NOT LISTED FOR SALE

Estimated Value: $632,000 - $752,231

4 Beds
2.5 Baths
2,882 Sq Ft
$246/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $485,000 $168 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,433/month

28 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Federal Architecture
  • Wood Flooring
  • 0.33 Acre Lot
  • Deck
  • No HOA

About This Home

As of August 2021

Turn of the century, 1906+/- 2-family home. Only 5 owners in over a century. Many period details including French doors opening to large foyer with craftsman styled staircase, Victorian paneled solid wood doors, hardwood floors, built-ins, trim, and baseboard all with original finish.

Property needs cosmetic repairs and updates. A little sweat equity will go a long way.

Unit 1: Two story unit, 2 Bedrooms, 1.5 baths (Vacant - Previously Owner Occupied). Lovely two-story layout with half bath on ground level and 2 bedroom and full bath on level 2.

Unit 2: Two story unit, 2 Bedrooms, 1 bath (vacant since Dec. 2019). Located on upper floors with open concept and bright, tree line skylights has had 35 years of continuous quality renters.

Property also features a detached home office. Potential conversion to Accessory Dwelling Unit a possibility.

Located in the North Deering neighborhood just five minutes from downtown Portland or Falmouth. Easy on and off access to 295 and 95. Quiet dead-end street, easy walking distance to Back Bay and Payson Park amenities. Mature landscaping with patio or deck for each unit, private screened front porch, and newly paved off street parking.

Much work completed in 2020, including new roof, foundation updates with concrete footings and new supports. Natural gas Bosch heating system with multiple zones installed in 2014 with updated radiators. City water, sewage and underground utilities put in with True Street Development. Property needs cosmetic repairs and updates. A little sweat equity will go a long way.

Looking for a unicorn with all the charm and potential of a fabulous investment property where you can customize your future home? Want a separate home office easy to expense and have an income unit pay half your mortgage?

Last Agent to Sell the Property

Mike Carey

TAP Realty Solutions Listed on: 06/14/2021

Last Buyer's Agent

Nicholas Clark

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,450

Year Built

  • Built in 1907

Lot Details

  • 0.33 Acre Lot
  • Property Fronts a Bay or Harbor
  • Landscaped
  • Level Lot

Home Design

  • Federal Architecture
  • Farmhouse Style Home
  • Wood Frame Construction
  • Fiberglass Roof
  • Wood Siding

Interior Spaces

  • 2,882 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub
  • Shower Only

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Sump Pump

Parking

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

Outdoor Features

  • Deck
  • Shed
  • Outbuilding

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Radiator
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot A4
  • Assessor Parcel Number PTLD-000424-A000004-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,450

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.33
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Directions: True Street is off Ocean Avenue east of Washington.
  • Above Grade Finished Sq Ft: 2882.0
  • Architectural Style: Farmhouse, Federal
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1907
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.33
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2882.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Seasonal
  • Construction:Wood Frame: 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
  • Water Heater:Gas: Yes
  • Amenities:Storage: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Shower: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Basement:Sump Pump: Yes
  • Heat System:Radiator: Yes
  • Style:Federal: Yes
  • Parking:On Street: Yes
  • Roof:Fiberglass: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Bulkhead, Full, Sump Pump, Exterior Entry, Interior Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Bathtub, Shower, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Intown, Near Town, Neighborhood
  • Waterfront Features: Harbor
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Other
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Fiberglass
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Multi-Zones, Hot Water
  • 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: 14374.8
  • Parcel #: PTLD-000424-A000004-000001
  • Zoning: R-5

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6449.87
  • Tax Book Number: 6863
  • Tax Lot: A4
  • Tax Map Number: 424
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Aug 25, 2021
Sold by
Kent Nicholas C and Mcquiddy-Kent Amanda
Bought by
Belanger Adam and Killeen Ashlinn C
Seller's Agent
Mike Carey
TAP Realty Solutions
Buyer's Agent
Nicholas Clark
Portside Real Estate Group
List Price
$325,000
Sold Price
$485,000
Premium/Discount to List
$160,000
49.23%
Current Estimated Value
$708,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,808
Original Mortgage
$412,250
Outstanding Balance
$379,182
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Belanger Adam -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Belanger Adam $412,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Sold $485,000 +49.2% $168 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $325,000 -- $113 / 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 $7,209 $480,300 $73,000 $407,300
2023 $6,921 $480,300 $73,000 $407,300
2022 $6,537 $480,300 $73,000 $407,300
2021 $6,239 $480,300 $73,000 $407,300
2020 $6,450 $276,700 $75,000 $201,700
2019 $6,450 $276,700 $75,000 $201,700
2018 $6,220 $276,700 $75,000 $201,700
2017 $5,991 $276,700 $75,000 $201,700
2016 $5,841 $276,700 $75,000 $201,700
2015 $5,708 $276,700 $75,000 $201,700
2014 $5,534 $276,700 $75,000 $201,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1496187

Maine Listings

APN: PTLD-000424-000000-A004001