$700,000
SOLD FEB 13, 2025
-- Bed
2 Baths
2,134 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$328 Per Sq Ft

7% Below List Price

61 Days on Market

Highlights

  • Deck
  • New Englander Architecture
  • Porch
  • Wood Flooring
  • No HOA
  • 3-minute walk to Heseltine Park

About This Home

As of February 2025

Step inside to this beautiful, well maintained two-unit property on a quiet street in the desirable Back Cove neighborhood. Each unit features 2 bedrooms/1 bathroom, updated kitchens with granite countertops, updated bathrooms, and private laundry for added convenience for residents. One unit is vacant and ready for immediate occupancy, making it an ideal opportunity for an owner-occupant or investor. Recently updated heating systems in both units and the basement ensure year-round comfort and efficiency. Additional energy efficiency perks include new water heaters and insulation throughout the entire property. Enjoy the peaceful fenced in backyard complete with a deck, flat lawn area, and a cozy fire pit. The property also includes a private driveway plus additional on-street parking if needed. Just a short distance to neighborhood restaurants and shops, Baxter Boulevard, Payson Park, as well as easy access to Portland Trails right at the end of the road. Less than 10 minutes to Downtown Portland, making commuting a breeze! Don't miss this exceptional opportunity to own a beautifully updated property that combines modern amenities, classic charm, and a prime location.

Last Agent to Sell the Property

Gabrielle Keeley

Waypoint Brokers Collective Listed on: 11/11/2024

Last Buyer's Agent

Conor Beliveau

Vallee Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,067

Year Built

  • Built in 1884

Lot Details

  • 5,227 Sq Ft Lot
  • Fenced
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • 2,134 Sq Ft Home
  • Duplex
  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • 2 Full Bathrooms
  • Laundry on upper level

Listing and Financial Details

  • Legal Lot and Block 003 / A
  • Assessor Parcel Number PTLD-000137-A000003-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $12,515
  • Gross Income $23,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,067

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 2134.0
  • Architectural Style: Other, New Englander
  • Garage Yn: No
  • Structure Type: Duplex
  • Year Built: 1884
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 339.74
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2134.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: 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 Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: 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
  • Amenities:Fence: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 23580.0
  • Income Expenses Operating Expenses: 12515.0
  • Basement:Sump Pump: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Style:New Englander: Yes
  • Parking:On Street: Yes
  • Advertising Remarks:Advertising Remarks: Step inside to this beautiful, well maintained two-unit property on a quiet street in the desirable Back Cove neighborhood. Each unit features 2 bedrooms/1 bathroom, updated kitchens with granite countertops, updated bathrooms, and private laundry for added convenience for residents. One unit is vacant and ready for immediate occupancy, making it an ideal opportunity for an owner-occupant or investor. Recently updated heating systems in both units and the basement ensure year-round comfort and efficiency. Additional energy efficiency perks include new water heaters and insulation throughout the entire property. Enjoy the peaceful fenced in backyard complete with a deck, flat lawn area, and a cozy fire pit. The property also includes a private driveway plus additional on-street parking if needed. Just a short distance to neighborhood restaurants and shops, Baxter Boulevard, Payson Park, as well as easy access to Portland Trails right at the end of the road. Less than 10 minutes to Downtown Portland, making commuting a breeze! Don't miss this exceptional opportunity to own a beautifully updated property that combines modern amenities, classic charm, and a prime location.
  • Structure Type:Duplex3: Yes
  • Door Features Storm Doors2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Bulkhead, Full, Sump Pump, Unfinished
  • Full Bathrooms: 2
  • Door Features: Storm Door(s)
  • Flooring: Wood, Tile, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Well Landscaped, Open, Level, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Direct Vent Furnace, Baseboard
  • 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: 5227.2
  • Parcel #: PTLD-000137-A000003-000001
  • Zoning: R5

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23580.0
  • Annual Operating Expense: 12515.0

Tax Info

  • Tax Annual Amount: 6067.0
  • Tax Block: A
  • Tax Lot: 003
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2024
Closed on
Feb 13, 2025
Sold by
Keeley Alexandra T
Bought by
Daigle Jennifer K and Dole Maureen A
Seller's Agent
Gabrielle Keeley
Waypoint Brokers Collective
Buyer's Agent
Conor Beliveau
Vallee Real Estate
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Views
60
Current Estimated Value
$737,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,125
Avg. Annual Appreciation
5.59%
Original Mortgage
$460,000
Outstanding Balance
$456,175
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$280,950

Purchase Details

Closed on
Sep 19, 2014
Sold by
Green Ryan W
Bought by
Keeley Alexandra T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
4.14%
Mortgage Type
New Conventional
Source: Public Records
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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 $700,000 None Available
Warranty Deed $700,000 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $460,000 Purchase Money Mortgage
Closed $460,000 Purchase Money Mortgage
Previous Owner $208,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2025 02/13/25 Sold $700,000 -3.4% $328 / Sq Ft
01/11/2025 01/11/25 Pending -- -- --
12/20/2024 12/20/24 Price Changed $725,000 -3.3% $340 / Sq Ft
11/11/2024 11/11/24 For Sale $750,000 -- $351 / 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 $6,067 $404,200 $63,500 $340,700
2023 $5,825 $404,200 $63,500 $340,700
2022 $5,501 $404,200 $63,500 $340,700
2021 $5,251 $404,200 $63,500 $340,700
2020 $4,951 $212,400 $63,500 $148,900
2019 $4,951 $212,400 $63,500 $148,900
2018 $4,598 $212,400 $63,500 $148,900
2017 $4,598 $212,400 $63,500 $148,900
2016 $4,484 $212,400 $63,500 $148,900
2015 $4,382 $212,400 $63,500 $148,900
2014 $4,248 $212,400 $63,500 $148,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1609133

Maine Listings

APN: PTLD-000137-000000-A003001