OFF MARKET

Off Market Apr 2021 for $439K

$595,653

•

1,360

sq ft

48 Spruce Ave, Portland, ME 04108

About this home

Located on a quiet street in a charming neighborhood, this year round cottage is just a few blocks from the very popular and scenic back shore of the island. It's also located just an easy 10 minute walk to the ferry and a 15 minute boat ride to downtown Portland and the city amenities. With this location, you can fall asleep and wake up in the morning listening to the ocean from the upstairs bedrooms, walk to the rocky shore, or head out to the wooded conservation area behind the house with marked paths perfect for hiking, running and cross country skiing. Check out this home with high ceilinged open space and plenty of room for living. Admire the custom details, artistic features and cook's kitchen. Enjoy the warmth and comfort of a well designed and insulated home. Everything island living as it should be!

Single-familyProperty Type

1900Year Built

2,613 sq ftLot Size

$438Est. Price/Sq.Ft.

1 spaceParking

Listed by Wendy Harmon • Keller Williams Realty

Listed by Mary Hitt-Davis • Keller Williams Realty

Bought with Wendy Harmon • Keller Williams Realty

Redfin checked: 3 minutes ago

•Source:MREIS #1481137

Redfin Estimate

$595,653

$156K since sold in April 2021$9,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 11.4% lower than the average sale price ($673K) of 6 comparable homes.

SOLD JUN 2, 2026
$850,000
A
3 beds2 baths1,436 sq ft
62 Elsmere Ave, South Portland, ME 04106
SOLD AUG 28, 2026
$550,000
B
3 beds1.5 baths1,200 sq ft
25 Mosher St, South Portland, ME 04106
SOLD MAY 29, 2026
$570,000
C
3 beds1 bath1,328 sq ft
11 Oakland Ave, Portland, ME 04108
SOLD JUL 20, 2026
$786,000
D
3 beds2 baths1,630 sq ft
31 Elizabeth St, Portland, ME 04108
SOLD FEB 27, 2026
$450,000
E
3 beds1.5 baths1,477 sq ft
12 Todd Ln, South Portland, ME 04106
SOLD JUN 26, 2026
$830,000
F
3 beds1 bath1,266 sq ft
59 New Island Ave, Portland, ME 04108

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Earn from this home

Sell

$245,378

Est. take-home

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Rent

$2,541/mo

Redfin rental estimate

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Market trends in 04108, ME

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

96.0%

+0.0% MoM

Median sale price

$723K

$63K MoM

Avg. days on market

55d

12 days MoM

Recently sold homes

1 MoM

New listings for sale

$575,000
3 beds1 bath1,018 sq ft
7 Upper A St, Portland, ME 04108
$1,499,900
7 beds5 baths3,846 sq ft
94 Pleasant Ave, Portland, ME 04103
See all

Provided by Redfin

Sale history for 48 Spruce Ave

Year

Property tax

Land + Additions

Assessment*

2024

$4,622 (+4.2%)

$111,900 + $196,000

$307,900

2023

$4,437 (+5.9%)

$111,900 + $196,000

$307,900

2022

$4,191 (+7.1%)

$111,900 + $196,000

$307,900

2021

$3,913 (−30.9%)

$111,900 + $189,300

$301,200

2020

$5,662

$118,700 + $124,200

$242,900

2019

$5,662 (+3.7%)

$118,700 + $124,200

$242,900

2018

$5,460 (+3.8%)

$118,700 + $124,200

$242,900

2017

$5,259 (+2.6%)

$118,700 + $124,200

$242,900

2016

$5,128 (+2.3%)

$118,700 + $124,200

$242,900

2015

$5,011 (+3.1%)

$118,700 + $124,200

$242,900

2014

$4,858

$118,700 + $124,200

$242,900

Tax history for 48 Spruce Ave

Year

Property tax

Land + Additions

Assessment*

2024

$4,622 (+4.2%)

$111,900 + $196,000

$307,900

2023

$4,437 (+5.9%)

$111,900 + $196,000

$307,900

2022

$4,191 (+7.1%)

$111,900 + $196,000

$307,900

2021

$3,913 (−30.9%)

$111,900 + $189,300

$301,200

2020

$5,662

$118,700 + $124,200

$242,900

2019

$5,662 (+3.7%)

$118,700 + $124,200

$242,900

2018

$5,460 (+3.8%)

$118,700 + $124,200

$242,900

2017

$5,259 (+2.6%)

$118,700 + $124,200

$242,900

2016

$5,128 (+2.3%)

$118,700 + $124,200

$242,900

2015

$5,011 (+3.1%)

$118,700 + $124,200

$242,900

2014

$4,858

$118,700 + $124,200

$242,900

*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
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2,613

Year renovated

2022

Sq. Ft.

