NOT LISTED FOR SALE

38 Ocean Ave Unit 2 Portland, ME 04103

Back Cove Neighborhood

Estimated Value: $412,664 - $496,000

3 Beds
1 Bath
1,117 Sq Ft
$160/mo HOA Fee

Last Sold June 30, 2020

Last sale price $270,000 $242 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,850/month

20 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Bathtub
  • New Englander Architecture
  • Porch
  • 1-minute walk to Heseltine Park

About This Home

As of June 2020

You CAN afford to live in Portland! Nicely updated second floor 3 bedroom condo walking distance to Back Cove! Includes a garage, off street parking, basement storage, in-unit laundry room and private front porch. Freshly painted interior has high ceilings and large bay windows for abundant light, great floor plan with hardwood flooring throughout living space and bedrooms. Eat-in kitchen plus separate dining room with original built-ins. Everything you could want in a fantastic, walkable location!

Last Agent to Sell the Property

Rachel Cooney

Portland's Choice Realty, LLC Listed on: 05/08/2020

Last Buyer's Agent

Frank Barry

RE/MAX Oceanside

RE/MAX Oceanside

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,149

Year Built

  • Built in 1912

Lot Details

  • 4,792

HOA Fees

  • $160 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Shared Driveway

Home Design

  • New Englander Architecture
  • Flat Roof Shape
  • Stone Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 1,117 Sq Ft Home
  • Multi-Level Property
  • Living Room
  • Dining Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry Room
  • Laundry on upper level

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Water Heater

Additional Features

  • Porch
  • Open Lot
  • City Lot

Listing and Financial Details

  • Legal Lot and Block 5 / B
  • Assessor Parcel Number PTLD-000129-000000-B005002

Community Details

Overview

  • 3 Units
  • Ocean Place Condominium Association Subdivision

Amenities

  • Community Storage Space

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,149

Year Built

Built in 1912

Lot Details

0

HOA Fees

$160 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Ocean Place Condominium Association
  • Directions: Washington Ave to Ocean Ave, across from Codman
  • Above Grade Finished Sq Ft: 1117.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Year Built: 1912
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1117.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 160.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 3
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Foundation Materials:Stone: Yes
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Heat System:Steam: Yes
  • Amenities:Bathtub: Yes
  • Kitchen Countertop:Formica: Yes
  • Water Heater:Tank: Yes
  • Laundry Room:Laundry Room: Yes
  • Roof:Membrane: Yes
  • Style:New Englander: Yes
  • Roof:Flat: Yes
  • Restrictions:Pet Weight Limit: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range, Dishwasher
  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Bathtub, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: Second
  • Kitchen Kitchen Level: Second
  • Living Room Living Room Level: Second
  • Bedroom 1:Bedroom 1 Level: Second
  • Laundry Room Laundry Room Level: Second

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Roof: Flat, Membrane
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Common, On Site, Detached

Utilities

  • Laundry Features: Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 160.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: 2 Pets, Size Limit

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: PTLD-000129-000000-B005002
  • Zoning: R5/B2

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 4149.0
  • Tax Block: B
  • Tax Book Number: 21821
  • Tax Lot: 5
  • Tax Map Number: 129
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2020
Closed on
Jun 20, 2020
Sold by
Poor Robert J and Poor Darcy M
Bought by
Reardon Lucia
Seller's Agent
Rachel Cooney
Portland's Choice Realty, LLC
Buyer's Agent
Frank Barry
RE/MAX Oceanside
List Price
$279,900
Sold Price
$270,000
Premium/Discount to List
-$9,900
-3.54%
Current Estimated Value
$445,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,666
Avg. Annual Appreciation
9.98%
Original Mortgage
$216,000
Outstanding Balance
$191,467
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$254,199
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
Reardon Lucia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reardon Lucia $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $270,000 -3.5% $242 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $279,900 -- $251 / 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 $3,817 $254,300 $50,860 $203,440
2023 $3,664 $254,300 $50,860 $203,440
2022 $3,461 $254,300 $50,860 $203,440
2021 $3,303 $254,300 $50,860 $203,440
2020 $4,149 $178,000 $35,600 $142,400
2019 $4,149 $178,000 $35,600 $142,400
2018 $3,854 $178,000 $35,600 $142,400
2017 $3,854 $178,000 $35,600 $142,400
2016 $3,758 $178,000 $35,600 $142,400
2015 $3,672 $178,000 $35,600 $142,400
2014 $3,560 $178,000 $35,600 $142,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rachel Cooney

    Portland's Choice Realty, LLC

    70 Total Sales

    Rachel Cooney
    Section Image
  • Frank Barry

    Buyer's Agent in 2020

    Frank Barry

    RE/MAX

    (207) 749-5214

    53 Total Sales

    Frank Barry
    Section Image
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Map

Source: Maine Listings

MLS Number: 1451580

Maine Listings

APN: PTLD-000129-000000-B005002

Maine Cumberland County Portland 04103 Back Cove

38 Ocean Ave Unit 2, Portland, ME

This home is located at 38 Ocean Ave Unit 2, Portland, ME 04103 since 08 May 2020 and is currently estimated at $445,666, approximately $398 per square foot. This property was built in 1912. 38 Ocean Ave Unit 2 is a home located in Cumberland County with nearby schools including Ocean Avenue Elementary School, Lyman Moore 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.

Maine Listings 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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