Seller's Agent in 2022
Lauren Jones
F.O. Bailey Real Estate
(207) 781-1111
1 in this area
72 Total Sales
58 Douglass St Portland, ME 04102
Libbytown NeighborhoodEstimated Value: $481,740 - $672,000
6
Beds
2
Baths
2,462
Sq Ft
$233/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- Baseboard Heating
- New Englander Architecture
- Forced Air Heating System
- Open Lot
About This Home
As of August 2022ATTENTION Fix & Flippers and Buy & Holders and Brokers with Fix/Flip/Investor Clients - we priced this for you! 13% CAP RATE! This is the least expensive multi-unit for sale in Portland. This property needs a renovation but the bones, layout, bedroom count, and location are 100% there to make this a viable investment with excellent cash flow. Downstairs is a large 2-bedroom layout (condition isn't bad) and upstairs is a 5 bedroom layout (this is the one that needs more work). The property is being sold AS-IS. 58 Douglass Street is conveniently located next to the massive Dougherty Park and right at the neck of the Portland Peninsula with fast access to I-295. Seller is willing to credit the buyer a significant monetary amount for lead paint abatement -- please inquire for more details.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,947
Year Built
- Built in 1930
Lot Details
- 2,614 Sq Ft Lot
- Open Lot
Home Design
- Duplex
- New Englander Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Wood Siding
- Clap Board Siding
- Vinyl Siding
- Clapboard
Interior Spaces
- 2 Full Bathrooms
- 2,462 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- Common or Shared Parking
- Shared Driveway
- Off-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 27 / A
- Assessor Parcel Number PTLD-000078-A000027-000001
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $1,200
- Gross Income $64,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 24, 2023
Sold by
Koops Property Group Llc
Bought by
Koops Todd
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$409,596
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$145,350
Purchase Details
Closed on
Nov 2, 2022
Sold by
Koops Todd
Bought by
Koops Property Group Llc
Purchase Details
Listed on
Jun 25, 2022
Closed on
Aug 24, 2022
Sold by
58 Douglass St Llc
Bought by
Koops Todd
Seller's Agent
Lauren Jones
F.O. Bailey Real Estate
Buyer's Agent
Jacquelyn Harris
Keller Williams Realty
List Price
$389,000
Sold Price
$387,500
Premium/Discount to List
-$1,500
-0.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.50%
Original Mortgage
$290,625
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
May 7, 2018
Closed on
Jun 26, 2018
Sold by
Ford Thomas J
Bought by
58 Douglass Street Llc
Seller's Agent
William Sullivan
Keller Williams Realty
Buyer's Agent
Ali Kargar
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$285,000
Sold Price
$284,000
Premium/Discount to List
-$1,000
-0.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$213,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Koops Todd | -- | None Available | |
| Koops Property Group Llc | -- | None Available | |
| Koops Todd | $387,500 | None Available | |
| 58 Douglass Street Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Koops Todd | $420,000 | |
| Previous Owner | Koops Todd | $290,625 | |
| Previous Owner | 58 Douglass Street Llc | $213,000 | |
| Previous Owner | Ford Thomas J | $215,060 | |
| Previous Owner | Ford Thomas | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2022 08/26/22 | Sold | $387,500 | -0.4% | $157 / Sq Ft |
| 07/15/2022 07/15/22 | Pending | -- | -- | -- |
| 06/10/2022 06/10/22 | For Sale | $389,000 | +37.0% | $158 / Sq Ft |
| 06/22/2018 06/22/18 | Sold | $284,000 | -0.4% | $115 / Sq Ft |
| 05/11/2018 05/11/18 | Pending | -- | -- | -- |
| 05/07/2018 05/07/18 | For Sale | $285,000 | -- | $116 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $5,716 | $380,800 | $88,500 | $292,300 |
| 2023 | $5,487 | $380,800 | $88,500 | $292,300 |
| 2022 | $5,183 | $380,800 | $88,500 | $292,300 |
| 2021 | $4,947 | $380,800 | $88,500 | $292,300 |
| 2020 | $5,455 | $234,000 | $83,000 | $151,000 |
| 2019 | $5,455 | $234,000 | $83,000 | $151,000 |
| 2018 | $5,066 | $234,000 | $83,000 | $151,000 |
| 2017 | $5,066 | $234,000 | $83,000 | $151,000 |
| 2016 | $4,940 | $234,000 | $83,000 | $151,000 |
| 2015 | $4,827 | $234,000 | $83,000 | $151,000 |
| 2014 | $4,680 | $234,000 | $83,000 | $151,000 |
Source: Public Records
Agents Affiliated with this Home
-
Lauren Jones
-
Jacquelyn Harris
J
Buyer's Agent in 2022
Jacquelyn Harris
Keller Williams Realty
(207) 879-9800
1 in this area
11 Total Sales
-
William Sullivan
W
Seller's Agent in 2018
William Sullivan
Keller Williams Realty
(207) 879-9800
25 Total Sales
-
A
Buyer's Agent in 2018
Ali Kargar
Better Homes & Gardens Real Estate/The Masiello Group
Map
Source: Maine Listings
MLS Number: 1531854
APN: PTLD-000078-000000-A027001
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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