Neighborhood
57 Bay View Dr, Portland, ME 04103
4 beds · 1 bath · 1,734 sq ft · Lot: 6,970 sq ft · Single Family Home · Built: 1941
Est. Value:
$668K
Est. Rent:
$3K/month

57 Bay View Dr Portland, ME 04103

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4 beds · 1 bath · 1,734 sq ft · Lot Size: 6,970 sq ft · Single Family Home · Back Cove
Est. Property Value: $668,057

Valued above Market MedianOwner Age 65 - 75

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57 Bay View Dr is in the Back Cove neighborhood of Portland, ME. It is located in Cumberland County and ZIP code 04103. This Single Family Home was built in 1941 and is approximately 84 years old. The single family home spans 1734 sq ft with 4 bedrooms and 1 bathroom and sits on a 6970 sq ft lot. According to public records, it was sold for $322,000 and has a tax-assessed value of $1,173,440, which is $385 per sq ft. The Back Cove area of Portland has 210 residential homes with an average size of 2076.5 sq ft. Analyze and compare real estate investment strategies for properties like this home at 57 Bay View Dr Portland, ME 04103 with Property Intel by Whitepages.

Investment Potential for 57 Bay View Dr

The property has a current estimated value of $668,057, which is 20% above the neighborhood median, based on public records. It last sold for $322,000. Projected long-term
is $36,000 annually ($3,000 per month) with a 93% occupancy rate.

Discover more Single Family Homes in Back Cove.
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Long-Term

Gross Rental
$36,000 per year($3,000 per month)
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 57 Bay View Dr

This property is owned by Charles F Myers. Owner contact information includes 1 phone number and 4 email addresses.

Property Owners

Residence************
Landline
Distance from Property**********
Email Address*********@aol.comView Email

OccupationProject Manager, Mainehealth Institute For Research
Cell Phone(207) ***-****View Cell Phone
Residence************
Landline
Distance from Property**********
Email Address**************@yahoo.comView Email
View All Owner Info

Property Ownership Information

Property Tax Amount$8,204 in 2024
Purchase Price$322,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1************ age 25
Resident 2*************
Resident 3*************** age 66
Resident 4******************** age 55

Property Details for 57 Bay View Dr

Property Details

Property Sq Ft

Living Area

1,734 sq ft

16% below market

Lot Size

6,970 sq ft

16% below market

Price Per Sq Ft

Living Area

$385 / sq ft

20% above market

Lot Size Area

$96 / sq ft

27% above market

Property condition, age, exterior, etc. for 57 Bay Vie…
Longitude: -70.280254 Latitude: 43.674023 Parcel Number (APN): PTLD-000128-G000022-000001…
Mortgage originated on through lender: UNKNOWN for$*****View Mortgage Details
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Recommended Properties in Back Cove

Discover more single family homes near 57 Bay View Dr 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.

Market Benchmarks

Compare data for 57 Bay View Dr in Cumberland County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$668,057
$490,635
$177,421 (36%)
$******
$781,835
$37,691 (5%)
YoY Price Change
—
—
—
Year Built
1941
1970
-29 years
Living Space
1,734 sq ft
2,096 sq ft
-362 (-17%)
$ Per Living Sq Ft
$385
$262
$124 (47%)
Lot Size
6,970 sq ft
34,412 sq ft
-27442 (-80%)
$ Per Lot Sq Ft
$96
$27
$69 (253%)

Net Operating Income
$*****
$22,133
-$3,994 (-18%)
Annual Revenue
$36,000
$33,000
$3,000 (9%)
$*****
$11,596
$6,265 (54%)
Net Operating Income
$*****
$22,133
-$3,994 (-18%)
Cap Rate
****%
4.24%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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