OFF MARKET

Off Market Oct 2022 for $424K

$434,284

•

1,100

sq ft

48 State St #1, Portland, ME 04101

About this home

Nicely updated, Portland condo settled in a great location on State Street. This unit offers a primary en-suite with a beautiful marble bathroom, updated kitchen with soapstone countertops, cherry cabinets with crown molding, high end appliances, including a Wolf gas stove, a grand living room area, and an amazing finished lower level, which could be used as a bonus room or home office space. The lower level also provides a half bathroom, in-unit laundry, a great storage room within the unit, and a separate storage unit in the shared lower level space. One deeded parking space, with the option to rent a second from the association for just $60/month, makes this condo very desirable. Enjoy all of the amenities downtown Portland has to offer!

CondoProperty Type

1890Year Built

$395Est. Price/Sq.Ft.

1 spaceParking

Listed by David Banks • RE/MAX By The Bay

Bought with Troy Wilkins • Benchmark Real Estate

Redfin checked: 2 minutes ago

•Source:MREIS #1543968

Redfin Estimate

$434,284

$10K since sold in October 2022$0 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 0.8% higher than the average sale price ($431K) of 6 comparable homes.

SOLD AUG 28, 2026
$475,000
A
1 bed1 bath1,100 sq ft
269 Commercial St Unit 5B, Portland, ME 04101
SOLD AUG 10, 2026
$430,000
B
1 bed1 bath669 sq ft
126 Park St #6, Portland, ME 04101
SOLD JUL 7, 2026
$310,000
C
2 beds1 bath1,036 sq ft
20 West St #3, Portland, ME 04102
SOLD JUN 26, 2026
$505,000
D
2 beds1 bath850 sq ft
92 Salem St #2, Portland, ME 04102
SOLD AUG 18, 2026
$549,000
E
1 bed1 bath1,006 sq ft
387 Commercial St #334, Portland, ME 04101
SOLD JUL 23, 2026
$315,000
F
1 bed1 bath690 sq ft
169 Danforth St #5, Portland, ME 04102

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Earn from this home

Sell

$93,271

Est. take-home

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Rent

$2,873/mo

Redfin rental estimate

List your home for rent

Market trends in 04101, ME

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.5%

0.5% MoM

Median sale price

$698K

$10K MoM

Avg. days on market

28d

0 days MoM

Recently sold homes

2 MoM

New listings for sale

NEW 27 HRS AGO
$439,000
2 beds1 bath690 sq ft
129 York St #2, Portland, ME 04101
$470,000
3 beds1 bath1,140 sq ft
290 Baxter Blvd Unit E2, Portland, ME 04101
OPEN SUN, 10AM TO 11:30AM
$599,000
3 beds1 bath1,396 sq ft
43 Cumberland Ave #2, Portland, ME 04101
$1,325,000
3 beds2.5 baths2,076 sq ft
15 Middle St #308, Portland, ME 04101
$989,000
5 beds3 baths3,228 sq ft
11 South St, Portland, ME 04101
$400,000
3 beds1 bath1,519 sq ft
187 Congress St, Portland, ME 04101
$339,000
1 bed1 bath938 sq ft
99 Silver St Unit 2-11, Portland, ME 04101
$425,000
1 bed1 bath935 sq ft
21 Chestnut St #606, Portland, ME 04101
$645,000
1 bed1 bath851 sq ft
716 Chandler's Wharf #716, Portland, ME 04101
$199,000
1 bed1 bath448 sq ft
58 Portland St #3, Portland, ME 04101
See all

Provided by Redfin

Sale history for 48 State St #1

Date

Event

Price

MREIS #1543968

Oct 26, 2022

Sold

$424,000

$385/sq ft

Sep 22, 2022

Listed

$395,000

$359/sq ft

MREIS #1367809

Nov 2, 2018

Sold

$305,000

$277/sq ft

Sep 4, 2018

Listed

$299,900

$273/sq ft

+24

One of Portland's best!!! Spacious condo in well-established association is close to everything that the Old Port and West End have to offer. Fully renovated kitchen with cherry cabinets, soap stone counter tops and high end appliances and beautiful marble updated master bath. Fully finished lower level and extra -1/2 bath provides great opportunity for in home office or bonus room of your choice. Deeded parking space and flexible pet policy make this a perfect spot to call home or weekend getaway in the city.

Year

Property tax

Land + Additions

Assessment*

2024

$3,577 (+4.2%)

$47,660 + $190,640

$238,300

2023

$3,434 (+5.9%)

$47,660 + $190,640

$238,300

2022

$3,243 (+4.7%)

$47,660 + $190,640

$238,300

2021

$3,096 (+5.1%)

$47,660 + $190,640

$238,300

2020

$2,946

$25,300 + $101,100

$126,400

2019

$2,946 (+3.7%)

$25,300 + $101,100

$126,400

2018

$2,841 (+3.8%)

$25,300 + $101,100

$126,400

2017

$2,737 (+2.6%)

$25,300 + $101,100

$126,400

2016

$2,668 (+2.3%)

$25,300 + $101,100

$126,400

2015

$2,608 (+3.2%)

