NOT LISTED FOR SALE

218 Prospect St Portland, ME 04103

Deering Center Neighborhood

Estimated Value: $791,990 - $1,098,000

6 Beds
3 Baths
4,161 Sq Ft
$226/Sq Ft Est. Value

Last Sold December 12, 2012

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

Est. 169% increase in value since last sale

Current estimated payment $5,830/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
  • Contract Information:List PriceSqFt: 84.23
  • 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 Lot: K-1
  • 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
$941,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,248
Avg. Annual Appreciation
7.91%
Original Mortgage
$262,875
Interest Rate
3.44%
Mortgage Type
Purchase Money Mortgage
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
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 List to Sale Price per Sq Ft
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

Not Listed for Sale

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