NOT LISTED FOR SALE

Estimated Value: $979,905

-- Bed
5 Baths
4,045 Sq Ft
$242/Sq Ft Est. Value

Last Sold August 14, 2023

Last sale price $900,000 $222 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,029/month

56 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • 2 Car Detached Garage
  • Longfellow School-Portland Rated 10
  • No HOA
  • Bathtub

About This Home

As of August 2023

Plentiful Portland Investment Property! Four exceedingly well maintained units paired with a coveted locale make this a turnkey opportunity not to be missed. The building is not only big & beautiful, but also boasts new siding & windows, a new roof, abundant off street parking, a two car detached garage and an additional storage unit (once a garage that can easily be converted back!). This mixed-use multi unit is a sweet spot for businesses and residents alike. The main floor is in use by a long-time commercial tenant as a spacious salon, featuring wood & tile floors and windows galore. Three additional residential units await on the second and third floors, where tenants enjoy various amenities including mood-boosting natural light, pine ceilings, recessed lighting, built-ins and more. Coin-operated laundry in the basement makes chores a breeze. Perched in one of the most convenient places in Portland, this property has easy proximity to endless perks including walkable sidewalks, local restaurants, shopping, schools, trails, parks, the bus line, highways and the airport. Opportunity is knocking - will you answer?

Last Agent to Sell the Property

Bridget King Jason Miller

King + Miller Real Estate Brokerage Email: info@kingmillerrealestate.com Listed on: 05/12/2023

Last Buyer's Agent

Zachary Simon

Landing Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,658

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,045 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement
  • Interior and Exterior Basement Entry

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub
  • Shower Only

Location

  • Suburban Location

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Steam

Listing and Financial Details

  • Legal Lot and Block 18 + 20 / E
  • Assessor Parcel Number PTLD-000082-E000018-000001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry
  • Community Storage Space

Building Details

  • Operating Expense $19,637
  • Gross Income $75,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,658

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Brighton Ave to 219 on corner of St George.
  • Above Grade Finished Sq Ft: 4045.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1900
  • Attribution Contact: info@kingmillerrealestate.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 245.98
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 4045.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: 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
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 75900.0
  • Income Expenses Operating Expenses: 19637.02
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Heat System:Steam: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Plentiful Portland Investment Property! Four exceedingly well maintained units paired with a coveted locale make this a turnkey opportunity not to be missed. The building is not only big & beautiful, but also boasts new siding & windows, a new roof, abundant off street parking, a two car detached garage and an additional storage unit (once a garage that can easily be converted back!). This mixed-use multi unit is a sweet spot for businesses and residents alike. The main floor is in use by a long-time commercial tenant as a spacious salon, featuring wood & tile floors and windows galore. Three additional residential units await on the second and third floors, where tenants enjoy various amenities including mood-boosting natural light, pine ceilings, recessed lighting, built-ins and more. Coin-operated laundry in the basement makes chores a breeze. Perched in one of the most convenient places in Portland, this property has easy proximity to endless perks including walkable sidewalks, local restaurants, shopping, schools, trails, parks, the bus line, highways and the airport. Opportunity is knocking - will you answer?
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Flooring: Wood, Vinyl, Tile
  • Interior Amenities: Bathtub, Shower, Storage

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Neighborhood, Suburban
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Detached, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Hot Water, 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: 6969.6
  • Parcel #: PTLD-000082-E000018-000001
  • Zoning: B1 + R5

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 75900.0
  • Annual Operating Expense: 19637.02

Tax Info

  • Tax Annual Amount: 9657.66
  • Tax Block: E
  • Tax Lot: 18 + 20
  • Tax Year: 2022

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Aug 14, 2023
Sold by
Port-West Properties Llc
Bought by
219 Brighton Llc
Seller's Agent
Bridget King Jason Miller
King + Miller Real Estate
Buyer's Agent
Zachary Simon
Landing Real Estate
List Price
$995,000
Sold Price
$900,000
Premium/Discount to List
-$95,000
-9.55%
Current Estimated Value
$979,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,905
Avg. Annual Appreciation
3.75%
Original Mortgage
$450,000
Outstanding Balance
$439,554
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$540,351
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
219 Brighton Llc $900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 219 Brighton Llc $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2023 08/14/23 Sold $900,000 -9.5% $222 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $995,000 +139.8% $246 / Sq Ft
09/08/2016 09/08/16 Sold $415,000 -2.4% $74 / Sq Ft View Prior Sale
07/03/2016 07/03/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $425,000 -- $75 / 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 $10,426 $694,600 $190,600 $504,000
2023 $10,009 $694,600 $190,600 $504,000
2022 $9,454 $694,600 $190,600 $504,000
2021 $9,023 $694,600 $190,600 $504,000
2020 $9,413 $403,800 $108,900 $294,900
2019 $9,413 $403,800 $108,900 $294,900
2018 $8,742 $403,800 $108,900 $294,900
2017 $8,742 $403,800 $108,900 $294,900
2016 $8,524 $403,800 $108,900 $294,900
2015 $8,330 $403,800 $108,900 $294,900
2014 $8,076 $403,800 $108,900 $294,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1558744

Maine Listings

APN: PTLD-000082-000000-E018001