NOT LISTED FOR SALE

4 Palmer St South Portland, ME 04106

Pleasantdale Neighborhood

Estimated Value: $765,000 - $825,000

7 Beds
3 Baths
2,674 Sq Ft
$298/Sq Ft Est. Value

Last Sold September 18, 2023

Last sale price $685,000 $256 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,909/month

4 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Wood Flooring
  • Corner Lot
  • Deck
  • New Englander Architecture
  • No HOA

About This Home

As of September 2023

3 Unit building with partial water views of Portland Harbor. The property is nestled in a quiet neighborhood off Broadway and the walking path. The big ticket items have been taken care of over the past few years; roof, siding, windows, boiler, etc. The interior will need remodeling to bring in market rate rentals. Current rents are below market.

Last Agent to Sell the Property

Jonathan Safford

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Phone: 207-590-6026 Listed on: 08/08/2023

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Daniel Weber

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,523

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • River Front
  • Corner Lot

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2,674 Sq Ft Home
  • Water Views

Flooring

  • Wood
  • Carpet
  • Laminate

Basement

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

Parking

  • Gravel Driveway
  • On-Street Parking

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Kerosene
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: Washers & Dryers
  • Tax Lot 31
  • Assessor Parcel Number SPOR-000017-000000-000031

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $7,375
  • Gross Income $33,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,523

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Water Body Name: Portland Harbor
  • MLS Status: Closed
  • Directions: GPS to 4 Palmer St, South Portland
  • Above Grade Finished Sq Ft: 2674.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Attribution Contact: 207-590-6026
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2674.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 33900.0
  • Income Expenses Operating Expenses: 7375.0
  • Heat Fuel:K-1Kerosene: Yes
  • Driveway:Gravel: Yes
  • Heat System:Space Heater: Yes
  • Style:New Englander: Yes
  • Parking:On Street: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 3
  • Flooring: Wood, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Near Shopping
  • Waterfront Features: Bay, River
  • Waterfront: No
  • Exclusions: Washers & Dryers
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, On Street

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: SPOR-000017-000000-000031
  • Zoning: Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33900.0
  • Annual Operating Expense: 7375.0

Tax Info

  • Tax Annual Amount: 6523.0
  • Tax Book Number: 36772
  • Tax Lot: 31
  • Tax Map Number: 17
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Sep 18, 2023
Sold by
Kbk Properties Llc
Bought by
Welch Liam and Hardy Leah D
Seller's Agent
Jonathan Safford
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Daniel Weber
Portside Real Estate Group
List Price
$680,000
Sold Price
$685,000
Premium/Discount to List
$5,000
0.74%
Current Estimated Value
$797,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,808
Avg. Annual Appreciation
3.37%
Original Mortgage
$672,592
Outstanding Balance
$661,337
Interest Rate
6.9%
Mortgage Type
FHA
Estimated Equity
$70,414

Purchase Details

Closed on
Jun 4, 2020
Sold by
Kezal Amanda C and Kezal Kevin
Bought by
Kbk Properties Llc

Purchase Details

Closed on
Feb 25, 2020
Sold by
Kbk Properties Llc
Bought by
Kezal Amanda C and Kezal Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2018
Sold by
Kezal Kevin B and Kezal Amanda D
Bought by
Kbk Properties Llc
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
Welch Liam $685,000 None Available
Welch Liam $685,000 None Available
Kbk Properties Llc -- None Available
Kbk Properties Llc -- None Available
Kezal Amanda C -- None Available
Kezal Amanda C -- None Available
Kbk Properties Llc -- --
Kbk Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welch Liam $672,592
Closed Welch Liam $672,592
Previous Owner Kezal Amanda C $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $685,000 +0.7% $256 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $680,000 -- $254 / 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 $7,913 $599,500 $169,400 $430,100
2023 $6,780 $479,500 $112,000 $367,500
2022 $6,523 $419,200 $89,600 $329,600
2021 $6,162 $419,200 $89,600 $329,600
2020 $5,674 $287,300 $77,600 $209,700
2019 $3,492 $287,300 $77,600 $209,700
2018 $1,728 $269,500 $77,600 $191,900
2017 $3,193 $269,500 $77,600 $191,900
2016 $4,770 $269,500 $77,600 $191,900
2015 $4,689 $269,500 $77,600 $191,900
2014 $4,608 $269,500 $77,600 $191,900
2013 $4,501 $269,500 $77,600 $191,900
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Safford

    Seller's Agent in 2023

    Jonathan Safford

    Better Homes & Gardens Real Estate/The Masiello Group

    (207) 590-6026

    1 in this area

    141 Total Sales

    Jonathan Safford
    Section Image

  • D

    Buyer's Agent in 2023

    Daniel Weber

    Portside Real Estate Group

See All Agents

Map

Source: Maine Listings

MLS Number: 1566488

Maine Listings

APN: SPOR-000017-000000-000031

Maine Cumberland County South Portland 04106 Pleasantdale

4 Palmer St, South Portland, ME

This home is located at 4 Palmer St, South Portland, ME 04106 since 08 August 2023 and is currently estimated at $797,808, approximately $298 per square foot. This property was built in 1900. 4 Palmer St is a home located in Cumberland County with nearby schools including James Otis Kaler Elementary School, Daniel F. Mahoney Middle School, and South Portland High School.

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.

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