NOT LISTED FOR SALE

38 Veranda St Portland, ME 04103

East Deering Neighborhood
-- Bed
5 Baths
13,180 Sq Ft
4,792 Sq Ft Lot

Last Sold May 31, 2022

Last sale price $855,000 $65 Per Sq Ft

37 Days on Market

Highlights

  • Property is near public transit
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Corner Lot
  • 2 Car Direct Access Garage

About This Home

As of May 2022

MOTIVATED SELLERS! Very nice 5 unit in a desirable and convenient location with the possibility of an additional efficiency unit available. Well maintained, with strong rental history and cashflow. Property has been in the family for more than 50 years! Top floor is owner's unit which is completely updated. Efficiency unit over the garage area as well. Ample off-street parking. Short walk to dinner at Veranda Thai, Other Side Diner or the Other Side Market! Back Bay, Mackworth and Munjoy Hill are also a short bike ride away! Great opportunity for an investor or owner occupant. 4 units rented currently. Long term tenants. Bring your vision and get into the Portland rental market! Income and Expenses are estimates.

Last Agent to Sell the Property

Shannon Boyington

Coldwell Banker Realty Listed on: 03/18/2022

Coldwell Banker Realty

Last Buyer's Agent

Mackenzie Simpson

Porta & Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,482

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Direct Access Garage
  • Common or Shared Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Gravel Driveway
  • Shared Driveway
  • On-Street Parking

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5 Full Bathrooms
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Unfinished Basement

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

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / B
  • Assessor Parcel Number PTLD-000429-B000001-000001

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $27,500
  • Gross Income $60,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,482

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Washington Avenue to Veranda Street #38. GPS friendly.
  • Above Grade Finished Sq Ft: 6590.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 6590.0
  • Property Information:SqFt Finished Below Grade: 6590.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 5
  • Income Expenses Gross Income: 60600.0
  • Income Expenses Operating Expenses: 27500.0
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Driveway:Gravel: Yes
  • Parking Other Parking: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Parking:On Street: Yes
  • Transportation:Public Transport Access: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Full, Interior Entry, Exterior Only, Unfinished
  • Full Bathrooms: 5
  • Below Grade Sq Ft: 6590.0
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Office Park, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Gravel, Common, Other, Garage Door Opener, Inside Entrance, On Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: PTLD-000429-B000001-000001
  • Zoning: R5

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 60600.0
  • Annual Operating Expense: 27500.0

Tax Info

  • Tax Annual Amount: 8482.0
  • Tax Block: B
  • Tax Book Number: 20272
  • Tax Lot: 1
  • Tax Map Number: 429
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $855,000 -27.2% $65 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $1,175,000 -- $89 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Shannon Boyington

    Coldwell Banker Realty

    (207) 615-2642

    1 in this area

    18 Total Sales

    Section Image
  • Mackenzie Simpson

    Buyer's Agent in 2022

    Mackenzie Simpson

    Porta & Company

    (207) 608-0674

    1 in this area

    9 Total Sales

    Section Image
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Map

Source: Maine Listings

MLS Number: 1522059

Maine Listings

Maine Cumberland County Portland 04103 East Deering

38 Veranda St, Portland, ME

This home is located at 38 Veranda St, Portland, ME 04103 since 18 March 2022. This property was built in 1900. 38 Veranda St is a home located in Cumberland County with nearby schools including Lyman Moore Middle School, Baxter Academy for Tech & Sciences, and Friends School Of Portland.

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