NOT LISTED FOR SALE

Estimated Value: $648,766 - $868,000

7 Beds
2 Baths
2,922 Sq Ft
$253/Sq Ft Est. Value

Last Sold July 22, 2021

Last sale price $513,000 $176 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,472/month

4 Days on Market

Highlights

  • Nearby Water Access
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Main Floor Bedroom
  • Porch

About This Home

As of July 2021

Amazing investment or owner-occupied opportunity in the Pleasantdale neighborhood of South Portland, just down the street from the Green Belt. This property features two large units and has been updated with new windows, high efficiency natural gas boiler, and many efficiency improvements. The first floor unit has three bedrooms, an additional office/den, living room, and eat-in kitchen. On the second and third floors, you'll find a large unit with a flexible floorplan featuring 4 bedrooms plus two bonus rooms, updated kitchen with stainless steel appliances and range hood, beautiful wood floors, original builtins, and a modern open-beamed third floor space. The yard has been lovingly planted with numerous productive fruit trees including three apples, a large sweet cherry, and a plum, as well as blueberry bushes and grapes. With plenty of paved off street parking and a garden shed, what more could you need?

Last Agent to Sell the Property

Katherine Kerkam

Portside Real Estate Group Listed on: 06/01/2021

Last Buyer's Agent

John Murphy

The Real Estate Store

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,123

Year Built

  • Built in 1910

Lot Details

  • 5,663 Sq Ft Lot
  • Fenced
  • Landscaped
  • Level Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,922 Sq Ft Home
  • 3-Story Property
  • Stove

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Brick Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access
  • Shed
  • Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Internet Available

Listing and Financial Details

  • Tax Lot 072
  • Assessor Parcel Number SPOR-000025-000000-000072

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $5,892
  • Gross Income $43,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,123

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Broadway turn onto Elm Street toward the water, then left on Pearl Street. Home will be on your left.
  • Above Grade Finished Sq Ft: 2922.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 179.67
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2922.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat System:Stove: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Fence: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 43800.0
  • Income Expenses Operating Expenses: 5892.0
  • Amenities:Bathtub: Yes
  • Recreational Water:Nearby: Yes
  • Heat Fuel:Wood2: Yes
  • Basement:BrickMortar: Yes
  • Equipment:Internet Access Available: Yes
  • Heat System:Direct Vent Heater: Yes
  • Style:New Englander: Yes
  • Other Structures:Shed: Yes
  • Advertising Remarks:Advertising Remarks: Amazing investment or owner-occupied opportunity in the Pleasantdale neighborhood of South Portland, just down the street from the Green Belt. This property features two large units and has been updated with new windows, high efficiency natural gas boiler, and many efficiency improvements. The first floor unit has three bedrooms, an additional office/den, living room, and eat-in kitchen. On the second and third floors, you'll find a large unit with a flexible floorplan featuring 4 bedrooms plus two bonus rooms, updated kitchen with stainless steel appliances and range hood, beautiful wood floors, original builtins, and a modern open-beamed third floor space. The yard has been lovingly planted with numerous productive fruit trees including three apples, a large sweet cherry, and a plum, as well as blueberry bushes and grapes. With plenty of paved off street parking and a garden shed, what more could you need?
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Brick/Mortar, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Landscaped, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove, Hot Water, 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
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: SPOR-000025-000000-000072
  • Zoning: Residential Dist G

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 43800.0
  • Annual Operating Expense: 5892.0

Tax Info

  • Tax Annual Amount: 5123.0
  • Tax Lot: 072
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jul 22, 2021
Sold by
Milliken David
Bought by
Lapante Alinee E
Seller's Agent
Katherine Kerkam
Portside Real Estate Group
Buyer's Agent
John Murphy
The Real Estate Store
List Price
$525,000
Sold Price
$513,000
Premium/Discount to List
-$12,000
-2.29%
Current Estimated Value
$738,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,942
Avg. Annual Appreciation
8.75%
Original Mortgage
$436,050
Outstanding Balance
$396,010
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$342,932

Purchase Details

Closed on
Jul 29, 2009
Sold by
Green Kristie and Floyd Renworth
Bought by
Milliken David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,429
Interest Rate
5.43%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lapante Alinee E -- None Available
Milliken David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lapante Alinee E $436,050
Previous Owner Milliken David $263,429
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2021 07/22/21 Sold $513,000 -2.3% $176 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
05/31/2021 05/31/21 For Sale $525,000 -- $180 / 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 $7,148 $541,500 $147,600 $393,900
2023 $6,212 $439,300 $97,400 $341,900
2022 $6,011 $386,300 $77,900 $308,400
2021 $5,527 $376,000 $77,900 $298,100
2020 $5,123 $259,400 $67,500 $191,900
2019 $4,838 $259,400 $67,500 $191,900
2018 $4,702 $259,400 $67,500 $191,900
2017 $4,669 $259,400 $67,500 $191,900
2016 $4,545 $256,800 $67,500 $189,300
2015 $4,468 $256,800 $67,500 $189,300
2014 $4,391 $256,800 $67,500 $189,300
2013 -- $256,800 $67,500 $189,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1494067

Maine Listings

APN: SPOR-000025-000000-000072