$502,000
SOLD SEP 19, 2014

85 Vesper St Portland, ME 04101

East End Neighborhood
-- Bed
3 Baths
4,356 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$115 Per Sq Ft

1% Above List Price

4 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Level Lot
  • Wood Flooring
  • Heating System Uses Steam
  • 3-minute walk to East End Playground

About This Home

As of August 2021

Rare offering-3 decker on Munjoy Hill. Large Apartments w/3 bedrooms, LR, DR & eat-in kitchen. Nice decks & storage areas. Recent windows, roof, siding, paved driveway, original varnished moldings & hardwood floors, china cabinets.

Last Agent to Sell the Property

Jay Sparrow

Allied Real Estate Listed on: 07/25/2014

Last Buyer's Agent

Colleen Bedard

Townsend Real Estate

Townsend Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,285

Year Built

  • Built in 1880

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 4,356 Sq Ft Home
  • Multi-Level Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 85Vesper StreetPortland3013

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $12,451
  • Gross Income $39,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,285

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Congress Street on Munjoy Hill to Vesper.
  • Above Grade Finished Sq Ft: 4356.0
  • Architectural Style: Multi-Level
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4356.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 39600.0
  • Income Expenses Operating Expenses: 12451.0
  • Style:Multi-Level: Yes
  • Heat System:Steam: Yes
  • Roof:Membrane: Yes
  • Transportation:Public Transport Access: Yes
  • Electric:Fuses: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab, Brick/Mortar
  • Roof: Membrane

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam
  • Heating Yn: Yes
  • Electric: Fuses, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.2
  • Parcel #: 85Vesper StreetPortland3013
  • Zoning: RES-R-6

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 39600.0
  • Annual Operating Expense: 12451.0

Tax Info

  • Tax Annual Amount: 7285.0
  • Tax Block: 0
  • Tax Book Number: 19611
  • Tax Lot: 13
  • Tax Map Number: 3
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Aug 17, 2021
Sold by
Cummings Nancy A and Masterman Drew D
Bought by
Soltanakis Emmanuel N and Brock Julia
Seller's Agent
Tom Landry
Benchmark Real Estate
Buyer's Agent
Alexander Kappelman
RE/MAX Shoreline
List Price
$1,495,000
Sold Price
$1,330,000
Premium/Discount to List
-$165,000
-11.04%
Current Estimated Value
$1,567,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,391
Avg. Annual Appreciation
4.73%
Original Mortgage
$922,802
Outstanding Balance
$848,113
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$748,935

Purchase Details

Listed on
Jul 25, 2014
Closed on
Sep 23, 2014
Sold by
Fink Ethan K and Fink Michele
Bought by
Cumming Nancy A and Masterman Drew D
Seller's Agent
Jay Sparrow
Allied Real Estate
Buyer's Agent
Colleen Bedard
Townsend Real Estate
List Price
$499,000
Sold Price
$502,000
Premium/Discount to List
$3,000
0.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.12%
Original Mortgage
$451,800
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $922,802 Purchase Money Mortgage
Previous Owner $499,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $40,000 Balloon
Previous Owner $451,800 Purchase Money Mortgage
Previous Owner $280,000 Adjustable Rate Mortgage/ARM
Previous Owner $30,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2021 08/17/21 Sold $1,330,000 -11.0% $305 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $1,495,000 +197.8% $343 / Sq Ft
09/19/2014 09/19/14 Sold $502,000 +0.6% $115 / Sq Ft
07/30/2014 07/30/14 Pending -- -- --
07/25/2014 07/25/14 For Sale $499,000 -- $115 / 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 $14,681 $978,100 $385,000 $593,100
2023 $14,094 $978,100 $385,000 $593,100
2022 $13,312 $978,100 $385,000 $593,100
2021 $12,706 $978,100 $385,000 $593,100
2020 $9,396 $403,100 $156,700 $246,400
2019 $8,883 $381,100 $156,700 $224,400
2018 $8,567 $381,100 $156,700 $224,400
2017 $8,251 $381,100 $156,700 $224,400
2016 $8,045 $381,100 $156,700 $224,400
2015 $7,862 $381,100 $156,700 $224,400
2014 $7,622 $381,100 $156,700 $224,400
Source: Public Records

Agents Affiliated with this Home

  • Tom Landry

    Seller's Agent in 2021

    Tom Landry

    Benchmark Real Estate

    (207) 775-0248

    42 in this area

    331 Total Sales

    Section Image
  • Alexander Kappelman

    Buyer's Agent in 2021

    Alexander Kappelman

    RE/MAX

    (207) 317-6910

    3 in this area

    75 Total Sales

    Section Image
  • Jay Sparrow

    Seller's Agent in 2014

    Jay Sparrow

    Allied Real Estate

    (207) 756-5779

    25 Total Sales

    Section Image

  • C

    Buyer's Agent in 2014

    Colleen Bedard

    Townsend Real Estate

    Section Image
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Map

Source: Maine Listings

MLS Number: 1147242

Maine Listings

APN: PTLD-000003-000000-D013001

Maine Cumberland County Portland 04101 East End

85 Vesper St, Portland, ME

This home is located at 85 Vesper St, Portland, ME 04101 and is currently priced at $502,000, approximately $115 per square foot. This property was built in 1880. 85 Vesper St is a home located in Cumberland County with nearby schools including East End Community 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.

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