NOT LISTED FOR SALE

Hobson's Landing 383 Commercial St Unit 501 Portland, ME 04101

Downtown Portland Neighborhood

Estimated Value: $936,000 - $1,079,005

2 Beds
2 Baths
1,295 Sq Ft
$507/mo HOA Fee

Last Sold July 03, 2023

Last sale price $1,112,500 $859 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $6,986/month

97 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Property is near public transit
  • Nearby Water Access
  • Contemporary Architecture
  • 4-minute walk to Pleasant Street Park

About This Home

As of July 2023

Stunning, sun-drenched corner unit with sparkling water views! Pristine, two-bedroom, two bath condominium at Hobson's Landing boasts customization throughout. Ensuite primary bedroom with spacious walk-in closet featuring extensive built-ins. Gorgeous, high-end kitchen with beautiful finishes and pantry. Ensuite guest bedroom, gracious entry hall, laundry room and private deck overlooking the Harbor. Deeded garage parking and storage space. Building amenities include shared common spaces for indoor and outdoor entertaining, mailroom, dog wash, exercise room, concierge. Fabulous lifestyle in the midst of Portland's historic waterfront neighborhood!

Last Agent to Sell the Property

Lynn Hallett

Town & Shore Real Estate Listed on: 03/09/2023

Last Buyer's Agent

Sandra Johnson

Town & Shore Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,187

Year Built

  • Built in 2021

Lot Details

  • Ocean Front
  • Landscaped
  • Open Lot
  • Sprinkler System

HOA Fees

  • $507 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Common or Shared Parking
  • Shared Driveway

Property Views

  • Scenic Vista

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Foundation
  • Steel Frame
  • Membrane Roofing
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 1,295 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Double Pane Windows
  • Living Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Marble Countertops
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bedroom Suite
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Nearby Water Access
  • Deck

Location

  • Property is near public transit
  • City Lot

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 383CommercialStreetPortland04101

Community Details

Overview

  • 89 Units
  • Hobson's Landing Subdivision
  • The community has rules related to deed restrictions

Pet Policy

  • Limit on the number of pets

Additional Features

  • Elevator
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,187

Year Built

Built in 2021

Lot Details

0

HOA Fees

$507 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Subdivision Name: Hobson's Landing
  • Directions: Portland's waterfront. On Commercial Street, between Maple and High.
  • Above Grade Finished Sq Ft: 1295.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Efficiency: Double Pane Windows
  • Year Built: 2021
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1295.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:Gas: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Location Information:Association Fee: 507.45
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 1.0
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 89
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Amenities:One-Floor Living: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Amenities:Walk-in Closets: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Primary Bedroom Amenities:Suite6: Yes
  • Primary Bedroom Amenities:Walk-in Closet6: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Room Features:Suite17: Yes
  • Room Features:Walk-in Closet17: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Primary Bedroom Amenities:Double Vanities6: Yes
  • Room Features:Double Vanities17: Yes
  • Dining Room Amenities:Dining Area: Yes
  • Room Features:Dining Area2: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Yes
  • Appliances Included:Gas Range: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Kitchen Countertop:Quartz: Yes
  • Exterior:Brick: Yes
  • Laundry Room:Laundry Room: Yes
  • Construction:Steel Frame: Yes
  • Roof:Membrane: Yes
  • Dining Room Amenities:Informal: Yes
  • Vehicle Storage:Under: Yes
  • Transportation:Public Transport Access: Yes
  • Amenities:Elevator Passenger: Yes
  • Misc Amenities Sprinkler: Yes
  • Roof:Flat: Yes
  • Living Room Amenities:Informal2: Yes
  • Living Room Amenities:Gas Fireplace5: Yes
  • Room Features:Gas Fireplace29: Yes
  • Kitchen Countertop:Marble: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Gas Range, Dryer, Disposal, Dishwasher
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Walk-in Closets, Elevator Passenger, One-Floor Living, Pantry, Primary Bedroom w/Bath
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Intown, Near Shopping, Near Public Transit
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Clapboard, Brick, Steel Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Flat, Membrane
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Common, On Site, Underground

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Security: Sprinkler
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 507.45
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: 2 Pets

Schools

  • Junior High Dist: Portland Public Schools

Lot Info

  • Land Lease: No
  • Parcel #: 383CommercialStreetPortland04101
  • Zoning: Mixed Use

Multi Family

  • Number Of Units In Community: 89

Tax Info

  • Tax Annual Amount: 9186.75
  • Tax Book Number: 38069
  • Tax Lot: 1
  • Tax Map Number: 42
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2018
Closed on
Apr 12, 2021
Sold by
Deering Prop Dev Llc
Bought by
Harvey Whitney N
Seller's Agent
Sandra Johnson
Town & Shore Real Estate
Buyer's Agent
Whitney Harvey
Keller Williams Realty
List Price
$695,000
Sold Price
$709,362
Premium/Discount to List
$14,362
2.07%
Current Estimated Value
$1,034,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,889
Avg. Annual Appreciation
9.97%
Original Mortgage
$532,022
Outstanding Balance
$481,910
Interest Rate
2.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$591,720
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
Harvey Whitney N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harvey Whitney N $532,022
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2023 07/03/23 Sold $1,112,500 -11.0% $859 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $1,250,000 +76.2% $965 / Sq Ft
04/08/2021 04/08/21 Sold $709,362 +2.1% $548 / Sq Ft
10/19/2018 10/19/18 For Sale $695,000 -- $537 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
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 $10,132 $675,000 $135,000 $540,000
2023 $9,727 $675,000 $135,000 $540,000
2022 $9,187 $675,000 $135,000 $540,000
2021 $8,768 $675,000 $135,000 $540,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lynn Hallett

    Town & Shore Real Estate

    (207) 773-0262

    16 in this area

    93 Total Sales

    Section Image
  • Sandra Johnson

    Buyer's Agent in 2023

    Sandra Johnson

    Town & Shore Real Estate

    (207) 415-2128

    165 in this area

    217 Total Sales

    Section Image
  • Gail Landry

    Buyer Co-Listing Agent in 2023

    Gail Landry

    Town & Shore Real Estate

    (207) 650-8893

    157 in this area

    187 Total Sales

    Section Image

  • W

    Buyer's Agent in 2021

    Whitney Harvey

    Keller Williams Realty

See All Agents

About Hobson's Landing

Map

Source: Maine Listings

MLS Number: 1553655

Maine Listings

APN: PTLD M:042 B:A002501

Maine Cumberland County Portland 04101 Downtown Portland

383 Commercial St Unit 501, Portland, ME

This home is located at 383 Commercial St Unit 501, Portland, ME 04101 since 09 March 2023 and is currently estimated at $1,034,251, approximately $798 per square foot. This property was built in 2021. 383 Commercial St Unit 501 is a home located in Cumberland County with nearby schools including Reiche Community School, King Middle School, and Baxter Academy for Tech & Sciences.

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