NOT LISTED FOR SALE

48 Lafayette St Portland, ME 04101

East End Neighborhood

Estimated Value: $1,085,991 - $1,267,000

5 Beds
3 Baths
3,093 Sq Ft
$374/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $975,000 $315 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,872/month

12 Days on Market

Highlights

  • Deck
  • New Englander Architecture
  • Hot Water Heating System
  • Wood Flooring
  • No HOA
  • 2-minute walk to Fort Sumner Park

About This Home

As of October 2022

Nice Munjoy Hill 3 unit w/ updated units, brand new boiler w/ a fantastic yard offering (2) 2 bedroom units + (1) 1 bedroom unit. This is with in walking distance to fabulous restaurants, Eastern Promenade and Portland's Old Port!

Last Agent to Sell the Property

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 09/01/2022

Last Buyer's Agent

Joshua Caron

Maine Community Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,933

Year Built

  • Built in 1880

Lot Details

  • 3,049

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 3,093 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Vinyl

Basement

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

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Heating System
  • Water Heater Leased

Additional Features

  • Deck
  • 3,049 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Tax Lot A10
  • Assessor Parcel Number PTLD-000014-A000010-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $12,350
  • Gross Income $32,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,933

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Congress to Lafayette
  • Above Grade Finished Sq Ft: 3093.0
  • Architectural Style: New Englander, Other Style
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3093.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 32700.0
  • Income Expenses Operating Expenses: 12350.0
  • Gas:Natural - At Street: Yes
  • Basement:Sump Pump: Yes
  • Heat System:Space Heater: Yes
  • Style:New Englander: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Sump Pump, Interior Entry
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl
  • Full Basement: Yes
  • Appliances:Water Heater Rented: Yes

Exterior Features

  • Lot Features: Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Space Heater, Hot Water
  • 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: 3049.2
  • Parcel #: PTLD-000014-A000010-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 32700.0
  • Annual Operating Expense: 12350.0

Tax Info

  • Tax Annual Amount: 7933.0
  • Tax Book Number: 37186
  • Tax Lot: A10
  • Tax Map Number: 14
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2020
Closed on
Apr 17, 2020
Sold by
Sukeforth Matthew A
Bought by
Rm Ferrante Llc
Seller's Agent
Lauren Jones
F.O. Bailey Real Estate
Buyer's Agent
Thomas Gadbois
F.O. Bailey Real Estate
List Price
$615,000
Sold Price
$615,000
Current Estimated Value
$1,156,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,498
Avg. Annual Appreciation
11.81%
Original Mortgage
$620,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
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
Rm Ferrante Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 48 Lafayette Street Llc $780,000
Closed Rm Ferrante Llc $250,000
Closed Rm Ferrante Llc $1,055,000
Closed Rm Ferrante Llc $576,000
Previous Owner Rm Ferrante Llc $620,000
Previous Owner Sukeforth Matthew A $50,000
Previous Owner Sukeforth Matthew A $280,159
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $975,000 -11.0% $315 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $1,095,000 +78.0% $354 / Sq Ft
04/25/2020 04/25/20 Sold $615,000 0.0% $199 / Sq Ft
04/25/2020 04/25/20 Pending -- -- --
04/25/2020 04/25/20 For Sale $615,000 -- $199 / 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 $9,167 $610,700 $250,600 $360,100
2023 $8,800 $610,700 $250,600 $360,100
2022 $8,312 $610,700 $250,600 $360,100
2021 $7,933 $610,700 $250,600 $360,100
2020 $6,079 $260,800 $91,500 $169,300
2019 $6,079 $260,800 $91,500 $169,300
2018 $5,239 $260,800 $91,500 $169,300
2017 $5,646 $260,800 $91,500 $169,300
2016 $5,505 $260,800 $91,500 $169,300
2015 $5,380 $260,800 $91,500 $169,300
2014 $5,216 $260,800 $91,500 $169,300
Source: Public Records

Agents Affiliated with this Home

  • Thomas Gadbois

    Seller's Agent in 2022

    Thomas Gadbois

    F.O. Bailey Real Estate

    (207) 409-8339

    7 in this area

    146 Total Sales

    Thomas Gadbois
    Section Image
  • Joshua Caron

    Buyer's Agent in 2022

    Joshua Caron

    Maine Community Real Estate

    (207) 408-3879

    3 in this area

    55 Total Sales

    Joshua Caron
    Section Image
  • Lauren Jones

    Seller's Agent in 2020

    Lauren Jones

    F.O. Bailey Real Estate

    (207) 781-1111

    4 in this area

    74 Total Sales

    Lauren Jones
    Section Image
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Map

Source: Maine Listings

MLS Number: 1541817

Maine Listings

APN: PTLD-000014-000000-A010001

Maine Cumberland County Portland 04101 East End

48 Lafayette St, Portland, ME

This home is located at 48 Lafayette St, Portland, ME 04101 since 01 September 2022 and is currently estimated at $1,156,498, approximately $373 per square foot. This property was built in 1880. 48 Lafayette St is a home located in Cumberland County with nearby schools including East End Community School, King Middle School, and Baxter Academy for Tech & Sciences.

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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