Property Details
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This charming residential property, located at 396 Preble Street in South Portland, Maine, was built in 1900 and was recently assessed at a value of $617,900. The property consists of a lovely single-family home with 5 bedrooms, 3 bathrooms, and 12 rooms, as well as 2 additional units. The lot size of 2614 square feet provides plenty of outdoor space, and the total living space of 2305 square feet includes a cozy fireplace for those chilly Maine nights. With a market improvement percentage of 52, this property has the potential to become an even more valuable investment.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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