366 Cottage Road

Closed 10/20/22

Sold

Last Sold Price

$1,715,000

9 baths6,720 sqft

366 Cottage Rd, South Portland, ME 04106

Multi FamilyProperty Type

0.35 acresLot Size

1968Year Built

$255/sq ftPrice per sq ft

Description

Rare South Portland 9 Unit on Cottage Rd. Well maintained property with excellent rental history. Open Showings on July 8th from 10 a.m. to 12 p.m. and July 12th from 12 p.m. to 2 p.m. Offer deadline: July 14th at 5 p.m. Units 1,2,3,4,&8 are Subsidized by Opportunity Alliance.Rare South Portland 9 Unit on Cottage Rd. Well maintained property with excellent rental history. Open Showings on July 8th from 10 a.m. to 12 p.m. and July 12th from 12 p.m. to 2 p.m. Offer deadline: July 14th at 5 p.m. Units 1,2,3,4,&8 are Subsidized by Opportunity Alliance.

Listed by: Katherine Breggia 207.773.7100 katie@dunhamgroup.com • The Dunham Group

Listing closed: 10/20/2022 12:00 AM • Source: Maine Listings, MLS#: 1535187

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Location

Listing Courtesy of The Dunham Group

Sold By The Dunham Group

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$10,208 per month

30 year fixed, 7.03% Interest

Principal and Interest

$9,156

Property Taxes

$1,052

HOA Dues

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Property Information for 366 Cottage Road

Property Details

Taxes: $12,624 / year
MLS Type: Multi-Family
County: Cumberland County
Has Waterfront: No
Zoning: MHCC

Building Information

Residences: 9
Year Built: 1968
Lot Size: 0.35 AC / 15,246 SF

Summary

Location and General Information

Water View: No
Location: Near Shopping, Near Town

Page: 192
Zoning Overlay: No
Latitude: 43.635955
Longitude: -$70.24

Taxes and HOA

Association: No
Parcel Number: SPOR-000010-000000-000208

Tax Lot: 208
Tax Book Number: 27547
Tax Map Number: 10
Tax Year: 2021
Tax Annual Amount: $12,624.00

Parking

Parking Features: Paved, Common, On Site
Parking: On Site, Paved

Vehicle Storage: No Vehicle Storage
Has Attached Garage: No
Has Garage: No

Property

Lot Information

Lot Features: Sidewalks, Near Shopping, Near Town
Lot Size Acres: 0.35

Lot Size Area: 0.35
Lot Size Source: Public Records
Lot Size Square Feet: 15246.0
Lot Size Units: Acres
Roads: Public
SqFt Source: Public Records
Site: Sidewalks

Property and Assessments

Above Grade Finished Area: 6720.0
Building Area Total: 6720.0

Property Type: Multi-Family
Surveyed: No
Construction: Wood Frame
Year Built: 1968

Building Features

Levels: Multi-Level
Levels: Multi-Level

Construction Materials: Aluminum Siding, Wood Frame

Financial Information

List Price/SqFt: $290.18

Utilities

Heat Fuel: Gas Natural
Electric: Circuit Breakers

Gas: Natural - At Street
Sewer: Public Sewer
Water Source: Public
Water Heater: Gas
Utilities: Utilities On
Utilities On: Yes

Interior and Exterior Features

Exterior Features

Exterior: Aluminum Siding
Roof: Shingle

Driveway: Common, Paved

Interior Features

Bathrooms Full: 9
Bathrooms Total Decimal: 9.0

Bathrooms Total Integer: 9
Basement: Not Applicable
Has Cooling: No
Heating: Other Heat System, Direct Vent Heater
Has Heating: Yes
Flooring: Wood, Carpet

Multi Family

Multi Family Information

# of 1 BD Units: 3
# of 2 BD Units: 6

Number Of Units Total: 9

Income & Expenses

Gross Income: $129,024.00
Operating Expense: $34,447.90

Unit Information

Unit 1

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: No
Level: Second
Security Deposit: Yes
Actual Rent: $1,292.00
Beds Total: 2
Rooms Total: 5

