NOT LISTED FOR SALE

487 Main St Portland, CT 06480

Estimated Value: $431,000 - $529,000

6 Beds
4 Baths
3,360 Sq Ft
$142/Sq Ft Est. Value

Last Sold July 02, 2015

Last sale price $275,000 $82 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,145/month

103 Days on Market

Highlights

  • River Front
  • ENERGY STAR Certified Homes
  • Corner Lot
  • Gildersleeve School Rated 9+
  • Partially Wooded Lot
  • No HOA

About This Home

As of July 2015

Charming Main Street Portland* Live in the fabulous newly remodeled large 2 bedroom, 2 bath unit and collect rent for other two units. If your looking for an investment here it is. Tenants have been in place for several years. All individual utilities. All brand new high efficiency furnaces and 3 brand new oil hot water heaters in fall of 2014 along with 42 New windows! Clean painted basement. All separate electric panel boxes. Private off street paved parking lot for at least 8 cars. Nice large wrap around porch. Conveniently located. City water & sewer. All 3 units have 2 bedrooms each. This is a great 3 family home.

Last Agent to Sell the Property

Joann DeRaffaele

Berkshire Hathaway NE Prop. License #REB.0756628 Listed on: 02/19/2015

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Susan Hermanson

William Raveis Real Estate License #RES.0771523

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,262

Year Built

  • Built in 1839

Lot Details

  • 9,148 Sq Ft Lot
  • River Front
  • Stone Wall
  • Corner Lot
  • Open Lot
  • Partially Wooded Lot

Home Design

  • Clap Board Siding
  • Cedar Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,360 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Walkup Attic

Parking

  • 8 Car Garage
  • Driveway
  • Parking Lot
  • Off-Street Parking

Eco-Friendly Details

  • ENERGY STAR Certified Homes

Outdoor Features

  • Walking Distance to Water
  • Wrap Around Porch

Schools

  • Gildersleeve Elementary School
  • Brownstone Middle School
  • Portland Middle School
  • Portland High School

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Oil
  • Electric Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,262

Year Built

Built in 1839

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: 3sides - Units Are Side-by-Side
  • Total Sq Ft: 3360
  • Year Built: 1839
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Main Street
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Attic Description: Walk-up
  • Interior Amenities: Cable - Available
  • Laundry Room Location: First Floor
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No
  • Stories Number Of: 2
  • Street Number Modifier: 487

Exterior Features

  • Exterior Features: Sidewalk, Stone Wall, Porch-Wrap Around
  • Exterior Siding: Cedar, Clapboard
  • Waterfront Description: River, Walk to Water
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Off Street Parking, Parking Lot, Paved
  • Garages Number: 8
  • Driveway Type: Asphalt, Paved
  • Total Parking Spaces: 8

Utilities

  • Heat Type: Baseboard, Radiator
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Gildersleeve
  • Middle School: Brownstone
  • High School: Portland
  • Intermediate School: Portland

Green Features

  • Energy Features: Energy Star Rated, Thermopane Windows

Lot Info

  • Acres: 0.2100
  • Lot Description: Corner Lot, Lightly Wooded, Open Lot, Fence - Privacy, Fence - Stone

Rental Info

  • Landlord Responsibility: Grounds Maintenance, Maintenance/Repairs, Parking, Snow Removal, Trash Service, Water
  • Lease Purchase: No

Multi Family

  • Unit Count: 3
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2014-June 2015
  • Property Tax: 6262
  • Total Assessed Value: 197050
  • Mil Rate Total: 31.780
  • Assessor Parcel Number: 1034496

MLS Schools

  • Elementary School: Gildersleeve
  • Middle Jr High School: Brownstone
  • High School: Portland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2015
Closed on
Jul 6, 2015
Sold by
Fournier John P and Reeves Christopher M
Bought by
Iacino Steven and Iacino Wendy
Seller's Agent
Joann DeRaffaele
Berkshire Hathaway NE Prop.
Buyer's Agent
Susan Hermanson
William Raveis Real Estate
List Price
$299,900
Sold Price
$275,000
Premium/Discount to List
-$24,900
-8.3%
Current Estimated Value
$478,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,336
Avg. Annual Appreciation
5.54%
Original Mortgage
$220,000
Outstanding Balance
$171,363
Interest Rate
3.83%
Estimated Equity
$306,973

Purchase Details

Closed on
Feb 1, 1994
Sold by
Amenta Louis A and Amenta Janet
Bought by
Fournier John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
7.11%
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
Iacino Steven $275,000 --
Fournier John P $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fournier John P $220,000
Previous Owner Fournier John P $100,000
Previous Owner Fournier John P $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2015 07/02/15 Sold $275,000 -8.3% $82 / Sq Ft
06/02/2015 06/02/15 Pending -- -- --
02/19/2015 02/19/15 For Sale $299,900 -- $89 / Sq Ft
Source: SmartMLS

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 $7,309 $213,080 $42,420 $170,660
2023 $6,917 $213,080 $42,420 $170,660
2022 $6,912 $213,080 $42,420 $170,660
2021 $6,551 $187,110 $47,180 $139,930
2020 $6,433 $187,110 $47,180 $139,930
2019 $14,897 $187,110 $47,180 $139,930
2018 $6,326 $187,110 $47,180 $139,930
2017 $6,171 $187,110 $47,180 $139,930
2016 $6,454 $198,520 $58,940 $139,580
2015 $6,420 $198,520 $58,940 $139,580
2014 -- $197,050 $58,940 $138,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: G10023085

SmartMLS

APN: PORT-000047-000000-000053