NOT LISTED FOR SALE

439 Cumberland Ave Portland, ME 04101

Parkside Neighborhood

Estimated Value: $766,094 - $1,014,000

3 Beds
3 Baths
2,694 Sq Ft
$341/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $480,000 $178 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $5,583/month

37 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Radiator
  • Wood Flooring
  • Heating System Uses Steam
  • 4-minute walk to Congress Square Park

About This Home

As of September 2018

Great Portland Investment Property!! This intown 3 unit is close to everything. The building features: 4 off street parking spaces, small yard, hardwood floors through out, ornamental fireplace and it's brick! Current rents are below market rate. Projected rents: Unit 1: $1200-$1400 Unit 2: $1200-$1400 Unit 3: $1000-$1200 Showings are between 12:30-5. 24 hour noticed required.

Last Agent to Sell the Property

Tyson Wilkins

Portside Real Estate Group Listed on: 06/28/2018

Last Buyer's Agent

Jason Bisson

The Atlantic Real Estate Network

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,865

Year Built

  • Built in 1870

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Slate Roof
  • Masonry

Interior Spaces

  • 3 Full Bathrooms
  • Multi-Level Property
  • Unfinished Basement
  • Walk-Out Basement

Flooring

  • Wood
  • Vinyl

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Location

  • The property is located in a historic district
  • City Lot

Utilities

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

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot F-25
  • Assessor Parcel Number 439CumberlandAvenuePortland04101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,865

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: High St. to Cumberland Ave. to 439 on the right. State St. to Cumberland Ave. to 439 on the left.
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 3.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Style:Multi-Level: Yes
  • Heat System:Steam: Yes
  • Location:Historic District: Yes
  • Gas:Natural - At Street: Yes
  • Exterior:Brick: Yes
  • Heat System:Radiator: Yes
  • Roof:Slate: Yes
  • Construction:Masonry: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Vinyl

Exterior Features

  • Lot Features: Sidewalks, Historic District, Intown
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Roof: Shingle, Slate

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Common, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Radiator
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: 439CumberlandAvenuePortland04101
  • Zoning: R6

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6865.0
  • Tax Book Number: 4536
  • Tax Lot: F-25
  • Tax Map Number: 36
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2018
Closed on
Sep 26, 2018
Sold by
Clifton P Hamm Ret
Bought by
Usher Norman P and Usher Janette
Seller's Agent
Tyson Wilkins
Portside Real Estate Group
Buyer's Agent
Jason Bisson
The Atlantic Real Estate Network
List Price
$525,000
Sold Price
$480,000
Premium/Discount to List
-$45,000
-8.57%
Current Estimated Value
$919,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,774
Avg. Annual Appreciation
10.79%
Original Mortgage
$364,500
Outstanding Balance
$323,017
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$658,316
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
Usher Norman P -- --
Gariepy Cortland A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gariepy Cortland A $364,500
Closed Usher Norman P $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $480,000 -8.6% $178 / Sq Ft
08/04/2018 08/04/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $525,000 -- $195 / 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 $8,188 $545,500 $296,000 $249,500
2023 $7,861 $545,500 $296,000 $249,500
2022 $7,424 $545,500 $296,000 $249,500
2021 $7,086 $545,500 $296,000 $249,500
2020 $7,392 $317,100 $148,900 $168,200
2019 $7,392 $317,100 $148,900 $168,200
2018 $6,865 $317,100 $148,900 $168,200
2017 $6,865 $317,100 $148,900 $168,200
2016 $6,694 $317,100 $148,900 $168,200
2015 $6,542 $317,100 $148,900 $168,200
2014 $6,342 $317,100 $148,900 $168,200
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tyson Wilkins

    Portside Real Estate Group

  • J

    Buyer's Agent in 2018

    Jason Bisson

    The Atlantic Real Estate Network

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Map

Source: Maine Listings

MLS Number: 1357976

Maine Listings

APN: PTLD-000036-000000-F025001

Maine Cumberland County Portland 04101 Parkside

439 Cumberland Ave, Portland, ME

This home is located at 439 Cumberland Ave, Portland, ME 04101 since 28 June 2018 and is currently estimated at $919,774, approximately $341 per square foot. This property was built in 1870. 439 Cumberland Ave 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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