NOT LISTED FOR SALE

721 Washington Ave Portland, ME 04103

East Deering Neighborhood

Estimated Value: $649,000 - $703,000

6 Beds
2 Baths
2,564 Sq Ft
$263/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $610,000 $238 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,245/month

5 Days on Market

Highlights

  • Property is near public transit
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Corner Lot
  • Cooling Available

About This Home

As of September 2023

Discover an exceptional investment opportunity at 721 Washington Ave., Portland, Maine. This property features two spacious 3-bedroom units, totaling 2,564 sq ft of comfortable living space. With a solid rental history it offers both steady income and strong investment potential.

Nestled close to Payson Park, Back Cove, and downtown amenities, this location is perfect for outdoor enthusiasts and those seeking convenience.

The vacant first-floor unit is an enticing prospect for owner occupancy, providing a unique blend of investment and personal use. Commuting is effortless with quick access to rte 295, and dining options like Montes Fine Foods and Other Side Deli are nearby and Beals Ice Cream adds a sweet touch to warm summer days. Don't miss this chance to invest and potentially reside in a thriving community.

Showings start Friday. Showing windows are Friday 12-2, Saturday 10-12 and Sunday 12-2.

Last Agent to Sell the Property

Bill Corrigall

North Point Realty LLC Listed on: 08/23/2023

Last Buyer's Agent

Randy Ferrell

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,826

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • 2,564 Sq Ft Home
  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Tile

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Baseboard Heating

Additional Features

  • Stove
  • 2 Full Bathrooms
  • Shed
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 1 / C
  • Assessor Parcel Number PTLD-000163A-C000001-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $10,634
  • Gross Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,826

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Corner of Washington Ave and East Kidder.
  • Above Grade Finished Sq Ft: 2564.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2564.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Stove: 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
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 42600.0
  • Income Expenses Operating Expenses: 10634.0
  • Water Heater:Heat Pump2: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Other Structures:Shed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Tile
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Other Structures: Shed(s)
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Stove, Heat Pump, 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: 5662.8
  • Parcel #: PTLD-000163A-C000001-000001
  • Zoning: R5

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 42600.0
  • Annual Operating Expense: 10634.0

Tax Info

  • Tax Annual Amount: 5826.0
  • Tax Block: C
  • Tax Book Number: 32078
  • Tax Lot: 1
  • Tax Map Number: 163A
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Sep 29, 2023
Sold by
Mcglynn Kevin and Mcglynn Kristin
Bought by
Robinson Emily M and Robinson Lynne F
Seller's Agent
Bill Corrigall
North Point Realty LLC
Buyer's Agent
Randy Ferrell
Portside Real Estate Group
List Price
$575,000
Sold Price
$610,000
Premium/Discount to List
$35,000
6.09%
Current Estimated Value
$675,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,133
Avg. Annual Appreciation
6.69%
Original Mortgage
$480,000
Outstanding Balance
$472,682
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$219,394

Purchase Details

Closed on
Feb 13, 2015
Sold by
Tassaro Maciej K and Tasarz Katarzyna R
Bought by
Mcglynn Kevin and Mcglynn Kristin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,871
Interest Rate
3.9%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Robinson Emily M $610,000 None Available
Mcglynn Kevin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Emily M $480,000
Previous Owner Mcglynn Kevin $250,871
Previous Owner Tasarz Maciej G $6,407
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $610,000 +6.1% $238 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $575,000 -- $224 / 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 $7,142 $475,800 $51,600 $424,200
2023 $6,169 $428,100 $51,600 $376,500
2022 $5,826 $428,100 $51,600 $376,500
2021 $5,561 $428,100 $51,600 $376,500
2020 $5,200 $223,100 $64,500 $158,600
2019 $5,200 $223,100 $64,500 $158,600
2018 $5,015 $223,100 $64,500 $158,600
2017 $4,830 $223,100 $64,500 $158,600
2016 $4,710 $223,100 $64,500 $158,600
2015 $4,603 $223,100 $64,500 $158,600
2014 $4,462 $223,100 $64,500 $158,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Bill Corrigall

    North Point Realty LLC

    2 in this area

    58 Total Sales

    Bill Corrigall
    Section Image

  • R

    Buyer's Agent in 2023

    Randy Ferrell

    Portside Real Estate Group

    (207) 615-1513

    2 in this area

    153 Total Sales

    Randy Ferrell
    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1569747

Maine Listings

APN: PTLD-000163A-000000-C001001

Maine Cumberland County Portland 04103 East Deering

721 Washington Ave, Portland, ME

This home is located at 721 Washington Ave, Portland, ME 04103 since 23 August 2023 and is currently estimated at $675,133, approximately $263 per square foot. This property was built in 1900. 721 Washington Ave is a home located in Cumberland County with nearby schools including Lyman Moore Middle School, Baxter Academy for Tech & Sciences, and St. Brigid School.

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.

Maine Listings 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.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393

Nearby Homes