NOT LISTED FOR SALE

31 Salem St Portland, ME 04102

West End Neighborhood

Estimated Value: $582,000 - $1,491,122

-- Bed
3 Baths
2,519 Sq Ft
$411/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $850,000 $337 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,157/month

12 Days on Market

Highlights

  • Nearby Water Access
  • Property is near public transit
  • New Englander Architecture
  • Deck
  • Wood Flooring
  • 3-minute walk to Harbor View Memorial Park

About This Home

As of August 2020

Rare West End 3 unit building with approved buildable lot. All 3 units have been recently updated. First floor unit has French doors leading out to a well landscaped private oasis with patio and heirloom peach trees. Keep this lot as is or develop a new multi unit building here. Original 3 car garage, with its footprint, can be incorporated into your new design. 2nd and 3rd floor units have peeks of the water. This is a clean building and, with the lot, offers the new owner many possibilities. Great location close to West End amenities, highway, hospitals, and Casco Bay Bridge leading to beaches. See attached list of updates, 3D virtual tour, floor plans, survey and income/expense sheet.

Last Agent to Sell the Property

Colleen Bedard

RE/MAX Shoreline Listed on: 06/09/2020

RE/MAX Shoreline

Last Buyer's Agent

David Marsden

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,100

Year Built

  • Built in 1874

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced
  • Landscaped
  • Corner Lot

Parking

  • 3 Car Detached Garage
  • Gravel Driveway

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2,519 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Tile
  • Vinyl

Unfinished Basement

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

Outdoor Features

  • Nearby Water Access
  • Deck
  • Patio

Location

  • Property is near public transit
  • City Lot

Farming

  • Crops

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 26 / J
  • Assessor Parcel Number 3135SalemStreetPortland04102

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • West End Subdivision

Building Details

  • Operating Expense $13,847
  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,100

Year Built

Built in 1874

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: West End
  • Directions: On the corner of Clark and Salem
  • Above Grade Finished Sq Ft: 2519.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1874
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2519.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • 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:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Amenities:Fence: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 52800.0
  • Income Expenses Operating Expenses: 13847.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Site:Harvestable Crops: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 3
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Tile
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Harvestable Crops, Corner Lot, Sidewalks, Landscaped, Intown, Near Turnpike/Interstate, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Gravel, On Site, Detached

Utilities

  • 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: 6534.0
  • Parcel #: 3135SalemStreetPortland04102
  • Zoning: R-6

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 52800.0
  • Annual Operating Expense: 13847.0

Tax Info

  • Tax Annual Amount: 7100.0
  • Tax Block: J
  • Tax Book Number: 33073
  • Tax Lot: 26
  • Tax Map Number: 57
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Aug 31, 2020
Sold by
Kennedy-Spaien Eve and Kennedy-Spaien Kevin
Bought by
Moore Christopher and Lacasse Bree
Seller's Agent
Colleen Bedard
RE/MAX Shoreline
Buyer's Agent
David Marsden
Coldwell Banker Realty
List Price
$900,000
Sold Price
$850,000
Premium/Discount to List
-$50,000
-5.56%
Current Estimated Value
$1,108,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,643
Avg. Annual Appreciation
4.08%
Original Mortgage
$637,500
Outstanding Balance
$567,022
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$468,259

Purchase Details

Listed on
Feb 5, 2016
Closed on
Apr 29, 2016
Sold by
Latham Donna L
Bought by
Spaien Eve K and Spaien Kevin K
Seller's Agent
Lori St. Onge
Bean Group
Buyer's Agent
Colleen Bedard
Townsend Real Estate
List Price
$550,000
Sold Price
$555,000
Premium/Discount to List
$5,000
0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$412,500
Interest Rate
3.73%
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
Moore Christopher -- None Available
Spaien Eve K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Christopher $637,500
Previous Owner Spaien Eve K $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $850,000 -5.6% $337 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
06/02/2020 06/02/20 For Sale $900,000 +62.2% $357 / Sq Ft
04/28/2016 04/28/16 Sold $555,000 +0.9% $210 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $550,000 -- $208 / 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 $1,046 $69,700 $69,700 $0
2023 $1,004 $69,700 $69,700 $0
2022 $949 $69,700 $69,700 $0
2021 $755 $58,100 $58,100 $0
2020 $615 $26,400 $17,900 $8,500
2019 $615 $26,400 $17,900 $8,500
2018 $572 $26,400 $17,900 $8,500
2017 $572 $26,400 $17,900 $8,500
2016 $557 $26,400 $17,900 $8,500
2015 $545 $26,400 $17,900 $8,500
2014 $528 $26,400 $17,900 $8,500
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Colleen Bedard

    RE/MAX

    (207) 233-7273

    3 in this area

    67 Total Sales

    Section Image

  • D

    Buyer's Agent in 2020

    David Marsden

    Coldwell Banker Realty

  • L

    Seller's Agent in 2016

    Lori St. Onge

    Bean Group

See All Agents

Map

Source: Maine Listings

MLS Number: 1454576

Maine Listings

APN: PTLD-000057-000000-J026001

Maine Cumberland County Portland 04102 West End

31 Salem St, Portland, ME

This home is located at 31 Salem St, Portland, ME 04102 since 09 June 2020 and is currently estimated at $1,035,281, approximately $410 per square foot. This property was built in 1874. 31 Salem 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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