$25,300 + $101,100

$126,400

2014

$2,528

$25,300 + $101,100

$126,400

Tax history for 48 State St #1

Year

Property tax

Land + Additions

Assessment*

2024

$3,577 (+4.2%)

$47,660 + $190,640

$238,300

2023

$3,434 (+5.9%)

$47,660 + $190,640

$238,300

2022

$3,243 (+4.7%)

$47,660 + $190,640

$238,300

2021

$3,096 (+5.1%)

$47,660 + $190,640

$238,300

2020

$2,946

$25,300 + $101,100

$126,400

2019

$2,946 (+3.7%)

$25,300 + $101,100

$126,400

2018

$2,841 (+3.8%)

$25,300 + $101,100

$126,400

2017

$2,737 (+2.6%)

$25,300 + $101,100

$126,400

2016

$2,668 (+2.3%)

$25,300 + $101,100

$126,400

2015

$2,608 (+3.2%)

$25,300 + $101,100

$126,400

2014

$2,528

$25,300 + $101,100

$126,400

*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

—

Year renovated

—

Sq. Ft.

651

Year built

1890

Style

Condo/Co-op

County

Cumberland County

APN

113316

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Residential

To set aside areas on the peninsula for housing characterized primarily by multi-family dwellings at a high density providing a wide range of housing for differing types of households; to conserve the existing housing stock and residential character of neighborhoods by controlling the scale and external impacts of professional offices and other nonresidential uses; and to encourage new housing development consistent with the compact lot development pattern typically found on the peninsula.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Other
Bed & breakfast
Lodging & hospitality-Other
Cemetery
Park & open space

Property details

Parking

Parking Information
Parking Features: Reserved Parking, 1 - 4 Spaces, Paved, Common, On Site, Off Street

Interior

Bathroom Information
# of Baths (1/2): 1
# of Baths (Full): 1

Room 1 Information
Type: Bonus Room
Level: Basement

Room 2 Information
Type: Office
Level: Basement

Room 3 Information
Type: Primary Bedroom
Level: First
Features: Closet, Full Bath, Separate Shower

Room 4 Information
Type: Kitchen
Level: First
Features: Pantry

Room 5 Information
Type: Living Room
Level: First
Features: Cathedral Ceiling(s)

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

Interior Features
# of Rooms: 5
Interior Features: 1st Floor Primary Bedroom w/Bath, Other, Pantry, Shower, Storage
Washer, Refrigerator, Gas Range, Dryer, Dishwasher
Flooring: Wood, Tile

Laundry Information
Laundry Features: Washer Hookup

Exterior

Building Information
Construction Materials: Brick, Wood Frame
Foundation Details: Brick/Mortar
Roof: Fiberglass
Total Building Area (Sq. Ft.): 1,100
Building Area Source: Public Records

Property Information
Property Sub Type: Condominium
Year Built: 1890
Above-Grade Finished Area (Sq. Ft.): 651
Below-Grade Finished Area (Sq. Ft.): 449

Lot Information
Lot Size Source: Public Records
Lot Features: Well Landscaped, Open, Level, Sidewalks, Historic District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood
Road Surface Type: Paved
Zoning: R6

Financial

Tax Information
Annual Tax Amount: $3,096
Tax Year: 2021

Utilities

Utility Information
Has Heating
Heating: Direct Vent Heater
Electric: Circuit Breakers
Sewer: Public Sewer
Water Source: Public
Water Heater: Tank

Location

Multi-Unit Information
# of Units in Community: 12

HOA Information
Has Association
Association Fee: $275
Association Fee Frequency: Monthly

Location Information
Unparsed Address: 48 State Street 1, Portland, ME 04101
Directions: GPS Friendly

Public facts

Beds: 1
Baths: 1.0
Sq. Ft.: 651
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1890
Year Renovated: —
County: Cumberland County
APN: 113316

Home facts updated by county records on Jul 27, 2026

About this building

No units for sale

48 State St, Portland, ME 04101

See photos & sale trends

Photo via 48 State St #34

Units for sale

Unit Information Not Available

There aren't any units for sale in this building.

Around this home

Schools

Howard C Reiche Community School

Public PreK-5 • Assigned • 0.3mi

3/10

Deering High School

Public 9-12 • Assigned • 2.3mi

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

5/10 Heat Factor

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

6/10 Wind Factor

65% 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 • 04101

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

$413,000 – $500,000

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Home values near 48 State St #1

Data from public records.

Address	Redfin Estimate
48 State Street #2, Portland, ME 1 Beds \| 1 Baths \| 651 Sq. Ft.	$359,245
48 State Street #32, Portland, ME 1 Beds \| 1 Baths \| 689 Sq. Ft.	$363,305

Address	Redfin Estimate
48 State Street #24, Portland, ME 1 Beds \| 1 Baths \| 685 Sq. Ft.	$347,407
48 State Street #23, Portland, ME 1 Beds \| 1 Baths \| 685 Sq. Ft.	$352,025

Address	Redfin Estimate
48 State Street #33, Portland, ME 1 Beds \| 1 Baths \| 685 Sq. Ft.	$379,032
48 State Street #31, Portland, ME 1 Beds \| 1 Baths \| 689 Sq. Ft.	$357,369

Property information provided by MREIS when last listed in 2022. This data may not match . Learn more.

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