At the base of Deering Highlands, blocks from Back Cove, and firmly in Portland's Oakdale neighborhood, this updated Victorian offers convenience, charm, and value. Many updates and upgrades—including extensive siding work, fresh exterior paint, and a newer roof—make it move-in ready. The remarkably affordable price also reflects the home's upside potential, as similar properties in the area have sold for 1M or more. Although just over 2,000 square feet, the layout lives large with plenty of space for friends, family, and work-from-home flexibility. Inside you'll find a south-facing mudroom/sunroom, eat-in kitchen, formal dining, side sunroom, and spacious living room. Upstairs are three bedrooms and a full bath, while the third floor adds two additional rooms—ideal for bedrooms, home office, or flex space. With a recently cleaned and serviced boiler, attached garage, and a low-maintenance yet enchanting yard and gardens, the appeal is apparent. Location is everything, and here you can walk to everything you need: from parks and playgrounds to eateries, education, and art galleries. Nearby are the University of Southern Maine's Portland Campus, UNE's Portland Campus, Deering Center schools, Ocean Avenue Elementary, and the forthcoming Roux Institute. Add in Back Cove Trail, Longfellow Park, and a host of other recreational areas to make this one of Portland's most complete neighborhoods. At this price point, the opportunity is truly rare—a chance to break into a coveted neighborhood with room to build equity. For buyers seeking a move-in ready home, those eager to roll up their sleeves for a massive equity boost, or even investors eyeing a potential flip, this property delivers.
Active
Price cut: $40K (10/31)
$559,000
48 Ashmont Street, Portland, ME 04103
4beds
2,032sqft
Est.:
Single Family Residence
Built in 1900
2,178 Square Feet Lot
$-- Zestimate®
$275/sqft
$-- HOA
What's special
Formal diningEat-in kitchenSide sunroomExtensive siding workThree bedroomsAttached garageFresh exterior paint
- 85 days |
- 5,831 |
- 348 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 06:17am
Listed by:
Benchmark Real Estate
Source: Maine Listings,MLS#: 1637812
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Second
Bedroom 1
- Level: Second
Bedroom 3
- Level: Second
Bedroom 4
- Level: Third
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Steam, Radiator
Cooling
- None
Features
- Flooring: Carpet, Tile, Wood
- Windows: Double Pane Windows
- Basement: Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,032
- Total interior livable area: 2,032 sqft
- Finished area above ground: 2,032
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Features
- Levels: Multi/Split
- Patio & porch: Deck, Porch
Lot
- Size: 2,178 Square Feet
Details
- Parcel number: PTLDM125BH010001
- Zoning: RN-3
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence
Materials
- Roof: Pitched,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $275/sqft
- Tax assessed value: $464,400
- Annual tax amount: $6,971
- Date on market: 9/16/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Price change | $559,000-6.7%$275/sqft |
Source: | ||
| 9/30/2025 | Price change | $599,000-4.8%$295/sqft |
Source: | ||
| 9/16/2025 | Listed for sale | $629,000$310/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,692 | $464,400 |
| 2023 | $6,692 +5.9% | $464,400 |
| 2022 | $6,320 +11.4% | $464,400 +90.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,374/mo
Principal & interest
$2712
Property taxes
$466
Home insurance
$196
Climate risks
Neighborhood: Oakdale
Nearby schools
GreatSchools rating
- 7/10Ocean AvenueGrades: K-5Distance: 0.7 mi
- 2/10King Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Deering High SchoolGrades: 9-12Distance: 0.8 mi
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