NOT LISTED FOR SALE

Estimated Value: $639,000 - $769,000

4 Beds
2 Baths
2,208 Sq Ft
$311/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $535,000 $242 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,451/month

78 Days on Market

Highlights

  • Deck
  • Post and Beam
  • No HOA
  • Property is near public transit
  • Wood Flooring
  • Porch

About This Home

As of May 2021

Don't miss this wonderful opportunity to get into centrally located, multifamily property, situated just a stones throw away from the popular Thompson's Point area. With easy accessibility to downtown Portland and all that the city offers, public transportation, shopping and restaurants... this is a great owner occupied, or investment property. Ample off street parking for each unit. Due to Covid-19 restrictions, all showings must follow Maine CDC suggested guidelines with masks, shoe coverings and gloves. Group showings scheduled for 2/6 from 11-3pm and 2/10 & 2/11 from 11-1pm, and 2/13 from 11-3.

Last Agent to Sell the Property

Erik Carlson

Beacon Realty Listed on: 02/04/2021

Last Buyer's Agent

Erik Carlson

Benchmark Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,014

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • Post and Beam
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,208 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate

Basement

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

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Shed
  • Porch

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Internet Available
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 186/C/14
  • Assessor Parcel Number PTLD-000186-C000014-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,824
  • Gross Income $44,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,014

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • MLS Status: Closed
  • Directions: Congress St to Whitney Ave, to #51-53
  • Above Grade Finished Sq Ft: 2208.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1927
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2208.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 44000.0
  • Income Expenses Operating Expenses: 9824.0
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Satellite Dish: Yes
  • Heat System:Direct Vent Heater: Yes
  • Construction:Post Beam: Yes
  • Location:Near Railroad: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Building Info:_pound_ Floors3: 3
  • Other Structures:Shed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Doghouse, Interior Entry
  • Full Bathrooms: 2
  • Flooring: Wood, Laminate
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Near Turnpike/Interstate, Near Town, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Shingle Siding, Post & Beam, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • 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

Schools

  • Junior High Dist: Portland Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: PTLD-000186-C000014-000001
  • Zoning: R5

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 44000.0
  • Annual Operating Expense: 9824.0

Tax Info

  • Tax Annual Amount: 6014.0
  • Tax Book Number: 28723
  • Tax Lot: 186/C/14
  • Tax Map Number: 186-C-14
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2021
Closed on
May 28, 2021
Sold by
Toomey Patrick
Bought by
Young Joseph M
Seller's Agent
Erik Carlson
Beacon Realty
Buyer's Agent
Erik Carlson
Benchmark Real Estate
List Price
$525,000
Sold Price
$535,000
Premium/Discount to List
$10,000
1.9%
Total Days on Market
78
Current Estimated Value
$687,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,177
Avg. Annual Appreciation
5.92%
Original Mortgage
$522,588
Outstanding Balance
$478,928
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$195,121

Purchase Details

Closed on
May 27, 2011
Sold by
Petersen Mary E
Bought by
Toomey Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,997
Interest Rate
4.85%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Young Joseph M -- None Available
Toomey Patrick -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Joseph M $522,588
Previous Owner Toomey Patrick J $249,997
Previous Owner Toomey Patrick $249,997
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $535,000 +1.9% $242 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $525,000 -- $238 / 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 $7,116 $474,100 $93,100 $381,000
2023 $6,832 $474,100 $93,100 $381,000
2022 $6,453 $474,100 $93,100 $381,000
2021 $6,159 $474,100 $93,100 $381,000
2020 $6,014 $258,000 $87,600 $170,400
2019 $6,014 $258,000 $87,600 $170,400
2018 $5,586 $258,000 $87,600 $170,400
2017 $5,586 $258,000 $87,600 $170,400
2016 $5,446 $258,000 $87,600 $170,400
2015 $5,323 $258,000 $87,600 $170,400
2014 $5,160 $258,000 $87,600 $170,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1481324

Maine Listings

APN: PTLD-000186-000000-C014001