OFF MARKET

Off market mar 2023 for $441K

$484,955

•

640

sq ft

40 Meridian St, Portland, ME 04108

About this home

Lovingly cared for turnkey seasonal cottage. 'Hillcrest' sits among other turn of the century homes on a quiet dirt road, but a 5 min walk to ferry, restaurants, sandy beach, and iconic back shore. Light and airy interior. Ample outdoor space (screen porch, deck, outdoor shower) provides the best of Maine island life with ocean breezes and glimpses of the Atlantic. 2 larger bedrooms have King & Queen beds. Kitchen & electric updated. Perfect retreat or opportunity for rental income. Available furnished. Offer deadline Friday 3/3 at noon.

Single-familyProperty Type

1900Year Built

4,791 sq ftLot Size

$758Est. Price/Sq.Ft.

1 spaceParking

Listed by Jason Saphire • www.HomeZu.com

Contact: 877-249-5478

Bought with Liam McCoy • Cottage & Co Real Estate

Redfin checked: 2 minutes ago

•Source:MREIS #1552975

Redfin Estimate

$484,955

$44K since sold in March 2023$2,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 13.2% lower than the average sale price ($559K) of 6 comparable homes.

SOLD MAY 29, 2026
$570,000
A
3 beds1 bath1,328 sq ft
11 Oakland Ave, Portland, ME 04108
SOLD OCT 1, 2026
$648,000
B
2 beds1 bath1,000 sq ft
16 Sterling St, Portland, ME 04108
SOLD JUN 26, 2026
$830,000
C
3 beds1 bath1,266 sq ft
59 New Island Ave, Portland, ME 04108
SOLD AUG 21, 2026
$285,000
D
2 beds1 bath490 sq ft
48 Meridian St, Portland, ME 04108
SOLD AUG 28, 2026
$550,000
E
3 beds1.5 baths1,200 sq ft
25 Mosher St, South Portland, ME 04106
SOLD MAY 18, 2026
$470,000
F
3 beds1 bath1,322 sq ft
35 Jefferson St, South Portland, ME 04106

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Earn from this home

Sell

$126,034

Est. take-home

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Rent

$1,635/mo

Redfin rental estimate

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Market trends in 04108, ME

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

95.6%

0.4% MoM

Median sale price

$660K

$63K MoM

Avg. days on market

71d

16 days MoM

Recently sold homes

1 MoM

Provided by Redfin

Sale history for 40 Meridian St

Date

Event

Price

MREIS #1552975

Mar 31, 2023

Sold

$441,000

$689/sq ft

Feb 27, 2023

Listed

$398,000

$622/sq ft

MREIS #1310676

Jul 21, 2017

Sold

$252,000

$394/sq ft

Jun 7, 2017

Listed

$252,000

$394/sq ft

This charming seasonal cottage is just what you would expect to find on a Maine island. In a special enclave of homes from the same time period you are only minutes away from the boat landing, shops, restaurants and beaches. What's great is that you are tucked away and out of the hustle & bustle. "Back Shore" and the rocky coast are also just around the corner. The house has been well tended over these many years, but, like any vintage cottage on the coast of Maine is in need of some upgrades.

Year

Property tax

Land + Additions

Assessment*

2024

$4,479 (+24.5%)

$134,300 + $164,100

$298,400

2023

$3,597 (+5.9%)

$134,300 + $115,300

$249,600

2022

$3,397 (+4.8%)

$134,300 + $115,300

$249,600

2021

$3,242 (−42.0%)

$134,300 + $115,300

$249,600

2020

$5,594

$194,300 + $45,700

$240,000

2019

$5,594 (+3.7%)

$194,300 + $45,700

$240,000

2018

$5,395 (+3.8%)

$194,300 + $45,700

$240,000

2017

$5,196 (+2.6%)

$194,300 + $45,700

$240,000

2016

$5,066 (+2.3%)

$194,300 + $45,700

$240,000

2015

$4,951 (+3.1%)

$194,300 + $45,700

$240,000

2014

$4,800

$194,300 + $45,700

$240,000

Tax history for 40 Meridian St

Year

Property tax

Land + Additions

Assessment*

2024

$4,479 (+24.5%)

$134,300 + $164,100

$298,400

2023

$3,597 (+5.9%)

$134,300 + $115,300

$249,600

2022

$3,397 (+4.8%)

$134,300 + $115,300

$249,600

2021

$3,242 (−42.0%)

$134,300 + $115,300

$249,600

2020

$5,594

$194,300 + $45,700

$240,000

2019

$5,594 (+3.7%)

$194,300 + $45,700

$240,000

2018

$5,395 (+3.8%)

$194,300 + $45,700

$240,000

2017

$5,196 (+2.6%)

$194,300 + $45,700

$240,000

2016

$5,066 (+2.3%)

$194,300 + $45,700

$240,000

2015

$4,951 (+3.1%)

$194,300 + $45,700

$240,000

2014

$4,800

$194,300 + $45,700

$240,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

4,792 Sq. Ft.

