Seller's Agent in 2023
Tom Landry
Benchmark Real Estate
(207) 775-0248
42 in this area
330 Total Sales
42 Lafayette St Portland, ME 04101
East End NeighborhoodEstimated Value: $1,160,000 - $1,644,000
5
Beds
3
Baths
3,231
Sq Ft
$436/Sq Ft
Est. Value
Highlights
- Ocean Front
- Public Beach
- Scenic Views
- Nearby Water Access
- Country Club
- 2-minute walk to Fort Sumner Park
About This Home
As of October 2023From a commanding location at the very precipice of Portland's prestigious Munjoy Hill this grand home that dates back to 1865 has been restored and reimagined and delivers the ideal owner occupant experience. Over the last several years the current owners have quite literally saved this home from the wrecking ball and transformed it from decay to deluxe. Like many of the homes on the East End this property needed major updates and upgrades and rest assured they were done and done to a high level. This was a full gut-rehab from foundation to roof nearly everything is new and designed to be low maintenance and super efficient. From full re-insulation, re-wiring, new plumbing, kitchens, baths, super efficient mini-splits for heat and ac, landscaping, new driveway and so much more. The full interior renovation also means where you live will be lead free/safe. Not intending to sell, the owner has a master plan that contemplates an additional 3rd floor unit with a water view sky-deck (remember this is the highest part of Munjoy Hill so the view will be breathtaking) and has already received approvals for condo conversion. Currently setup is as a 2 unit with 1 - 2 bedroom, 1 bath unit and 1 - 3 bedroom, 2 bath unit. Each with in-unit laundry. Buy and enjoy this terrific 2 family, buy and convert back to a single family or buy and turn around and sell as condos. The possibilities are many for this historic yet modern marvel on Munjoy Hill.
Last Buyer's Agent
Jaye Gorham
Shamrock Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,956
Year Built
- Built in 1865
Lot Details
- 6,098 Sq Ft Lot
- Ocean Front
- Public Beach
- Landscaped
- Level Lot
- Open Lot
Parking
- 1 Car Detached Garage
- Automatic Garage Door Opener
- Garage Door Opener
- Driveway
- Off-Street Parking
Home Design
- Mansard Roof Shape
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 3,231 Sq Ft Home
- 3-Story Property
- Scenic Vista Views
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- Main Floor Bedroom
- En-Suite Primary Bedroom
- Walk-In Closet
- 3 Full Bathrooms
- Bathtub
- Shower Only
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Nearby Water Access
- Deep Water Access
- Outbuilding
Location
- Property is near public transit
- Property is near a golf course
- City Lot
Utilities
- Cooling Available
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Legal Lot and Block 13 / A
- Assessor Parcel Number 42LafayetteStreetPortland04101
Community Details
Overview
- No Home Owners Association
- 2 Units
- Munjoy Hill ~ East End Subdivision
Amenities
- Community Storage Space
Recreation
- Country Club
Building Details
- Operating Expense $14,300
- Gross Income $89,340
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 20, 2018
Sold by
Leamon Ann K and Berges John F
Bought by
Pensco T Co Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$322,041
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$1,083,626
Purchase Details
Listed on
Jun 20, 2013
Closed on
Jul 26, 2013
Sold by
Leamon Ann K and Berges John F
Bought by
Gary Bahklow Ira and Pensco T Co
Seller's Agent
David Marsden
RE/MAX By The Bay
Buyer's Agent
David Marsden
Coldwell Banker Realty
List Price
