48 State Street, Unit 1

Closed 10/26/22

Sold

Last Sold Price

$424,000

1 bed2 baths1,100 sqft$385/sqft

48 State St, Unit 1, Portland, ME 04101

CondoProperty Type

1890Year Built

$385/sq ftPrice per sq ft

$275/moHOA Fees

Description

Nicely updated, Portland condo settled in a great location on State Street. This unit offers a primary en-suite with a beautiful marble bathroom, updated kitchen with soapstone countertops, cherry cabinets with crown molding, high end appliances, including a Wolf gas stove, a grand living room area, and an amazing finished lower level, which could be used as a bonus room or home office space. The lower level also provides a half bathroom, in-unit laundry, a great storage room within the unit, and...Nicely updated, Portland condo settled in a great location on State Street. This unit offers a primary en-suite with a beautiful marble bathroom, updated kitchen with soapstone countertops, cherry cabinets with crown molding, high end appliances, including a Wolf gas stove, a grand living room area, and an amazing finished lower level, which could be used as a bonus room or home office space. The lower level also provides a half bathroom, in-unit laundry, a great storage room within the unit, and a separate storage unit in the shared lower level space. One deeded parking space, with the option to rent a second from the association for just $60/month, makes this condo very desirable. Enjoy all of the amenities downtown Portland has to offer!

Listed by: David Banks 207.773.2345 dbanks@davidbanksteam.com • RE/MAX By The Bay

Listing closed: 10/26/2022 12:00 AM • Source: Maine Listings, MLS#: 1543968

Recent comparable sales

Median sold price

$475,000

Avg days on market

Sale-to-list ratio

96.6%

1/30

$475,000

Sold 08/28/26

1
Bedrooms: 1
Bathrooms: 1,100
Square Feet: Unavailable
Acres

269 Commercial Street, Unit 5B, Portland, ME 04101

1/47

$460,000

Sold 05/30/25

1
Bedrooms: 1
Bathrooms: 1,090
Square Feet: Unavailable
Acres

21 Chestnut Street, Unit 305, Portland, ME 04101

1/32

$415,000

Sold 12/09/25

1
Bedrooms: 1
Bathrooms: 1,024
Square Feet: Unavailable
Acres

21 Chestnut Street, Unit 203, Portland, ME 04101

1/33

$495,000

Sold 06/27/25

1
Bedrooms: 1
Bathrooms: 1,113
Square Feet: Unavailable
Acres

15 Brown Street, Unit 205, Portland, ME 04101

1/49

$510,000

Sold 06/01/26

1
Bedrooms: 1
Bathrooms: 959
Square Feet: Unavailable
Acres

273 Congress Street, Unit 9, Portland, ME 04101

1/34

$475,000

Sold 05/29/25

1
Bedrooms: 1
Bathrooms: 920
Square Feet: Unavailable
Acres

269 Commercial Street, Unit 5C, Portland, ME 04101

1/32

$325,000

Sold 04/10/26

1
Bedrooms: 1
Bathrooms: 939
Square Feet: Unavailable
Acres

7 Walker Street, Unit 3, Portland, ME 04102

1/36

$528,500

Sold 10/31/25

1
Bedrooms: 1
Bathrooms: 952
Square Feet: Unavailable
Acres

150 Middle Street, Unit 4B, Portland, ME 04101

1/41

$464,500

Sold 03/03/25

1
Bedrooms: 1
Bathrooms: 903
Square Feet: Unavailable
Acres

40 Portland Pier, Unit 9, Portland, ME 04101

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Location

Listing Courtesy of RE/MAX By The Bay

Sold By Benchmark Real Estate

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$2,724 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,191

Property Taxes

$258

HOA Dues

$275

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Property Information for 48 State Street, Unit 1

Property Details

Taxes: $3,096 / year
MLS Type: Residential / Condominium
County: Cumberland County
Architectural Style: Other
Style: Other
Has Waterfront: No
Zoning: R6

Building Information

Building/Complex: 48 State St
Residences: 12
Year Built: 1890

Summary

Location and General Information

Water View: No
Location: Historic District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood

Page: 001
Directions: GPS Friendly
Latitude: 43.649575
Longitude: -$70.26
Unit Number: 1

