Investment Potential for 39 Read St

The property has a current estimated value of $470,641, which is 3% below the neighborhood median, based on public records. It last sold on March 17, 2022 for $699K. Projected long-term

is $37,200 annually ($3,100 per month) with a 93% occupancy rate.

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$698,625

Sold March 17, 2022

Est. Current Value
property value
This property valuation is based on proprietary algorithms utilizing publicly available market data. Whitepages’ Property Value is NOT an appraisal and should not be used in place of one. Learn More.

$471K

($439K - $507K)

3% below neighborhood median

5-Year Forecast
5-year appreciation
This is an estimate of the appreciated property value by year over the next 5 years, based on proprietary algorithms and historical market data. Actual appreciation of a property can differ materially for a variety of reasons. Learn More.

$******

View Forecast

Discover more Single Family Homes in Back Cove.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$37,200 per year($3,100 per month)

$*****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

****%View Cap Rate

Occupancy Rate

93%in 04103 zip code

View Rental Potential

Owners & Occupancy for 39 Read St

This property is owned by Michaela I Stephenson. Owner contact information includes .

Appreciation Since Purchased

-$227,984

Purchased March 17, 2022

Number of Owners

1

Number of Residents

2

Property Owners

Property Ownership Information

Purchase Date	March 17, 2022
Property Tax Amount	$6,935 in 2024
Purchase Price	$698,625

Occupancy

Resident 1	***************** age 31
Resident 2	*************

Property Details for 39 Read St

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity

Property Age

105 years

25 years older than neighborhood median

Property Details

Property Sq Ft

Living Area

1,638 sq ft

14% above market

Lot Size

9,148 sq ft

24% above market

Price Per Sq Ft

Living Area

$287 / sq ft

16% below market

Lot Size Area

$51 / sq ft

22% below market

Property Information

Property condition, age, exterior, etc. for 39 Read St…

Land & Location Information

Longitude: -70.279811 Latitude: 43.680734 Parcel Number (APN): PTLD-000156-B000001-000001…

Mortgage & Equity Information

Mortgage originated on through lender: Bangor Svgs Bk for$******View Mortgage Details

Recommended Properties in Back Cove

Discover more single family homes near 39 Read St in Portland, Maine. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Owner Age 45 - 55
$392K - $439K
Est. Value
59 Irving St, Portland, ME 04103
3 beds · 1 baths · 1,277 sq ft · Built: 1900
Valued below Market Median
$358K - $394K
Est. Value
72 Wellwood Rd, Portland, ME 04103
3 beds · 2 baths · 1,556 sq ft · Built: 1930
High Demand Long-Term Rental
$516K - $582K
Est. Value
25 Pya Rd, Portland, ME 04103
3 beds · 1 baths · 1,458 sq ft · Built: 1950
High Demand Long-Term Rental
$294K - $328K
Est. Value
73 Canco Rd, Portland, ME 04103
2 beds · 1 baths · 629 sq ft · Last Sold: $319,900 in 2020 · Built: 1943
Valued above Market Median
$635K - $686K
Est. Value
28 Lincoln St, Portland, ME 04103
6 beds · 3 baths · 2,900 sq ft · Built: 1898
Owner Age 35 - 45
$601K - $659K
Est. Value
115 Woodford St, Portland, ME 04103
6 beds · 3 baths · 2,840 sq ft · Built: 1870
Owner Age 65 - 75
$330K - $375K
Est. Value
26 Bryant St, Portland, ME 04103
3 beds · 2 baths · 1,418 sq ft · Built: 1884
Owned for 5 - 10 Years
$410K - $458K
Est. Value
962 Washington Ave, Portland, ME 04103
3 beds · 1 baths · 1,628 sq ft · Last Sold: $175,000 in 2015 · Built: 1900
Valued above Market Median
$538K - $609K
Est. Value
14 Chenery St, Portland, ME 04103
3 beds · 1 baths · 1,960 sq ft · Built: 1955
Occupancy Status
$462K - $513K
Est. Value
161 Murray St, Portland, ME 04103
3 beds · 1 baths · 1,456 sq ft · Built: 1988
Owned for 5 - 10 Years
$351K - $380K
Est. Value
176 Murray St, Portland, ME 04103
2 beds · 2 baths · 900 sq ft · Last Sold: $290,000 in 2019 · Built: 1982
Owner Age 45 - 55
$515K - $586K
Est. Value
32 Pya Rd, Portland, ME 04103
4 beds · 2 baths · 2,127 sq ft · Last Sold: $805,000 in 2022 · Built: 1953
Owner Age Above 75
$587K - $661K
Est. Value
89 Murray St, Portland, ME 04103
3 beds · 1 baths · 1,696 sq ft · Built: 1928
Owner Age 55 - 65
$588K - $653K
Est. Value
93 Gleckler Rd, Portland, ME 04103
5 beds · 1 baths · 1,746 sq ft · Built: 1941
Large Lot Advantage
$515K - $561K
Est. Value
86 Gleckler Rd, Portland, ME 04103
3 beds · 1 baths · 1,441 sq ft · Built: 1928
Owned for 10 - 15 Years
$461K - $516K
Est. Value
97 Codman St, Portland, ME 04103
3 beds · 1 baths · 1,248 sq ft · Last Sold: $314,900 in 2013 · Built: 1937
High Demand Long-Term Rental
$315K - $345K
Est. Value
60 Wellwood Rd, Portland, ME 04103
2 beds · 1 baths · 896 sq ft · Last Sold: $225,000 in 2017 · Built: 1957
Owned for Less Than 5 Years
$497K - $551K
Est. Value
15 Brookside Ln, Portland, ME 04103
4 beds · 2 baths · 1,992 sq ft · Built: 1956
Owner Age Above 75
$479K - $532K
Est. Value
101 Vannah Ave, Portland, ME 04103
3 beds · 2 baths · 1,439 sq ft · Built: 1964
Owner Age 35 - 45
$354K - $401K
Est. Value
41 Gleckler Rd, Portland, ME 04103
2 beds · 1 baths · 1,330 sq ft · Last Sold: $329,000 in 2019 · Built: 1935

