NOT LISTED FOR SALE

1550 Us Route 1 Freeport, ME 04032

Estimated Value: $466,000 - $513,640

3 Beds
2 Baths
1,653 Sq Ft
$292/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $232,500 $141 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,984/month

1 Day on Market

Highlights

  • Barn
  • 17 Acre Lot
  • Wooded Lot
  • Mast Landing School Rated A
  • Cape Cod Architecture
  • Cathedral Ceiling

About This Home

As of February 2020

1780's farmhouse looking for the right buyer to bring it back to its original beauty. This 3-bedroom 2-bathroom home features the original wide pine floors, exposed beams, and hand detailed woodworking throughout the house. This 17-acre parcel consists of 14 acres of conservation land and a 3-acre homestead area for the home that also features a beautiful meadow and pond. In addition, there's a fantastic John Libby barn that was built in 1981. First floor master with cathedral ceilings and master bath. Convenient jack and jill bath on the second floor. This property also features a newer roof, furnace, and electrical updates. Home is being sold in ''as is'' condition. Ideal for purchase plus improvement loan or conventional financing.

Last Agent to Sell the Property

Joyce Frost

Bean Group Listed on: 01/06/2020

Last Buyer's Agent

Taylor McFarlane

Portside Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,861

Year Built

  • Built in 1780

Lot Details

  • 17 Acre Lot
  • Level Lot
  • Wooded Lot
  • Property is zoned MDA

Home Design

  • Cape Cod Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 1,653 Sq Ft Home
  • Built-In Features
  • Cathedral Ceiling
  • Living Room
  • Dining Room
  • Den
  • Attic

Kitchen

  • Electric Range
  • Formica Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor

Parking

  • Detached Garage
  • Parking Storage or Cabinetry
  • Gravel Driveway

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Oil Water Heater
  • Septic System
  • Septic Design Available
  • Private Sewer

Additional Features

  • Accessible Approach with Ramp
  • Outbuilding
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 1550USRoute1Freeport04032

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,861

Year Built

Built in 1780

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 17.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Take 295 to exit #24, left onto Route 1, head north about 1 mile until #1550 on the right side.
  • Above Grade Finished Sq Ft: 1653.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Year Built: 1780
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 105.87
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 17.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1653.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Amenities:Walk-in Closets: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Room Features:Walk-in Closet17: Yes
  • Gas:No Gas: Yes
  • Exterior:Clapboard: Yes
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Basement:Dirt Floor: Yes
  • Amenities:Attic: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Kitchen Countertop:Formica: Yes
  • Sewer:Septic Design Available: Yes
  • Water Heater:Oil2: Yes
  • Vehicle Storage:Storage Above: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • Room Features:Built-Ins30: Yes
  • Den:Den: Yes
  • Accessibilitiy Amenities:Ramped Main Level: Yes
  • Primary Bedroom Amenities:Cathedral Ceiling4: Yes
  • Foundation Materials:Granite2: Yes
  • Bedroom Amenities 2:Walk-in Closet2: Yes
  • Bedroom Amenities 3:Cathedral Ceiling9: Yes
  • Living Room Amenities:Built-Ins14: Yes
  • Dining Room Amenities:Built-Ins8: Yes
  • Other Structures:Barn: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: 1780's farmhouse looking for the right buyer to bring it back to its original beauty. This 3-bedroom 2-bathroom home features the original wide pine floors, exposed beams, and hand detailed woodworking throughout the house. This 17-acre parcel consists of 14 acres of conservation land and a 3-acre homestead area for the home that also features a beautiful meadow and pond. In addition, there's a fantastic John Libby barn that was built in 1981. First floor master with cathedral ceilings and master bath. Great woodstove in the living room. Convenient jack and jill bath on the second floor. This property also features a newer roof, furnace, and electrical updates. Home is being sold in ''as is'' condition. Ideal for purchase plus improvement loan or conventional financing.
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer
  • Accessibility Features: Accessible Approach with Ramp
  • Has Basement: Dirt Floor, Full, Interior Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Walk-in Closets, 1st Floor Primary Bedroom w/Bath, Attic, Bathtub, Shower
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Level, Wooded, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Shingle Siding, Clapboard, Wood Frame
  • Foundation Details: Granite
  • Other Structures: Barn, Outbuilding
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Detached, Storage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available, Septic Existing on Site
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 740520.0
  • Parcel #: 1550USRoute1Freeport04032
  • Zoning: MDA

Tax Info

  • Tax Annual Amount: 3861.0
  • Tax Lot: 7
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Feb 28, 2020
Sold by
Simpson Elizabeth B Est and Smith
Bought by
Burnett Kerin O
Seller's Agent
Joyce Frost
Bean Group
Buyer's Agent
Taylor McFarlane
Portside Real Estate Group
List Price
$175,000
Sold Price
$232,500
Premium/Discount to List
$57,500
32.86%
Current Estimated Value
$483,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,713
Avg. Annual Appreciation
13.52%
Original Mortgage
$132,500
Outstanding Balance
$117,569
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$365,644
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Burnett Kerin O -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burnett Kerin O $132,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $232,500 +32.9% $141 / Sq Ft
01/08/2020 01/08/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $175,000 -- $106 / 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 $5,279 $395,400 $178,900 $216,500
2023 $4,876 $354,600 $162,800 $191,800
2022 $4,653 $340,900 $149,100 $191,800
2021 $4,551 $340,900 $149,100 $191,800
2020 $4,423 $315,900 $138,600 $177,300
2019 $4,233 $296,000 $131,100 $164,900
2018 $4,145 $275,400 $122,300 $153,100
2017 $3,969 $265,500 $119,600 $145,900
2016 $3,892 $246,300 $110,800 $135,500
2015 $3,575 $212,800 $92,700 $120,100
2014 $3,362 $212,800 $92,700 $120,100
2013 $3,419 $215,700 $90,800 $124,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1441766

Maine Listings

APN: FPRT-000018-000007