Seller's Agent in 2019
Tom Landry
Benchmark Real Estate
(207) 775-0248
16 in this area
331 Total Sales
62 Ocean Ave Portland, ME 04103
Back Cove NeighborhoodEstimated Value: $729,000 - $905,000
3
Beds
3
Baths
2,650
Sq Ft
$305/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Country Club
- Property is near public transit
- Public Beach
- Deck
- 1-minute walk to Heseltine Park
About This Home
As of November 2019This is the perfect (literally in nearly every way) condo or single family alternative. Referring to this remarkable home as a 'multi-family' is to down play its quality, livability and significant updates/upgrades. Both units are very high quality, but the owners unit is the crown jewell. From the chef inspired kitchen and spa-worthy master bath to the sun-filled deck and mini-split heat pumps (super efficient heat & ac) this is luxury living. The location is already amazing but poised for further gentrifications. The lovely and private yard with fire-pit directly abuts Heseltine Park and is a short walk to: Baxter Blvd. Ocean Elementary and all the shops, bakeries, galleries and boutiques of Woodfords Corner. 2nd fl 2-3br, 2bth owners unit with a market rate of $2,495. 1st fl - 1br, 1bth rental is currently rented for $2,200.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,380
Year Built
- Built in 1880
Lot Details
- 0.32 Acre Lot
- Public Beach
- Landscaped
- Level Lot
- Open Lot
Home Design
- Victorian Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Composition Roof
- Asbestos Siding
- Asbestos
Interior Spaces
- 2,650 Sq Ft Home
- 3-Story Property
- Washer and Dryer Hookup
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Deck
Location
- Property is near public transit
- Property is near a golf course
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Heat Pump System
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Legal Lot and Block 8 / C
- Assessor Parcel Number PTLD-000129-000000-C008001
Community Details
Overview
- No Home Owners Association
- 2 Units
- Back Cove Subdivision
Amenities
- Community Storage Space
Recreation
- Country Club
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 2, 2025
Sold by
Chabot Shawn M and Chabot Carol A
Bought by
Chabot Shawn M
Current Estimated Value
Purchase Details
Closed on
Mar 22, 2025
Sold by
Chabot Shawn M
Bought by
Chabot Prop Holdings Llc
Purchase Details
Listed on
Sep 18, 2019
Closed on
Nov 22, 2019
Sold by
Schutt Louise S and Schutt James M
Bought by
Chabot Carol A and Chabot Shawn M
Seller's Agent
Tom Landry
Benchmark Real Estate
Buyer's Agent
Clayton Larochelle
Fontaine Family-The Real Estate Leader
List Price
$579,000
Sold Price
$550,000
Premium/Discount to List
-$29,000
-5.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%
Original Mortgage
$300,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 28, 2016
Closed on
Sep 16, 2016
Sold by
Donelson Louisa
Bought by
Schutt James M and Schutt Louise S
Seller's Agent
Tom Landry
Benchmark Real Estate
Buyer's Agent
Tim Flaherty
The Flaherty Group
List Price
$409,000
Sold Price
$390,000
Premium/Discount to List
-$19,000
-4.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%
Original Mortgage
$312,000
Interest Rate
3.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 27, 2008
Sold by
Peters Palmer and Conley 3Rd William T
Bought by
Adshead Michelle E and Adshead Christopher E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,520
Interest Rate
5.94%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Chabot Shawn M | -- | None Available | |
| Chabot Shawn M | -- | None Available | |
| Chabot Prop Holdings Llc | -- | None Available | |
| Chabot Prop Holdings Llc | -- | None Available | |
| Chabot Carol A | -- | -- | |
| Chabot Carol A | -- | -- | |
| Schutt James M | -- | -- | |
| Schutt James M | -- | -- | |
| Adshead Michelle E | -- | -- | |
| Adshead Michelle E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chabot Shawn M | $290,850 | |
| Previous Owner | Chabot Carol A | $300,000 | |
| Previous Owner | Schutt James M | $312,000 | |
| Previous Owner | Donelson Louisa | $224,000 | |
| Previous Owner | Adshead Michelle E | $227,520 | |
| Previous Owner | Peters Palmer | $238,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2019 11/22/19 | Sold | $550,000 | -5.0% | $208 / Sq Ft |
| 10/24/2019 10/24/19 | Pending | -- | -- | -- |
| 09/18/2019 09/18/19 | For Sale | $579,000 | +48.5% | $218 / Sq Ft |
| 09/15/2016 09/15/16 | Sold | $390,000 | -4.6% | $147 / Sq Ft |
| 08/04/2016 08/04/16 | Pending | -- | -- | -- |
| 07/28/2016 07/28/16 | For Sale | $409,000 | -- | $154 / 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 | $7,549 | $502,900 | $72,900 | $430,000 |
| 2023 | $7,247 | $502,900 | $72,900 | $430,000 |
| 2022 | $6,844 | $502,900 | $72,900 | $430,000 |
| 2021 | $6,533 | $502,900 | $72,900 | $430,000 |
| 2020 | $6,650 | $285,300 | $74,900 | $210,400 |
| 2019 | $6,650 | $285,300 | $74,900 | $210,400 |
| 2018 | $5,737 | $283,800 | $74,900 | $208,900 |
| 2017 | $6,144 | $283,800 | $74,900 | $208,900 |
| 2016 | $5,045 | $239,000 | $74,900 | $164,100 |
| 2015 | $4,931 | $239,000 | $74,900 | $164,100 |
| 2014 | $4,780 | $239,000 | $74,900 | $164,100 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Landry
-
Clayton Larochelle
Buyer's Agent in 2019
Clayton Larochelle
Fontaine Family-The Real Estate Leader
(207) 576-6524
253 Total Sales
-
Tim Flaherty
Buyer's Agent in 2016
Tim Flaherty
The Flaherty Group
(207) 671-3682
61 Total Sales
Map
Source: Maine Listings
MLS Number: 1433465
APN: PTLD-000129-000000-C008001
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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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