NOT LISTED FOR SALE

501 Cumberland Ave Unit 3 Portland, ME 04101

Parkside Neighborhood

Estimated Value: $311,000 - $346,000

1 Bed
1 Bath
550 Sq Ft
$177/mo HOA Fee

Last Sold July 01, 2019

Last sale price $202,500 $368 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,322/month

7 Days on Market

Highlights

  • 4,820 Acre Lot
  • Property is near public transit
  • Main Floor Bedroom
  • Deck
  • Wood Flooring
  • 4-minute walk to Deering Oaks Park

About This Home

As of July 2019

Located in a thoughtfully restored brick Historic building near Portland's popular arts district! The beautiful garden style unit was converted to a condominium in 2014 and offers an open layout where the sleeping area is separated from the main living area by a partition. The kitchen offers granite counters, maple cabinets, tile backsplash, stainless steel appliances and counter seating. The full bath opens to a large walk in closet with in-unit laundry. Heat and hot water are included in the association fees. The condo also includes deeded storage and an off-street parking spot!

Last Agent to Sell the Property

Megan McShane

Redfin Corporation Listed on: 05/15/2019

Redfin Corporation

Last Buyer's Agent

Drew Gore

Berkshire Hathaway HomeServices Verani Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,772

Year Built

  • Built in 1894

Lot Details

  • 4,820

HOA Fees

  • $177 Monthly HOA Fees

Home Design

  • 550 Sq Ft Home
  • Victorian Architecture
  • Brick Exterior Construction
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Masonry

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Basement

  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Additional Features

  • Granite Countertops
  • Deck
  • Landscaped

Listing and Financial Details

  • Legal Lot and Block 2 / F
  • Assessor Parcel Number PTLD-000048-000000-F020003

Community Details

Overview

  • 3 Units
  • 501 Cumberland Ave Condo Assocation Subdivision

Amenities

  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,772

Year Built

Built in 1894

Lot Details

0

HOA Fees

$177 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 4820.0
  • MLS Status: Closed
  • Subdivision Name: 501 Cumberland Ave Condo Assocation
  • Directions: State Street right on Cumberland #501 on right
  • Above Grade Finished Sq Ft: 550.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Year Built: 1894
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 4820.0
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 550.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 177.0
  • Location Information:Fee Frequency Paid: Monthly
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 3
  • Kitchen Countertop:Granite: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Walk-in Closets: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Exterior:Brick: Yes
  • Cooling:AC Units: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Roof:Slate: Yes
  • Construction:Masonry: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Has Basement: Daylight, Interior Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: Walk-in Closets, 1st Floor Bedroom, Storage

Exterior Features

  • Lot Features: Sidewalks, Landscaped, Intown, Near Public Transit
  • Waterfront: No
  • Construction Type: Brick, Masonry, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Shingle, Slate
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Common, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 177.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 209959200.0
  • Parcel #: PTLD-000048-000000-F020003
  • Zoning: Residential

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 2772.0
  • Tax Block: F
  • Tax Book Number: 35389
  • Tax Lot: 2
  • Tax Map Number: 48
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Jul 2, 2019
Sold by
Sinclair R Stephen
Bought by
Noonan Brian D
Seller's Agent
Megan McShane
Redfin Corporation
Buyer's Agent
Drew Gore
Berkshire Hathaway HomeServices Verani Realty
List Price
$205,000
Sold Price
$202,500
Premium/Discount to List
-$2,500
-1.22%
Current Estimated Value
$342,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,970
Avg. Annual Appreciation
8.64%
Original Mortgage
$162,000
Outstanding Balance
$143,926
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$191,971

Purchase Details

Closed on
Oct 17, 2018
Sold by
Stanton Elizabeth M and Stanton Stephen Sinclair
Bought by
Sinclair R Stephen

Purchase Details

Listed on
May 16, 2018
Closed on
Jun 28, 2018
Sold by
Pellegrini David A and Pellegrini Pamela J
Bought by
Stanton Elizabeth M and Stanton Stephen Sinclair
Seller's Agent
Ann Cianchette
Keller Williams Realty
Buyer's Agent
Ann Cianchette
RE/MAX By The Bay
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%

Purchase Details

Listed on
Jul 10, 2014
Closed on
Aug 27, 2014
Sold by
Blackbeard Llc
Bought by
Pellegrini David A and Pellegrini Pamela J
Seller's Agent
Joe Flynn
The Atlantic Real Estate Network
Buyer's Agent
Ann Cianchette
RE/MAX By The Bay
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$120,000
Interest Rate
4%
Mortgage Type
New Conventional
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
Noonan Brian D -- --
Sinclair R Stephen -- --
Stanton Elizabeth M -- --
Pellegrini David A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noonan Brian D $162,000
Previous Owner Pellegrini David A $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2019 07/01/19 Sold $202,500 -1.2% $368 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $205,000 +10.8% $373 / Sq Ft
06/27/2018 06/27/18 Sold $185,000 -7.0% $336 / Sq Ft
06/15/2018 06/15/18 Pending -- -- --
05/16/2018 05/16/18 For Sale $199,000 +32.7% $362 / Sq Ft
08/22/2014 08/22/14 Sold $150,000 +0.1% $273 / Sq Ft
07/31/2014 07/31/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $149,900 -- $273 / 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 $3,241 $215,900 $43,180 $172,720
2023 $3,111 $215,900 $43,180 $172,720
2022 $2,938 $215,900 $43,180 $172,720
2021 $2,805 $215,900 $43,180 $172,720
2020 $2,874 $123,300 $24,700 $98,600
2019 $2,874 $123,300 $24,700 $98,600
2018 $2,669 $123,300 $24,700 $98,600
2017 $2,669 $123,300 $24,700 $98,600
2016 $2,603 $123,300 $24,700 $98,600
2015 $2,544 $123,300 $24,700 $98,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Megan McShane

    Redfin Corporation

    Section Image

  • D

    Buyer's Agent in 2019

    Drew Gore

    Berkshire Hathaway HomeServices Verani Realty

  • Ann Cianchette

    Seller's Agent in 2018

    Ann Cianchette

    Keller Williams Realty

    (207) 318-5318

    134 Total Sales

    Section Image

  • J

    Seller's Agent in 2014

    Joe Flynn

    The Atlantic Real Estate Network

    (207) 657-1036

    35 Total Sales

    Section Image
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Map

Source: Maine Listings

MLS Number: 1414619

Maine Listings

APN: PTLD-000048-000000-F020003

Maine Cumberland County Portland 04101 Parkside

501 Cumberland Ave Unit 3, Portland, ME

This home is located at 501 Cumberland Ave Unit 3, Portland, ME 04101 since 15 May 2019 and is currently estimated at $327,887, approximately $596 per square foot. This property was built in 1894. 501 Cumberland Ave Unit 3 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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