505 OCEAN ST
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Location
505 OCEAN ST
Mblu
020/ / 024/ /
Owner
RHO, LLC
Total Market Value
$964,200
PID
3964
Building Count
4
Current Value
Assessment
Valuation YearImprovementsLandTotal
0$746,400$217,800$964,200

Owner of Record
OwnerRHO, LLC
Co-Owner
AddressPO BOX 2288
SOUTH PORTLAND, ME 04116-2288
Sale Price$748,393
Certificate
Book & Page 33106/0201
Sale Date05/10/2016
InstrumentWD

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
RHO, LLC$748,393 33106/0201WD05/10/2016
SCHOODIC EQUITY INVESTORS II, LLC$499,000 27297/00570210/01/2009
ELMHURST REALTY, LLC$0 23149/02130208/26/2005
GOWEN, DIANA F.$0 20770/0320DV01/12/2004
SHEKINAH REALTY, L.L.C.$0 14912/0049PT07/09/1999

Building Information
Building 1 : Section 1
Year Built: 1945
Living Area: 3,360
Replacement Cost: $506,719
Building Percent Good: 50
Replacement Cost
Less Depreciation:
$253,400
Building Attributes
FieldDescription
Style:Stores/Apt Com
ModelCommercial
GradeBelow Average
Stories:2
Occupancy3.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2Plastered
Interior Floor 1Tile A V R
Interior Floor 2Carpet
Heating FuelGas
Heating TypeHot Water
AC TypeNone
Bldg UseSTORE/SHOP MDL-94
Total Rooms 
Total Bedrms00
Total Baths2
1st Floor Use:3220
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 1,920 1,920
FUSUpper Story, Finished 1,440 1,440
UBMBasement, Unfinished 1,440 0
USTUtility, Storage, Unfinished 288 0
   5,088 3,360
Building 2 : Section 1
Year Built: 1958
Living Area: 1,504
Replacement Cost: $286,677
Building Percent Good: 66
Replacement Cost
Less Depreciation:
$189,200
Building Attributes : Bldg 2 of 4
FieldDescription
Style:Office Bldg
ModelCommercial
GradeAverage
Stories:1
Occupancy2.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Parquet/Pergo
Interior Floor 2Tile A V R
Heating FuelGas
Heating TypeHot Water
AC TypeNone
Bldg UseSTORE/SHOP MDL-94
Total Rooms 
Total Bedrms00
Total Baths2
1st Floor Use:3220
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 1,504 1,504
   1,504 1,504
Building 3 : Section 1
Year Built: 1940
Living Area: 1,008
Replacement Cost: $199,554
Building Percent Good: 72
Replacement Cost
Less Depreciation:
$143,700
Building Attributes : Bldg 3 of 4
FieldDescription
Style:Commercial
ModelCommercial
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Parquet/Pergo
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeUnit/AC
Bldg UseSTORE/SHOP MDL-94
Total Rooms 
Total Bedrms 
Total Baths2
1st Floor Use: 
Heat/ACNONE
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 1,008 1,008
   1,008 1,008
Building 4 : Section 1
Year Built: 1870
Living Area: 1,127
Replacement Cost: $246,334
Building Percent Good: 65
Replacement Cost
Less Depreciation:
$160,100
Building Attributes : Bldg 4 of 4
FieldDescription
Style:Cape
ModelResidential
Grade:Below Average
Stories:1
Occupancy1
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof Structure:Gable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Plastered
Interior Wall 2Drywall/Sheet
Interior Flr 1Pine/Soft Wood
Interior Flr 2Carpet
Heat FuelGas
Heat Type:Forced Air-Duc
AC Type:None
Total Bedrooms:2 Bedrooms
Total Bthrms:2 Full
Total Half Baths:0
Total Xtra Fixtrs: 
Total Rooms:5
Bath Style:Average
Kitchen Style: 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 833 833
EAFAttic, Expansion, Finished 735 294
UBMBasement, Unfinished 833 0
UOPPorch, Open, Unfinished 42 0
USTUtility, Storage, Unfinished 35 0
   2,478 1,127

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code3220
DescriptionSTORE/SHOP MDL-94  
Neighborhood
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.55
Frontage0
Depth0
Total Market Land$217,800

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$746,400$217,800$964,200
2024$746,400$217,800$964,200
2023$638,600$206,800$845,400

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