$325,000
Sold Price
$325,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.06%
Purchase Details
Listed on
Nov 14, 2011
Closed on
Jan 31, 2012
Sold by
Brett Robert G and Brett Cheryl H
Bought by
Leamon Ann K and Berges John F
Seller's Agent
Roz Siegel
RE/MAX By The Bay
Buyer's Agent
Harper Collins
Coldwell Banker Realty
List Price
$319,900
Sold Price
$295,000
Premium/Discount to List
-$24,900
-7.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%
Original Mortgage
$236,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pensco T Co Llc | -- | -- | |
| Pensco T Co Llc | -- | -- | |
| Gary Bahklow Ira | -- | -- | |
| Gary Bahklow Ira | -- | -- | |
| Leamon Ann K | -- | -- | |
| Leamon Ann K | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pensco T Co Llc | $360,000 | |
| Closed | Pensco T Co Llc | $360,000 | |
| Previous Owner | Leamon Ann K | $236,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2023 10/06/23 | Sold | $1,600,000 | 0.0% | $495 / Sq Ft |
| 08/05/2023 08/05/23 | Pending | -- | -- | -- |
| 07/25/2023 07/25/23 | For Sale | $1,600,000 | +392.3% | $495 / Sq Ft |
| 07/19/2013 07/19/13 | Sold | $325,000 | 0.0% | $110 / Sq Ft |
| 06/25/2013 06/25/13 | Pending | -- | -- | -- |
| 06/20/2013 06/20/13 | For Sale | $325,000 | +10.2% | $110 / Sq Ft |
| 01/20/2012 01/20/12 | Sold | $295,000 | -7.8% | $100 / Sq Ft |
| 11/23/2011 11/23/11 | Pending | -- | -- | -- |
| 11/14/2011 11/14/11 | For Sale | $319,900 | -- | $108 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $14,470 | $964,000 | $277,000 | $687,000 |
| 2023 | $6,946 | $482,000 | $96,400 | $385,600 |
| 2022 | $12,527 | $920,400 | $277,000 | $643,400 |
| 2021 | $11,956 | $920,400 | $277,000 | $643,400 |
| 2020 | $9,005 | $386,300 | $94,500 | $291,800 |
| 2019 | $8,918 | $382,600 | $94,500 | $288,100 |
| 2018 | $6,465 | $298,600 | $94,500 | $204,100 |
| 2017 | $6,465 | $298,600 | $94,500 | $204,100 |
| 2016 | $6,303 | $298,600 | $94,500 | $204,100 |
| 2015 | $6,160 | $298,600 | $94,500 | $204,100 |
| 2014 | $5,972 | $298,600 | $94,500 | $204,100 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Landry
-
J
Buyer's Agent in 2023
Jaye Gorham
Shamrock Realty
-
D
Seller's Agent in 2013
David Marsden
RE/MAX
-
R
Seller's Agent in 2012
Roz Siegel
RE/MAX
16 Total Sales
-
H
Buyer's Agent in 2012
Harper Collins
Coldwell Banker Realty
-
Harper Lee Collins
Buyer's Agent in 2012
Harper Lee Collins
RE/MAX
(207) 653-7224
4 in this area
121 Total Sales
Map
Source: Maine Listings
MLS Number: 1566545
APN: PTLD-000014-000000-A013001
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.
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.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
Nearby Homes
- 80 Melbourne St
- 21 Merrill St
- 43 Quebec St
- 30 Melbourne St Unit 1
- 156 Sheridan St Unit 2
- 105 North St Unit 3
- 12 Romasco Ln
- 130 Morning St Unit 3A
- 76 Atlantic St
- 246 Eastern Promenade Unit 401
- 246 Eastern Promenade Unit 302
- 246 Eastern Promenade Unit 201
- 246 Eastern Promenade Unit 102
- 246 Eastern Promenade Unit 303
- 246 Eastern Promenade Unit 301
- 125 Morning St Unit 6
- 125 Morning St Unit 3/6
- 340 Eastern Prairie Unit 155
- 340 Eastern Promenade Unit 226
- 13 Monroe St
- 42 Lafayette St
- 46 Lafayette St
- 34 Lafayette St Unit 4
- 34 Lafayette St Unit 1
- 34 Lafayette St
- 48 Lafayette St
- 30 Lafayette St
- 43 Lafayette St
- 39 North St
- 50 Lafayette St
- 35 North St
- 29 North St
- 39 Lafayette St
- 45 North St
- 31 North St
- 33 North St
- 33 Lafayette St Unit 3
- 33 Lafayette St Unit 2
- 33 Lafayette St Unit 6
- 33 Lafayette St Unit 5