NOT LISTED FOR SALE

Estimated Value: $800,000 - $818,000

6 Beds
3 Baths
2,854 Sq Ft
$283/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $625,000 $219 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,126/month

6 Days on Market

Highlights

  • Deck
  • No HOA
  • Baseboard Heating
  • Wood Flooring
  • Walk-In Closet
  • 4-minute walk to Fesseden Park

About This Home

As of December 2021

Large three unit investment property in a great location. Only a quick walk to the USM campus, Back Bay Boulevard, restaurants and Downtown Portland; while still located in a quiet neighborhood. Each unit has two bedrooms, hardwood flooring, off-street parking and separate storage. All utilities have separate heat, hot water and electric. Heating units are efficient natural gas; The first floor unit's wall boiler was installed in August 2021. Roof redone in 2016. Perfect three unit for an owner-occupied buyer or an investor looking to add another property to their portfolio.

Last Agent to Sell the Property

Ashley Kilmartin

Landing Real Estate Brokerage Phone: 207-838-9199 Listed on: 11/08/2021

Landing Real Estate

Last Buyer's Agent

Andrew Snyder

Regency Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,359

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,854 Sq Ft Home
  • Multi-Level Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Deck
  • City Lot

Listing and Financial Details

  • Legal Lot and Block 25-001 / C
  • Assessor Parcel Number PTLD-000116-C000023-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $10,345
  • Gross Income $46,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,359

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2854.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1890
  • Attribution Contact: 207-838-9199
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2854.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 46200.0
  • Income Expenses Operating Expenses: 10345.0
  • Style:Multi-Level: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Heat System:Direct Vent Heater: Yes
  • Foundation Materials:Granite2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Doghouse, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: Walk-In Closet(s)
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: PTLD-000116-C000023-000001
  • Zoning: R5

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 46200.0
  • Annual Operating Expense: 10345.0

Tax Info

  • Tax Annual Amount: 7359.0
  • Tax Block: C
  • Tax Book Number: 24731
  • Tax Lot: 25-001
  • Tax Map Number: 116
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Dec 30, 2021
Sold by
Bates Emily A
Bought by
Liu Yong and Jinfan-Chen Jane
Seller's Agent
Ashley Kilmartin
Landing Real Estate
Buyer's Agent
Andrew Snyder
Regency Real Estate, Inc.
List Price
$659,000
Sold Price
$625,000
Premium/Discount to List
-$34,000
-5.16%
Current Estimated Value
$803,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,497
Avg. Annual Appreciation
6.52%
Original Mortgage
$468,750
Outstanding Balance
$436,400
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$348,794

Purchase Details

Closed on
Jan 5, 2007
Sold by
Bates Frederick A
Bought by
Bates Emily A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,179
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
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
Liu Yong -- None Available
Bates Emily A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Yong $468,750
Previous Owner Bates Emily A $277,500
Previous Owner Bates Emily A $308,179
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $625,000 -5.2% $219 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $659,000 -- $231 / 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 $8,269 $550,900 $92,700 $458,200
2023 $7,938 $550,900 $92,700 $458,200
2022 $7,498 $550,900 $92,700 $458,200
2021 $7,156 $550,900 $92,700 $458,200
2020 $7,359 $315,700 $87,200 $228,500
2019 $7,359 $315,700 $87,200 $228,500
2018 $7,097 $315,700 $87,200 $228,500
2017 $6,835 $315,700 $87,200 $228,500
2016 $6,664 $315,700 $87,200 $228,500
2015 $6,513 $315,700 $87,200 $228,500
2014 -- $315,700 $87,200 $228,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1514234

Maine Listings

APN: PTLD-000116-000000-C023001