Unit 2

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: Yes
Level: First
Security Deposit: Yes
Actual Rent: $1,000.00
Beds Total: 1
Rooms Total: 4

Unit 3

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: No
Level: Third
Security Deposit: Yes
Actual Rent: $1,182.00
Beds Total: 2
Rooms Total: 5

Unit 4

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: No
Level: First
Security Deposit: Yes
Actual Rent: $1,265.00
Beds Total: 2
Rooms Total: 5

Unit 5

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: No
Level: Third
Security Deposit: Yes
Actual Rent: $1,250.00
Beds Total: 1
Rooms Total: 4

Unit 6

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: No
Level: Second
Security Deposit: Yes
Actual Rent: $1,386.00
Beds Total: 2
Rooms Total: 5

Unit 7

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: No
Level: Third
Security Deposit: Yes
Actual Rent: $1,265.00
Beds Total: 2
Rooms Total: 5

Unit 8

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: No
Level: First
Security Deposit: Yes
Actual Rent: $1,375.00
Beds Total: 2
Rooms Total: 5

Unit 9

Num Full Baths: 1
Dedicated Gas Meter: Yes

Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: No
Heat: No
Range: Yes
Lease: No
Level: Second
Security Deposit: Yes
Actual Rent: $737.00
Beds Total: 1
Rooms Total: 4

Rental

Rent Information

Land Lease: No

Property History for 366 Cottage Road

Date	Event & Source	Price	Appreciation
Oct 20, 2022	Sold Maine Listings #1535187	$1,715,000	—
Sep 27, 2022	Pending Maine Listings #1535187		—
Jul 5, 2022	Listed (Active) Maine Listings #1535187	$1,950,000	—

Date	Event & Source	Price
10/20/2022	Sold Maine Listings #1535187	$1,715,000
09/27/2022	Pending Maine Listings #1535187	—
07/05/2022	Listed (Active) Maine Listings #1535187	$1,950,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 366 Cottage Road

Taxable Value

Land

$401,300

Additions

$765,000

Total$1,166,300

Tax Record

2025

$15,920 ($1,327 / month)

Home Facts

Total Finished SqFt

6,720 SqFt

Above Grade Finished SqFt

6,720 SqFt

Stories

Lot Size

392,040 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1968

Year Renovated

1968

Zoning

County

CUMBERLAND

APN

SPOR M:010 L:208

Schools near 366 Cottage Road

This home is within South Portland Public Schools.


Rating	School	Type	Grades	Distance
9/10	Dora L Small Elementary School	Public - Serves this home	K to 4	0.4 mi
NR	South Portland Middle School	Public - Serves this home	5 to 8	3.4 mi
6/10	South Portland High School	Public - Serves this home	9 to 12	1.9 mi
7/10	Daniel F. Mahoney Middle School	Public - Nearby school	5 to 8	0.8 mi
5/10	Memorial Middle School	Public - Nearby school	6 to 8	3.4 mi
NR	Spurwink School--S Portland	Private - Nearby school	2 to 10	0.2 mi
NR	Holy Cross School	Private - Nearby school	PK to 8	0.6 mi


Rating	School	Distance
9/10	Dora L Small Elementary School PublicK to 4 Serves this home	0.4 mi
NR	South Portland Middle School Public5 to 8 Serves this home	3.4 mi
6/10	South Portland High School Public9 to 12 Serves this home	1.9 mi
7/10	Daniel F. Mahoney Middle School Public5 to 8 Nearby school	0.8 mi
5/10	Memorial Middle School Public6 to 8 Nearby school	3.4 mi
NR	Spurwink School--S Portland Private2 to 10 Nearby school	0.2 mi
NR	Holy Cross School PrivatePK to 8 Nearby school	0.6 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.