Market Benchmarks

Compare data for 39 Read St in Cumberland County to the median in the neighborhood area and surrounding markets, where available.

View neighborhood benchmarks

Property

Neighborhood

Difference

State

Difference

$470,641

$484,489

-$13,848 (-3%)

$398,215

$72,426 (18%)

$******

$********

$****** (****%)

$632,037

-$54,688 (-9%)

YoY Price Change

****%

4.16%

-357%

Year Built

1920

1945

-25 years

1977

-57 years

Living Space

1,638 sq ft

1,440 sq ft

198 (14%)

1,444 sq ft

194 (13%)

$ Per Living Sq Ft

$287

$341

-$53 (-16%)

$271

$16 (6%)

Lot Size

9,148 sq ft

7,405 sq ft

1743 (24%)

35,284 sq ft

-26136 (-74%)

$ Per Lot Sq Ft

$51

$66

-$15 (-22%)

$24

$28 (119%)

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$*** (****%)

$24,077

-$2,213 (-9%)

Annual Revenue

$37,200

$35,400

$1,800 (5%)

$33,600

$3,600 (11%)

$*****

$**** (****%)

$9,921

$5,415 (55%)

Net Operating Income

$*****

$*** (****%)

$24,077

-$2,213 (-9%)

Cap Rate

****%

—

5.68%

—

View Neighborhood Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

Residence	************
Landline
Distance from Property	**********

Property Condition	****View Condition
Property Type	Single Family Home
Total Bedrooms	3
Total Bathrooms	1
Year Built	1920
Building Sq Ft	1,638 sq ft
Lot Size	0 Acres
Living Space	1,638 sq ft
Heating / Fuel	Steam
Garage	Garage
Fireplace	Yes

Loan Amount	$******
Lender	Bangor Svgs Bk
Origination Date	March 17, 2022
Interest Rate	****%
Term	30 Years
Rate Type	Fixed
Est Balance	$********
Due Date	**************
Equity	View Equity

APN	PTLD-000156-B000001-000001
Census Tract	0018003000
Municipality	Portland City
County	Cumberland
Subdivision	L W Dyer
Neighborhood	Back Cove
Longitude / Latitude	-70.279811 / 43.680734
Lot Size	9,148 sq ft

39 Read St Portland, ME 04103

property value

$470,641

neighborhood valuation

$484,489

market valuation

$419,454

investment intelligence

Investment Potential for 39 Read St

rental income

property appreciation

Last Sale Amount

$698,625

property value

$471K

($439K - $507K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 39 Read St

Appreciation Since Purchased

-$227,984

Number of Owners

1

Number of Residents

2

Property Owners

Michaela I Stephenson, age **

Property Ownership Information

Occupancy

Property Details for 39 Read St

Estimated Mortgage Balance

Estimated Equity

$******

Property Age

105 years

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Mortgage & Equity Information

Recommended Properties in Back Cove

$392K - $439K

Est. Value

59 Irving St, Portland, ME 04103

3 beds · 1 baths · 1,277 sq ft · Built: 1900

$358K - $394K

Est. Value

72 Wellwood Rd, Portland, ME 04103

3 beds · 2 baths · 1,556 sq ft · Built: 1930

$516K - $582K

Est. Value

25 Pya Rd, Portland, ME 04103

3 beds · 1 baths · 1,458 sq ft · Built: 1950

$294K - $328K

Est. Value

73 Canco Rd, Portland, ME 04103

2 beds · 1 baths · 629 sq ft · Last Sold: $319,900 in 2020 · Built: 1943

$635K - $686K

Est. Value

28 Lincoln St, Portland, ME 04103

6 beds · 3 baths · 2,900 sq ft · Built: 1898

$601K - $659K

Est. Value

115 Woodford St, Portland, ME 04103

6 beds · 3 baths · 2,840 sq ft · Built: 1870

$330K - $375K

Est. Value

26 Bryant St, Portland, ME 04103

3 beds · 2 baths · 1,418 sq ft · Built: 1884

$410K - $458K

Est. Value

962 Washington Ave, Portland, ME 04103

3 beds · 1 baths · 1,628 sq ft · Last Sold: $175,000 in 2015 · Built: 1900

$538K - $609K