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982 Highland Ave
Score
67
South Portland, ME

982 Highland Ave

735K
4 bd • 2.5 ba • 2,800 sf

This analysis was generated on 4/1/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$735,300
+30%vs 04106
Price/Sq.Ft
$263
-25%vs 04106
Above Fair Value
33.7% above range

Current Price

$735,300

Fair Range

$525,000 - $550,000

$735,300
Below Market-20%
Above Market+20%

Negotiation Leverage

3 points to consider in your offer

Recommended Offer

$535,000
Success Probability:High(75%)

AI Rationale

Reflects market value adjusted for necessary renovations and DOM. Seller motivation is likely higher due to extended listing period.

Overall Score
67
68
Home Condition
75
Natural Light
69
Value
62
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Exterior Siding
Exterior Siding

Exterior Siding

The exterior siding appears dated and could benefit from replacement or painting.

Outdated Light Fixture
Outdated Light Fixture

Outdated Light Fixture

The light fixture in the bathroom is outdated.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Jan
1970
$0Financed
January 1, 1970
From:Trinh N Lam
To:Maine Coastal Homes Llc
Intrafamily Transfer
Non-Arm's Length Transactions

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$735,300
-30%List: $735,300+30%
20%
$147,060of $735,300
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $3,088/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$196,122
Closing Costs
+$49,062
Down Payment
$147,060
Buyer Agent Fee
$18,750
Loan Fees
$5,882
Title & Escrow
$4,412
Inspections
$900
Transfer Tax
$8,088
Prepaid Expenses
$11,030

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
2637 days
vs 36 day average
This home has been listed for 2637 days, while homes in this area typically sell in 36 days
Inventory Health
19
homes for sale
18 homes sold last month, indicating 1.1x more supply than demand
Price Dynamics
99.2%
of asking price
Homes typically sell for 0.8% below asking price

Price Trajectory

$524,305
Current median price
+27.4%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is stable
Prices are up 0.1% over the last 3 months
3 Months
+0.1%
6 Months
-1.1%
1 Year
+27.4%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 58.8% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$524,305
3 Months Ago
$280,000
+87.3%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$735,300
Price/sqft
$263
Layout
4 bd2.5 ba
Days on market
2637 daysat time of analysis

Stats in the Area

Based on 2 comparable properties nearby

Average Price

$868,950

15.4%

Your price is 15.4% below average

Median Price

$1,060,000

30.6%

Based on 2 recent sales

Price per Sq.Ft

$303

13.3%

Your price is 13.3% below average $/sqft

Comparable Properties

192 Elderberry Drive, South Portland, ME 04106
Price: $677,900
Sq.Ft: 2,673
Beds/Baths: 4/3
$/Sq.Ft:
$2543.4%
Sale Date: 11/13/2024
126 Fickett Street, South Portland, ME 04106
Price: $1,060,000
Sq.Ft: 3,011
Beds/Baths: 4/3
$/Sq.Ft:
$35234.1%
Sale Date: 11/23/2024

Schools

Details about nearby schools in this area

Neighborhood Mobility

How easily you can get around with or without a car

Scores are out of 100. Higher scores indicate better accessibility. Data provided by Walk Score®.

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 3 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect the in-law suite/office skylights for leaks, cracks, or discoloration.

Thoroughly inspect the basement for signs of water damage, including stains, mold, and musty odors.

Questions to Ask

Important questions to ask during the tour

Can you provide documentation for the 'NEW' furnace, including the installation date, warranty information, and any maintenance records?

What type of heating system is the 'other' heating listed, and what are the average monthly heating costs?

Given the moderate fire and major wind risk, have any mitigation measures been implemented, such as fire-resistant materials or hurricane shutters?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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