1,360

Year built

1900

Style

Single Family Residential

County

Cumberland County

APN

116762

Parking Spaces

Basement

Yes

Accessible

HOA Dues

—

Garage

Features

Waterfront

Last updated by owner on Jan 12, 2023.

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: 1 - 4 Spaces, On Site

Interior

Bathroom Information
# of Baths (Full): 2

Basement Information
Basement Entry: Walk-Out Access, Brick/Mortar, Exterior Only

Interior Features
# of Rooms: 6
Interior Features: 1st Floor Bedroom, Shower
Washer, Wall Oven, Refrigerator, Microwave, Gas Range, Dryer, Disposal, Dishwasher, Cooktop
Flooring: Wood, Tile

Laundry Information
Laundry Features: 1st Floor Laundry, Main Level, Washer Hookup

Exterior

Building Information
Construction Materials: Wood Siding, Clapboard, Wood Frame
Foundation Details: Pillar/Post/Pier
Roof: Shingle
Total Building Area (Sq. Ft.): 1,360
Building Area Source: Seller

Exterior Features
Patio & Porch Features: Deck

Property Information
Property Sub Type: Single Family Residence
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 1,360

Lot Information
Lot Size (Sq. Ft.): $2,613.60
Lot Size (Acres): 0.06
Lot Size Source: Public Records
Lot Features: Well Landscaped, Wooded, Near Public Beach, Near Town, Neighborhood
Zoning: IR-2

Waterfront Information
Island: Yes

Subdivision Information
Subdivision Name: Peaks Island

Financial

Tax Information
Annual Tax Amount: $5,662
Tax Year: 2020

Utilities

Utility Information
Has Heating
Heating: Hot Water, Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Water Source: Public
Water Heater: Off Heating System

Location

HOA Information
Pets Allowed: No Restrictions

Location Information
Unparsed Address: 48 Spruce Avenue, Portland, ME 04108
Directions: Casco Bay Lines on Commercial Street in Portland - Peaks Island Ferry. Go up Welch Street, take a right on Island Avenue. Continue to New Island Avenue, a right on Veteran, left onto Spruce Avenue. 48 Spruce is on the left jus past Merriam Street.

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,360
Stories: 1.0
Parking Spaces: 1
Basement: Yes
Accessible: No
Lot Size: 2,613 square feet
Style: Single Family Residential
Year Built: 1900
Year Renovated: 2022
County: Cumberland County
APN: 116762
HOA Dues: —
Garage: No
Features: Waterfront

Home facts updated by owner on Jan 12, 2023

Around this home

Schools

Peaks Island School

Public PreK-5 • Assigned • 0.5mi

8/10

Deering High School

Public 9-12 • Assigned • 5.4mi

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

$566,000 – $686,000

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Nearby similar homes

FOR SALE BY OWNER

$719,000

3 beds2 baths1,250 sq ft

248 Pleasant Ave, Portland, ME 04108

$1,490,000

3 beds2.5 baths2,222 sq ft

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$999,900

2 beds1 bath716 sq ft

494 Island Ave, Portland, ME 04108

$1,080,000

3 beds2 baths1,720 sq ft

364 Island Ave, Portland, ME 04108

$1,275,000

3 beds2 baths2,150 sq ft

42 Montreal St, Portland, ME 04101

$899,500

5 beds2 baths2,778 sq ft

22 Cumberland Ave #3, Portland, ME 04101

New listings for sale in 04108

$575,000

3 beds1 bath1,018 sq ft

7 Upper A St, Portland, ME 04108

$1,499,900

7 beds5 baths3,846 sq ft

94 Pleasant Ave, Portland, ME 04103

Home values near 48 Spruce Ave

Data from public records.

Address	Redfin Estimate
50 Spruce Street, Portland, ME 3 Beds \| 2 Baths \| 1008 Sq. Ft.	$500,950
36 Spruce Street, Portland, ME 2 Beds \| 1 Baths \| 700 Sq. Ft.	$345,457

Address	Redfin Estimate
36 Spruce Street, Portland, ME 5 Beds \| 3 Baths \| 2274 Sq. Ft.	$897,710
34 Spruce Street, Portland, ME 3 Beds \| 1 Baths \| 1211 Sq. Ft.	$430,010

Address	Redfin Estimate
54 Spruce Street, Portland, ME 3 Beds \| 1.5 Baths \| 1212 Sq. Ft.	$511,842
36 Spruce Street, Peaks Island, ME 2 Beds \| 1 Baths \| 700 Sq. Ft.	$353,290

Property information provided by MREIS when last listed in 2021. This data may not show owner updates. Learn more.

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