NOT LISTED FOR SALE

118 Old Patten Rd Island Falls, ME 04747

Estimated Value: $178,000 - $268,840

3 Beds
1.5 Baths
1,792 Sq Ft
$127/Sq Ft Est. Value

Last Sold May 29, 2018

Last sale price $45,000 $25 Per Sq Ft

Est. 364% increase in value since last sale

Current estimated payment $1,447/month

194 Days on Market

Highlights

  • 2,000 Feet of Waterfront
  • Wood Flooring
  • Detached Garage
  • Contemporary Architecture
  • No HOA
  • Forced Air Heating System

About This Home

As of May 2018

PRICE REDUCTION!!! This lovely 3 bedroom home is perfect for the home or Northern Maine getaway. It has spacious rooms, 1.5 bathrooms, hardwood flooring, cathedral ceilings, metal roofing and much more. There is plenty of room for equipment as well with the oversized storage building and detached 2 car garage. Best of all, you will have almost 7 acres of land and 2,000 feet of frontage on the Mattawamkeag River which offers great fishing, kayaking and beautiful view.

Last Agent to Sell the Property

Dan Patry

Patry Family Realty, Inc. Listed on: 09/12/2017

Last Buyer's Agent

Warren Walker

First Choice Real Estate

First Choice Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1915

Lot Details

  • 6.68 Acre Lot
  • 2,000 Feet of Waterfront
  • River Front
  • Level Lot
  • Property is zoned Rural

Home Design

  • 1,792 Sq Ft Home
  • Contemporary Architecture
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • Detached Garage
  • Driveway

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 35A
  • Assessor Parcel Number ISLA-000002-000000-000035A

Home Details

Home Type

Single Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 6.68
  • Road Surface Type: Paved
  • Water Body Name: Mattawamkeag
  • MLS Status: Closed
  • Directions: Exit 276 and take right until you get to Bishops Market. Then take left onto Old Patten Road. Property is on the left.
  • Above Grade Finished Sq Ft: 1792.0
  • Architectural Style: Contemporary
  • Year Built: 1915
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 6.68
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1792.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Roof:Metal: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Sewer:Private Sewer: Yes
  • Water Info:Waterfront Amount -: 2000.0
  • Water Info:Water Frontage Owned -: 2000.0
  • Property Information:Bank Owned REO: Yes
  • Basement Entry:Exterior Only: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Has Basement: Partial, Exterior Only
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Lot Features: Level, Intown
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 290980.8
  • Parcel #: ISLA-000002-000000-000035A
  • Zoning: Rural

Tax Info

  • Tax Annual Amount: 2513.0
  • Tax Book Number: 5532
  • Tax Lot: 35A
  • Tax Map Number: 2
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2017
Sold by
Pennymac Loan Services
Bought by
Department Of Housing & Urban Dev
Current Estimated Value
$208,697

Purchase Details

Closed on
Jul 5, 2017
Sold by
Pennymac Loan Services
Bought by
Pennymac Loan Services

Purchase Details

Closed on
Nov 3, 2008
Sold by
Derosier Jason L and Derosier Kristin L
Bought by
Skilton John and Allgood Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,502
Outstanding Balance
$74,807
Interest Rate
5.83%
Mortgage Type
FHA
Estimated Equity
$114,140
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Department Of Housing & Urban Dev -- --
Pennymac Loan Services -- --
Skilton John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cartee Charles N $55,927
Closed Cartee Charles N $59,398
Closed Cartee Charles N $59,398
Open Skilton John $113,502
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2018 05/29/18 Sold $45,000 -59.1% $25 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
09/12/2017 09/12/17 For Sale $110,000 -- $61 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,647 $162,100 $25,900 $136,200
2023 $3,263 $137,400 $20,300 $117,100
2022 $3,200 $130,600 $20,300 $110,300
2021 $2,965 $121,000 $20,300 $100,700
2020 $2,760 $116,200 $20,300 $95,900
2019 $2,678 $116,200 $20,300 $95,900
2018 $2,674 $111,200 $15,300 $95,900
2017 $2,546 $111,200 $15,300 $95,900
2016 $2,513 $111,200 $15,300 $95,900
2015 $2,374 $111,200 $15,300 $95,900
2014 $2,374 $111,200 $15,300 $95,900
2013 $2,369 $111,200 $15,300 $95,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1325879

Maine Listings

APN: ISLA-000002-000000-000035A