Seller's Agent in 2023
Jaye Gorham
Portside Real Estate Group
(207) 671-7430
3 in this area
80 Total Sales
29 Ocean Ave Portland, ME 04103
Back Cove NeighborhoodEstimated Value: $711,000 - $909,325
5
Beds
2
Baths
2,196
Sq Ft
$354/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Wood Flooring
- No HOA
- Colonial Architecture
- Attic
- 1-minute walk to Heseltine Park
About This Home
As of July 2023You will love being part of this vibrant neighborhood close to Baxter Blvd trail, Coveside Coffee, Sammy's Scoops, Food & Beverage Restaurant, Bayou Kitchen, Bird & Co. Tacos, Back Cove Books and more. Ocean Avenue Elementary is two blocks away and schools in Deering Center, USM, and the University of New England are nearby. Built in 1890, this duplex retains its original period charm while featuring updated bathrooms, new siding, and a new architectural shingle roof. The first-floor apartment boasts an eat-in kitchen, dining room, living room, and three bedrooms. The second-floor apartment offers a kitchen, spacious pantry, laundry room, dining room, living room, and two bedrooms. The attic, partially finished, presents expansion possibilities. Please note that the studio unit/workshop in the basement is not permitted with the City of Portland. The sizable yard is adorned with raised bed perennial gardens and includes a 96 SF shed. It is worth noting that zoning regulations may allow for additional units, and the new owner will have the freedom to set the rents since the building has been owner-occupied for many years. We recommend that interested buyers conduct further investigation with the City of Portland for more information. Block Showings; ShowingTime: Friday 6/23 12:00-3:00 pm; Saturday 6/24 12:00-3:00 pm, Sunday 2/25 12:00-4:00 pm. Monday 6/26 by appointment, please use ShowingTime.
Last Buyer's Agent
Daniel Weber
Portside Real Estate Group
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,907
Year Built
- Built in 1890
Lot Details
- 8,276 Sq Ft Lot
- Level Lot
Home Design
- Colonial Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2 Full Bathrooms
- 2-Story Property
- Washer and Dryer Hookup
- Attic
Flooring
- Wood
- Vinyl
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Brick Basement
- Interior Basement Entry
Parking
- Gravel Driveway
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Outbuilding
Location
- Property is near a golf course
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Gas Water Heater
- Internet Available
Listing and Financial Details
- Legal Lot and Block 002 / G
- Assessor Parcel Number PTLD-000129-G000002-000001
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $9,600
- Gross Income $48,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 11, 2025
Sold by
Labonte Christian D
Bought by
Labonte Christian D and Labonte Luanna B
Current Estimated Value
Purchase Details
Listed on
Jun 22, 2023
Closed on
Jul 28, 2023
Sold by
Longwoods Rd Rt and Longereel Llc Tr
Bought by
Labonte Christian D
Seller's Agent
Jaye Gorham
Portside Real Estate Group
Buyer's Agent
Daniel Weber
Portside Real Estate Group
List Price
$679,000
Sold Price
$685,000
Premium/Discount to List
$6,000
0.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%
Original Mortgage
$685,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 1, 2022
Sold by
Williams Thomas
Bought by
Williams Rt
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 |
|---|---|---|---|
| Labonte Christian D | -- | None Available | |
| Labonte Christian D | -- | None Available | |
| Labonte Christian D | $685,000 | None Available | |
| Labonte Christian D | $685,000 | None Available | |
| Williams Rt | $300,000 | None Available | |
| Williams Rt | $300,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Labonte Christian D | $685,000 | |
| Previous Owner | Williams 3Rd Walter S | $294,566 | |
| Previous Owner | Williams 3Rd Walter S | $0 | |
| Previous Owner | Williams 3Rd Walter S | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2023 07/28/23 | Sold | $685,000 | +0.9% | $312 / Sq Ft |
| 06/26/2023 06/26/23 | Pending | -- | -- | -- |
| 06/22/2023 06/22/23 | For Sale | $679,000 | -- | $309 / 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 | $7,368 | $490,900 | $68,500 | $422,400 |
| 2023 | $6,254 | $434,000 | $68,500 | $365,500 |
| 2022 | $5,907 | $434,000 | $68,500 | $365,500 |
| 2021 | $5,638 | $434,000 | $68,500 | $365,500 |
| 2020 | $6,273 | $269,100 | $82,200 | $186,900 |
| 2019 | $6,273 | $269,100 | $82,200 | $186,900 |
| 2018 | $5,826 | $269,100 | $82,200 | $186,900 |
| 2017 | $5,826 | $269,100 | $82,200 | $186,900 |
| 2016 | $5,681 | $269,100 | $82,200 | $186,900 |
| 2015 | $5,552 | $269,100 | $82,200 | $186,900 |
| 2014 | $5,382 | $269,100 | $82,200 | $186,900 |
Source: Public Records
Agents Affiliated with this Home
-
-
D
Buyer's Agent in 2023
Daniel Weber
Portside Real Estate Group
Map
Source: Maine Listings
MLS Number: 1563072
APN: PTLD-000129-000000-G002001
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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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