NOT LISTED FOR SALE

593 Forest Ave Portland, ME 04101

Back Cove Neighborhood

Estimated Value: $819,739

-- Bed
4 Baths
4,398 Sq Ft
$186/Sq Ft Est. Value

Last Sold September 16, 2019

Last sale price $548,500 $125 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,288/month

36 Days on Market

Highlights

  • Property is near public transit
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Corner Lot
  • Baseboard Heating

About This Home

As of September 2019

Great three unit multi-family building in convenient location! Corner lot close to Back Cove, USM, I295 and many area amenities. Large apartments offering hardwood floors and tile kitchens. Newer roof, siding and windows, off-street parking for 3 cars, and coin-op laundry in the building. Also includes 480 SF commercial space that is currently used for storage. This is a great investment opportunity!

Last Agent to Sell the Property

Brian Linscott

Linscott Real Estate Listed on: 06/23/2019

Last Buyer's Agent

Alexander Coupe

Dan Anderson Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,089

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 4 Full Bathrooms
  • 4,398 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Tile

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number PTLD-000125-000000-O008001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Coin Laundry
  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,089

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: 593 Forest Avenue.
  • Above Grade Finished Sq Ft: 4398.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.08
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4398.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: 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
  • Basement Entry:Interior: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 45600.0
  • Exterior:Aluminum Siding: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Tile
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Shopping, Near Public Transit
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 3484.8
  • Parcel #: PTLD-000125-000000-O008001
  • Zoning: Multi-use Commercial

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 45600.0

Tax Info

  • Tax Annual Amount: 5089.0
  • Tax Book Number: 14438
  • Tax Lot: 8
  • Tax Map Number: 128
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2019
Closed on
Sep 16, 2019
Sold by
Glusti Nicholas 3Rd Est
Bought by
Thorne Ethan
Seller's Agent
Brian Linscott
Linscott Real Estate
Buyer's Agent
Alexander Coupe
Dan Anderson Real Estate, Inc.
List Price
$599,000
Sold Price
$548,500
Premium/Discount to List
-$50,500
-8.43%
Total Days on Market
36
Current Estimated Value
$819,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,239
Avg. Annual Appreciation
7.53%
Original Mortgage
$538,564
Interest Rate
3.7%
Mortgage Type
FHA
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
Thorne Ethan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thorne Ethan $540,000
Closed Thorne Ethan E $537,502
Closed Thorne Ethan $538,564
Previous Owner Giusti 3Rd Nicholas $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2019 09/16/19 Sold $548,500 -8.4% $125 / Sq Ft
07/30/2019 07/30/19 Pending -- -- --
06/23/2019 06/23/19 For Sale $599,000 -- $136 / 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 $8,233 $548,500 $151,300 $397,200
2023 $7,904 $548,500 $151,300 $397,200
2022 $7,465 $548,500 $151,300 $397,200
2021 $7,917 $609,500 $151,300 $458,200
2020 $5,277 $226,400 $108,100 $118,300
2019 $5,277 $226,400 $108,100 $118,300
2018 $4,902 $226,400 $108,100 $118,300
2017 $4,902 $226,400 $108,100 $118,300
2016 $4,779 $226,400 $108,100 $118,300
2015 $4,671 $226,400 $108,100 $118,300
2014 $4,528 $226,400 $108,100 $118,300
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brian Linscott

    Linscott Real Estate

    (207) 329-2915

    110 Total Sales

    Brian Linscott
    Section Image
  • Alexander Coupe

    Buyer's Agent in 2019

    Alexander Coupe

    Dan Anderson Real Estate, Inc.

    (207) 838-4546

    2 in this area

    74 Total Sales

    Alexander Coupe
    Section Image
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Map

Source: Maine Listings

MLS Number: 1421306

Maine Listings

APN: PTLD-000125-000000-O008001

Maine Cumberland County Portland 04101 Back Cove

593 Forest Ave, Portland, ME

This home is located at 593 Forest Ave, Portland, ME 04101 since 23 June 2019 and is currently estimated at $819,739, approximately $186 per square foot. This property was built in 1900. 593 Forest Ave is a home located in Cumberland County with nearby schools including Ocean Avenue Elementary School, Lyman Moore Middle School, and Baxter Academy for Tech & Sciences.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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