NOT LISTED FOR SALE
3 Beds
11 Baths
8,956 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: April 25, 2024

Last sale price $1,600,000 $179 Per Sq Ft

6 Days on Market

Highlights

  • Property is near public transit and shops
  • Victorian Architecture
  • Forced Air Heating System
  • Wood Flooring
  • No HOA
  • 5-minute walk to Congress Square Park

About This Home

As of April 2024

Large 11-unit apartment building in downtown Portland. Building offers historical character and woodwork including original moldings, floors, fireplaces, stairwells, etc. Nice mix of 1-bedroom, 2-bedroom and 3-bedroom units. Newer heating system, 2016 rubber membrane roof, separate electrical services, spray foam insulation, coin-op laundry and much more. Potential to increase rents. Convenient Parkside location, close to Deering Oaks Park, Portland YMCA, and short walk to Congress Street and the Art's District. Also see Commercial Listing #1583239

Last Agent to Sell the Property

Jeffrey Davis

Town & Shore Real Estate Listed on: 03/01/2024

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,112

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Property fronts a freeway
  • Level Lot
  • Open Lot

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 11 Full Bathrooms
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near public transit and shops
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Listing and Financial Details

  • Legal Lot and Block 10 / G
  • Assessor Parcel Number PTLD-000036-G000010-000001

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $76,912
  • Gross Income $190,596

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,112

Year Built

Built in 1910

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: High Street to #237, opposite Grant Street
  • Above Grade Finished Sq Ft: 8124.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 208.64
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 11.0
  • Property Information:SqFt Finished Above Grade: 8124.0
  • Property Information:SqFt Finished Below Grade: 832.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: 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
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 11
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 190596.0
  • Income Expenses Operating Expenses: 76912.0
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Roof:Membrane: Yes
  • Location:Near Railroad: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Large 11-unit apartment building in downtown Portland. Building offers historical character and woodwork including original moldings, floors, fireplaces, stairwells, etc. Nice mix of 1-bedroom, 2-bedroom and 3-bedroom units. Newer heating system, 2016 rubber membrane roof, separate electrical services, spray foam insulation, coin-op laundry and much more. Potential to increase rents. Convenient Parkside location, close to Deering Oaks Park, Portland YMCA, and short walk to Congress Street and the Art's District.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Finished, Full, Interior Entry, Unfinished
  • Full Bathrooms: 11
  • Below Grade Sq Ft: 832.0
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • 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: 4791.6
  • Parcel #: PTLD-000036-G000010-000001
  • Zoning: R-6

Multi Family

  • Number Of Units Total: 11
  • Annual Gross Income: 190596.0
  • Annual Operating Expense: 76912.0

Tax Info

  • Tax Annual Amount: 24112.0
  • Tax Block: G
  • Tax Lot: 10
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Apr 25, 2024
Sold by
237-241 High St Llc
Bought by
Seller's Agent
Jeffrey Davis
Town & Shore Real Estate
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$1,695,000
Sold Price
$1,600,000
Premium/Discount to List
-$95,000
-5.6%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 22, 2023
Closed on
Jan 12, 2024
Sold by
Herbsira Llc
Bought by
237-241 High St Llc
Seller's Agent
Brit Vitalius
Vitalius Real Estate Group, LLC
Buyer's Agent
Jay Sparrow
Allied Real Estate
List Price
$2,200,000
Sold Price
$2,200,000
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-67.93%
Original Mortgage
$1,650,000
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2006
Sold by
Parkside Props Llc
Bought by
Herbsira Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
6.62%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,600,000 None Available
237-241 High St Llc $2,200,000 None Available
Herbsira Llc -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,800,000
Closed 237 High St Partners Llc $1,280,000
Closed 237-241 High St Llc $250,000
Previous Owner 237-241 High St Llc $1,650,000
Previous Owner 237-241 High Street Llc --
Previous Owner Herbsira Llc $725,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/25/2024 04/25/24 Sold $1,600,000 -5.6% $179 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $1,695,000 -23.0% $189 / Sq Ft
01/12/2024 01/12/24 Sold $2,200,000 0.0% $162 / Sq Ft View Prior Sale
11/27/2023 11/27/23 Pending -- -- --
11/22/2023 11/22/23 For Sale $2,200,000 -- $162 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $18,689 $1,560,000 $345,000 $1,215,000
2024 $25,116 $1,673,300 $225,500 $1,447,800
2023 $24,112 $1,673,300 $225,500 $1,447,800
2022 $22,774 $1,673,300 $225,500 $1,447,800
2021 $21,736 $1,673,300 $225,500 $1,447,800
2020 $14,158 $607,400 $67,900 $539,500
2019 $14,158 $607,400 $67,900 $539,500
2018 $13,654 $607,400 $67,900 $539,500
2017 $13,150 $607,400 $67,900 $539,500
2016 $12,822 $607,400 $67,900 $539,500
2015 $12,531 $607,400 $67,900 $539,500
2014 -- $607,400 $67,900 $539,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1583239

Maine Listings
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