NOT LISTED FOR SALE

56 Ocean Ave Portland, ME 04103

Back Cove Neighborhood

Estimated Value: $695,000 - $898,000

4 Beds
2 Baths
2,384 Sq Ft
$343/Sq Ft Est. Value

Last Sold March 27, 2015

Last sale price $301,500 $126 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $4,870/month

135 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System
  • Wood Flooring
  • Enclosed Glass Porch
  • 1-minute walk to Heseltine Park

About This Home

As of March 2015

Immaculate 2-unit in Deering, just outside of Woodfords Corner. Updated in 1998, tenants pay gas FHA heat and gas hot water. Plenty of parking and great yard that borders on a City park. Well maintained, turn-key operation.

Last Agent to Sell the Property

Andrew Snyder

Benchmark Real Estate Listed on: 10/03/2014

Last Buyer's Agent

Sherrie Benner

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,616

Year Built

  • Built in 1910

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,384 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Glass Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block C011 / 129
  • Assessor Parcel Number 56Ocean AvenuePortlandI7SE129C011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,616

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: North on Forest Ave to right on to Ocean Ave. #56 is on the left, just past Irving Street. Driveway is between #56 and #62
  • Above Grade Finished Sq Ft: 2384.0
  • Architectural Style: Colonial
  • Building Stories: 2
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 126.47
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.19
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2384.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Parking:On Site2: Yes
  • Style:Colonial: Yes
  • Parking:Paved3: Yes
  • Exterior:Aluminum Siding: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Advertising Remarks:Advertising Remarks: Immaculate 2-unit in Deering, just outside of Woodfords Corner. Close to restaurants, shopping and Baxter Boulevard. Updated in 1998, tenants pay nat. gas FHA heat and nat. gas hot water. Plenty of parking and great yard that borders on Heseltine Park. Well maintained, turn-key operation.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Composition
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Glass Enclosed
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.4
  • Parcel #: 56Ocean AvenuePortlandI7SE129C011
  • Zoning: R-5

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4616.0
  • Tax Block: 129
  • Tax Lot: C011
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2014
Closed on
Apr 1, 2015
Sold by
Obrion David C
Bought by
Vierra Matthew R
Seller's Agent
Andrew Snyder
Benchmark Real Estate
Buyer's Agent
Sherrie Benner
Keller Williams Realty
List Price
$314,000
Sold Price
$301,500
Premium/Discount to List
-$12,500
-3.98%
Current Estimated Value
$817,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,912
Avg. Annual Appreciation
9.76%
Original Mortgage
$295,548
Interest Rate
3.62%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vierra Matthew R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Vierra Matthew R $295,548
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2015 03/27/15 Sold $301,500 -4.0% $126 / Sq Ft
02/16/2015 02/16/15 Pending -- -- --
10/03/2014 10/03/14 For Sale $314,000 -- $132 / 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 $6,993 $465,900 $69,000 $396,900
2023 $6,714 $465,900 $69,000 $396,900
2022 $6,341 $465,900 $69,000 $396,900
2021 $6,052 $465,900 $69,000 $396,900
2020 $5,380 $230,800 $69,000 $161,800
2019 $5,380 $230,800 $69,000 $161,800
2018 $5,188 $230,800 $69,000 $161,800
2017 $4,997 $230,800 $69,000 $161,800
2016 $4,872 $230,800 $69,000 $161,800
2015 $4,761 $230,800 $69,000 $161,800
2014 $4,616 $230,800 $69,000 $161,800
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Andrew Snyder

    Benchmark Real Estate

    Section Image

  • S

    Buyer's Agent in 2015

    Sherrie Benner

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1156368

Maine Listings

APN: PTLD-000129-000000-C011001

Maine Cumberland County Portland 04103 Back Cove

56 Ocean Ave, Portland, ME

Not Listed for Sale

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