NOT LISTED FOR SALE

Estimated Value: $601,096 - $705,000

3 Beds
2 Baths
2,086 Sq Ft
$307/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $470,000 $225 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,885/month

5 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Colonial Architecture
  • Wood Flooring
  • Dora L. Small Elementary School Rated 9+
  • Deck
  • 3-minute walk to School Street Playground

About This Home

As of May 2021

Just Listed in Ferry Village: A Turn-Key Owner Occupy or Investment Property Dream. 7 Preble Street has been meticulously maintained and tastefully updated. This sunny 2-Unit has two charming 2 bed/1 bath apartments. Unit 1 has a thoughtful full-floor layout, spacious rooms, hardwood floors, and a new refrigerator. The second-floor unit had a complete renovation in 2016 including a brand-new kitchen with stainless steel appliances, granite countertops, in-unit washer & dryer, and a restoration of the chimney's exposed brick. The primary bedroom has a walk-in closet and a home office. The newly painted spiral staircase leads up to the second bedroom with a separate reading room. Enjoy a newly fenced-in yard in an unbeatable location with close proximity to the Green Belt, Bug Light Park, Willard Beach, and the Old Port. All offers due by Monday 3/29 at 5:00 PM.

Last Agent to Sell the Property

Lauren Jones

F.O. Bailey Real Estate Listed on: 03/24/2021

Last Buyer's Agent

Roz Siegel

RE/MAX By The Bay

RE/MAX By The Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,152

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Fenced
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Colonial Architecture
  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,086 Sq Ft Home
  • 3-Story Property
  • Water Views
  • Laundry on upper level

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Basement

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

Parking

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

Outdoor Features

  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number SPOR-000006-000000-000101

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Ferry Village Subdivision

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $6,263
  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,152

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • Water Body Name: Portland Harbor
  • MLS Status: Closed
  • Subdivision Name: Ferry Village
  • Directions: East on Broadway, left on Stanford to the end, right on Front Street to Preble Street, and 7 Preble on right, right after Webster Ct.
  • Above Grade Finished Sq Ft: 2086.0
  • Architectural Style: Duplex, Colonial, New Englander
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2086.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: 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
  • Amenities:Fence: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Roof:Composition2: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 31200.0
  • Income Expenses Operating Expenses: 6263.0
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Style:Colonial: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Doghouse
  • Full Bathrooms: 2
  • Flooring: Wood, Tile, Carpet
  • Interior Amenities: Walk-In Closet(s), Storage
  • Stories: 3
  • Full Basement: Yes
  • Appliances:Water Heater Rented: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot, Level, Sidewalks, Landscaped, Neighborhood
  • Waterfront Features: Harbor
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Deck, Patio
  • Roof: Composition, Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Air
  • 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: 3920.4
  • Parcel #: SPOR-000006-000000-000101
  • Zoning: G

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 31200.0
  • Annual Operating Expense: 6263.0

Tax Info

  • Tax Annual Amount: 4152.0
  • Tax Book Number: 32566
  • Tax Lot: 101
  • Tax Map Number: 006
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
May 7, 2021
Sold by
Saunders Realty Llc
Bought by
Bass-Clark David P
Seller's Agent
Lauren Jones
F.O. Bailey Real Estate
Buyer's Agent
Roz Siegel
RE/MAX By The Bay
List Price
$445,000
Sold Price
$470,000
Premium/Discount to List
$25,000
5.62%
Current Estimated Value
$636,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,055
Avg. Annual Appreciation
7.16%
Original Mortgage
$352,500
Outstanding Balance
$319,453
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$320,821

Purchase Details

Listed on
Jul 27, 2015
Closed on
Sep 3, 2015
Sold by
Moulton Deborah C
Bought by
Saunders Realty Llc
Seller's Agent
Lisa Guerette
Century 21 North East
Buyer's Agent
Mony Hang
Maine Coast Properties, Inc.
List Price
$259,000
Sold Price
$239,500
Premium/Discount to List
-$19,500
-7.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%

Purchase Details

Closed on
Jun 3, 2013
Sold by
Ocean Dreams Llc
Bought by
Hannaford Susan J

Purchase Details

Closed on
Oct 9, 2007
Sold by
Bradley Stephen M and Bradley Nicola J
Bought by
Moulton Deborah C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,450
Interest Rate
6.59%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Bass-Clark David P -- None Available
Saunders Realty Llc -- --
Hannaford Susan J -- --
Moulton Deborah C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bass-Clark David P $352,500
Previous Owner Moulton Deborah C $223,785
Previous Owner Moulton Deborah C $218,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/07/2021 05/07/21 Sold $470,000 +5.6% $225 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $445,000 +85.8% $213 / Sq Ft
09/02/2015 09/02/15 Sold $239,500 -7.5% $115 / Sq Ft View Prior Sale
08/14/2015 08/14/15 Pending -- -- --
07/27/2015 07/27/15 For Sale $259,000 -- $124 / 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 $6,266 $474,700 $176,400 $298,300
2023 $5,344 $377,900 $117,900 $260,000
2022 $5,111 $328,500 $94,300 $234,200
2021 $4,829 $328,500 $94,300 $234,200
2020 $4,294 $217,400 $72,500 $144,900
2019 $4,055 $217,400 $72,500 $144,900
2018 $3,940 $217,400 $72,500 $144,900
2017 $3,913 $217,400 $72,500 $144,900
2016 $3,731 $210,800 $65,900 $144,900
2015 $3,797 $218,200 $65,900 $152,300
2014 $3,560 $218,200 $65,900 $152,300
2013 -- $218,200 $65,900 $152,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1485334

Maine Listings

APN: SPOR-000006-000000-000101