NOT LISTED FOR SALE

Estimated Value: $695,000 - $926,000

3 Beds
3 Baths
1,702 Sq Ft
$503/Sq Ft Est. Value

Last Sold November 04, 2020

Last sale price $625,000 $367 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,648/month

54 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Main Floor Bedroom
  • Public Beach
  • Wood Flooring
  • Attic

About This Home

As of November 2020

Fantastic Investment Opportunity in the highly desirable Willard Beach area. Only steps away from the beach, this 3 unit features spectacular scenic views of Casco Bay from the third story deck and seasonal ocean views from all units. This property offers an array of enticing options- excellent investment opportunity as an owner occupied or three unit, conversion to a single family home, or conversion to condos. Conveniently located near many wonderful attractions including marinas, light houses, Green Belt Trail, local restaurants, SMMC and only minutes away from downtown Portland.
Solid, well-maintained building and systems. Excellent history of occupancy. Current tenants have monthly rental agreements below market rate.
City Assessor recently changed property from a 4 bedroom to a 3 bedroom. Second room in unit 1 can be used as a small office, den or bedroom.

Last Agent to Sell the Property

Lois Flaherty

Locations Real Estate Group LLC Listed on: 07/03/2020

Last Buyer's Agent

Ethan Morton

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,842

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Public Beach
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,702 Sq Ft Home
  • 3-Story Property
  • Water Views
  • Attic

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Suburban Location

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 100
  • Assessor Parcel Number SPOR-000002-000000-000100

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $6,420
  • Gross Income $41,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,842

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Directions: Broadway to Preble, left on Beach, right on Myrtle. Or Cottage to Pillsbury, left on Preble, right on Beach, right on Myrtle.
  • Above Grade Finished Sq Ft: 1702.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.08
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1702.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: 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
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 41400.0
  • Income Expenses Operating Expenses: 6420.0
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Water Heater:Oil2: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Full, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Other, Carpet
  • Interior Amenities: 1st Floor Bedroom, Attic
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Near Public Beach, Near Shopping, Near Town, Neighborhood, Suburban
  • Waterfront Features: Bay, Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air
  • 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: 3484.8
  • Parcel #: SPOR-000002-000000-000100
  • Zoning: A

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 41400.0
  • Annual Operating Expense: 6420.0

Tax Info

  • Tax Annual Amount: 6842.0
  • Tax Book Number: 35036
  • Tax Lot: 100
  • Tax Map Number: 002
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2021
Sold by
98 Playmouth Rt and Heydrick
Bought by
28 Myrtle Llc
Total Days on Market
54
Current Estimated Value
$856,797

Purchase Details

Listed on
Jul 3, 2020
Closed on
Nov 4, 2020
Sold by
Keniston Ann E and Garcia Kathleen H
Bought by
98 Plymouth Rt and Heydrick
Seller's Agent
Lois Flaherty
Locations Real Estate Group LLC
Buyer's Agent
Ethan Morton
Keller Williams Realty
List Price
$629,000
Sold Price
$625,000
Premium/Discount to List
-$4,000
-0.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Original Mortgage
$406,250
Interest Rate
3.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2018
Closed on
Aug 1, 2018
Sold by
Rrk Llc
Bought by
Keniston Ann E and Garcia Kathleen H
Seller's Agent
Lois Flaherty
Locations Real Estate Group LLC
Buyer's Agent
Kathleen Scott
Coldwell Banker Realty
List Price
$569,000
Sold Price
$545,000
Premium/Discount to List
-$24,000
-4.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$436,000
Interest Rate
4.5%
Mortgage Type
New Conventional
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
28 Myrtle Llc -- None Available
28 Myrtle Llc -- None Available
98 Plymouth Rt -- None Available
98 Plymouth Rt -- None Available
Keniston Ann E -- --
Keniston Ann E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 98 Plymouth Rt $406,250
Previous Owner Keniston Ann E $436,000
Previous Owner Rrk Llc $297,750
Previous Owner Rrk Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2020 11/04/20 Sold $625,000 -0.6% $367 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
07/03/2020 07/03/20 For Sale $629,000 +15.4% $370 / Sq Ft
07/31/2018 07/31/18 Sold $545,000 -4.2% $320 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/16/2018 06/16/18 For Sale $569,000 -- $334 / 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 $10,054 $761,700 $453,400 $308,300
2023 $8,026 $567,600 $298,200 $269,400
2022 $7,459 $479,400 $238,600 $240,800
2021 $7,047 $479,400 $238,600 $240,800
2020 $7,074 $358,200 $200,000 $158,200
2019 $6,842 $358,200 $200,000 $158,200
2018 $6,684 $361,300 $182,000 $179,300
2017 $6,503 $361,300 $182,000 $179,300
2016 $5,974 $337,500 $158,200 $179,300
2015 $5,873 $337,500 $158,200 $179,300
2014 $5,771 $337,500 $158,200 $179,300
2013 $5,636 $337,500 $158,200 $179,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1458993

Maine Listings

APN: SPOR-000002-000000-000100