$270,000
SOLD SEP 22, 2023

11 Terrace Way Unit 6 Rangeley, ME 04970

2 Beds
1 Bath
500 Sq Ft
$250/mo HOA Fee

Recently Sold

$540 Per Sq Ft

23% Below List Price

66 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Boat Slip
  • 360 Feet of Waterfront
  • Country Club
  • Wooded Lot

About This Home

As of September 2023

Rangeley Lake. 2 BR, 1 BA cabin. Yearly Assn fee of $3000 covers property taxes, insurance, fiber optic internet, grounds and beach maintenance, landscaping, and electricity. Westerly sunsets, fire pits, 4 docks, 360' of shared lake front, private boat slip and mooring. Great swimming & fishing. Be on the big lake at a small cost. Adorable, cozy cabin with new Jotul gas viewing fireplace. 2nd bedroom on lower level. Completely renovated in 2010 top to bottom. A jewel of a camp! Enjoy 2 levels of private decks overlooking the lake. Cottage community of 7 cabins. Excellent rental history. New plumbing, roof, electric, & windows. On demand hot water. Outstanding cabin! Spectacular view facing west. Beautiful grounds. Cabin comes fully furnished. Sleeps 6. Property to convey by LLC share

Last Agent to Sell the Property

Carolyn Smith

Morton & Furbish Agency

Last Buyer's Agent

Wendy Dodge

Noyes Real Estate Agency

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1950

Lot Details

  • 360 Feet of Waterfront
  • Lake Front
  • Seasonal Access to Property
  • Landscaped
  • Lot Has A Rolling Slope
  • Wooded Lot

HOA Fees

  • $250 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista
  • Woods
  • Mountain

Home Design

  • Cottage
  • Camp Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Furnished
  • Cathedral Ceiling
  • Living Room
  • Walk-Out Basement

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Formica Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Beach Access
  • Deep Water Access
  • Mooring
  • Boat Slip
  • Docks
  • Outbuilding
  • Porch

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Water Heated On Demand
  • Septic System
  • Private Sewer
  • Internet Available
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 11 terracewayrangeleyplantation04970

Community Details

Recreation

  • Country Club

Additional Features

  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,500

Year Built

Built in 1950

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 1.6
  • Road Surface Type: Paved
  • Water Body Name: Rangeley
  • MLS Status: Closed
  • Directions: From Rangeley, go south approximately 2.5 miles. Look for the brown sign on the right that says ''The Terraces''. Park in lot and head down to the lake, look for cabin #6, near the lake.
  • Above Grade Finished Sq Ft: 400.0
  • Architectural Style: Camp, Cottage
  • Garage Yn: No
  • Year Built: 1950
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 1.6
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 400.0
  • Property Information:SqFt Finished Below Grade: 100.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Microwave: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:On Demand: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 3000.0
  • Location Information:Fee Frequency Paid: Annually
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 1
  • Driveway:Common2: Yes
  • Living Room:Living Room: Yes
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Sewer:Private Sewer: Yes
  • Roof:Pitched: Yes
  • Water Info:Waterfront Amount -: 360.0
  • Water Info:Water Frontage Shared -: 360.0
  • Recreational Water:Deeded: Yes
  • Recreational Water:Waterfront Deep: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Site:RollingSloping: Yes
  • Style:Camp: Yes
  • Appliances Included:Gas Range: Yes
  • Sewer:Septic Existing on Site: Yes
  • Kitchen Countertop:Formica: Yes
  • Equipment:Satellite Dish: Yes
  • Kitchen Amenities:Cathedral Ceiling6: Yes
  • Living Room Amenities:Cathedral Ceiling5: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • View:Mountain(s): Yes
  • Amenities:Furniture Included: Yes
  • Water Info:Island3: No
  • Transportation:Deep Water Access: Yes
  • Recreational Water:Dock: Yes
  • Primary Bedroom Amenities:Cathedral Ceiling4: Yes
  • Recreational Water:Beach Rights: Yes
  • Recreational Water:Boat Mooring: Yes
  • Kitchen Amenities:Breakfast Nook: Yes
  • Room Features:Breakfast Nook2: Yes
  • Recreational Water:Boat Slip: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Gas Range
  • Has Basement: Other, Walk-Out Access
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 100.0
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Storage
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Rolling Slope, Landscaped, Wooded, Near Golf Course, Near Shopping
  • View: Mountain(s), Scenic, Trees/Woods
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch
  • Roof: Pitched, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, Common, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 3000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 69696.0
  • Parcel #: 11 terracewayrangeleyplantation04970
  • Zoning: Shoreland

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 1500.0
  • Tax Book Number: 9999
  • Tax Lot: 5
  • Tax Map Number: 29
  • Tax Year: 2022

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2023 09/22/23 Sold $270,000 -22.6% $540 / Sq Ft
08/29/2023 08/29/23 Pending -- -- --
06/24/2023 06/24/23 For Sale $349,000 +149.3% $698 / Sq Ft
07/01/2016 07/01/16 Sold $140,000 -4.8% $222 / Sq Ft
06/09/2016 06/09/16 Pending -- -- --
06/30/2015 06/30/15 For Sale $147,000 -- $233 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1563268

Maine Listings

Maine Franklin County Rangeley 04970

11 Terrace Way Unit 6, Rangeley, ME

Homes for Sale in Rangeley, ME

This home is located at 11 Terrace Way Unit 6, Rangeley, ME 04970 and is currently priced at $270,000, approximately $540 per square foot. This property was built in 1950. 11 Terrace Way Unit 6 is a home located in Franklin County with nearby schools including Rangeley Lakes Regional School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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