NOT LISTED FOR SALE

8 Massachusetts Ave Portland, ME 04102

Libbytown Neighborhood

Estimated Value: $761,481 - $891,000

6 Beds
3 Baths
3,360 Sq Ft
$252/Sq Ft Est. Value

Last Sold May 01, 2015

Last sale price $315,000 $94 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $5,362/month

Highlights

  • Property is near public transit
  • No HOA
  • Baseboard Heating
  • Wood Flooring
  • Forced Air Zoned Heating System
  • Asbestos

About This Home

As of May 2015

Large 3-unit with good tenants and good cash flow. Hardwood floors. Economical new natural gas heating system. Excellent convenient location. Maintained by long-time owner. Easy walk in-town and to shopping. Bus service adjacent. On-site parking is always helpful in the city.

Last Agent to Sell the Property

Dave Gulick

Keller Williams Realty Listed on: 07/27/2015

Keller Williams Realty

Last Buyer's Agent

Brit Vitalius

Vitalius Real Estate Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,126

Year Built

  • Built in 1930

Lot Details

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

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Concrete Fiber Board Siding
  • Asbestos Siding
  • Asbestos

Interior Spaces

  • 3 Full Bathrooms
  • 3,360 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 24 / D
  • Assessor Parcel Number PTLD-000186-000000-D024001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $35,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,126

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Off Congress Street heading west - Massachusetts Avenue is at the second set of lights on Congress Street west of 295. Coming from in-town: two quick sets of lights right after you have gone under 295.
  • Above Grade Finished Sq Ft: 3360.0
  • Architectural Style: Other Style
  • Building Stories: 3
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.08
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3360.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 35340.0
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Exterior:Fiber Cement: Yes
  • Exterior:Asbestos: Yes
  • Location:Near Railroad: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Walk-Out Access, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Fiber Cement, Asbestos, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Flat

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, 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-000186-000000-D024001
  • Zoning: B1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 35340.0

Tax Info

  • Tax Annual Amount: 6126.0
  • Tax Block: D
  • Tax Book Number: 20588
  • Tax Lot: 24
  • Tax Map Number: 186
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2015
Closed on
May 7, 2015
Sold by
Olson Christian and Olson Sarah
Bought by
Theberge Justin T
Seller's Agent
Dave Gulick
Keller Williams Realty
Buyer's Agent
Brit Vitalius
Vitalius Real Estate Group, LLC
List Price
$315,000
Sold Price
$315,000
Current Estimated Value
$845,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,620
Avg. Annual Appreciation
9.96%
Original Mortgage
$309,269
Outstanding Balance
$241,749
Interest Rate
3.69%
Mortgage Type
FHA
Estimated Equity
$599,205
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
Theberge Justin T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Theberge Justin T $309,269
Previous Owner Olson Christian E $48,699
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2015 07/27/15 For Sale $315,000 0.0% $94 / Sq Ft
05/01/2015 05/01/15 Sold $315,000 -- $94 / Sq Ft
03/26/2015 03/26/15 Pending -- -- --
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 $9,150 $609,600 $89,200 $520,400
2023 $8,784 $609,600 $89,200 $520,400
2022 $8,297 $609,600 $89,200 $520,400
2021 $7,919 $609,600 $89,200 $520,400
2020 $7,140 $306,300 $83,700 $222,600
2019 $7,140 $306,300 $83,700 $222,600
2018 $6,886 $306,300 $83,700 $222,600
2017 $6,631 $306,300 $83,700 $222,600
2016 $6,466 $306,300 $83,700 $222,600
2015 $6,319 $306,300 $83,700 $222,600
2014 $6,126 $306,300 $83,700 $222,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Dave Gulick

    Keller Williams Realty

    Section Image
  • Brit Vitalius

    Buyer's Agent in 2015

    Brit Vitalius

    Vitalius Real Estate Group, LLC

    (207) 318-2555

    4 in this area

    175 Total Sales

    Brit Vitalius
    Section Image
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Map

Source: Maine Listings

MLS Number: 1208118

Maine Listings

APN: PTLD-000186-000000-D024001

Maine Cumberland County Portland 04102 Libbytown

8 Massachusetts Ave, Portland, ME

This home is located at 8 Massachusetts Ave, Portland, ME 04102 since 27 July 2015 and is currently estimated at $845,620, approximately $251 per square foot. This property was built in 1930. 8 Massachusetts Ave is a home located in Cumberland County with nearby schools including Ocean Avenue Elementary School, King 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.

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.
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