Lot/Land for Sale: 56 Cumberland Avenue, Portland, ME 04101 SOLD

$580,000
$580,000
56 Cumberland Avenue, Portland, ME 04101 SOLD
$580,000
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Selling Price: $580,000
Original List Price: $600,000
Sold at 96.7% of list price
Sold Date: 05/28/2024

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Type Lot/Land
Lot Size 0.13 acres
Taxes Paid $3,032
City Portland
County Cumberland
MLS 1540249
Status Closed
DOM 650 days
Extremely rare buildable lot in the hottest development area in Portland- Munjoy Hill! Build you dream home, multi unit, or condo complex in Portland's best neighborhood. Perfectly positioned near the top of the hill, this lot is ideally located between the observatory and Washington Ave's restaurant row. This is a right-sized project which avoids Portland's inclusionary zoning restrictions. Desirable R6 Zoning offers design flexibility, limited setbacks and a generous footprint. The lot is large enough for 8 units, however a 5 unit feels ideal. Preliminary drawings are in place for a 4 Story building with roof deck- promising stunning views. Come with your ideas, but don't wait. Inquire today. (8-unit estimate based only on square footage calculation)

Lot & Building Features

Tax Year 2021
Taxes Paid $3,032

Price History of 56 Cumberland Avenue

Date Name Price Difference
08/17/2022 Listing Price $580,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 56 Cumberland Avenue, Portland, ME

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Inquire about this property

Photo of Sara Walenta
Direct: 603-674-6452
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Keller Williams Realty, William Van Wickler 207-553-2605
Sold by Locations Real Estate Group LLC, Brian Shedla Jessica Niles-McDonough 207-805-1811
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20%
0.52275862068966%
6.75%
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Listing information courtesy of: Keller Williams Realty

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