NOT LISTED FOR SALE

Estimated Value: $674,000 - $808,000

5 Beds
5 Baths
2,352 Sq Ft
$323/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $691,000 $294 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,889/month

3 Days on Market

Highlights

  • Colonial Architecture
  • Wooded Lot
  • Bathtub
  • Deck
  • No HOA
  • Shed

About This Home

As of April 2022

Dreaming of an investment property in popular Portland? This University Street abode is your nod from the cosmos! Three adorable apartments paired with a coveted locale make this a turnkey opportunity not to be missed. From abundant off-street parking to green space galore, this sweet spot is where country charm meets city convenience. An assortment of amenities among the units includes tile floors, stainless steel appliances and granite countertops. Time the sunshine can be enjoyed by each tenant via a petite patio (unit#1) or deck (units #2, 3). The basement offers ample space for storage and laundry in units #2 & #3. Apartment #3 is vacant and poised to be the residence of tenants or the new owner. This property is positioned on a dead-end street with immediate access to Portland Trails, and endless shopping, dining and entertainment options are just minutes away. Opportunity is knocking - will you answer?

Last Listed By

Bridget King Jason Miller

King + Miller Real Estate Listed on: 03/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,608

Year Built

  • Built in 1985

Lot Details

  • 9,148 Sq Ft Lot
  • Street terminates at a dead end
  • Open Lot
  • Wooded Lot

Home Design

  • 2,352 Sq Ft Home
  • Colonial Architecture
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub
  • Shower Only

Laundry

  • Washer and Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 14 / D
  • Assessor Parcel Number PTLD-000151-D000014-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $5,950
  • Gross Income $58,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,608

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Forest Avenue north, right on Allen Ave, right on Woodlawn, right on Morrill St, left on University. Last building on the right.
  • Above Grade Finished Sq Ft: 2352.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1985
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.21
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 2352.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 58200.0
  • Income Expenses Operating Expenses: 5949.59
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Parking:Paved3: Yes
  • Basement:Slab2: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Roads:Dead End: Yes
  • Site:Wooded: Yes
  • Heat System:Direct Vent Heater: Yes
  • Other Structures:Shed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Flooring: Vinyl, Tile, Carpet
  • Interior Amenities: Bathtub, Shower
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Wooded, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site, Off Street

Utilities

  • Laundry Features: 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: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9147.6
  • Parcel #: PTLD-000151-D000014-000001
  • Zoning: R5

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 58200.0
  • Annual Operating Expense: 5949.59

Tax Info

  • Tax Annual Amount: 5608.0
  • Tax Block: D
  • Tax Book Number: 18450
  • Tax Lot: 14
  • Tax Map Number: 151
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $691,000 +0.9% $294 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $685,000 -- $291 / 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 $7,652 $509,800 $64,800 $445,000
2023 $7,346 $509,800 $64,800 $445,000
2022 $5,456 $400,900 $64,800 $336,100
2021 $5,208 $400,900 $64,800 $336,100
2020 $5,608 $240,600 $64,800 $175,800
2019 $5,608 $240,600 $64,800 $175,800
2018 $5,209 $240,600 $64,800 $175,800
2017 $5,209 $240,600 $64,800 $175,800
2016 $5,079 $240,600 $64,800 $175,800
2015 $4,964 $240,600 $64,800 $175,800
2014 $4,812 $240,600 $64,800 $175,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1521191

Maine Listings

APN: PTLD-000151-000000-D014001