NOT LISTED FOR SALE

38 Froswick Ave Unit 1&2 South Portland, ME 04106

Thornton Heights Neighborhood

Estimated Value: $617,000 - $732,227

5 Beds
2 Baths
2,240 Sq Ft
$301/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $307,500 $137 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $4,162/month

79 Days on Market

Highlights

  • Nearby Water Access
  • Property is near public transit
  • No HOA
  • Country Club
  • Wood Flooring
  • Detached Garage

About This Home

As of June 2016

Nice Duplex. Golf course and club house just up the street. Live in one unit and rent the other or use as great investment. Ample parking. Priced fairly. Great existing tenants who have resided there for years. Greater Portland's multi-unit market has grown over the years to become a very rewarding and desirable investment. Portland is known for its great restaurants, the Merrill Auditorium, music, theater, and entertainment. Visit the waterfront. Very close to I-295 for easy off and on. Quiet neighborhood.

Last Agent to Sell the Property

Ralph Pape

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 02/08/2016

Co-Listed By

Emile Demers

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Alice McCormack

Townsend Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,941

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Landscaped
  • Interior Lot
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Shower Only

Unfinished Basement

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

Parking

  • Detached Garage
  • Common or Shared Parking
  • Shared Driveway
  • Reserved Parking

Outdoor Features

  • Nearby Water Access
  • Outbuilding
  • Porch

Location

  • Property is near public transit
  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 254
  • Assessor Parcel Number SPOR-000053-000000-000254

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Recreation

  • Country Club

Building Details

  • Operating Expense $7,200
  • Gross Income $23,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,941

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1653
  • Co List Office Phone: 207-839-6930
  • MLS Status: Closed
  • Directions: Off 295 take Rt 1 exit to South Portland. Froswick Avenue is fifth on the left. House is located half way up block on left.
  • Above Grade Finished Sq Ft: 2240.0
  • Architectural Style: Duplex
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2240.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Driveway:Common2: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 23460.0
  • Income Expenses Operating Expenses: 7200.0
  • Parking:On Site2: Yes
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Recreational Water:Nearby: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Location:Near Country Club: Yes
  • Exterior:Aluminum Siding: Yes
  • Basement Entry:Exterior Only: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Out Building: Yes
  • Parking Reserved2: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: Shower, Storage
  • Stories: 2
  • Full Basement: Yes
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Interior Lot, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Common, On Site, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: SPOR-000053-000000-000254
  • Zoning: a

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23460.0
  • Annual Operating Expense: 7200.0

Tax Info

  • Tax Annual Amount: 3941.0
  • Tax Book Number: 21446
  • Tax Lot: 254
  • Tax Map Number: 053
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2024
Sold by
Mccormack Alice M
Bought by
Mata Juan S and Herrera Ilse P
Current Estimated Value
$675,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Outstanding Balance
$511,892
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$144,563

Purchase Details

Listed on
Feb 8, 2016
Closed on
Jun 27, 2016
Sold by
Moran Gilbert J and Moran Susanne L
Bought by
Mccormack Alice M
Seller's Agent
Ralph Pape
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Alice McCormack
Townsend Real Estate
List Price
$319,900
Sold Price
$307,500
Premium/Discount to List
-$12,400
-3.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.58%
Original Mortgage
$301,929
Interest Rate
3.57%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Mata Juan S $685,000 None Available
Mata Juan S $685,000 None Available
Mccormack Alice M -- --
Mccormack Alice M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mata Juan S $513,750
Closed Mata Juan S $513,750
Previous Owner Mccormack Alice M $266,916
Previous Owner Mccormack Alice M $266,916
Previous Owner Mccormack Alice M $301,929
Previous Owner Moran Gilbert J $161,000
Previous Owner Moran Susanne L $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $307,500 -3.9% $137 / Sq Ft
04/28/2016 04/28/16 Pending -- -- --
02/08/2016 02/08/16 For Sale $319,900 -- $143 / 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 $6,129 $464,300 $147,400 $316,900
2023 $5,198 $367,600 $90,000 $277,600
2022 $5,018 $322,500 $72,000 $250,500
2021 $4,741 $322,500 $72,000 $250,500
2020 $4,473 $226,500 $71,100 $155,400
2019 $4,326 $226,500 $71,100 $155,400
2018 $4,190 $226,500 $71,100 $155,400
2017 $4,077 $226,500 $71,100 $155,400
2016 $4,009 $226,500 $71,100 $155,400
2015 $3,941 $226,500 $71,100 $155,400
2014 $3,873 $226,500 $71,100 $155,400
2013 -- $226,500 $71,100 $155,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Ralph Pape

    Better Homes & Gardens Real Estate/The Masiello Group

  • E

    Seller Co-Listing Agent in 2016

    Emile Demers

    Better Homes & Gardens Real Estate/The Masiello Group

  • A

    Buyer's Agent in 2016

    Alice McCormack

    Townsend Real Estate

See All Agents

Map

Source: Maine Listings

MLS Number: 1249100

Maine Listings

APN: SPOR-000053-000000-000254

Maine Cumberland County South Portland 04106 Thornton Heights

38 Froswick Ave Unit 1&2, South Portland, ME

This home is located at 38 Froswick Ave Unit 1&2, South Portland, ME 04106 since 08 February 2016 and is currently estimated at $675,307, approximately $301 per square foot. This property was built in 1920. 38 Froswick Ave Unit 1&2 is a home located in Cumberland County with nearby schools including Waldo T. Skillin Elementary School, South Portland High School, and Greater Portland Christian School.

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