Opportunity awaits! This spacious four-plus bedroom colonial is located in Deering Center, one of Portland's most sought-after neighborhoods. Offered for the first time in 55 years, this home is waiting for a new owner to make it shine. It features hardwood floors throughout, a woodburning fireplace and flexible layout. The first floor offers formal living and dining rooms, a spacious kitchen, a large den that could be a 1st floor bedroom, if desired, and a half bath. On the second floor are four large bedrooms and full bath. Additional features include ample closet space, and a newer Boderus boiler and water heater. Set on an oversized lot there are many perennials, including a strawberry patch, asparagus, and peonies just waiting for someone with a green thumb to tend to. Located moments from Portland trails, coffee shops, restaurants, the Burbank library, and neighborhood schools. This property has great bones and could become a wonderful home for the next owners at a price rarely seen in Portland.
Closed
$480,000
242 Ludlow Street, Portland, ME 04102
4beds
1,902sqft
Single Family Residence
Built in 1960
8,712 Square Feet Lot
$683,300 Zestimate®
$252/sqft
$3,281 Estimated rent
Home value
$683,300
$629,000 - $745,000
$3,281/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$3,281/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$3,281/mo
Rent Zestimate®
Refinance and save
$2,918/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$2,918/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: August 13, 2025 at 10:11am
Listed by:
Portside Real Estate Group
Bought with:
Hearth & Key Realty
Source: Maine Listings,MLS#: 1630158
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom 1
- Features: Closet
- Level: Second
Bedroom 2
- Features: Closet
- Level: Second
Bedroom 3
- Features: Closet
- Level: Second
Bedroom 4
- Features: Closet
- Level: Second
Bonus room
- Features: Built-in Features
- Level: First
Dining room
- Features: Formal
- Level: First
Kitchen
- Level: First
Living room
- Features: Wood Burning Fireplace
- Level: First
Heating
- Baseboard, Hot Water
Cooling
- None
Appliances
- Included: Electric Range, Refrigerator, Washer
Features
- 1st Floor Bedroom, Bathtub, Shower, Storage
- Flooring: Vinyl, Wood
- Basement: Interior Entry,Daylight,Full,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 1,902
- Total interior livable area: 1,902 sqft
- Finished area above ground: 1,902
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces
Lot
- Size: 8,712 sqft
- Features: Near Shopping, Near Town, Neighborhood, Open Lot, Sidewalks
Details
- Parcel number: PTLDM183ABA014001
- Zoning: RN-1
- Other equipment: Cable, Internet Access Available
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Wood Frame, Shingle Siding, Wood Siding
- Roof: Shingle
Condition
- Year built: 1960
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2025 | Sold | $480,000+6.7%$252/sqft |
Source:  Maine Listings #1630158 Report a problem | ||
| 7/24/2025 | Pending sale | $450,000$237/sqft |
Source: Maine Listings #1630158 Report a problem | ||
| 7/17/2025 | Contingent | $450,000$237/sqft |
Source: Maine Listings #1630158 Report a problem | ||
| 7/11/2025 | Listed for sale | $450,000$237/sqft |
Source: Maine Listings #1630158 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,803 | $333,300 |
| 2023 | $4,803 +5.9% | $333,300 |
| 2022 | $4,536 -6.8% | $333,300 +59.6% |
Find assessor info on the county website
Neighborhood: Deering Center
Nearby schools
GreatSchools rating
- 10/10Longfellow School-PortlandGrades: K-5Distance: 0.4 mi
- 6/10Lincoln Middle SchoolGrades: 6-8Distance: 0.4 mi
- 2/10Deering High SchoolGrades: 9-12Distance: 0.4 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$683,300
2% more
+$13,666
With Zillow Showcase(estimated)
$696,966
- Maine
- Cumberland County
- Portland
- 04102
- Deering Center
- 242 Ludlow Street