NOT LISTED FOR SALE

24 Elmwood St Portland, ME 04103

North Deering Neighborhood

Estimated Value: $833,000 - $1,115,366

8 Beds
3 Baths
3,740 Sq Ft
$270/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $690,000 $184 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,125/month

12 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 2 Fireplaces
  • Property is near public transit
  • New Englander Architecture
  • No HOA

About This Home

As of January 2021

High quality investment property in great condition features all the excellent elements of a three unit: large open layout, a good bedroom count, updated systems, laundry, expansive parking lot, and located in a neighborhood that consistently attracts ideal tenants. The outdoor decks are a charming bonus. Don't miss this one - it's easy to own and can deliver a return on investment if the steady management continues.

Last Agent to Sell the Property

Brit Vitalius

Vitalius Real Estate Group, LLC Listed on: 11/19/2020

Co-Listed By

Chris Sullivan

Vitalius Real Estate Group, LLC

Last Buyer's Agent

Katie Brooke

Vitalius Real Estate Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,618

Year Built

  • Built in 1920

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Wood Siding
  • Vertical Siding

Interior Spaces

  • 3,740 Sq Ft Home
  • 2 Fireplaces
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Basement

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

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 34 / A
  • Assessor Parcel Number PTLD-000143-A000034-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $18,811
  • Gross Income $63,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,618

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2698
  • Co List Office Phone: 207-541-3755
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3740.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3740.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: 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:Fence: Yes
  • Amenities:Storage: Yes
  • Amenities:Shower: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 63120.0
  • Income Expenses Operating Expenses: 18811.0
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Building Info:_pound_ Fireplaces3: 2
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Exterior:Vertical Siding: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 3
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Wood, Laminate, Carpet
  • Interior Amenities: Bathtub, Shower, Storage
  • Full Basement: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Open Lot, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad
  • Waterfront: No
  • Construction Type: Wood Siding, Vertical Siding, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: 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: 9583.2
  • Parcel #: PTLD-000143-A000034-000001
  • Zoning: R5

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 63120.0
  • Annual Operating Expense: 18811.0

Tax Info

  • Tax Annual Amount: 7618.0
  • Tax Block: A
  • Tax Book Number: 6165
  • Tax Lot: 34
  • Tax Map Number: 143
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Jan 1, 2021
Sold by
Martin Kevin J and Martin Jayne L
Bought by
Hogge Akimitsu and Park Jiyoon
Seller's Agent
Brit Vitalius
Vitalius Real Estate Group, LLC
Buyer's Agent
Katie Brooke
Vitalius Real Estate Group, LLC
List Price
$649,000
Sold Price
$690,000
Premium/Discount to List
$41,000
6.32%
Current Estimated Value
$1,008,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,592
Avg. Annual Appreciation
6.86%
Original Mortgage
$621,000
Outstanding Balance
$563,057
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$377,550

Purchase Details

Closed on
Nov 21, 2016
Sold by
Hollis Robert B
Bought by
Martin Kevin J and Martin Jayne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.42%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Hogge Akimitsu -- None Available
Martin Kevin J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hogge Akimitsu $621,000
Previous Owner Martin Kevin J $230,000
Previous Owner Martin Kevin J $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $690,000 +6.3% $184 / Sq Ft
11/25/2020 11/25/20 Pending -- -- --
11/12/2020 11/12/20 For Sale $649,000 -- $174 / 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 $9,012 $600,400 $64,700 $535,700
2023 $8,652 $600,400 $64,700 $535,700
2022 $8,171 $600,400 $64,700 $535,700
2021 $7,799 $600,400 $64,700 $535,700
2020 $7,618 $326,800 $64,700 $262,100
2019 $7,618 $326,800 $64,700 $262,100
2018 $7,075 $326,800 $64,700 $262,100
2017 $7,075 $326,800 $64,700 $262,100
2016 $6,899 $326,800 $64,700 $262,100
2015 $6,742 $326,800 $64,700 $262,100
2014 $6,536 $326,800 $64,700 $262,100
Source: Public Records

Agents Affiliated with this Home

  • Brit Vitalius

    Seller's Agent in 2021

    Brit Vitalius

    Vitalius Real Estate Group, LLC

    (207) 318-2555

    7 in this area

    175 Total Sales

    Brit Vitalius
    Section Image
  • Chris Sullivan

    Seller Co-Listing Agent in 2021

    Chris Sullivan

    Vitalius Real Estate Group, LLC

    (207) 730-0884

    7 in this area

    128 Total Sales

    Chris Sullivan
    Section Image
  • Katie Brooke

    Buyer's Agent in 2021

    Katie Brooke

    Vitalius Real Estate Group, LLC

    (207) 852-8177

    7 in this area

    129 Total Sales

    Katie Brooke
    Section Image
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Map

Source: Maine Listings

MLS Number: 1475957

Maine Listings

APN: PTLD-000143-000000-A034001

Maine Cumberland County Portland 04103 North Deering

24 Elmwood St, Portland, ME

This home is located at 24 Elmwood St, Portland, ME 04103 since 19 November 2020 and is currently estimated at $1,008,592, approximately $269 per square foot. This property was built in 1920. 24 Elmwood St is a home located in Cumberland County with nearby schools including Gerald E. Talbot Community School, Lyman Moore Middle School, and St. Brigid 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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