NOT LISTED FOR SALE

Estimated Value: $874,000 - $1,113,000

6 Beds
3 Baths
3,140 Sq Ft
$305/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $871,000 $277 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,799/month

30 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Solar owned by seller
  • Wood Flooring
  • Double Pane Windows
  • Air Conditioning

About This Home

As of September 2023

A classic New England style 3 unit building in the heart of West End Portland. A building with many energy saving features and well maintained for any novice or experienced landlord. The owner has made the building energy efficient with solar panels, a new natural gas boiler, 3 heat pumps and a hybrid water heater. Solar credits are collected and significantly reduces electric costs. The basement has plenty of head space for the workshop and separate updated panels for each unit. The owner's unit is the top floor which offers rooftop views of west end from a private deck, a home theater and multi-functional home office. Each unit has 2 bedrooms, dedicated power meter, hardwood floors, updated windows and a deck. Private fenced-in backyard with recent pavers, water fountain and perennially bushes and fruit trees. The owner has rented a parking spot one block away, other tenants have 24hr street permits. Walking distance to hospital, schools, businesses, entertainment and restaurants. Condo conversions are happening rapidly in this neighborhood. Building had just been inspected for safety with no reported violations. Open House July 1 12:30pm - 1:30pm

Last Agent to Sell the Property

Davian Akers

Keller Williams Realty Listed on: 05/23/2023

Keller Williams Realty

Last Buyer's Agent

Hannah Holmes

Cottage & Co Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,274

Year Built

  • Built in 1910

Lot Details

  • 1,742 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,140 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • ENERGY STAR Qualified Appliances

Flooring

  • Wood
  • Tile
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior and Exterior Basement Entry

Parking

  • No Driveway
  • On-Site Parking

Eco-Friendly Details

  • Smart Grid Meter
  • ENERGY STAR/CFL/LED Lights
  • Air Exchanger
  • Solar owned by seller
  • Solar Heating System

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • Heat Pump System
  • High-Efficiency Furnace
  • Baseboard Heating
  • Programmable Thermostat
  • High-Efficiency Water Heater
  • Water Heated On Demand

Listing and Financial Details

  • Legal Lot and Block 005 / E
  • Assessor Parcel Number PTLD-000055-E000005-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $6,917
  • Gross Income $65,606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,274

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3140.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Efficiency: Smart Electric Meter, Programmable Thermostat, Other/See Internal Remarks, LED Light Fixtures, Insulated Foundation, High Efficiency Water Heater, Energy Star Appliances, Double Pane Windows, Ceiling Fans, 90% Efficient Furnace
  • Building Stories: 3
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 277.07
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.04
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3140.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:On Demand: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 65606.0
  • Income Expenses Operating Expenses: 6917.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Historic District: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:No Driveway: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Parking:No Parking: Yes
  • Roof:Membrane: Yes
  • Energy Efficiency:Smart Electric Meter: Yes
  • Energy Efficiency:Energy Star Appliances: Yes
  • Cooling:AC Units: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Energy Efficiency:Programmable Thermostat: Yes
  • Roof:Flat: Yes
  • Green Features:Air Exchanger: Yes
  • Energy Efficiency:LED Light Fixtures: Yes
  • Heat Fuel:Solar: Yes
  • Electric:Photovoltaics Seller Owned: Yes
  • Advertising Remarks:Advertising Remarks: A classic New England style 3 unit building in the heart of West End Portland. A building with many energy saving features and well maintained for any novice or experienced landlord. The owner has made the building energy efficient with solar panels, a new natural gas boiler, 3 heat pumps and a hybrid water heater. Solar credits are collected and significantly reduces electric costs. The basement has plenty of head space for the workshop and separate updated panels for each unit. The owner's unit is the top floor which offers rooftop views of west end from a private deck, a home theater and multi-functional home office. Each unit has 2 bedrooms, dedicated power meter, hardwood floors, updated windows and a deck. Private fenced-in backyard with recent pavers, water fountain and perennially bushes and fruit trees. The owner has rented a parking spot one block away, other tenants have 24hr street permits. Walking distance to hospital, schools, businesses, entertainment and restaurants. Condo conversions are happening rapidly in this neighborhood. Building had just been inspected for safety with no reported violations. Group showing Tuesday 6/20 11am - Noon and Saturday 6/24 11am - Noon.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Entry, Doghouse, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Tile
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Historic District, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Other Exterior, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Roof: Flat, Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, None, On Site

Utilities

  • Cooling: Heat Pump, A/C Units
  • Cooling Y N: Yes
  • Heating: Heat Pump, Baseboard
  • Heating Yn: Yes
  • Electric: Photovoltaics Seller Owned, Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1742.4
  • Parcel #: PTLD-000055-E000005-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 65606.0
  • Annual Operating Expense: 6917.0

Tax Info

  • Tax Annual Amount: 9274.0
  • Tax Block: E
  • Tax Lot: 005
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
Sep 6, 2023
Sold by
Power Matthew T
Bought by
Samuel L Aborne Ret and Aborne
Seller's Agent
Davian Akers
Keller Williams Realty
Buyer's Agent
Hannah Holmes
Cottage & Co Real Estate
List Price
$930,000
Sold Price
$871,000
Premium/Discount to List
-$59,000
-6.34%
Current Estimated Value
$930,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,400
Avg. Annual Appreciation
4.25%
Original Mortgage
$609,700
Outstanding Balance
$596,401
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$361,209

Purchase Details

Closed on
May 1, 2013
Sold by
Dow Street Props Llc
Bought by
Power Matthew T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,200
Interest Rate
3.57%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Samuel L Aborne Ret $871,000 None Available
Power Matthew T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Samuel L Aborne Ret $609,700
Previous Owner Power Matthew T $251,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2023 09/06/23 Sold $871,000 -6.3% $277 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $930,000 -- $296 / 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 $10,863 $723,700 $263,200 $460,500
2023 $9,819 $681,400 $263,200 $418,200
2022 $9,274 $681,400 $263,200 $418,200
2021 $8,851 $681,400 $263,200 $418,200
2020 $6,706 $287,700 $112,900 $174,800
2019 $6,706 $287,700 $112,900 $174,800
2018 $5,822 $287,700 $112,900 $174,800
2017 $6,229 $287,700 $112,900 $174,800
2016 $5,928 $280,800 $112,900 $167,900
2015 $5,793 $280,800 $112,900 $167,900
2014 $5,616 $280,800 $112,900 $167,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1559405

Maine Listings

APN: PTLD-000055-000000-E005001