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.
Pending
$450,000
242 Ludlow Street, Portland, ME 04102
4beds
1,902sqft
Est.:
Single Family Residence
Built in 1960
8,712 Square Feet Lot
$-- Zestimate®
$237/sqft
$-- HOA
What's special
Woodburning fireplaceAmple closet spaceStrawberry patchOversized lotFlexible layoutSpacious kitchen
- 27 days
- on Zillow |
- 1,676 |
- 229 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 11:10am
Listed by:
Portside Real Estate Group
Source: Maine Listings,MLS#: 1630158

Travel times
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
- Hot Water, Baseboard
Cooling
- None
Appliances
- Included: Washer, Refrigerator, Electric Range
- Laundry: Washer Hookup
Features
- 1st Floor Bedroom, Bathtub, Shower, Storage
- Flooring: Wood, Vinyl
- Basement: Interior,Walk-Out Access,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
Video & virtual tour
Property
Parking
- Parking features: 1 - 4 Spaces, Paved
Lot
- Size: 8,712 Square Feet
- Features: Open Lot, Sidewalks, Near Shopping, Near Town, Neighborhood, Near Public Transit
Details
- Parcel number: PTLDM183ABA014001
- Zoning: RN-1
- Other equipment: Internet Access Available, Cable
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Wood Siding, Shingle Siding, Wood Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1960
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $237/sqft
- Tax assessed value: $333,300
- Annual tax amount: $5,003
- Date on market: 7/11/2025
- Road surface type: Paved
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