Taxes and HOA

Association Fee: $275.00
Association: Yes

Parcel Number: PTLD-000044-C000020-000001
Tax Lot: C020
Tax Book Number: 35270
Tax Map Number: 44
Tax Year: 2021
Association Fee Frequency: Monthly
Tax Annual Amount: $3,096.00

Parking

Parking Features: Reserved Parking, 1 - 4 Spaces, Paved, Common, On Site, Off Street
Parking: 1 - 4 Spaces, On Site, Off Street

Reserved Parking: Yes
Vehicle Storage: No Vehicle Storage
Has Attached Garage: No
Has Garage: No

Property

Lot Information

Lot Features: Well Landscaped, Open, Level, Sidewalks, Historic District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood
Lot Size Source: Public Records

Roads: Paved, Public
Road Surface Type: Paved
Site: Level, Open, Sidewalks, Well Landscaped

Property and Assessments

Above Grade Finished Area: 651.0
Below Grade Finished Area: 449.0

Building Area Source: Public Records
Building Area Total: 1100.0
Property Sub Type: Condominium
Property Type: Residential
Construction: Wood Frame
Year Built: 1890

Building Features

FHA Certification: Yes
Foundation Details: Brick/Mortar

Foundation Materials: Brick/Mortar
Construction Materials: Brick, Wood Frame

Financial Information

List Price/SqFt: $606.76

Utilities

Heat Fuel: Gas Natural
Electric: Circuit Breakers

Gas: Natural - On Site
Sewer: Public Sewer
Water Source: Public
Water Heater: Tank

Interior and Exterior Features

Exterior Features

Exterior: Brick
Roof: Fiberglass

Driveway: Common, Paved

Interior Features

Amenities: 1st Floor Primary Bedroom w/Bath, Laundry - Hookup, Other Amenities, Pantry, Shower, Storage
Appliances: Washer, Refrigerator, Gas Range, Dryer, Dishwasher

Appliances Included: Dishwasher, Dryer, Gas Range, Refrigerator, Washer
Other Appliances: Wine Fridge
Bathrooms Full: 1
Bathrooms Half: 1
Bathrooms Total Decimal: 1.5
Bathrooms Total Integer: 2
Bedrooms Total: 1
Laundry Features: Washer Hookup
# Full Baths Level 1: 1
Rooms Total: 5
Basement: Interior, Walk-Out Access, Brick/Mortar
Basement: Walk-Out Access, Brick/Mortar
Basement Entry: Interior
# Half Baths Basement: 1.0
Has Fireplace: No
Has Cooling: No
Heating: Direct Vent Heater
Has Heating: Yes
Flooring: Wood, Tile
Interior Features: 1st Floor Primary Bedroom w/Bath, Other, Pantry, Shower, Storage

Room Information

Primary Bedroom

Primary Bedroom: Primary Bedroom
Primary Bedroom Level: First

Primary Bedroom Amenities: Closet, Full Bath, Separate Shower

Bonus Room

Bonus Room: Bonus Room
Bonus Room Level: Basement

Kitchen

Kitchen: Kitchen
Kitchen Level: First

Kitchen Amenities: Pantry

Laundry

Laundry Room Amenities: Washer Hookup

Living Room

Living Room: Living Room
Living Room Level: First

Living Room Amenities: Cathedral Ceiling

Office Room

Office: Office
Office Level: Basement

Multi Family

Multi Family Information

Number Of Units In Community: 12
Condominium Unit Type: Condo

Rental

Rent Information

Land Lease: No

Property History for 48 State Street, Unit 1

Date	Event & Source	Price	Appreciation
Oct 26, 2022	Sold (Public Record) Public Record #1500443631	$424,000	—
Oct 26, 2022	Sold Maine Listings #1543968	$424,000	—
Sep 27, 2022	Pending Maine Listings #1543968		—
Sep 21, 2022	Listed (Active) Maine Listings #1543968	$395,000	—
Nov 2, 2018	Sold Maine Listings #1367809	$305,000	—
Sep 18, 2018	Pending Maine Listings #1367809		—
Sep 4, 2018	Listed (Active) Maine Listings #1367809	$299,900	—
Dec 19, 2002	Sold Maine Listings #562471	$119,000	—
Nov 4, 2002	Pending Maine Listings #562471		—
Nov 4, 2002	Active Under Contract Maine Listings #562471		—
Jun 4, 2002	Listed (Active) Maine Listings #562471	$124,900	—

