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Off market
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  • $1,481,000

    547 Preble St, South Portland, ME 04106

    5beds
    3baths
    2,280sqft
    SingleFamily
    Built in 1900
    10,018 Square Feet Lot
    $1,481,000 Zestimate®
    $650/sqft
    $5,517 Estimated rent

    Home value

    $1,481,000

    $1.33M - $1.66M

    $5,517/mo

    Zestimate® history
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    Owner options

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    $5,517/mo

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    $5,517/mo

    Rent Zestimate®

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    $7,471/mo

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    $7,471/mo

    Est. payment

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    What's special

    Stop paying rent and start enjoying Willard Beach! Tired of paying someone else's mortgage....come see this classic and spacious Gambrel just a few blocks from Willard Beach, Scratch Bakery, The Cookie Jar, Portland Players, and Ft. Williams. 547 Preble is ideal in many ways.It is currently being used as a legal 2-unit, but could easily be converted back to a single-family home. One unit is larger with 4 bedrooms and 2 baths, and the smaller unit is a 1 bedroom with 1 bath. Adorable second floor walk-up with its own private entrance and parking. Currently it is under-rented at $700 a month. This is an ideal weekly summer rental or AirBNB or could convert back to the original homestead. The choice is yours.The new owner can enjoy the benefits of single-family living and have their monthly costs offset by the rental income. Maybe you want to rent both units or maybe you want to live in the smaller unit and rent out the larger unit. Other properties of this size in the Willard Beach area are getting $1,900 a month or more year round.Come see how you can enjoy the comforts of your new home with an updated kitchen, period details, tall ceilings, great natural light, and potential for a first floor bedroom.There is a private driveway that runs along the left side of 547 Preble Street as you are facing it from the road. It leads to a spacious back yard that is nice and level. Do not get confused with the driveway on the right side of the property. That driveway belongs to 541 Preble Street which has recently been split off from 547 and will be undergoing its own renovations.With houses in the Willard Beach area still much more affordable than those near Higgins Beach - Don't wait too long to set up your private showing and beat the competition. Call 207-232-6127 or email mgup@kw.com.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Other
    Cooling
    • None
    Interior area
    • Total interior livable area: 2,280 sqft

    Property

    Lot
    • Size: 10,018 sqft
    Details
    • Parcel number: SPORM001L137

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1900

    Community & neighborhood

    Location
    • Region: South Portland

    Price history

    DateEventPrice
    11/6/2014Sold$634,000+33.5%$278/sqft
    Source: Maine Listings #1155716 Report a problem
    10/1/2014Price change$475,000-26.8%$208/sqft
    Source: Keller Williams - Greater Portland #1155701 Report a problem
    8/27/2014Price change$649,000+22.7%$285/sqft
    Source: RE/MAX Allied #1148742 Report a problem
    8/6/2014Listed for sale$529,000+53.3%$232/sqft
    Source: RE/MAX Allied #1148742 Report a problem
    5/31/2006Sold$345,000$151/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$13,034 +15.8%$987,400 +24%
    2023$11,258 +3.7%$796,200 +14.2%
    2022$10,853 +16.2%$697,500 +47.5%
    2020$9,342 +5.6%$473,000
    2019$8,848 -0.2%$473,000 -1.3%
    2018$8,869 +2.8%$479,400
    2017$8,629 +5.5%$479,400 +3.8%
    2016$8,177 +1.7%$462,000
    2015$8,039 +16%$462,000
    2014$6,929 -0.1%$462,000 +11.3%
    2013$6,934 $415,200

    Find assessor info on the county website

    Neighborhood: 04106

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $1,481,000
    2% more
    +$29,620
    With Zillow Showcase(estimated)
    $1,510,620