42 Lafayette Street, Portland, ME 04101

$1,600,000
Property Type: Multi-Family Baths: 3 Square Footage: 3,231 Lot Size (sq. ft.): 6,098 Status: Closed
Current Price: $1,600,000 List Date: 7/25/2023 Last Modified: 1/15/2025

Description

From a commanding location at the very precipice of Portland's prestigious Munjoy Hill this grand home that dates back to 1865 has been restored and reimagined and delivers the ideal owner occupant experience. Over the last several years the current owners have quite literally saved this home from the wrecking ball and transformed it from decay to deluxe. Like many of the homes on the East End this property needed major updates and upgrades and rest assured they were done and done to a high level. This was a full gut-rehab from foundation to roof nearly everything is new and designed to be low maintenance and super efficient. From full re-insulation, re-wiring, new plumbing, kitchens, baths, super efficient mini-splits for heat and ac, landscaping, new driveway and so much more. The full interior renovation also means where you live will be lead free/safe. Not intending to sell, the owner has a master plan that contemplates an additional 3rd floor unit with a water view sky-deck (remember this is the highest part of Munjoy Hill so the view will be breathtaking) and has already received approvals for condo conversion. Currently setup is as a 2 unit with 1 - 2 bedroom, 1 bath unit and 1 - 3 bedroom, 2 bath unit. Each with in-unit laundry. Buy and enjoy this terrific 2 family, buy and convert back to a single family or buy and turn around and sell as condos. The possibilities are many for this historic yet modern marvel on Munjoy Hill.

Supplements: ********

More Information MLS# 1566545

Location Information

Book: 35388 Leased Land: No Page: 099 Map: 14 Block: A Lot: 13 Zoning Overlay: Yes Association: No Street #: 42 Street Name: Lafayette Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 3232 Zoning: R6 Neighborhood Association: Munjoy Hill ~ East End Full Tax Amount $: 11956 Tax Year: 2022 Geo Lat: 43.667143 Geo Lon: -70.248956

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 2 Deed/Conveyance Type Offered: Warranty Lot Size Acres +/-: 0.14 Total Baths: 3 Total Half Baths: 0 Color: Sage SqFt Finished Above Grade: 3231 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: Yes Garage Spaces: 1 Total Full Baths: 3 Year Built: 1865 SqFt Finished Total: 3231 Source of Acreage: Public Records

Site

Level: 1 Open: 1 Sidewalks: 1 Well Landscaped: 1

Location

Intown: 1 Near Country Club: 1 Near Golf Course: 1 Near Public Beach: 1 Near Railroad: 1 Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1 Neighborhood: 1

Roads

Paved: 1 Public: 1

Transportation

Deep Water Access: 1 Major Road Access: 1 Near Airport: 1 Public Transport Access: 1

Water Info

Water Frontage: No Water View: No

Recreational Water

Nearby: 1 Oceanfront: 1 Public: 1

Style

Mansard: 1

Construction

Wood Frame: 1

Other Structures

Outbuilding: 1

Basement

Full: 1 Unfinished: 1

View

Scenic: 1

Foundation Materials

Brick/Mortar: 1 Stone: 1

Exterior

Wood Siding: 1

Roof

Shingle: 1

Heat System

Heat Pump: 1

Building Info

# Floors: 3 # Heating Units: 3 # Water Heaters: 2

Heat Fuel

Electric: 1

Income & Expenses

Gross Income: 89340 Operating Expenses: 14300

Cooling

Heat Pump: 1

Floors

Laminate: 1 Tile: 1 Wood: 1

Units

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

Parking

1 - 4 Spaces: 1 Off Street: 1 On Site: 1 Paved: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 3410 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: Second Security Deposit: No Monthly Rent: 4950 # Full Baths: 2 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Gas

Natural - At Street: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Paved: 1

Sold Info

Appraiser Email Address: gspappraisal@gmail.com

Basement Entry

Interior: 1

Water Heater

Electric: 1

Amenities

1st Floor Bedroom: 1 Bathtub: 1 Laundry - 1st Floor: 1 Laundry - 2nd Floor: 1 Laundry - Hookup: 1 One-Floor Living: 1 Other Amenities: 1 Primary Bedroom w/Bath: 1 Shower: 1 Storage: 1 Walk-in Closets: 1

Vehicle Storage

1 Car: 1 Auto Door Opener: 1 Detached: 1

Contract Information

Status: Closed Original List Price: 1600000 Sold Price: $1,600,000 Current Price: $1,600,000

Status Change Info

Pending Date: 2023-08-05 Closed Date: 2023-10-06 Closed Price: 1600000

Property Features

Site: Level; Open; Sidewalks; Well Landscaped Location: Intown; Near Country Club; Near Golf Course; Near Public Beach; Near Railroad; Near Shopping; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Transportation: Deep Water Access; Major Road Access; Near Airport; Public Transport Access Recreational Water: Nearby; Oceanfront; Public View: Scenic Style: Mansard Construction: Wood Frame Other Structures: Outbuilding Basement: Full; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Wood Siding Roof: Shingle Heat System: Heat Pump Water Heater: Electric Cooling: Heat Pump Floors: Laminate; Tile; Wood Amenities: 1st Floor Bedroom; Bathtub; Laundry - 1st Floor; Laundry - 2nd Floor; Laundry - Hookup; One-Floor Living; Other Amenities; Primary Bedroom w/Bath; Shower; Storage; Walk-in Closets Driveway: Paved Parking: 1 - 4 Spaces; Off Street; On Site; Paved Vehicle Storage: 1 Car; Auto Door Opener; Detached Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Listing Office: Benchmark Real Estate
IDX
Last Updated: January - 15 - 2025
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