NOT LISTED FOR SALE

278 Danforth St Portland, ME 04102

West End Neighborhood

Estimated Value: $614,540 - $762,000

4 Beds
2 Baths
1,656 Sq Ft
$414/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $480,000 $290 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,393/month

47 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Main Floor Bedroom
  • Property is near public transit
  • New Englander Architecture
  • 2-minute walk to McIntyre Park

About This Home

As of January 2022

West End 2-unit, great for owner occupied or investor! In need of some TLC. Long term tenants in place for many years. Gas with oil backup can be separated for each unit. Separate electric. Tons of potential in great location!

Last Agent to Sell the Property

Kathryn Townsend

Townsend Real Estate Listed on: 11/04/2021

Last Buyer's Agent

Kimberly Sutton

Benchmark Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,030

Year Built

  • Built in 1890

Lot Details

  • 1,307 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,656 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Basement

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

Outdoor Features

  • Nearby Water Access

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Hot Water Heating System
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 2 / F
  • Assessor Parcel Number PTLD-000057-F000002-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $10,900
  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,030

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.03
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Longfellow Square take State Street for 0.3 miles, turn right on Danforth Street. In 0.4 miles property will be on left.
  • Above Grade Finished Sq Ft: 1656.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.03
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1656.0
  • 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:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 19200.0
  • Income Expenses Operating Expenses: 10900.0
  • Exterior:Wood Siding: Yes
  • Recreational Water:Nearby: Yes
  • Basement:BrickMortar: Yes
  • Driveway:Gravel: Yes
  • Water Heater:Tank: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Interior, Brick/Mortar, Full
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Tile
  • Interior Amenities: 1st Floor Bedroom
  • Full Basement: Yes

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Direct Vent Furnace
  • 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: 1306.8
  • Parcel #: PTLD-000057-F000002-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19200.0
  • Annual Operating Expense: 10900.0

Tax Info

  • Tax Annual Amount: 6030.0
  • Tax Block: F
  • Tax Book Number: 6760
  • Tax Lot: 2
  • Tax Map Number: 57
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Jan 28, 2022
Sold by
Genovese Rocco D and Genovese Paula D
Bought by
Elliott-Farino Carolyn and Farino Gregory
Seller's Agent
Kathryn Townsend
Townsend Real Estate
Buyer's Agent
Kimberly Sutton
Benchmark Real Estate
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Current Estimated Value
$685,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,135
Avg. Annual Appreciation
11.24%
Original Mortgage
$384,000
Outstanding Balance
$358,654
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$330,201
Source: Public Records

Range of Values:

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Average Value
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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
Elliott-Farino Carolyn $480,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elliott-Farino Carolyn $384,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $480,000 -3.8% $290 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
10/29/2021 10/29/21 For Sale $499,000 -- $301 / 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 $6,915 $460,700 $258,600 $202,100
2023 $6,639 $460,700 $258,600 $202,100
2022 $6,318 $464,200 $258,600 $205,600
2021 $6,030 $464,200 $258,600 $205,600
2020 $4,138 $177,500 $104,400 $73,100
2019 $4,138 $177,500 $104,400 $73,100
2018 $3,843 $177,500 $104,400 $73,100
2017 $3,843 $177,500 $104,400 $73,100
2016 $3,747 $177,500 $104,400 $73,100
2015 $3,662 $177,500 $104,400 $73,100
2014 $3,550 $177,500 $104,400 $73,100
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kathryn Townsend

    Townsend Real Estate

  • Kimberly Sutton

    Buyer's Agent in 2022

    Kimberly Sutton

    Benchmark Real Estate

    (207) 329-9224

    2 in this area

    3 Total Sales

    Kimberly Sutton
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Map

Source: Maine Listings

MLS Number: 1513422

Maine Listings

APN: PTLD-000057-000000-F002001

Maine Cumberland County Portland 04102 West End

278 Danforth St, Portland, ME

This home is located at 278 Danforth St, Portland, ME 04102 since 04 November 2021 and is currently estimated at $685,135, approximately $413 per square foot. This property was built in 1890. 278 Danforth St is a home located in Cumberland County with nearby schools including Reiche Community 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.

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