7 Preston Way, Cumberland, ME, 04021
About This Home
Investors take notice! This is your opportunity to own two (2) free standing homes with detached garage with storage above. Large storage shed. whole house generator that runs both homes. Both homes and garage have new shingles. New septic system and low monthly heating cost. Each home is fully equipped with appliances. Front Cape is currently vacant.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1930
Materials
- Foundation: Poured Concrete,Slab
- Roof: Pitched,Shingle
- Construction materials: Wood Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Cape Cod,Ranch
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Doghouse,Walk-Out Access,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- 1st Floor Bedroom,Storage
- Flooring: Carpet,Tile,Vinyl,Wood
- Finished area below ground: 0
- Finished area above ground: 1,597
Heating & Cooling
- Heating features: Baseboard,Direct Vent Furnace,Forced Air
- Cooling features: None
Interior Area
- Total structure area: 1,597
- Total interior livable area: 1,597 sqft
Property
Details
- Parcel number: CMBLMU19L19
- Zoning: VOC1
Features
- Has view: Yes
- View description: Trees/Woods
Lot
- Lot size: 0.40 Acres
- Features: Near Town,Level
Parking
- Total spaces: 1
- Parking features: Common,Paved,5 - 10 Spaces
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Winter Weather
- Hurricane
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,527 | $30,324 |
| Home Insurance | $130 | $1,560 |
| Property Taxes | $988 | $11,856 |
| Electricity | $244 | $2,930 |
| Total | $3,889 | $46,668 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-21 | Listed for sale | $575,000 |
| 2025-12-01 | Listing removed | $550,000 |
| 2025-11-18 | Listed for sale | $550,000 |
| 2025-11-11 | Pending sale | $550,000 |
| 2025-10-03 | Price change | $550,000 |
| 2025-08-17 | Listed for sale | $599,900 |
| 2025-07-16 | Listing removed | $649,900 |
| 2025-07-09 | Listed for sale | $649,900 |
| 2022-10-30 | Listing removed | -- |
| 2022-10-12 | Listed for rent | $1,700 |
| 2022-05-25 | Listing removed | -- |
| 2022-05-18 | Listed for rent | $1,700 |
| 2022-01-07 | Sold | $450,000 |
| 2021-11-19 | Pending sale | $450,000 |
| 2021-10-18 | Listed for sale | $450,000 |
| 2021-07-02 | Listing removed | -- |
| 2021-06-30 | Listed for sale | $399,000 |
| 2021-05-01 | Listing removed | -- |
| 2021-03-04 | Price change | $430,000 |
| 2021-02-19 | Listed for sale | $449,000 |
| 2021-02-11 | Pending sale | $449,000 |
| 2021-02-04 | Listed for sale | $449,000 |
| 2020-05-18 | Listing removed | $415,000 |
| 2020-02-24 | Price change | $415,000 |
| 2020-01-20 | Listed for sale | $425,000 |
For Sale by Agent
View on Zillow