NOT LISTED FOR SALE

5 Gerry Ave South Portland, ME 04106

Highland Neighborhood

Estimated Value: $589,264 - $700,000

4 Beds
2 Baths
2,214 Sq Ft
$298/Sq Ft Est. Value

Last Sold March 24, 2017

Last sale price $287,500 $130 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $4,024/month

92 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Interior Lot
  • Wood Flooring
  • Detached Garage
  • Forced Air Heating System

About This Home

As of March 2017

Turn-Key two unit in South Portland! Why Rent? Both units contain two bedrooms, with tenants responsible for their own electricity and heat. Numerous updates throughout ownership, complete with a two-car garage.

Last Agent to Sell the Property

Brett Kelly

Keller Williams Realty Listed on: 11/08/2016

Keller Williams Realty

Last Buyer's Agent

Tom Landry

Benchmark Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,995

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Interior Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Aluminum Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,214 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry

Parking

  • Detached Garage
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 99
  • Assessor Parcel Number SPOR-000053-000000-000099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,995

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • MLS Status: Closed
  • Directions: Route One to Gerry Avenue
  • Above Grade Finished Sq Ft: 2214.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2214.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Style:Colonial: Yes
  • Roof:RolledHot Mop: Yes
  • Exterior:Aluminum Siding: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Doghouse, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 2
  • Full Basement: Yes
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Interior Lot, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Roof: Rolled/Hot Mop, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: SPOR-000053-000000-000099
  • Zoning: G

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3995.0
  • Tax Book Number: 22671
  • Tax Lot: 99
  • Tax Map Number: 053
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2016
Closed on
Mar 27, 2017
Sold by
Arel Brian and Arel Jill
Bought by
Reeves John Y
Seller's Agent
Brett Kelly
Keller Williams Realty
Buyer's Agent
Tom Landry
Benchmark Real Estate
List Price
$299,900
Sold Price
$287,500
Premium/Discount to List
-$12,400
-4.13%
Current Estimated Value
$659,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,566
Avg. Annual Appreciation
8.90%
Original Mortgage
$282,292
Outstanding Balance
$239,063
Interest Rate
4.17%
Mortgage Type
FHA
Estimated Equity
$353,966

Purchase Details

Closed on
May 24, 2005
Sold by
Boure Ronald P and Boure Christine R
Bought by
Arel Jill and Arel Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,120
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Reeves John Y -- --
Arel Jill -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reeves John Y $282,292
Previous Owner Arel Brian L $253,150
Previous Owner Arel Brian $273,000
Previous Owner Arel Jill $215,120
Previous Owner Arel Jill $53,780
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2017 03/24/17 Sold $287,500 -4.1% $130 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
11/08/2016 11/08/16 For Sale $299,900 -- $135 / 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 $6,145 $465,500 $139,700 $325,800
2023 $5,170 $365,600 $84,900 $280,700
2022 $5,003 $321,500 $67,900 $253,600
2021 $4,359 $321,500 $67,900 $253,600
2020 $4,162 $225,700 $67,100 $158,600
2019 $4,311 $225,700 $67,100 $158,600
2018 $3,998 $225,700 $67,100 $158,600
2017 $4,063 $225,700 $67,100 $158,600
2016 $3,995 $225,700 $67,100 $158,600
2015 $3,927 $225,700 $67,100 $158,600
2014 $3,688 $225,700 $67,100 $158,600
2013 -- $225,700 $67,100 $158,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brett Kelly

    Keller Williams Realty

    Section Image

  • T

    Buyer's Agent in 2017

    Tom Landry

    Benchmark Real Estate

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Map

Source: Maine Listings

MLS Number: 1288387

Maine Listings

APN: SPOR-000053-000000-000099

Maine Cumberland County South Portland 04106 Highland

5 Gerry Ave, South Portland, ME

This home is located at 5 Gerry Ave, South Portland, ME 04106 since 08 November 2016 and is currently estimated at $659,066, approximately $297 per square foot. This property was built in 1920. 5 Gerry Ave is a home located in Cumberland County with nearby schools including Waldo T. Skillin Elementary School, South Portland High School, and Greater Portland Christian School.

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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