NOT LISTED FOR SALE

16 Mollys Way Arundel, ME 04046

Estimated Value: $796,994 - $1,032,000

1.12 Acres
$790,178 Price per Acre
48,787 Sq Ft Lot

Last Sold September 06, 2022

Last sale price $145,000 $64 Per Sq Ft

Est. 510% increase in value since last sale

Current estimated payment $5,303/month

266 Days on Market

Highlights

  • Wooded Lot
  • Cul-De-Sac
  • Level Lot
  • Kennebunk High School Rated 9+
  • Property is near a golf course

About This Lot

As of September 2022

Welcome to Molly's Way in Arundel! This lovely community of 20 homes, features private wooded lots and quality built homes in a great location. Molly's Way is easily accessible and convenient to shopping, beaches, entertainment, and employment. Located just 30 mins south of Portland, near the Dutch Elm Golf Course, it also includes access to award winning schools - RSU 21 School District in Kennebunk & Thornton Academy in Saco. Land and Home Design packages available too.

Last Agent to Sell the Property

Deborah Lynch

RE/MAX Realty One Listed on: 11/18/2021

Last Buyer's Agent

Deborah Lynch

RE/MAX Realty One License #039396

RE/MAX Realty One

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,238

Lot Details

  • 1.12 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Rural Setting
  • Level Lot
  • Wooded Lot

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • No Driveway
  • Off-Street Parking

Location

  • Property is near a golf course

Utilities

  • Underground Utilities
  • Natural Gas Not Available
  • Well Required
  • Septic Needed

Community Details

  • Old Thompson Trail Home Owners Association Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number Lot16Molly'swayarundel04046

Property Details

Property Type

Land

Est. Annual Taxes

$2,238

Lot Details

0

HOA Fees

$63 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.12
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Old Thompson Trail Home Owners Association
  • Directions: From I-95 Exit in Biddeford, head west on Route 111/Alfred St for 1.6 miles. LEFT on New Rd, LEFT on Limerick Rd, LEFT on South Skillings Rd, LEFT on Laura Ln, LEFT on Oak Ridge Terrace Rd. A Right onto Molly's Way
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.12
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Parking:Off Street: Yes
  • Location Information:Association Fee: 750.0
  • Location Information:Fee Frequency Paid: Annually
  • Roads:Private: Yes
  • Gas:No Gas: Yes
  • Location:Rural: Yes
  • Site:Wooded: Yes
  • Driveway:No Driveway: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Mobile Homes Allowed: No
  • Water:Well Needed on Site: Yes
  • Sewer:Septic Needed: Yes
  • Site:Cul-De-Sac: Yes
  • Electric:Underground: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Cul-De-Sac, Level, Wooded, Near Golf Course, Neighborhood, Rural, Subdivided
  • Waterfront: No

Garage/Parking

  • Parking Features: No Driveway, 1 - 4 Spaces, Off Street

Utilities

  • Electric: Underground
  • Sewer: Septic Needed
  • Water Source: Well Needed on Site

Condo/Co-op/Association

  • Association Fee: 750.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Other Restrictions

Schools

  • Junior High Dist: RSU 21

Lot Info

  • Lot Size Sq Ft: 48787.2
  • Parcel #: Lot16Molly'swayarundel04046
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 2238.0
  • Tax Book Number: 17835
  • Tax Lot: 16
  • Tax Map Number: 17
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2024
Sold by
Delaite Megi
Bought by
Delaite Megi and Delaite Devin D
Current Estimated Value
$884,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Outstanding Balance
$490,738
Interest Rate
6.49%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$368,106

Purchase Details

Listed on
Nov 18, 2021
Closed on
Oct 26, 2022
Sold by
South Coast Const Inc
Bought by
Cobb Jessica M and Cobb Joshua L
Seller's Agent
Deborah Lynch
RE/MAX Realty One
Buyer's Agent
Deborah Lynch
RE/MAX Realty One
List Price
$157,000
Sold Price
$145,000
Premium/Discount to List
-$12,000
-7.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.18%
Original Mortgage
$548,000
Interest Rate
6.92%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Delaite Megi -- None Available
Delaite Megi -- None Available
Cobb Jessica M $679,850 None Available
Cobb Jessica M $679,850 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobb Jessica M $50,000
Open Delaite Megi $495,000
Closed Delaite Megi $495,000
Previous Owner Cobb Jessica M $548,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Sold $145,000 -7.6% $64 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
11/18/2021 11/18/21 For Sale $157,000 -- $70 / 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 $6,795 $399,700 $69,600 $330,100
2023 $6,795 $399,700 $69,600 $330,100
2022 $6,748 $399,300 $69,600 $329,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Deborah Lynch

    RE/MAX

  • Deb Lynch

    Buyer's Agent in 2022

    Deb Lynch

    Keller Williams Coastal and Lakes & Mountains Realty

    (978) 239-8816

    2 in this area

    24 Total Sales

    Deb Lynch
    Section Image
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Map

Source: Maine Listings

MLS Number: 1515043

Maine Listings

APN: ARUN M:017 L:015A-19

Maine York County Arundel 04046

16 Mollys Way, Arundel, ME

This home is located at 16 Mollys Way, Arundel, ME 04046 since 18 November 2021 and is currently estimated at $884,999, approximately $393 per square foot. 16 Mollys Way is a home located in York County with nearby schools including Kennebunk High School.

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