$499,000
$100K PRICE INCREASE

242 Valley St Portland, ME 04102

Estimated payment $2,957/month

Total Views 52,949
2 Beds
1.5 Baths
1,281 Sq Ft
$390 Price per Sq Ft

Highlights

  • Nearby Water Access
  • Country Club
  • Wood Flooring
  • Public Beach
  • Property is near public transit
  • 5-minute walk to Valley Street Dog Park

About This Home

A rare opportunity in Portland's vibrant St. John Street Valley neighborhood. This historic home has seen better days, but the foundation is solid and the potential is undeniable. Bring your tools, vision, and energy—this is a true sweat equity special, ideal for an owner-occupant, investor, or flipper looking to refurbish and resell for significant profit. The location is unbeatable: just off the peninsula and walkable to Maine Med, Mercy Hospital, Deering Oaks Park, Hadlock Field, the Western Prom, Portland's new pro soccer stadium, groceries, gastropubs, and more. Zoned B5—one of the city's most flexible and valuable zones—allowing residential, commercial, or mixed-use development up to 75' in height with limited setbacks. Whether you're looking to renovate, flip, or redevelop, this is a remarkable opportunity at just 399K. Sold as-is, where-is.

Listing Agent

Tom Landry

Benchmark Real Estate Listed on: 08/04/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,853

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Public Beach
  • Interior Lot
  • Level Lot
  • Open Lot
  • Property is zoned B2b

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,281 Sq Ft Home
  • Multi-Level Property
  • Living Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior Basement Entry

Parking

  • No Driveway
  • On-Street Parking

Outdoor Features

  • Nearby Water Access

Location

  • Property is near public transit
  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Short Sale
  • Legal Lot and Block 13 / D
  • Assessor Parcel Number PTLD-000064-D000013-000001

Community Details

Overview

  • No Home Owners Association
  • West End Subdivision

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,853

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Active
  • Subdivision Name: West End
  • Directions: From Congress Street turn onto Valley Street. Property is located between Ash and C Street.
  • Above Grade Finished Sq Ft: 1281.0
  • Architectural Style: Other, New Englander
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1281.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Location:Near Public Beach: Yes
  • Property Information:Short Sale Continue to Show: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:No Driveway: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Location:Near Country Club: Yes
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Parking:On Street: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level: Yes
  • Special Features: None

Interior Features

  • Has Basement: Interior, Walk-Out Access, Full, Partial, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Open, Level, Sidewalks, Interior Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, On Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Portland Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: PTLD-000064-D000013-000001
  • Zoning: B2b

Tax Info

  • Tax Annual Amount: 3853.0
  • Tax Block: D
  • Tax Book Number: 35253
  • Tax Lot: 13
  • Tax Map Number: 64
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,853 $256,700 $142,200 $114,500
2023 $3,699 $256,700 $142,200 $114,500
2022 $3,494 $256,700 $142,200 $114,500
2021 $3,335 $256,700 $142,200 $114,500
2020 $3,068 $131,600 $67,900 $63,700
2019 $3,068 $131,600 $67,900 $63,700
2018 $2,849 $131,600 $67,900 $63,700
2017 $2,849 $131,600 $67,900 $63,700
2016 $2,778 $131,600 $67,900 $63,700
2015 $2,715 $131,600 $67,900 $63,700
2014 $2,632 $131,600 $67,900 $63,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 Price Changed $499,000 +25.1% $390 / Sq Ft
08/04/2025 08/04/25 For Sale $399,000 +299.0% $311 / Sq Ft
01/08/2016 01/08/16 Sold $100,000 -8.3% $78 / Sq Ft
12/03/2015 12/03/15 Pending -- -- --
11/30/2015 11/30/15 For Sale $109,000 -- $85 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Not Resolvable -- --
Personal Reps Deed -- --
Source: Public Records

About the Listing Agent

Tom Landry
Tom Landry

Benchmark Real Estate

(207) 466-8714

Section Image

A small business owner, Realtor, developer, and contractor, Tom Landry is one of the most accomplished and respected real estate professionals in Southern Maine. As the founder of both Benchmark Real Estate and CornerStone Building and Restoration, Tom brings a rare breadth and depth of knowledge to every purchase, sale, development, or remodel project he undertakes. In his main focus, real estate sales, he has been one of Maine’s top producing agents and Portland’s number one Listing/Selling

View Tom's Profile

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Source: Maine Listings

MLS Number: 1633012

Maine Listings

APN: PTLD-000064-000000-D013001

Maine Cumberland County Portland 04102

242 Valley St, Portland, ME

This home is located at 242 Valley St, Portland, ME 04102 and is currently priced at $499,000, approximately $389 per square foot. This property was built in 1900. 242 Valley St is a home located in Cumberland County with nearby schools including Reiche Community School, King Middle School, and Baxter Academy for Tech & Sciences.

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Tom Landry
Tom Landry
Listing Agent Section Image
Benchmark Real Estate
(207) 466-8714