T
Seller's Agent in 2024
Thomas Ranello
RE/MAX
(207) 838-1651
1 in this area
109 Total Sales
240 Park Ave Portland, ME 04102
Valley Street NeighborhoodEstimated Value: $711,000 - $872,639
6
Beds
3
Baths
3,705
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Main Floor Bedroom
- Property is near public transit
- New Englander Architecture
- No HOA
About This Home
As of March 2024THIS 2 UNIT HOME IS IN MOVE IN CONDITION. THE FISRT FLOOR IS A 2 BEDROOM UNIT WITH LARGE UPDATED KITCHEN AND UPDATED BATH AND HARDWOOD FLOORS. THE 2ND UNIT LOCATED ON BOTH 2ND AND 3RD FLOORS IS A 4 BEDROOM 2 BATH HOME WITH EXCELLENT RENTAL POTENTIAL .LOCATED WITHIN WALKING DISTANCE TO USM, MMC MERCY HOSPITAL AND ALL MAJOR EMPLOYMENT IN THE CITY. OFF STRRET PARKING ECONOMICAL GAS HEAT COMBINE TO MAKE THIS PROPERTY A FANTASTIC OPPORTUNITY
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,670
Year Built
- Built in 1897
Lot Details
- 3,485 Sq Ft Lot
- Level Lot
Home Design
- 3,705 Sq Ft Home
- New Englander Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Asbestos Siding
- Asbestos
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Bathtub
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Brick Basement
- Exterior Basement Entry
Parking
- Driveway
- Paved Parking
Outdoor Features
- Deck
- Outbuilding
- Porch
Location
- Property is near public transit
- City Lot
Utilities
- Air Conditioning
- Zoned Heating
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Heating System Uses Steam
- Internet Available
- Cable TV Available
Listing and Financial Details
- Tax Lot A9
- Assessor Parcel Number PTLD-000053-A000009-000001
Community Details
Overview
- No Home Owners Association
- 2 Units
- 25-Story Property
Amenities
- Coin Laundry
- Community Storage Space
Building Details
- Operating Expense $11,600
- Gross Income $60,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 2, 2024
Closed on
Mar 1, 2024
Sold by
Park Holdings Llc
Bought by
Sethia Prakash and Mohnot Mamta
Seller's Agent
Thomas Ranello
RE/MAX Shoreline
Buyer's Agent
Don L'Heureux
Keller Williams Realty
List Price
$700,000
Sold Price
$665,000
Premium/Discount to List
-$35,000
-5%
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,910
Avg. Annual Appreciation
8.42%
Original Mortgage
$465,500
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 13, 2019
Sold by
Ryan Maeve
Bought by
Lamson Gary R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Jun 13, 2016
Sold by
240 Park Ave Llc
Bought by
Ryan Maeve and Lamson Gary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
3.66%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sethia Prakash | $665,000 | None Available | |
| Lamson Gary R | -- | None Available | |
| Ryan Maeve | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sethia Prakash | $425,000 | |
| Closed | Sethia Prakash | $465,500 | |
| Previous Owner | Lamson Gary R | $292,500 | |
| Previous Owner | Lamson Gary R | $292,500 | |
| Previous Owner | Ryan Maeve | $191,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2024 03/01/24 | Sold | $665,000 | -5.0% | $179 / Sq Ft |
| 01/16/2024 01/16/24 | Pending | -- | -- | -- |
| 01/02/2024 01/02/24 | For Sale | $700,000 | +191.7% | $189 / Sq Ft |
| 01/25/2013 01/25/13 | Sold | $240,000 | -7.3% | $107 / Sq Ft |
| 01/07/2013 01/07/13 | Pending | -- | -- | -- |
| 08/10/2012 08/10/12 | For Sale | $259,000 | -- | $116 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $7,582 | $505,100 | $128,900 | $376,200 |
| 2023 | $6,670 | $462,900 | $128,900 | $334,000 |
| 2022 | $6,300 | $462,900 | $128,900 | $334,000 |
| 2021 | $6,013 | $462,900 | $128,900 | $334,000 |
| 2020 | $4,900 | $210,200 | $65,000 | $145,200 |
| 2019 | $4,900 | $210,200 | $65,000 | $145,200 |
| 2018 | $4,551 | $210,200 | $65,000 | $145,200 |
| 2017 | $4,551 | $210,200 | $65,000 | $145,200 |
| 2016 | $4,437 | $210,200 | $65,000 | $145,200 |
| 2015 | $4,336 | $210,200 | $65,000 | $145,200 |
| 2014 | $4,204 | $210,200 | $65,000 | $145,200 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Ranello
-
Don L'Heureux
Buyer's Agent in 2024
Don L'Heureux
Keller Williams Realty
(207) 879-9800
1 in this area
234 Total Sales
-
Jeffrey Davis
Seller's Agent in 2013
Jeffrey Davis
Town & Shore Real Estate
(207) 233-9423
153 Total Sales
-
S
Buyer's Agent in 2013
Susan Kendeigh
Vitalius Real Estate Group, LLC
Map
Source: Maine Listings
MLS Number: 1579738
APN: PTLD-000053-000000-A009001
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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