NOT LISTED FOR SALE

251 Cumberland Ave Portland, ME 04101

West Bayside Neighborhood
-- Bed
10 Baths
8,026 Sq Ft
2,614 Sq Ft Lot

Last Sold April 29, 2016

Last sale price $825,000 $103 Per Sq Ft

36 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Coin Laundry
  • Wood Flooring
  • Heating System Uses Steam
  • 1-minute walk to Stone Street Splash Pad

About This Home

As of April 2016

Downtown 10 unit investment opportunity. Cap rate 8%. Desirable in-town location - Walk score = 97. One block from the Press Hotel, Grace restaurant and the top of Exchange Street. Very clean, coin-op laundry facility with separate entrance.

Last Agent to Sell the Property

Susan Kendeigh

Vitalius Real Estate Group, LLC Listed on: 01/06/2016

Last Buyer's Agent

Chris Sullivan

Vitalius Real Estate Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,221

Year Built

  • Built in 1915

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 10 Full Bathrooms
  • 8,026 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

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

Parking

  • Leased Parking
  • No Driveway

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 8 / K
  • Assessor Parcel Number PTLD-000026-000000-K008001

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $24,500
  • Gross Income $109,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,221

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • MLS Status: Closed
  • Directions: Behind City Hall and Merrill Auditorium. Cumberland Ave. between Chapel and Myrtle Streets.
  • Above Grade Finished Sq Ft: 8026.0
  • Architectural Style: Multi-Level
  • Building Stories: 3
  • Year Built: 1915
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.06
  • Property Information:Total Baths: 10.0
  • Property Information:SqFt Finished Above Grade: 8026.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 10
  • Heat System:Radiant: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 109000.0
  • Income Expenses Operating Expenses: 24500.0
  • Style:Multi-Level: Yes
  • Heat System:Steam: Yes
  • Driveway:No Driveway: Yes
  • Parking:No Parking: Yes
  • Water Heater:Tank: Yes
  • Heat System:Radiator: Yes
  • Basement Entry:Exterior Only: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Exterior Only, Unfinished
  • Full Bathrooms: 10
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, Leased, None
  • Parking Leased: Yes

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Radiator, Radiant
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2613.6
  • Parcel #: PTLD-000026-000000-K008001
  • Zoning: B2

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 109000.0
  • Annual Operating Expense: 24500.0

Tax Info

  • Tax Annual Amount: 7221.0
  • Tax Block: K
  • Tax Book Number: 29364
  • Tax Lot: 8
  • Tax Map Number: 26
  • Tax Year: 2015

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $825,000 -6.8% $103 / Sq Ft
02/12/2016 02/12/16 Pending -- -- --
01/06/2016 01/06/16 For Sale $885,000 -- $110 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Susan Kendeigh

    Vitalius Real Estate Group, LLC

  • Chris Sullivan

    Buyer's Agent in 2016

    Chris Sullivan

    Vitalius Real Estate Group, LLC

    (207) 730-0884

    3 in this area

    128 Total Sales

    Chris Sullivan
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Map

Source: Maine Listings

MLS Number: 1247684

Maine Listings
Maine Cumberland County Portland 04101 West Bayside

251 Cumberland Ave, Portland, ME

This home is located at 251 Cumberland Ave, Portland, ME 04101 since 06 January 2016. This property was built in 1915. 251 Cumberland Ave is a home located in Cumberland County with nearby schools including Ocean Avenue Elementary School, King Middle School, and Baxter Academy for Tech & Sciences.

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.

Maine Listings 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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