Active under contract

Price cut: $51K (7/23)

$599,000

87 Read Street, Portland, ME 04103

3beds

1,378sqft

$3,824/mo

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Single Family Residence

Built in 1930

0.34 Acres Lot

$-- Zestimate^®

$435/sqft

$-- HOA

What's special

Filled with natural lightHardwood flooringOriginal built-ins

New Price! Opportunity knocks in Portland's desirable Back Cove neighborhood! This classic 3-bed, 1.5-bath colonial offers 1,378 sq ft of immediate livability on an expansive 1/3-acre double lot. Filled with natural light, this home offers hardwood flooring, original built-ins, a fireplace and a sunroom perfect for home office or enjoying coffee while looking out at the large private back yard. Outside, opportunities abound for garden beds, a firepit, a place for a dog or kids to play, or future expansion. Just moments from Baxter Boulevard, Payson Park, and Portland's vibrant downtown. This home has been pre-inspected for the buyer's convenience. A great value!

33 days

1,560

89

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Bedroom 1

Features: Closet
Level: Second

Bedroom 2

Features: Closet
Level: Second

Bedroom 3

Features: Closet
Level: Second

Dining room

Features: Built-in Features, Dining Area, Informal
Level: First

Kitchen

Features: Kitchen Island
Level: First

Living room

Features: Gas Fireplace
Level: First

Sunroom

Features: Four-Season
Level: First

Heating

Steam, Radiator

Cooling

None

Appliances

Included: Dishwasher, Dryer, Gas Range, Refrigerator, Wall Oven, Washer

Features

Attic, Bathtub
Flooring: Hardwood
Windows: Double Pane Windows
Basement: Interior Entry,Full,Unfinished
Number of fireplaces: 1

Interior area

Total structure area: 1,378
Total interior livable area: 1,378 sqft
Finished area above ground: 1,378
Finished area below ground: 0

Property

Parking

Parking features: Common, Paved, 5 - 10 Spaces, On Site

Features

Patio & porch: Deck

Lot

Size: 0.34 Acres
Features: Near Town, Neighborhood, Level, Open Lot, Sidewalks

Details

Additional structures: Shed(s)
Parcel number: PTLDM141BJ006001
Zoning: RN-1
Other equipment: Cable

Construction

Type & style

Home type: SingleFamily
Architectural style: Colonial
Property subtype: Single Family Residence

Materials

Wood Frame, Vinyl Siding
Foundation: Poured Concrete
Roof: Shingle

Condition

Year built: 1930

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Air Radon Mitigation System

Location

Region: Portland

Financial & listing details

Price per square foot: $435/sqft
Tax assessed value: $337,600
Annual tax amount: $6,754
Date on market: 7/12/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/25/2026	Contingent	$599,000$435/sqft
Source: Maine Listings #1670611 Report a problem
7/23/2026	Price change	$599,000-7.8%$435/sqft
Source: Maine Listings #1670611 Report a problem
7/12/2026	Listed for sale	$650,000$472/sqft
Source: Maine Listings #1670611 Report a problem
3/31/2020	Listing removed	$2,150$2/sqft
Source: BellPort Property Management, LLC Report a problem
3/5/2020	Listed for rent	$2,150$2/sqft
Source: BellPort Property Management, LLC Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,865	$337,600
2023	$4,865 +5.9%	$337,600
2022	$4,595 +4.3%	$337,600 +78.6%
2020	$4,406	$189,000
2019	$4,406 +3.7%	$189,000
2018	$4,249 +3.8%	$189,000
2017	$4,092 +2.6%	$189,000
2016	$3,990 +2.3%	$189,000
2015	$3,899 +3.1%	$189,000
2014	$3,780 +3.1%	$189,000
2013	$3,668 +3.1%	$189,000
2012	$3,557	$189,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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