Year renovated

—

Sq. Ft.

640

Year built

1900

Style

Single Family Residential

County

Cumberland County

APN

116692

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

IR-2

Island Zone

To provide for a residential neighborhood environment on Portland’s islands in areas with adequate public services. Expansion or extension of IR-2 zoning should be limited, generally focused toward areas adjacent toexisting IR-2 areas, and restricted by such factors as adequacy of access, whether adequate water will be available for private use and for fire protection, whether soils in the area are adequate for subsurface water disposal, or whether public sewers are available. Select nonresidential uses may also be permitted in the IR-2 zone

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Public service
Park & open space

Property details

Parking

Parking Information
Parking Features: No Driveway, 1 - 4 Spaces

Interior

Bathroom Information
# of Baths (Full): 1

Room 1 Information
Type: Bedroom 3
Level: First

Room 2 Information
Type: Dining Room
Level: First

Room 3 Information
Type: Living Room
Level: First

Room 4 Information
Type: Kitchen
Level: First

Room 5 Information
Type: Primary Bedroom
Level: First

Room 6 Information
Type: Bedroom 2
Level: First

Interior Features
# of Rooms: 6
Furnished: Furnished
Washer, Refrigerator, Microwave, Dryer, Disposal, Dishwasher, Cooktop
Flooring: Wood
Other Equipment: Internet Access Available

Exterior

Building Information
Construction Materials: Clapboard, Wood Frame
Roof: Shingle
Total Building Area (Sq. Ft.): 640
Building Area Source: Public Records

Exterior Features
Patio & Porch Features: Deck, Porch
Other Structures: Shed(s)

Property Information
Property Sub Type: Single Family Residence
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 640
Green Energy Efficient: Water Heater

Lot Information
Lot Size (Sq. Ft.): $4,791.60
Lot Size (Acres): 0.11
Lot Size Source: Public Records
Lot Features: Well Landscaped, Near Shopping, Neighborhood
Road Surface Type: Gravel, Dirt
Zoning: IR-2

Waterfront Information
Water Body Name: Casco Bay
Water Body Type: Ocean
Water View: Yes

Subdivision Information
Subdivision Name: Peaks Island

Financial

Tax Information
Annual Tax Amount: $3,242
Tax Year: 2021

Utilities

Utility Information
Has Heating
Heating: Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Water Source: Seasonal
Water Heater: Electric

Location

Location Information
Unparsed Address: 40 Meridian Street, Portland, ME 04108
Directions: Up Welch St, Bear Left, Cont. to Orchard St, Left up small hill to Meridian St. Use porch side door

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 640
Stories: 1.0
Lot Size: 4,792 square feet
Style: Single Family Residential
Year Built: 1900
Year Renovated: —
County: Cumberland County
APN: 116692

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Peaks Island School

Public PreK-5 • Assigned • 0.4mi

8/10

Deering High School

Public 9-12 • Assigned • 5.2mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 86° expected this year, 18 days in 30 years

6/10 Wind Factor

69% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Portland, ME • 04108

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.5 hours in June and 4.3 hours in December, placing it below the U.S. average for solar exposure.

8.5 hrs

4.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$461,000 – $558,000

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FOR SALE BY OWNER

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Home values near 40 Meridian St

Data from public records.

Address	Redfin Estimate
48 Meridian St, Portland, ME 2 Beds \| 1 Baths \| 490 Sq. Ft.	$356,493
43 Meridian St, Portland, ME 3 Beds \| 2 Baths \| 1486 Sq. Ft.	$615,628

Address	Redfin Estimate
28 Meridian St, Portland, ME 3 Beds \| 1.5 Baths \| 1433 Sq. Ft.	$573,696
39 Meridian St, Portland, ME 2 Beds \| 1 Baths \| 723 Sq. Ft.	$535,137

Address	Redfin Estimate
35 Meridian St, Portland, ME 2 Beds \| 2 Baths \| 921 Sq. Ft.	$547,581
24 Meridian St, Portland, ME 5 Beds \| 2 Baths \| 1400 Sq. Ft.	$678,040

Property information provided by MREIS when last listed in 2023. This data may not match . Learn more.

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