242 Ludlow Street
Portland, ME 04102
Map
- 4 beds
- 2 baths
- 1,902 sqft
- 8,712 sqft lot
- $236 per sqft
- 1960 build
- – on site
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.
Last checked:
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Checking…
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Last updated Jul 12, 2025
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MLS# 1630158 —
The Building
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Year Built:1960
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Construction Materials:Wood Siding, Shingle Siding, Wood Frame
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Roof:Shingle
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Basement:Interior, Walk-Out Access, Daylight, Full, Unfinished
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Direction Faces:None
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Building Features:None
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Building Area Total:1902.0
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Building Area Source:Public Records
Interior
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Furnished:Unfurnished
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Rooms Total:8
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Kitchen:true
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Fireplace:true
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Fireplace Features:None
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Flooring:Wood, Vinyl
Room Dimensions
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Living Area:None
Financial & Terms
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Land Lease:false
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Rent Includes:None
Location
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Directions:None
The Property
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Lot Features:Open, Sidewalks, Near Shopping, Near Town, Neighborhood, Near Public Transit
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Lot Size:8,712 Sqft
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Lot Size Area:0.2
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Lot Size Acres:0.2
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Lot Size Units:Acres
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Lot Size Source:Public Records
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Lot Size Dimensions:None
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Zoning:RN-1
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Property Attached:No
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Current Use:None
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Possible Use:None
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Topography:None
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Waterfront:false
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (207) 229-1547
- Office phone:
- (207) 747-4236
Taxes
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Tax Year:2025
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Tax Annual Amount:$5,003
Beds
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Bedrooms Total:4
Baths
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Full Baths:1
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Three Quarter Baths:None
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Half Baths:1
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Partial Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/mreis/1630158
Heating & Cooling
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Heating:Hot Water, Baseboard
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Heating:true
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Cooling:false
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Cooling:None
Utilities
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Electric:Circuit Breakers
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Washer, Refrigerator, Electric Range
Schools
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Elementary School:None
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Middle Or Junior School:None
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High School:None
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High School District:Portland Public Schools
The Community
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Spa Features:None
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Pool Private:No
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Association Amenities:None
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Association Fee Includes:None
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport Spaces:None
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Parking Features:1 - 4 Spaces, Paved
Monthly cost estimate
Asking price
$450,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,409
|
| Taxes | $416 |
| Insurance | $123 |
| Utilities | $444 See report |
| Total | $3,392/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/11/25
Jul 11, 2025
|
Listed / Active | MREIS | $450,000 |
56% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $20k above asking price on average, but some went as high as $142k over asking price.
