NOT LISTED FOR SALE

Estimated Value: $658,469 - $812,000

4 Beds
3 Baths
2,173 Sq Ft
$334/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $630,000 $290 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,530/month

22 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Baseboard Heating
  • Property is near public transit
  • No HOA
  • 2-minute walk to Harbor View Memorial Park

About This Home

As of January 2024

Perched in a prime location a stone's throw away from the Old Port & West End, this State Street Triplex is the epitome of city living surrounded by Portland's historic charm. Inside, wood floors & mood boosting natural light await. The main floor offers Unit #1 - a cozy one bedroom apartment currently occupied by long-term tenants. The second floor is home to Unit # 2 - also a one bedroom dwelling - vacant and ready to be owner or renter occupied. The third floor's Unit #3 boasts two bedrooms and is leased through January 2024. The basement's convenient coin-op laundry room is a relief for residents, who need not lug their clothes off site. Another amenity is parking - one off-street spot for each unit awaits in the lot behind the building! State Street connects the iconic Old Port district with the fashionable West End, where the past harmonizes with the present. When it's time for errands, dining or shopping, everything a heart could desire is mere steps or a quick drive away. This income opportunity is bound to bring abundance to the new owner - will it be you?

Last Agent to Sell the Property

Bridget King Jason Miller

King + Miller Real Estate Brokerage Email: info@kingmillerrealestate.com Listed on: 10/18/2023

Last Buyer's Agent

Jonathon Stinson

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,800

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 3-Story Property

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Shower Only

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking
  • Off-Street Parking
  • Reserved Parking

Outdoor Features

  • Nearby Water Access

Location

  • Property is near public transit
  • City Lot

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 16 / B
  • Assessor Parcel Number PTLD-000044-B000016-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $16,041
  • Gross Income $45,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,800

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: State Street to 33 State Street, on the left side of the road between Danforth Street & York Street.
  • Above Grade Finished Sq Ft: 1973.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • Attribution Contact: info@kingmillerrealestate.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 329.45
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.04
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1973.0
  • Property Information:SqFt Finished Below Grade: 200.0
  • 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:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 45593.52
  • Income Expenses Operating Expenses: 16041.11
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Heat System:Steam: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Exterior:Brick: Yes
  • Heat System:Radiator: Yes
  • Basement Entry:Exterior Only: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 3
  • Construction:Masonry: Yes
  • Amenities:Laundry - Coin: Yes
  • Parking Reserved2: Yes
  • Advertising Remarks:Advertising Remarks: Perched in a prime location a stone's throw away from the Old Port & West End, this State Street Triplex is the epitome of city living surrounded by Portland's historic charm. Inside, wood floors & mood boosting natural light await. The main floor offers Unit #1 - a cozy one bedroom apartment currently occupied by long-term tenants. The second floor is home to Unit # 2 - also a one bedroom dwelling - vacant and ready to be owner or renter occupied. The third floor's Unit #3 boasts two bedrooms and is leased through January 2024. The basement's convenient coin-op laundry room is a relief for residents, who need not lug their clothes off site. Another amenity is parking - one off-street spot for each unit awaits in the lot behind the building! State Street connects the iconic Old Port district with the fashionable West End, where the past harmonizes with the present. When it's time for errands, dining or shopping, everything a heart could desire is mere steps or a quick drive away. This income opportunity is bound to bring abundance to the new owner - will it be you?
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Below Grade Sq Ft: 200.0
  • Flooring: Wood, Vinyl
  • Interior Amenities: Shower
  • Stories: 3
  • Full Basement: Yes

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Common, On Site, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Radiator, Baseboard
  • 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: 1742.4
  • Parcel #: PTLD-000044-B000016-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 45593.52
  • Annual Operating Expense: 16041.11

Tax Info

  • Tax Annual Amount: 7800.0
  • Tax Block: B
  • Tax Lot: 16
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Jan 5, 2024
Sold by
Gay Eric H and Gay Heather
Bought by
Dinkov Atanas D
Seller's Agent
Bridget King Jason Miller
King + Miller Real Estate
Buyer's Agent
Jonathon Stinson
Coldwell Banker Realty
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%
Current Estimated Value
$725,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,617
Avg. Annual Appreciation
7.44%
Original Mortgage
$566,370
Outstanding Balance
$556,086
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$169,531

Purchase Details

Closed on
Oct 19, 2018
Sold by
Cbpc Holdings Llc
Bought by
Gay Eric H and Gay Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2010
Sold by
Casco Bay Private Capital
Bought by
Cbpc Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
4.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dinkov Atanas D $630,000 None Available
Gay Eric H -- --
Cbpc Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dinkov Atanas D $566,370
Previous Owner Gay Eric H $201,000
Previous Owner Cbpc Holdings Llc $137,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2024 01/05/24 Sold $630,000 -3.1% $290 / Sq Ft
11/09/2023 11/09/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $650,000 -- $299 / 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 $8,602 $573,100 $197,900 $375,200
2023 $8,258 $573,100 $197,900 $375,200
2022 $7,800 $573,100 $197,900 $375,200
2021 $7,445 $573,100 $197,900 $375,200
2020 $5,900 $253,100 $133,100 $120,000
2019 $5,900 $253,100 $133,100 $120,000
2018 $5,480 $253,100 $133,100 $120,000
2017 $5,480 $253,100 $133,100 $120,000
2016 $5,343 $253,100 $133,100 $120,000
2015 $5,221 $253,100 $133,100 $120,000
2014 $5,062 $253,100 $133,100 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1575177

Maine Listings

APN: PTLD-000044-000000-B016001