Peaks Island!! Opportunity awaits. .. transform this cozy Cottage into your island paradise. Offering 2 bedrooms, 1 bath along with a ample size kitchen and living room. Situated back from the road with lovely gardens awaiting your vision. Come make this spot your get-away!! Home being sold in ''AS IS'' condition. Offers due by July 14th 5PM with a July 15th 5PM response time.
Single-familyProperty Type
1900Year Built
5,227 sq ftLot Size
$582Price/Sq.Ft.
Listed by Pamela Webb Audet• Greater Portland Realty
Bought with Pamela Webb Audet• Greater Portland Realty
Est. $1,715 per month, based on comparable rentals
Sale and tax history for 48 Meridian St
Sale History
Tax History
Date
Event
Price
MREIS #1667155
Aug 21, 2026
Sold
$285,000
$582/sq ft
Jun 30, 2026
Price Changed
$299,000
$610/sq ft
Jun 14, 2026
Listed
$399,000
$814/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$3,385 (+4.2%)
$135,000 + $90,500
$225,500
2023
$3,249 (+5.9%)
$135,000 + $90,500
$225,500
2022
$3,069 (+4.8%)
$135,000 + $90,500
$225,500
2021
$2,929 (−36.9%)
$135,000 + $90,500
$225,500
2020
$4,639
$159,600 + $39,400
$199,000
2019
$4,639 (+3.7%)
$159,600 + $39,400
$199,000
2018
$4,474 (+3.9%)
$159,600 + $39,400
$199,000
2017
$4,308 (+2.5%)
$159,600 + $39,400
$199,000
2016
$4,201 (+2.3%)
$159,600 + $39,400
$199,000
2015
$4,105 (+3.1%)
$159,600 + $39,400
$199,000
2014
$3,980
$159,600 + $39,400
$199,000
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
5,663 Sq. Ft.
Year renovated
—
Sq. Ft.
490
Year built
1900
Style
Single Family Residential
County
Cumberland County
APN
116690
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, On Street
Interior
Bathroom Information
# of Baths (Full): 1
Room 1 Information
Type: Bedroom 2
Level: First
Room 2 Information
Type: Kitchen
Level: First
Room 3 Information
Type: Bedroom 1
Level: First
Room 4 Information
Type: Living Room
Level: First
Basement Information
Basement Entry: Exterior Entry, Dirt Floor, Crawl Space
Interior Features
# of Rooms: 4
Interior Features: 1st Floor Bedroom, Shower
Furnished: Negotiable
Dryer, Microwave, Electric Range, Refrigerator, Washer
Flooring: Vinyl
Exterior
Building Information
Construction Materials: Wood Frame, Shingle Siding
Foundation Details: Pillar/Post/Pier
Roof: Shingle
Total Building Area (Sq. Ft.): 490
Building Area Source: Public Records
Exterior Features
Patio & Porch Features: Deck, Screened Porch
Property Information
Property Sub Type: Single Family Residence
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 490
Lot Information
Lot Size (Sq. Ft.): $5,227.20
Lot Size (Acres): 0.12
Lot Size Source: Public Records
Lot Features: Rural
Road Surface Type: Dirt
Zoning: IR2
Waterfront Information
Island: Yes
Subdivision Information
Subdivision Name: Peaks Island
Financial
Tax Information
Annual Tax Amount: $3,696
Tax Year: 2026
Utilities
Utility Information
Has Heating
Heating: Space Heater
Electric: Circuit Breakers
Sewer: Public Sewer
Water Source: Public
Water Heater: Electric
Location
Location Information
Unparsed Address: 48 Meridian Street, Portland, ME 04108
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 490
Stories: 1.0
Lot Size: 5,663 square feet
Style: Single Family Residential
Year Built: 1900
Year Renovated: —
County: Cumberland County
APN: 116690
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 • 5.3mi
2/10
Provided by GreatSchools
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)
31
19
33
19
43
31
49
39
59
49
70
58
74
63
73
60
68
56
59
46
50
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$293,000 – $355,000
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