NOT LISTED FOR SALE

50 Memory Ln South Portland, ME 04106

Highland Neighborhood

Estimated Value: $499,579 - $535,000

4 Beds
2 Baths
1,610 Sq Ft
$318/Sq Ft Est. Value

Last Sold November 21, 2023

Last sale price $431,000 $268 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,107/month

3 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Bonus Room
  • Deck
  • Main Floor Bedroom
  • No HOA

About This Home

As of November 2023

Convenient South Portland location! Welcome to 50 Memory Lane, tucked away in a neighborhood down a dead-end street. This 3-4 bedroom colonial with two full bathrooms and partially finished basement offers great living space. You'll love all the natural light with hardwood floors throughout, second floor laundry and private rear deck overlooking a fully fenced backyard with storage shed. Gorgeous gardens and a hardscape wall lines the paved parking which leads to a carport for vehicle storage. Benefit from a Revision Energy rooftop solar array. When it comes time to venture out Aroma Joes and Deb's Sandwich Shop are just a short walk or just a mile away is easy access to I295 & I95.

Last Agent to Sell the Property

Peter Mason

PO-GO REALTY Listed on: 10/06/2023

Last Buyer's Agent

Hoang Nguyen

Downeast Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,096

Year Built

  • Built in 1954

Lot Details

  • 5,227 Sq Ft Lot
  • Landscaped
  • Property is zoned Res District A

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Living Room
  • Dining Room
  • Home Office
  • Bonus Room

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Finished Basement

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

Parking

  • Carport
  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Water Heater
  • Internet Available

Additional Features

  • Solar owned by seller
  • Deck
  • City Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 66
  • Assessor Parcel Number SPOR-000063-000000-000066

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,096

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main Street in South Portland to Memory Lane to #50 on left. Memory Lane is a dead-end street.
  • Above Grade Finished Sq Ft: 1310.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1954
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 324.43
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1310.0
  • Property Information:SqFt Finished Below Grade: 300.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Bonus Room:Bonus Room: Yes
  • Style:Colonial: Yes
  • Office:Office: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Equipment:Internet Access Available: Yes
  • Water Heater:Tank: Yes
  • Den:Den: Yes
  • Vehicle Storage:Carport: Yes
  • Electric:Photovoltaics Seller Owned: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Convenient South Portland location! Welcome to 50 Memory Lane, tucked away in a neighborhood down a dead-end street. This 3-4 bedroom colonial with two full bathrooms and partially finished basement offers great living space. You'll love all the natural light with hardwood floors throughout, second floor laundry and private rear deck overlooking a fully fenced backyard with storage shed. Gorgeous gardens and a hardscape wall lines the paved parking which leads to a carport for vehicle storage. Benefit from a Revision Energy rooftop solar array. When it comes time to venture out Aroma Joes and Deb's Sandwich Shop are just a short walk or just a mile away is easy access to I295 & I95.
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Disposal, Dishwasher
  • Has Basement: Finished, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 300.0
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Landscaped, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site, Carport

Utilities

  • Laundry Features: Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water
  • Heating Yn: Yes
  • Electric: Photovoltaics Seller Owned, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: South Portland Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: SPOR-000063-000000-000066
  • Zoning: Res District A

Tax Info

  • Tax Annual Amount: 4096.0
  • Tax Lot: 66
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Nov 21, 2023
Sold by
Verdelli Karen M
Bought by
Tran Nhat Q and Le Thi M
Seller's Agent
Peter Mason
PO-GO REALTY
Buyer's Agent
Hoang Nguyen
Downeast Realty, Inc.
List Price
$425,000
Sold Price
$431,000
Premium/Discount to List
$6,000
1.41%
Current Estimated Value
$511,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,645
Avg. Annual Appreciation
8.95%
Original Mortgage
$331,000
Outstanding Balance
$324,745
Interest Rate
7.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$186,900

Purchase Details

Closed on
Oct 30, 2007
Sold by
Verdelli Karen M
Bought by
Rhinehar Peter K and Verdelli Karen M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tran Nhat Q $431,000 None Available
Rhinehar Peter K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Nhat Q $331,000
Previous Owner Rhinehar Peter K $235,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2023 11/21/23 Sold $431,000 +1.4% $268 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $425,000 -- $264 / 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 $4,955 $375,400 $139,800 $235,600
2023 $4,096 $289,700 $85,000 $204,700
2022 $3,915 $251,600 $67,900 $183,700
2021 $3,699 $251,600 $67,900 $183,700
2020 $3,664 $185,500 $67,200 $118,300
2019 $3,543 $185,500 $67,200 $118,300
2018 $3,432 $185,500 $67,200 $118,300
2017 $3,339 $185,500 $67,200 $118,300
2016 $3,283 $185,500 $67,200 $118,300
2015 $3,228 $185,500 $67,200 $118,300
2014 $3,001 $185,500 $67,200 $118,300
2013 -- $185,500 $67,200 $118,300
Source: Public Records

Agents Affiliated with this Home

  • Peter Mason

    Seller's Agent in 2023

    Peter Mason

    PO-GO REALTY

    (207) 632-8822

    1 in this area

    328 Total Sales

    Peter Mason
    Section Image

  • H

    Buyer's Agent in 2023

    Hoang Nguyen

    Downeast Realty, Inc.

See All Agents

Map

Source: Maine Listings

MLS Number: 1574147

Maine Listings

APN: SPOR-000063-000000-000066

Maine Cumberland County South Portland 04106 Highland

50 Memory Ln, South Portland, ME

Not Listed for Sale

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