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517 Summit Street, Portland, ME, 04103

5beds
3baths
2,319sqft
$549,900
$237price/sqft
$3,895/moest. monthly cost
$155,800/yrincome needed

About This Home

If you need room, this house has it. 5 bedrooms/ 3 bathrooms allow for multiple uses and configurations. Two beds and one bath create a wing on the first floor perfect for an in-law suite, guest bedrooms, offices, etc.. You will love the recently remodeled kitchen, and some of the artistic touches including the multicolored metal roof. Set in a perfect location with frontage on Summit Street and Lambert Street. A one car garage allows for additional storage or a place to keep a car warm on cold nights. This house is close to shopping, the Old Port, Riverside Golf course, the Turnpike, and the lakes region. You will love the full house stand by generator on stormy night when you are sitting in front of the fireplace.

Getting Around

10
WalkingCar-Dependent
33
TransitSome Transit
43
BikeSomewhat Bikeable

Schools

4/10
5/10
Casco Bay High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1956

Materials

  • Roof: Metal
  • Construction materials: Wood Frame,Shingle Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Gas Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Bulkhead,Interior Entry,Full

Bedroom1

  • Level: First

Bedroom2

  • Level: First

Bedroom3

  • Level: First

Bedroom4

  • Level: First

Bedroom5

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Bonus Room

  • Level: First

Dining Room

  • Level: First

Features

  • Flooring: Carpet,Tile,Wood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,319

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 2,319
  • Total interior livable area: 2,319 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Property

Details

  • Parcel number: PTLDM385BB014001
  • Zoning: R

Lot

  • Lot size: 10,018 sqft
  • Features: Near Golf Course,Near Turnpike/Interstate,Neighborhood,Level

Parking

  • Total spaces: 1
  • Parking features: Paved,1 - 4 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

  • Winter Weather
    Winter WeatherVery High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Ice Storm
Lightning
Cold Wave
Hurricane
Strong Wind
Tsunami

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe Storm
Winter Storm

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

MonthlyAnnual
Mortgage $2,780$33,360
Home Insurance $127$1,524
Property Taxes $651$7,812
Electricity $337$4,045
Total$3,895$46,740

Income You'd Need if You Spent...

35% on housing$133,542/yr
40% on housing$116,850/yr
45% on housing$103,866/yr

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.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$237This listing

vs Other Active Listings

Avg $/sqft

ZIP 04103$313
Cumberland County$369

vs Homes Sold Last Month

Median $/sqft

ZIP 04103$337
Cumberland County$317

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

DateEventPrice
2026-05-01Listed for sale$624,900
2003-10-22Sold$245,000

For Sale by Agent

AgentRichard Yost
BrokerageNextHome NorthEast Realty

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