$450,000
SOLD JAN 15, 2025
-- Bed
2 Baths
1,336 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$337 Per Sq Ft

10% Below List Price

59 Days on Market

Highlights

  • Ocean Front
  • Cape Cod Architecture
  • Wood Flooring
  • Nearby Water Access
  • Deck
  • Main Floor Bedroom

About This Home

As of January 2025

Opportunity awaits at 50 Atlantic Avenue in South Portland! This property features two separate two-bedroom units, each offering great potential for renovation and improvement. Whether you're an investor looking for a project or a homeowner ready to make this property your own, the possibilities are endless.
Situated in the heart of South Portland, this property is just a short distance from local amenities, schools, and shops.
Convenient access to major roadways, making commuting a breeze.
Less than 10 minutes to the vibrant downtown Portland area, with its thriving arts scene, waterfront restaurants, and historic landmarks.
Nearby Parks & Attractions:

Bug Light Park - A charming waterfront park with picturesque views of the Portland Head Light, perfect for picnics, walking, and relaxing by the water.
Willard Beach - A beautiful sandy beach ideal for swimming, kayaking, or simply enjoying the ocean breeze.
South Portland Greenbelt Walkway - A network of scenic walking and biking trails that connect you to parks, nature reserves, and the nearby coastline.
Fort Preble - A historic fort offering unique views of the Casco Bay and opportunities for outdoor exploration.
Cape Elizabeth's Fort Williams Park - Just a short drive away, featuring walking trails, ocean views, and the iconic Portland Head Light.

Last Agent to Sell the Property

Cash Wiseman

Keller Williams Realty Brokerage Phone: 207-838-1870 Listed on: 11/23/2024

Keller Williams Realty

Last Buyer's Agent

Courtney Griffeth

Landing Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,192

Year Built

  • Built in 1910

Lot Details

  • 7,841 Sq Ft Lot
  • Ocean Front
  • Level Lot
  • Open Lot

Parking

  • 3 Car Detached Garage
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cape Cod Architecture
  • Colonial Architecture
  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,336 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Interior Basement Entry
  • Dirt Floor

Outdoor Features

  • Nearby Water Access
  • Deep Water Access
  • Deck

Location

  • Property is near shops
  • Property is near a golf course

Utilities

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

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 014
  • Assessor Parcel Number 50AtlanticAvenueSouthPortland04106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,192

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: Broadway to Elm to Atlantic
  • Above Grade Finished Sq Ft: 1336.0
  • Architectural Style: Colonial, Cape
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1910
  • Attribution Contact: 207-838-1870
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.18
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1336.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 2
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Recreational Water:Nearby: Yes
  • Basement:BrickMortar: Yes
  • Water Heater:Oil2: Yes
  • View:Scenic: Yes
  • Transportation:Deep Water Access: Yes
  • Building Info:_pound_ Floors3: 22
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Brick/Mortar, Dirt Floor, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 22
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Turnpike/Interstate, Near Town, Shopping Mall
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Paved, Detached

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7840.8
  • Parcel #: 50AtlanticAvenueSouthPortland04106
  • Zoning: Zone G

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5192.0
  • Tax Book Number: 17091
  • Tax Lot: 014
  • Tax Map Number: 026
  • Tax Year: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2024
Closed on
Jan 15, 2025
Sold by
Kelley Katherine M Est and Moore
Bought by
Valente Debra and Cole Amanda J
Seller's Agent
Cash Wiseman
Keller Williams Realty
Buyer's Agent
Courtney Griffeth
Landing Real Estate
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Views
61
Current Estimated Value
$473,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,184
Avg. Annual Appreciation
4.72%
Original Mortgage
$337,500
Outstanding Balance
$336,613
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$126,223
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 Type Sale Price Title Company
Personal Reps Deed $450,000 None Available
Personal Reps Deed $450,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $337,500 Purchase Money Mortgage
Closed $337,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $450,000 +0.2% $337 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
12/31/2024 12/31/24 Price Changed $449,000 -10.0% $336 / Sq Ft
11/23/2024 11/23/24 For Sale $499,000 0.0% $374 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $499,000 -- $374 / 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 $5,192 $393,300 $159,600 $233,700
2023 $4,349 $307,600 $105,600 $202,000
2022 $4,153 $266,900 $84,500 $182,400
2021 $3,468 $266,900 $84,500 $182,400
2020 $3,132 $189,600 $73,100 $116,500
2019 $3,051 $189,600 $73,100 $116,500
2018 $2,965 $189,600 $73,100 $116,500
2017 $3,413 $189,600 $73,100 $116,500
2016 $3,356 $189,600 $73,100 $116,500
2015 $3,299 $189,600 $73,100 $116,500
2014 $3,242 $189,600 $73,100 $116,500
2013 -- $189,600 $73,100 $116,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1608748

Maine Listings

APN: SPOR-000026-000000-000014