Date	Event & Source	Price
10/26/2022	Sold (Public Record) Public Record #1500443631	$424,000
10/26/2022	Sold Maine Listings #1543968	$424,000
09/27/2022	Pending Maine Listings #1543968	—
09/21/2022	Listed (Active) Maine Listings #1543968	$395,000
11/02/2018	Sold Maine Listings #1367809	$305,000
09/18/2018	Pending Maine Listings #1367809	—
09/04/2018	Listed (Active) Maine Listings #1367809	$299,900
12/19/2002	Sold Maine Listings #562471	$119,000
11/04/2002	Pending Maine Listings #562471	—
11/04/2002	Active Under Contract Maine Listings #562471	—
06/04/2002	Listed (Active) Maine Listings #562471	$124,900

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

Public Records for 48 State Street, Unit 1

Taxable ValueLand$78,400Additions$313,700Total$392,100

Tax Record2025$4,697 ($391 / month)

Home Facts

Beds1Baths1Total Finished SqFt651 SqFtAbove Grade Finished SqFt651 SqFtStories1StyleCondominiumYear Built1890Year Renovated1890CountyCUMBERLANDAPNPTLD M:044 B:C020001

Schools near 48 State Street, Unit 1

This home is within Portland Public Schools.


Rating	School	Type	Grades	Distance
3/10	Howard C Reiche Community School	Public - Serves this home	PK to 5	0.3 mi
2/10	King Middle School	Public - Serves this home	6 to 8	0.9 mi
5/10	Casco Bay High School	Public - Choice school	9 to 12	3.7 mi
2/10	Deering High School	Public - Choice school	9 to 12	2.3 mi
4/10	Portland High School	Public - Choice school	9 to 12	0.7 mi
NR	Sonlight Christian School	Private - Nearby school	3 to 12	0.4 mi
NR	Cathedral School	Private - Nearby school	PK to 8	0.9 mi
NR	East School	Private - Nearby school	5 to 8	0.7 mi


Rating	School	Distance
3/10	Howard C Reiche Community School PublicPK to 5 Serves this home	0.3 mi
2/10	King Middle School Public6 to 8 Serves this home	0.9 mi
5/10	Casco Bay High School Public9 to 12 Choice school	3.7 mi
2/10	Deering High School Public9 to 12 Choice school	2.3 mi
4/10	Portland High School Public9 to 12 Choice school	0.7 mi
NR	Sonlight Christian School Private3 to 12 Nearby school	0.4 mi
NR	Cathedral School PrivatePK to 8 Nearby school	0.9 mi
NR	East School Private5 to 8 Nearby school	0.7 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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 48 State Street, Unit 1, Portland, ME 04101	$424,000	1	2	1,100	–
48 State Street, Unit 24, Portland, ME 04101	$310,000	1	1	685	–
48 State Street, Unit 23, Portland, ME 04101	$145,000	1	1	685	–
48 State Street, Unit 3, Portland, ME 04101	$195,000	1	1	685	–
48 State Street, Unit 33, Portland, ME 04101	$260,000	1	1	685	–
48 State Street, Unit 2, Portland, ME 04101	$235,000	1	1	651	–
48 State Street, Unit 34, Portland, ME 04101	$325,000	1	1	685	–
48 State Street, Unit 22, Portland, ME 04101	$389,000	1	1	689	–
42 State Street, Unit 2, Portland, ME 04101	$417,300	2	2	1,421	–
42 State Street, Unit 1, Portland, ME 04101	$650,000	2	2	1,421	–
42 State Street, Portland, ME 04101	–	–	–	–	–
52 State Street, Unit 3, Portland, ME 04101	$175,000	1	1	442	–
36 State Street, Portland, ME 04101	–	–	–	14,493	11,286
54 State Street, Portland, ME 04101	–	–	–	7,784	6,233
39 Tyng Street, Portland, ME 04102	–	–	–	9,408	7,340
47 Tyng Street, Portland, ME 04102	–	3	1.5	2,190	3,080

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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.

Listing Courtesy of RE/MAX By The Bay

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

Portland, ME

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