W
Seller's Agent in 2023
William Shafter
Bean Group
443 Cumberland Ave Portland, ME 04101
Parkside NeighborhoodEstimated Value: $946,362 - $1,040,000
5
Beds
3
Baths
3,346
Sq Ft
$296/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Property is near public transit
- Main Floor Bedroom
- The property is located in a historic district
- Wood Flooring
- 4-minute walk to Congress Square Park
About This Home
As of November 2022This might be the best value on the peninsula at under $275.00 a sq ft.
Great opportunity for an owner occupied 3 unit in the heart of downtown. Just steps from the Westin Eastland this property is perfectly located for an Air BNB or VRBO. Close to everything fun in Portland it's an easy walk to Congress St, The State Theater, Portland Museum of Art, MECA, The Old Port and many dining and drinking venues.
Bayside dining and drinking is close as is the Washington Ave entertainment district.
This three home property has been owned and occupied for the past 43 years by the seller (Broker). Nice units which have a consistently high occupancy rate over the lifetime of the present ownership. Two long term tenants (9+ and 3+ yrs) make management a breeze.
Nice systems, new roof on upper dormers, back pitch and fire escape, most of the balance is slate.
Nice, sunny backyard with raspberries, garden and Deck
Last Agent to Sell the Property
William Shafter
Bean Group Listed on: 06/02/2023
Last Buyer's Agent
Heather Rice
Benchmark Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,174
Year Built
- Built in 1889
Lot Details
- 3,920 Sq Ft Lot
- Landscaped
Home Design
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Fiberglass Roof
- Wood Siding
- Asbestos Siding
- Shingle Siding
- Asbestos
Interior Spaces
- 3,346 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- 3 Fireplaces
- Storm Windows
- ENERGY STAR Qualified Appliances
Flooring
- Wood
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Low Flow Toliet
- Shower Only
Basement
- Walk-Out Basement
- Brick Basement
Parking
- Common or Shared Parking
- Shared Driveway
- Paved Parking
Accessible Home Design
- Doors are 32 inches wide or more
Outdoor Features
- Nearby Water Access
- Patio
Location
- Property is near public transit
- The property is located in a historic district
- City Lot
Utilities
- No Cooling
- Radiator
- Space Heater
- Heating System Uses Gas
- Heating System Uses Oil
- Heat Pump System
- Heating System Mounted To A Wall or Window
- Hot Water Heating System
- Gravity Heating System
- High-Efficiency Water Heater
- Internet Available
Listing and Financial Details
- Legal Lot and Block 24 / F
- Assessor Parcel Number PTLD-000036-F000024-000001
Community Details
Overview
- No Home Owners Association
- 3 Units
- Historic Dist. Subdivision
Building Details
- Operating Expense $16,452
- Gross Income $34,620
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2023
Closed on
Nov 1, 2022
Sold by
Shafter William L
Bought by
Shen Qi
Seller's Agent
William Shafter
Bean Group
Buyer's Agent
Heather Rice
Benchmark Real Estate
List Price
$979,000
Sold Price
$850,000
Premium/Discount to List
-$129,000
-13.18%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,341
Avg. Annual Appreciation
7.99%
Original Mortgage
$585,000
Outstanding Balance
$566,983
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$491,950
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 |
|---|---|---|---|
| Shen Qi | $850,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shen Qi | $585,000 | |
| Previous Owner | Shafter William L | $85,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2022 11/01/22 | Sold | $850,000 | 0.0% | $254 / Sq Ft |
| 09/26/2022 09/26/22 | Off Market | $850,000 | -- | -- |
| 06/28/2022 06/28/22 | For Sale | $979,000 | -- | $293 / 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 | $12,028 | $801,300 | $295,400 | $505,900 |
| 2023 | $11,286 | $783,200 | $295,400 | $487,800 |
| 2022 | $10,659 | $783,200 | $295,400 | $487,800 |
| 2021 | $10,174 | $783,200 | $295,400 | $487,800 |
| 2020 | $8,557 | $367,100 | $148,600 | $218,500 |
| 2019 | $8,557 | $367,100 | $148,600 | $218,500 |
| 2018 | $8,252 | $367,100 | $148,600 | $218,500 |
| 2017 | $7,948 | $367,100 | $148,600 | $218,500 |
| 2016 | $7,749 | $367,100 | $148,600 | $218,500 |
| 2015 | $7,573 | $367,100 | $148,600 | $218,500 |
| 2014 | $7,342 | $367,100 | $148,600 | $218,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
H
Buyer's Agent in 2023
Heather Rice
Benchmark Real Estate
Map
Source: Maine Listings
MLS Number: 1534325
APN: PTLD-000036-000000-F024001
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
- 240 State St Unit 4
- 243 & 245 High St
- 49 Deering St
- 60 Parris St Unit 201
- 547 Congress St Unit 3B
- 547 Congress St Unit 6
- 60 Mellen St
- 11 Mellen St Unit 4
- 17 Pine St Unit 3
- 727 Congress St Unit 5
- 21 Pine St Unit 2
- 1 Horton Place
- 104 Grant St Unit 403
- 148 State St
- 126 Winter St Unit 1
- 749 Congress St Unit 5
- 124 Sherman St
- 3 Walker St Unit 4
- 30 Dow St
- 21 Dow St Unit 4
- 439 Cumberland Ave
- 212 High St
- 208 High St
- 200 High St
- 210 High St
- 8 Sherman St
- 16 Sherman St Unit 16
- 16 Sherman St Unit 1
- 450 Cumberland Ave Unit 2
- 450 Cumberland Ave Unit 3
- 442 Cumberland Ave Unit 6
- 442 Cumberland Ave Unit 5
- 446 Cumberland Ave
- 18 Sherman St Unit 4
- 18 Sherman St Unit 3
- 18 Sherman St Unit 2
- 18 Sherman St Unit 1
- 18 Sherman St
- 18 Sherman St Unit 18
- 452 Cumberland Ave