NOT LISTED FOR SALE

48 Park Ave Portland, ME 04101

Parkside Neighborhood

Estimated Value: $914,000 - $1,499,000

8 Beds
3 Baths
3,574 Sq Ft
$314/Sq Ft Est. Value

Last Sold October 15, 2015

Last sale price $241,000 $67 Per Sq Ft

Est. 366% increase in value since last sale

Current estimated payment $6,789/month

1,059 Days on Market

Highlights

  • Property is near public transit
  • New Englander Architecture
  • Hot Water Heating System
  • Wood Flooring
  • No HOA
  • 3-minute walk to Deering Oaks Park

About This Home

As of October 2015

APPROVED SHORT SALE.Centrally located 3-Unit w/2- 3 bdrm units and 1- 2-bdrm unit. Separate heat & electric,hardwood floors,period moulding. Across from Deering Oaks Park.short walk to downtown.

Last Agent to Sell the Property

Richard Murphy

Harborview Properties, Inc. Listed on: 06/19/2012

Last Buyer's Agent

Jean Murphy Richard Murphy

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,208

Year Built

  • Built in 1910

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,574 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 48Park AvenuePortland363

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $10,100
  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,208

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Park Avenue between State & High Streets
  • Above Grade Finished Sq Ft: 3574.0
  • Architectural Style: Multi-Level, New Englander
  • Building Stories: 3
  • Year Built: 1910
  • 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: 3574.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 32400.0
  • Income Expenses Operating Expenses: 10100.0
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Roof:Pitched: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Public Transit
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Pitched, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: 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 #: 48Park AvenuePortland363
  • Zoning: Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 32400.0
  • Annual Operating Expense: 10100.0

Tax Info

  • Tax Annual Amount: 5208.0
  • Tax Book Number: 23377
  • Tax Lot: 3
  • Tax Map Number: 36
  • Tax Year: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2016
Sold by
Mecap Llc
Bought by
Ames Joshua
Current Estimated Value
$1,123,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,750
Outstanding Balance
$340,418
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$782,582

Purchase Details

Listed on
Jun 19, 2012
Closed on
Oct 19, 2015
Sold by
Rutter Jason T
Bought by
Lalumiere Scott
Seller's Agent
Richard Murphy
Harborview Properties, Inc.
Buyer's Agent
Jean Murphy Richard Murphy
Coldwell Banker Realty
List Price
$350,000
Sold Price
$241,000
Premium/Discount to List
-$109,000
-31.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.82%
Original Mortgage
$250,000
Interest Rate
3.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 10, 2005
Sold by
Zarougian Victor V and Saryan Judith
Bought by
Rutter Jasont

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
5.93%
Mortgage Type
Unknown
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
Ames Joshua -- --
Lalumiere Scott -- --
Rutter Jasont -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ames Joshua A $128,360
Open Ames Joshua $426,750
Closed Mecap Llc $250,000
Closed Mecap Llc $136,000
Closed Rutter Jason T $50,000
Closed Rutter Jasont $266,000
Closed Rutter Jasont $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2015 10/15/15 Sold $241,000 -31.1% $67 / Sq Ft
05/17/2015 05/17/15 Pending -- -- --
06/21/2012 06/21/12 For Sale $350,000 -- $98 / 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 $8,610 $573,600 $124,300 $449,300
2023 $8,266 $573,600 $124,300 $449,300
2022 $7,807 $573,600 $124,300 $449,300
2021 $7,451 $573,600 $124,300 $449,300
2020 $7,368 $316,100 $62,500 $253,600
2019 $7,368 $316,100 $62,500 $253,600
2018 $6,844 $316,100 $62,500 $253,600
2017 $6,844 $316,100 $62,500 $253,600
2016 $6,014 $284,900 $62,500 $222,400
2015 $5,877 $284,900 $62,500 $222,400
2014 $5,698 $284,900 $62,500 $222,400
Source: Public Records

Agents Affiliated with this Home

  • Richard Murphy

    Seller's Agent in 2015

    Richard Murphy

    Harborview Properties, Inc.

    (207) 712-4796

    4 in this area

    50 Total Sales

    Richard Murphy
    Section Image

  • J

    Buyer's Agent in 2015

    Jean Murphy Richard Murphy

    Coldwell Banker Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1058620

Maine Listings

APN: PTLD-000036-000000-D003001

Maine Cumberland County Portland 04101 Parkside

48 Park Ave, Portland, ME

This home is located at 48 Park Ave, Portland, ME 04101 since 19 June 2012 and is currently estimated at $1,123,000, approximately $314 per square foot. This property was built in 1910. 48 Park Ave is a home located in Cumberland County with nearby schools including Reiche 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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