Seller's Agent in 2023
Brit Vitalius
Vitalius Real Estate Group, LLC
(207) 318-2555
16 in this area
175 Total Sales
87 Gray St Portland, ME 04102
West End NeighborhoodEstimated Value: $639,000 - $954,000
5
Beds
3
Baths
3,222
Sq Ft
$232/Sq Ft
Est. Value
Highlights
- The property is located in a historic district
- No HOA
- Asbestos
- Wood Flooring
- Heating System Uses Steam
- 4-minute walk to Harbor View Memorial Park
About This Home
As of October 2023Don't miss the chance to bring your vision to life with this 3-unit in Portland's West End. This property needs some attention but has immense potential for someone with the vision, capacity, and appreciation of the good bones at the heart of this early 1900's Mansard. Units 1 and 2 are currently occupied and serviceable. Unit 3 will need a nearly full renovation. The potential to restore this Portland classic into a beautiful home, apartments or condos will be obvious. 87 Gray Street boasts a brand-new roof and enjoys a highly coveted location in Portland's West End, a vibrant and welcoming community known for its tree-lined streets and plenty of green space. Explore the nearby Western Promenade, offering stunning views of Casco Bay, or take a leisurely stroll to downtown Portland, where you can immerse yourself in the city's rich history and waterfront charm.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,680
Year Built
- Built in 1894
Lot Details
- 1,742 Sq Ft Lot
- Level Lot
Home Design
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Asbestos Siding
- Asbestos
Interior Spaces
- 3 Full Bathrooms
- 3,222 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
Location
- The property is located in a historic district
- City Lot
Utilities
- No Cooling
- Radiator
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Heating System Uses Steam
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 33 / D
- Assessor Parcel Number PTLD-000057-D000033-000001
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Gross Income $28,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2023
Closed on
Oct 6, 2023
Sold by
Christman Frederick J
Bought by
Brick & Marble Llc
Seller's Agent
Brit Vitalius
Vitalius Real Estate Group, LLC
Buyer's Agent
Brit Vitalius
Vitalius Real Estate Group, LLC
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,667
Avg. Annual Appreciation
7.45%
Original Mortgage
$650,000
Outstanding Balance
$641,394
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$16,273
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brick & Marble Llc | $575,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brick & Marble Llc | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2023 10/06/23 | Sold | $575,000 | -4.0% | $178 / Sq Ft |
| 07/05/2023 07/05/23 | Pending | -- | -- | -- |
| 06/21/2023 06/21/23 | For Sale | $599,000 | -- | $186 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $7,972 | $531,100 | $264,300 | $266,800 |
| 2023 | $9,191 | $637,800 | $264,300 | $373,500 |
| 2022 | $8,680 | $637,800 | $264,300 | $373,500 |
| 2021 | $8,285 | $637,800 | $264,300 | $373,500 |
| 2020 | $6,552 | $281,100 | $106,700 | $174,400 |
| 2019 | $6,552 | $281,100 | $106,700 | $174,400 |
| 2018 | $6,319 | $281,100 | $106,700 | $174,400 |
| 2017 | $6,086 | $281,100 | $106,700 | $174,400 |
| 2016 | $5,934 | $281,100 | $106,700 | $174,400 |
| 2015 | $5,799 | $281,100 | $106,700 | $174,400 |
| 2014 | $5,622 | $281,100 | $106,700 | $174,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
Elise Loschiavo
Vitalius Real Estate Group, LLC
(617) 270-3593
30 in this area
236 Total Sales
Map
Source: Maine Listings
MLS Number: 1562851
APN: PTLD-000057-000000-D033001
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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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