Score
0Portland, ME
415 Deering Avenue
683K
7 beds
3 baths
3,803 sqft
7 bd • 3 ba • 3,803 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$682,650
Price/Sq.Ft
$180
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 7-bedroom, 3-bathroom house at 415 Deering Avenue offers exceptional value at $179.50/sqft, which is approximately 25% below the Portland average of $240/sqft for similar properties. With 3,803 sqft, it's significantly larger than the typical Portland home, providing ample space for large families or potential rental income. The property's location on Deering Avenue places it in a desirable area, likely within walking distance to local amenities and potentially the University of Southern Maine. The classic New England architecture, including a charming front porch and bay windows, adds character and curb appeal that's highly sought after in the Portland market.
The Bad
While the year built is unknown, the architectural style suggests it's likely an older home, which may require significant updates and maintenance. The lack of listed features or detailed room information raises concerns about the interior condition and potential renovation needs. Given Portland's older housing stock, there's a high probability of outdated systems (plumbing, electrical, HVAC) that could require costly upgrades. The property's size, while an asset, also means higher heating costs during Maine's cold winters - a factor to consider in the total cost of ownership.
The Ugly
The absence of detailed property information is a red flag, potentially indicating severe issues that aren't being disclosed upfront. Given the age of many Portland homes, there's a significant risk of lead paint and asbestos, which could require expensive remediation (potentially $20,000-$30,000). The stone foundation visible in the image may be prone to water infiltration and structural issues common in older Portland homes, possibly necessitating extensive repairs ($10,000-$50,000). The property's large size and potential for multiple units could also mean it falls under Portland's strict rental property regulations, requiring additional inspections and potential upgrades to meet code compliance.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for buyers with a household income of $150,000+ who can manage the potentially high maintenance costs. It's ideal for large families needing 5+ bedrooms or investors looking to convert the property into a multi-unit rental, capitalizing on Portland's strong rental market (with 3-bedroom units averaging $2,410/month). The property would also appeal to history enthusiasts or renovators who appreciate the charm of older homes and have the resources to restore and maintain its character.
Not For
This property is not suitable for first-time homebuyers or those without significant renovation experience and capital. It's also not ideal for buyers seeking a move-in ready home or those unable to manage potentially high maintenance and utility costs. Given the potential for extensive renovations, it's not appropriate for those with a timeline to move in quickly or who are uncomfortable with the uncertainties of an older home.
Demographics
Area Median Income
$76,540
Property History
Price History
Ownership Timeline
$682,650Financed
Mar 1, 2024Hayden Nancy L Est, Karen L HaydenJacob Gonyea
Personal Representative Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (7 bed)
Get a detailed estimate on Zillow$1,280
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$682,650
Price/sqft
$180
Layout
7 bd•3 ba
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$822,500
17.0%
Your price is 17.0% below average
Median Price
$830,000
17.8%
Based on 2 recent sales
Price per Sq.Ft
$248
27.6%
Your price is 27.6% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 17 Powsland Street, Portland, ME 04102 | $830,000 | 3,498 | N/A | 3 | $23732.2% | 10/30/2024 |
| 79 Clinton Street, Portland, ME 04103 | $815,000 | 3,158 | N/A | 3 | $25843.8% | 9/12/2024 |
17 Powsland Street, Portland, ME 04102
Price: $830,000
Sq.Ft: 3,498
Beds/Baths: N/A/3
$/Sq.Ft:
$23732.2%
Sale Date: 10/30/2024
79 Clinton Street, Portland, ME 04103
Price: $815,000
Sq.Ft: 3,158
Beds/Baths: N/A/3
$/Sq.Ft:
$25843.8%
Sale Date: 9/12/2024
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