NOT LISTED FOR SALE

48 State St Unit 1 Portland, ME 04101

West End Neighborhood

Estimated Value: $387,000 - $500,000

1 Bed
1.5 Baths
1,100 Sq Ft
$275/mo HOA Fee

Last Sold October 26, 2022

Last sale price $424,000 $385 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,103/month

4 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • Bonus Room
  • Cathedral Ceiling
  • Main Floor Bedroom
  • 3-minute walk to Harbor View Memorial Park

About This Home

As of October 2022

Nicely updated, Portland condo settled in a great location on State Street. This unit offers a primary en-suite with a beautiful marble bathroom, updated kitchen with soapstone countertops, cherry cabinets with crown molding, high end appliances, including a Wolf gas stove, a grand living room area, and an amazing finished lower level, which could be used as a bonus room or home office space. The lower level also provides a half bathroom, in-unit laundry, a great storage room within the unit, and a separate storage unit in the shared lower level space. One deeded parking space, with the option to rent a second from the association for just $60/month, makes this condo very desirable. Enjoy all of the amenities downtown Portland has to offer!

Last Agent to Sell the Property

David Banks

RE/MAX By The Bay Listed on: 09/22/2022

RE/MAX By The Bay

Last Buyer's Agent

Troy Wilkins

Portside Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,096

Year Built

  • Built in 1890

Lot Details

  • Landscaped
  • Open Lot

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Wood Frame Construction
  • Composition Roof
  • Fiberglass Roof

Interior Spaces

  • Cathedral Ceiling
  • Living Room
  • Home Office
  • Bonus Room

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Brick Basement
  • Interior Basement Entry

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking
  • Reserved Parking

Location

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

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Water Heater

Listing and Financial Details

  • Tax Lot C020
  • Assessor Parcel Number PTLD-000044-C000020-000001

Community Details

Overview

  • 12 Units
  • FHA/VA Approved Complex

Amenities

  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,096

Year Built

Built in 1890

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 651.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 651.0
  • Property Information:SqFt Finished Below Grade: 449.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 275.0
  • Location Information:Fee Frequency Paid: Monthly
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: Yes
  • Condominium:Units in Building: 12
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Heat Fuel:Gas Natural: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Roof:Composition2: Yes
  • Foundation Materials:BrickMortar2: Yes
  • Parking:On Site2: Yes
  • Bonus Room:Bonus Room: Yes
  • Office:Office: Yes
  • Location:Historic District: Yes
  • Basement:BrickMortar: Yes
  • Appliances Included:Gas Range: Yes
  • Living Room Amenities:Cathedral Ceiling5: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Heater:Tank: Yes
  • Exterior:Brick: Yes
  • Roof:Fiberglass: Yes
  • Primary Bedroom Amenities:Separate Shower6: Yes
  • Room Features:Separate Shower17: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Gas Range, Dryer, Dishwasher
  • Has Basement: Brick/Mortar, Interior Entry, Walk-Out Access
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Below Grade Sq Ft: 449.0
  • Fireplace: No
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath, Other, Pantry, Shower, Storage
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Historic District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Brick, Wood Frame
  • Foundation Details: Brick/Mortar
  • Roof: Fiberglass

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 275.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Parcel #: PTLD-000044-C000020-000001
  • Zoning: R6

Multi Family

  • Number Of Units In Community: 12

Tax Info

  • Tax Annual Amount: 3096.0
  • Tax Book Number: 35270
  • Tax Lot: C020
  • Tax Map Number: 44
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Oct 26, 2022
Sold by
Stansbury-Farrell Keenan and Hedrick Kelci E
Bought by
Forty Terrill Park Dr Llc
Seller's Agent
David Banks
RE/MAX By The Bay
Buyer's Agent
Troy Wilkins
Portside Real Estate Group
List Price
$395,000
Sold Price
$424,000
Premium/Discount to List
$29,000
7.34%
Current Estimated Value
$458,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,219
Avg. Annual Appreciation
2.79%

Purchase Details

Listed on
Sep 4, 2018
Closed on
Nov 6, 2018
Sold by
Panfield Nicholas H
Bought by
Stansbury-Farrell Keena and Hedrick Kelci E
Seller's Agent
The Marc Gup
Keller Williams Realty
Buyer's Agent
Melissa Richter
Coldwell Banker Realty
List Price
$299,900
Sold Price
$305,000
Premium/Discount to List
$5,100
1.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.63%
Original Mortgage
$244,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Forty Terrill Park Dr Llc $424,000 None Available
Stansbury-Farrell Keena -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stansbury $243,000
Previous Owner Stansbury-Farrell Keena $244,000
Previous Owner Penfield Nicholas H $130,000
Previous Owner Penfield Nicholas H $91,783
Previous Owner Cook Peter J $19,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2022 10/26/22 Sold $424,000 +7.3% $385 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $395,000 +29.5% $359 / Sq Ft
11/02/2018 11/02/18 Sold $305,000 +1.7% $277 / Sq Ft
09/11/2018 09/11/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $299,900 -- $273 / 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 $3,577 $238,300 $47,660 $190,640
2023 $3,434 $238,300 $47,660 $190,640
2022 $3,243 $238,300 $47,660 $190,640
2021 $3,096 $238,300 $47,660 $190,640
2020 $2,946 $126,400 $25,300 $101,100
2019 $2,946 $126,400 $25,300 $101,100
2018 $2,330 $126,400 $25,300 $101,100
2017 $2,737 $126,400 $25,300 $101,100
2016 $2,668 $126,400 $25,300 $101,100
2015 $2,608 $126,400 $25,300 $101,100
2014 -- $126,400 $25,300 $101,100
Source: Public Records

Agents Affiliated with this Home

  • David Banks

    Seller's Agent in 2022

    David Banks

    RE/MAX

    (207) 773-2345

    12 in this area

    1,090 Total Sales

    Section Image

  • T

    Buyer's Agent in 2022

    Troy Wilkins

    Portside Real Estate Group

  • T

    Seller's Agent in 2018

    The Marc Gup

    Keller Williams Realty

    (207) 232-6127

    4 in this area

    218 Total Sales

    Section Image

  • M

    Buyer's Agent in 2018

    Melissa Richter

    Coldwell Banker Realty

    Section Image
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Map

Source: Maine Listings

MLS Number: 1543968

Maine Listings

APN: PTLD-000044-000000-C020001

Maine Cumberland County Portland 04101 West End

48 State St Unit 1, Portland, ME

This home is located at 48 State St Unit 1, Portland, ME 04101 since 22 September 2022 and is currently estimated at $445,428, approximately $404 per square foot. This property was built in 1890. 48 State St Unit 1 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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