7,888 $350,900 $85,800 $265,100
2017 $7,597 $350,900 $85,800 $265,100
2016 $7,407 $350,900 $85,800 $265,100
2015 $7,239 $350,900 $85,800 $265,100
2014 $7,018 $350,900 $85,800 $265,100
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    Peter Molloy

    Portside Real Estate Group

  • M

    Buyer's Agent in 2012

    Michael Drinan

    Webber Real Estate Associates

  • M

    Buyer's Agent in 2012

    Mike Drinan

    Cottage & Co Real Estate

    (207) 799-6828

    16 Total Sales

    Mike Drinan
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Map

Source: Maine Listings

MLS Number: 1073888

Maine Listings

APN: PTLD-000122-000000-K001001

Maine Cumberland County Portland 04103 Deering Center

218 Prospect St, Portland, ME

This home is located at 218 Prospect St, Portland, ME 04103 since 07 November 2012 and is currently estimated at $917,428, approximately $220 per square foot. This property was built in 1910. 218 Prospect St is a home located in Cumberland County with nearby schools including Longfellow School-Portland, Lincoln Middle School, and Levey Day School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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