NOT LISTED FOR SALE

Estimated Value: $660,000 - $969,525

6 Beds
3 Baths
1,902 Sq Ft
$419/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $595,000 $313 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,790/month

8 Days on Market

Highlights

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

About This Home

As of September 2020

Interesting details and unique touches abound in this clean three unit. Under the current ownership each apartment was owner occupied while being thoughtfully updated. This is not your typical rental property. Conveniently located one block off the greenbelt trail and 5 minutes to down town Portland. This location is in the heart of everything South Portland has to offer. City views over the water at the end of the street. Easy and plentiful parking with two separate driveways. This building has the feel of a two unit, but pays like a three unit. Perfect rental history and rent collection going for 9 years and counting. Beautiful, large fenced in back yard with room for a garage. Unit 2 is now month to month.
While following the state covid guidelines showings will be limited to the following times. 8/6 from 3:00-6:00, 8/7 from 3:00-6:00, 8/8 from 12:00-4:00 and 8/9 from 12:00-4:00. All agents and buyers are required to wear masks and gloves. Offers to be reviewed at 4:00p Monday, 8/10. Please allow 24 hrs for response.

Last Agent to Sell the Property

Ryan Deveaux

Keller Williams Realty Listed on: 08/01/2020

Last Buyer's Agent

Chase Caprio

The Maine Real Estate Network

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,973

Year Built

  • Built in 1910

Lot Details

  • 9,583 Sq Ft Lot
  • Public Beach
  • Landscaped
  • Level Lot

Home Design

  • 1,902 Sq Ft Home
  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub

Unfinished Basement

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

Parking

  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access
  • Patio
  • Shed

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 88
  • Assessor Parcel Number SPOR-000025-000000-000088

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $2,753
  • Gross Income $47,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,973

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Broadway to Elm St. to left on Chapel
  • Above Grade Finished Sq Ft: 1902.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 302.31
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1902.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 47100.0
  • Income Expenses Operating Expenses: 2753.0
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Heat System:Space Heater: Yes
  • Style:New Englander: Yes
  • Other Structures:Shed: Yes
  • Advertising Remarks:Advertising Remarks: Interesting details and unique touches abound in this clean three unit. Under the current ownership each apartment was owner occupied while being thoughtfully updated. This is not your typical rental property. Conveniently located one block off the greenbelt trail and 5 minutes to down town Portland. This location is in the heart of everything South Portland has to offer. City views over the water at the end of the street. Easy parking with two separate driveways. This building has the feel of a two unit, but pays like a three unit. Perfect rental history and rent collection going for 9 years and counting. Beautiful, large fenced in back yard with room for a garage. While following the state covid guidelines showings will be limited to the following times. 8/6 from 3:00-6:00, 8/7 from 3:00-6:00, 8/8 from 10:00-2:00 and 8/9 from 10:00-2:00. All agents and buyers are required to wear masks and gloves.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Tile
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Space Heater, Hot Water, Forced Air, Direct Vent Heater
  • 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: 9583.2
  • Parcel #: SPOR-000025-000000-000088
  • Zoning: G

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 47100.0
  • Annual Operating Expense: 2753.0

Tax Info

  • Tax Annual Amount: 4973.0
  • Tax Lot: 88
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2020
Closed on
Sep 11, 2020
Sold by
Demers Kevin J and Brown Michelle M
Bought by
Duval Ethan J
Seller's Agent
Ryan Deveaux
Keller Williams Realty
Buyer's Agent
Chase Caprio
The Maine Real Estate Network
List Price
$575,000
Sold Price
$595,000
Premium/Discount to List
$20,000
3.48%
Current Estimated Value
$797,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,631
Avg. Annual Appreciation
5.75%
Original Mortgage
$577,583
Outstanding Balance
$512,567
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$285,064

Purchase Details

Closed on
Dec 20, 2011
Sold by
Unnold Joseph W and Unnold Rosemary P
Bought by
Demers Kevin J and Brown Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,843
Interest Rate
4.4%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Duval Ethan J -- None Available
Demers Kevin J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duval Ethan J $577,583
Previous Owner Demers Kevin J $232,843
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $595,000 +3.5% $313 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
08/01/2020 08/01/20 For Sale $575,000 -- $302 / 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 $7,280 $551,500 $156,900 $394,600
2023 $6,319 $446,900 $103,500 $343,400
2022 $5,776 $371,200 $82,800 $288,400
2021 $5,457 $371,200 $82,800 $288,400
2020 $4,973 $251,800 $71,600 $180,200
2019 $4,769 $251,800 $71,600 $180,200
2018 $4,635 $255,700 $71,600 $184,100
2017 $4,603 $255,700 $71,600 $184,100
2016 $4,526 $255,700 $71,600 $184,100
2015 $4,449 $255,700 $71,600 $184,100
2014 $4,372 $255,700 $71,600 $184,100
2013 -- $255,700 $71,600 $184,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1462739

Maine Listings

APN: SPOR-000025-000000-000088