$655,000
SOLD AUG 19, 2021
-- Bed
2.5 Baths
2,765 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$237 Per Sq Ft

3% Above List Price

21 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Bathtub
  • Main Floor Bedroom
  • Porch
  • Forced Air Heating System

About This Home

As of August 2021

Fantastic investment opportunity in a desirable location on Broadway in South Portland. This turn key 3 unit comes with the option of owner occupancy and great cash flow. Consisting of two 3 bedroom residential units and one Commerical unit. First unit is one-level living, tons of natural sunlight, washer-dryer hookups and porch access. Unit 2 has two levels, with office space, dining room, private deck, washer-dryer hook ups and large closet. Commerical unit is recently updated throughout and occupied by a hair salon. All units have off-street parking access, parking lot fits up to 8-10 vehicles. Located just minutes from downtown Portland, Mill Creek, the Green belt and so much more! This multi-family is well maintained and easy to rent. Come check out the gorgeous hardwood floors, recent updates and the 1900s built-ins that add charm to this unique property.

Last Agent to Sell the Property

Kelly Hannigan

Townsend Real Estate Listed on: 06/01/2021

Last Buyer's Agent

AmyBeth Brochu-Krikken

Rockstar Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,841

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Aluminum Siding
  • Clapboard

Interior Spaces

  • 2,765 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Heating System Uses Steam

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Exclusions: 2nd Unit washer and dryer
  • Tax Lot 157
  • Assessor Parcel Number SPOR-000025-000000-000157

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $5,700
  • Gross Income $56,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,841

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • MLS Status: Closed
  • Directions: On Broadway, second building off corner of Elm Street, heading towards Mill Creek. Large parking lot in rear of building.
  • Above Grade Finished Sq Ft: 2765.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2765.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: 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
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 56700.0
  • Income Expenses Operating Expenses: 5700.0
  • Heat System:Steam: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Property Information:Deed Restrictions: Unknown
  • Exterior:Aluminum Siding: Yes
  • Water Heater:Heat Pump2: Yes
  • Building Info:_pound_ Floors3: 3
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace: No
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown
  • Waterfront: No
  • Exclusions: 2nd Unit washer and dryer
  • Construction Type: Clapboard, Aluminum Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: SPOR-000025-000000-000157
  • Zoning: Mixed-Use

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 56700.0
  • Annual Operating Expense: 5700.0

Tax Info

  • Tax Annual Amount: 4841.0
  • Tax Book Number: 36250
  • Tax Lot: 157
  • Tax Map Number: 25
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Aug 19, 2021
Sold by
Hannington Kelly A and Hannington Robert F
Bought by
Bush Andrew and Bush James Stacie
Seller's Agent
Kelly Hannigan
Townsend Real Estate
Buyer's Agent
AmyBeth Brochu-Krikken
Rockstar Real Estate
List Price
$635,000
Sold Price
$655,000
Premium/Discount to List
$20,000
3.15%
Current Estimated Value
$864,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,306
Avg. Annual Appreciation
6.77%
Original Mortgage
$375,000
Outstanding Balance
$344,649
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$502,028

Purchase Details

Closed on
Dec 3, 2019
Sold by
Dooling Kelly A and Hannigan Robert F
Bought by
Hannigan Robert F and Hannigan Kelly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,992
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 29, 2017
Closed on
Jun 1, 2017
Sold by
Kto Llc
Bought by
Dooling Kelly A and Hannigan 3Rd Robert F
Seller's Agent
Joe Flynn
The Atlantic Real Estate Network
Buyer's Agent
Emilie Levecque
Townsend Real Estate
List Price
$349,900
Sold Price
$363,000
Premium/Discount to List
$13,100
3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.98%
Original Mortgage
$356,425
Interest Rate
3.97%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 22, 2017
Sold by
Habibi Amir
Bought by
Kto Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.12%
Mortgage Type
Commercial
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 -- None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- --
Warranty Deed -- --
Foreclosure Deed -- --
Foreclosure Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,000 Purchase Money Mortgage
Closed $375,000 Purchase Money Mortgage
Previous Owner $344,001 FHA
Previous Owner $346,992 FHA
Previous Owner $356,425 FHA
Previous Owner $220,000 Commercial
Previous Owner $225,000 Commercial
Previous Owner $120,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2021 08/19/21 Sold $655,000 +3.1% $237 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $635,000 +74.9% $230 / Sq Ft
06/02/2017 06/02/17 Sold $363,000 +3.7% $138 / Sq Ft
04/11/2017 04/11/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $349,900 -- $133 / 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 $5,351 $405,400 $129,900 $275,500
2023 $5,148 $364,100 $123,700 $240,400
2022 $5,283 $339,500 $123,700 $215,800
2021 $4,991 $339,500 $123,700 $215,800
2020 $4,841 $245,100 $103,000 $142,100
2019 $4,571 $245,100 $103,000 $142,100
2018 $4,442 $245,100 $103,000 $142,100
2017 $4,412 $245,100 $103,000 $142,100
2016 $3,860 $218,100 $103,000 $115,100
2015 $3,795 $218,100 $103,000 $115,100
2014 $3,971 $232,200 $103,000 $129,200
2013 -- $232,200 $103,000 $129,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1494254

Maine Listings

APN: SPOR-000025-000000-000157