$170,000
SOLD DEC 18, 2018

5 Salem St Portland, ME 04102

West End Neighborhood
0.06 Acre
$2,833,333 Price per Acre
2,614 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

24% Below List Price

148 Days on Market

Highlights

  • Ocean Front
  • Level Lot
  • 2-minute walk to Harbor View Memorial Park
  • No HOA

About This Lot

As of October 2024

Situated in the West End, in the vibrant heart of the city, this dream lot is ready to build! Maximum build height is 45' enabling spectacular views of the Fore River leading into Casco Bay. R6 Zoning allows for a single family or 2 family home. A rare opportunity to invest in a high growth/demand area. Priced to sell, so don't miss this rare opportunity! The owner had preliminary plans to build a 3 bedroom, 2.5 bath single family home, with an attached one car garage and a widows walk along with an open air deck capturing stunning, panoramic views. Ask us for more details...

Last Agent to Sell the Property

Bridget King Jason Miller

King + Miller Real Estate Listed on: 06/20/2018

Last Buyer's Agent

Lynn Hallett

Town & Shore Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,713

Lot Details

  • 2,614 Sq Ft Lot
  • Ocean Front
  • Level Lot
  • Property is zoned R6

Parking

  • No Driveway

Property Views

  • Water
  • Scenic Vista

Location

  • City Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot K19
  • Assessor Parcel Number PTLD-000057-000000-K019001

Property Details

Property Type

Land

Est. Annual Taxes

$2,713

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.06
  • Road Surface Type: Paved
  • Water Body Name: Fore River
  • MLS Status: Closed
  • Directions: State St. to right on Danforth St. to left on Brackett St. to right on Salem St. See sign.
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.06
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:No Driveway: Yes
  • View:Scenic: Yes
  • Utility Info Electric On Site: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Level, Intown
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Electric: On Site
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Parcel #: PTLD-000057-000000-K019001
  • Zoning: R6

Tax Info

  • Tax Annual Amount: 2713.0
  • Tax Book Number: 34676
  • Tax Lot: K19
  • Tax Map Number: 57
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Oct 18, 2024
Sold by
Grey Gardnes Ii Llc
Bought by
Rancourt Michael A
Seller's Agent
Lynn Hallett
Town & Shore Real Estate
Buyer's Agent
Rebecca Kingsley Sewall
Peninsula Real Estate LLC
List Price
$2,200,000
Sold Price
$1,600,000
Premium/Discount to List
-$600,000
-27.27%
Views
139
Current Estimated Value
$1,498,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$101,978
Avg. Annual Appreciation
0.05%
Original Mortgage
$1,280,000
Outstanding Balance
$1,273,980
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$326,646

Purchase Details

Listed on
Jun 20, 2018
Closed on
Dec 18, 2018
Sold by
Baker Bruce W
Bought by
Grey Gardens 2 Llc
Seller's Agent
Bridget King Jason Miller
King + Miller Real Estate
Buyer's Agent
Lynn Hallett
Town & Shore Real Estate
List Price
$225,000
Sold Price
$170,000
Premium/Discount to List
-$55,000
-24.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.80%

Purchase Details

Closed on
Feb 26, 2018
Sold by
Clowes Carol
Bought by
Baker Bruce W
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,280,000 Purchase Money Mortgage
Closed $1,280,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $1,600,000 0.0% $588 / Sq Ft
09/28/2024 09/28/24 Pending -- -- --
09/24/2024 09/24/24 Price Changed $1,600,000 -10.9% $588 / Sq Ft
07/22/2024 07/22/24 Price Changed $1,795,000 -9.1% $660 / Sq Ft
05/13/2024 05/13/24 Price Changed $1,975,000 -10.2% $726 / Sq Ft
04/15/2024 04/15/24 For Sale $2,200,000 +1194.1% $809 / Sq Ft
12/18/2018 12/18/18 Sold $170,000 -24.4% $64 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $225,000 -- $85 / 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 $12,451 $829,500 $274,500 $555,000
2023 $8,424 $584,600 $274,500 $310,100
2022 $3,736 $274,500 $274,500 $0
2021 $3,566 $274,500 $274,500 $0
2020 $2,580 $110,700 $110,700 $0
2019 $2,580 $110,700 $110,700 $0
2018 $3,278 $120,700 $110,700 $10,000
2017 $3,278 $151,400 $110,700 $40,700
2016 $3,196 $151,400 $110,700 $40,700
2015 $3,123 $151,400 $110,700 $40,700
2014 $3,028 $151,400 $110,700 $40,700
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Lynn Hallett

    Town & Shore Real Estate

    (207) 773-0262

    14 in this area

    93 Total Sales

    Section Image

  • R

    Buyer's Agent in 2024

    Rebecca Kingsley Sewall

    Peninsula Real Estate LLC

    (207) 400-0744

    6 in this area

    84 Total Sales

    Section Image
  • Bridget King Jason Miller

    Seller's Agent in 2018

    Bridget King Jason Miller

    King + Miller Real Estate

    (207) 332-1713

    3 in this area

    433 Total Sales

    Section Image
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Map

Source: Maine Listings

MLS Number: 1357104

Maine Listings

APN: PTLD-000057-000000-K019001

Maine Cumberland County Portland 04102 West End

5 Salem St, Portland, ME

This home is located at 5 Salem St, Portland, ME 04102 and is currently priced at $170,000, approximately $64 per square foot. 5 Salem St 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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