S
Seller's Agent in 2024
Susan Lessard
Portside Real Estate Group
(207) 899-9567
16 in this area
84 Total Sales
362 Island Ave Portland, ME 04108
Peaks Island NeighborhoodEstimated Value: $865,000 - $1,197,000
2
Beds
2
Baths
1,197
Sq Ft
$862/Sq Ft
Est. Value
Highlights
- Ocean Front
- Public Beach
- Cathedral Ceiling
- Nearby Water Access
- Deck
- Secondary Bathroom Soaking Tub
About This Home
As of May 2024Supremely cared for 2 BR, 2 BA cottage on Peaks Island overlooks Diamond Pass, Casco Bay, and the beautiful Portland skyline. Six light-filled rooms radiate classic charm with painted beadboard walls and ceilings, beautiful hardwood flooring, French doors, balconies, porches, high and/or vaulted ceilings, and built-ins. The lovely, 2012, Indisco-designed Kitchen utilizes every inch of floor-to-ceiling space with deep drawers, rollouts & cubbies. The spacious, fireplaced living room opens on one side to a formal dining room - and to a cozy, step-down den on another. The primary suite combines comfort + style + views to create an island oasis. Numerous updates include three heat pumps, Anderson windows and doors, insulation, plumbing & electrical, rebuilt chimney, roofing, brick patio, cedar fencing, lattice work, shed, stonework and more. The charm extends beyond the walls to a level lot that benefits from all day sun exposure. Putter in the raised beds, entertain on the lawn, relax on the porches, or brick patio. West facing views will treat you to dazzling sunsets. Nestled among neighbors, this property is just a short stroll to TEIA where many enriching events are hosted. Peaks Island is a 15-minute ferry ride to Portland's bustling Old Port. This home is easy to show and move-in ready!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,195
Year Built
- Built in 1895
Lot Details
- 5,663 Sq Ft Lot
- Ocean Front
- Property Fronts a Bay or Harbor
- Public Beach
- Fenced
- Landscaped
- Level Lot
- Open Lot
- Property is zoned IR2
Property Views
- Water
- Scenic Vista
Home Design
- Cottage
- Pillar, Post or Pier Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Clap Board Siding
- Clapboard
Interior Spaces
- 1,197 Sq Ft Home
- Built-In Features
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Wood Burning Fireplace
- Living Room with Fireplace
- Formal Dining Room
- Den
- Screened Porch
Kitchen
- Electric Range
- Dishwasher
- Granite Countertops
- Butcher Block Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- 2 Full Bathrooms
- Secondary Bathroom Soaking Tub
- Shower Only
Laundry
- Laundry on main level
- Dryer
- Washer
Unfinished Basement
- Exterior Basement Entry
- Dirt Floor
Parking
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Balcony
- Deck
- Patio
- Shed
Utilities
- Cooling Available
- Heating System Uses Gas
- Heat Pump System
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Electric Water Heater
Community Details
- No Home Owners Association
- The community has rules related to deed restrictions
Listing and Financial Details
- Property held in a trust
- Legal Lot and Block 7 / B
- Assessor Parcel Number PTLD-000090-B000007-000001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2024
Closed on
Apr 23, 2024
Sold by
R Keith Babcock Ret and Davis
Bought by
Hausmann Paul H
Seller's Agent
Susan Lessard
Portside Real Estate Group
Buyer's Agent
Emmalie Arvidson
HomeSmart
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Views
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,229
Avg. Annual Appreciation
-4.64%
Original Mortgage
$110,000
Outstanding Balance
$109,078
Interest Rate
7.02%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$921,660
Purchase Details
Closed on
Nov 25, 2019
Sold by
Babcock R Keith
Bought by
R Keith Babcock Ret and Babcock
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hausmann Paul H | $1,100,000 | None Available | |
| Hausmann Paul H | $1,100,000 | None Available | |
| R Keith Babcock Ret | -- | None Available | |
| R Keith Babcock Ret | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hausmann Paul H | $110,000 | |
| Previous Owner | Babcock Keith | $685,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2024 05/01/24 | Sold | $1,100,000 | -4.3% | $919 / Sq Ft |
| 04/02/2024 04/02/24 | Pending | -- | -- | -- |
| 03/23/2024 03/23/24 | For Sale | $1,150,000 | -- | $961 / 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 | $6,564 | $437,300 | $183,400 | $253,900 |
| 2023 | $6,195 | $429,900 | $183,400 | $246,500 |
| 2022 | $5,851 | $429,900 | $183,400 | $246,500 |
| 2021 | $5,584 | $429,900 | $183,400 | $246,500 |
| 2020 | $6,821 | $292,600 | $207,200 | $85,400 |
| 2019 | $6,821 | $292,600 | $207,200 | $85,400 |
| 2018 | $5,928 | $292,600 | $207,200 | $85,400 |
| 2017 | $6,335 | $292,600 | $207,200 | $85,400 |
| 2016 | $6,177 | $292,600 | $207,200 | $85,400 |
| 2015 | $6,036 | $292,600 | $207,200 | $85,400 |
| 2014 | $5,852 | $292,600 | $207,200 | $85,400 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Lessard
-
Emmalie Arvidson
Buyer's Agent in 2024
Emmalie Arvidson
HomeSmart
(603) 858-2272
1 in this area
39 Total Sales
Map
Source: Maine Listings
MLS Number: 1584850
APN: PTLD-000090-000000-B007001
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