NOT LISTED FOR SALE

701 Chandlers Wharf Unit 701 Portland, ME 04101

Downtown Portland Neighborhood

Estimated Value: $647,000 - $733,000

2 Beds
2 Baths
969 Sq Ft
$514/mo HOA Fee

Last Sold October 16, 2023

Last sale price $600,000 $619 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,967/month

9 Days on Market

Highlights

  • Ocean Front
  • Deep Water Access
  • Property is near public transit
  • Docks
  • Deck
  • Wood Flooring

About This Home

As of October 2023

Incredible opportunity for your custom remodel. Discover the potential of this first-floor, single-level condo with breathtaking harbor views! Sits directly on the harbor with spectacular views of marine traffic and the city. Embrace the chance to transform this gem into your very own downtown Portland retreat or a highly sought-after investment property. Located in the heart of Commercial Street waterfront, this 2-bedroom, 2-bath condo puts you right in the heart of all the action the Old Port has to offer. Chandlers Wharf is surrounded by world-acclaimed eateries, breweries, art galleries, and trendy shopping boutiques, all within walking distance. This unit offers the ultimate convenience and privacy with its own first floor direct entry. Enjoy the luxury of a designated covered parking space and the peace of mind provided by a 24/7 gated guardhouse. Capture the beauty of the morning sunrise or the serenity of an evening sunset from the beautifully landscaped patio area at the end of the wharf, equipped with comfortable seating for your relaxation. The location couldn't be more perfect! Just minutes away from the Portland Jetport, Downeaster/Trailways transit station, and I-95, you'll enjoy seamless connectivity to all your travel needs. Don't miss out on this rare opportunity to make this condo your own!

Last Agent to Sell the Property

Elisabeth Bostwick

Bostwick and Company, Inc. Listed on: 07/21/2023

Last Buyer's Agent

Seth Blanchard

EXP Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,107

Year Built

  • Built in 1988

Lot Details

  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Open Lot

HOA Fees

  • $514 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking
  • Reserved Parking

Property Views

  • Water
  • Scenic Vista

Home Design

  • Garden Apartment
  • Brick Exterior Construction
  • Concrete Foundation
  • Shingle Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 969 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deep Water Access
  • Docks
  • Deck

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2-3 / J
  • Assessor Parcel Number PTLD-000031-J000002-000071

Community Details

Overview

  • 7 Buildings
  • 19 Units
  • The community has rules related to deed restrictions

Amenities

  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,107

Year Built

Built in 1988

Lot Details

0

HOA Fees

$514 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Water Body Name: Casco Bay, Atlantic Ocean
  • MLS Status: Closed
  • Directions: Commercial Street to Chandlers Wharf. Security guard will direct you to visitor parking.
  • Above Grade Finished Sq Ft: 969.0
  • Architectural Style: Garden
  • Garage Yn: Yes
  • Year Built: 1988
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 969.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: 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
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 514.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 1.0
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 19
  • Style:Garden: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Living Room:Living Room: Yes
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Waterfront Deep: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Heater:Tank: Yes
  • Exterior:Brick: Yes
  • Transportation:Deep Water Access: Yes
  • Recreational Water:Dock: Yes
  • Transportation:Public Transport Access: Yes
  • Condominium:_pound_ of Buildings: 7
  • Condominium:VA Certification: No
  • Construction:Masonry: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 7
  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living, Other, Shower, Storage
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Public Transit
  • View: Scenic
  • Waterfront Features: Bay, Harbor, Ocean
  • Waterfront: Yes
  • Construction Type: Brick, Masonry
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Common, On Site, Detached, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 514.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Parcel #: PTLD-000031-J000002-000071
  • Zoning: WCZ

Multi Family

  • Number Of Units In Community: 19

Tax Info

  • Tax Annual Amount: 7107.0
  • Tax Block: J
  • Tax Book Number: 20494
  • Tax Lot: 2-3
  • Tax Map Number: 31
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Oct 16, 2023
Sold by
Boxer Sara K
Bought by
Badillo Jeffrey
Seller's Agent
Elisabeth Bostwick
Bostwick and Company, Inc.
Buyer's Agent
Seth Blanchard
EXP Realty
List Price
$659,500
Sold Price
$600,000
Premium/Discount to List
-$59,500
-9.02%
Current Estimated Value
$694,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,039
Avg. Annual Appreciation
6.37%
Original Mortgage
$600,000
Outstanding Balance
$589,774
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$82,004
Source: Public Records

Range of Values:

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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
Badillo Jeffrey $600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Badillo Jeffrey $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $600,000 -9.0% $619 / Sq Ft
07/30/2023 07/30/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $659,500 -- $681 / 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 $7,838 $522,200 $104,440 $417,760
2023 $7,525 $522,200 $104,440 $417,760
2022 $7,107 $522,200 $104,440 $417,760
2021 $6,783 $522,200 $104,440 $417,760
2020 $5,772 $247,600 $49,800 $197,800
2019 $5,772 $247,600 $49,800 $197,800
2018 $5,566 $247,600 $49,800 $197,800
2017 $5,361 $247,600 $49,800 $197,800
2016 $5,227 $247,600 $49,800 $197,800
2015 $5,108 $247,600 $49,800 $197,800
2014 $4,952 $247,600 $49,800 $197,800
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Elisabeth Bostwick

    Bostwick and Company, Inc.

    (207) 767-2224

    1 in this area

    10 Total Sales

    Section Image

  • S

    Buyer's Agent in 2023

    Seth Blanchard

    EXP Realty

    (207) 558-5885

    1 in this area

    14 Total Sales

    Section Image
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Map

Source: Maine Listings

MLS Number: 1566223

Maine Listings

APN: PTLD-000031-000000-J002071

Maine Cumberland County Portland 04101 Downtown Portland

701 Chandlers Wharf Unit 701, Portland, ME

This home is located at 701 Chandlers Wharf Unit 701, Portland, ME 04101 since 21 July 2023 and is currently estimated at $687,992, approximately $710 per square foot. This property was built in 1988. 701 Chandlers Wharf Unit 701 is a home located in Cumberland County with nearby schools including Reiche Community School, King Middle School, and Baxter Academy for Tech & Sciences.

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