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1569 Forest Avenue, Portland, ME 04103
$995,000
1569 Forest Avenue, Portland, ME 04103View this property at 1569 Forest Avenue, Portland, ME 04103
1569 Forest AvenuePortlandME04103
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Property Description
Development site in the desirable Riverton neighborhood. Just under 1/2 +/- acres with over 1 acres of additional land potentially available. Currently in an R3 Zone that abuts B1 Zone. Changing this parcel to B1 is likely and this opens up all kinds of possibilities and even more with re-code. The lot is level, open and enjoys an existing curb cut and full city utilities. Traffic counts are off the charts so a first floor retail or restaurant are a no brainer. With existing B1 zoning, you can build to 45' and in the proposed zoning it jumps to 50'. Add in the potential for a 2.5X unit bonus (the result of LD2003 if you provide affordable units) and this becomes one of the most attractive sites in Greater Portland.
Full Property Details
Full Property Details for 1569 Forest Ave
General
- Price: $995,000
- Taxes: $10,769 (2023)
- Status: Active
- Type: Lots/Land
- MLS ID: 1589197
- Updated: 5/10/2024
- Added to Site: 26 day(s) ago
Parking
- Parking Features: No Driveway, None
Location
- County: Cumberland
Community
- Pets Allowed: Yes
Utilities
- Sewer: Public Sewer
- Water: Public
Lot Features
- Lot Size (Acres): 0.4
- Lot Size (Sq. Ft.): 17,424
- Lot Size Source: Public Records
- Zoning: R3
- Lot Description: Level, Open Lot, Sidewalks, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Near Railroad
Financial Considerations
- Tax Amount: $10,769
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Lot Number: 1-4
Listed by Benchmark Real Estate (207) 775-0248
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Schools
Schools serving 1569 Forest Ave
School District:Portland Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1600 Forest Ave, Portland, ME 04103 | PK-5 | 0.2 mi | |
522 Stevens Ave, Portland, ME 04103 | 6-8 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1569 Forest Ave
Date
Details
Price
Change
Source
5/10/2024
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1569 Forest Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,769
6%
$747,300
—
2022
$10,171
5%
$747,300
—
2021
$9,707
-19%
$747,300
45%
2020
$12,021
-29%
$515,700
-29%
2019
$16,882
4%
$724,230
—
2018
$16,281
4%
$724,230
—
2017
$15,680
3%
$724,230
—
2016
$15,288
2%
$724,230
—
2015
$14,941
3%
$724,230
—
2014
$14,485
3%
$724,230
—
2013
$14,057
—
$724,230
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1569 Forest Ave
1569 Forest Avenue, Portland, ME 04103 (MLS# 1589197) is a Lots/Land property with a lot size of 0.4 acres. 1569 Forest Avenue is currently listed for $995,000 and was received on May 10, 2024. Want to learn more about 1569 Forest Avenue? Do you have questions about finding other Lots/Land real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.