NOT LISTED FOR SALE

164 Leeman Arm E Palermo, ME 04354

Estimated Value: $471,997

2 Beds
1 Bath
1,027 Sq Ft
$460/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $342,500 $333 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,759/month

2 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Deck
  • Main Floor Bedroom
  • Chalet
  • Wooded Lot
  • Loft

About This Home

As of October 2021

Picture perfect in Palermo! Nestled on the shores of Sheepscot Pond, this fully furnished cabin delivers on dreams of lakefront living. Aptly named 'Serene Sunrise Cabin', this turnkey treasure is a rustic yet refreshed respite with tip-to-tail-amenities. Positioned on nearly one acre with 100 feet of frontage, the property provides a gateway to one of Maine's healthiest bodies of water, offering opportunities for swimming, boating, kayaking and cold + warm water fishing. The scent of pines, sparkling water, spacious deck and new dock make for effortless outdoor enjoyment. Inside, the open, airy layout lends seamless access to your favorite people and pets, whether whipping up a meal in the kitchen or whooping it up with games in the living room. Two formal bedrooms, a bathroom with shower and a spacious loft with 4 additional beds mean there's room for all to enjoy this precious place! From kitchenware to linens, this cottage is fully prepared for memories-in-the-making and features excellent cell phone and internet connectivity, updated electrical wiring and plumbing, a new dock, new bathroom vanity, air conditioning, a fire pit, televisions, electric fireplace, washer/dryer and outdoor shed for tools & toys. Palermo's serene setting is paired with proximity to life's conveniences, with Augusta and Belfast a quick 25 minutes away. Recent rental income reaching nearly 20K makes this classic Maine cabin an opportunity for investment, personal pleasure or both!

Last Agent to Sell the Property

Bridget King Jason Miller

King + Miller Real Estate Listed on: 09/10/2021

Last Buyer's Agent

Steven Chicoine

Rizzo Mattson

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,059

Year Built

  • Built in 1979

Lot Details

  • 0.8 Acre Lot
  • 100 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Rural Setting
  • Seasonal Access to Property
  • Level Lot
  • Wooded Lot
  • Property is zoned Shoreland

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Chalet
  • Cottage
  • Camp Architecture
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,027 Sq Ft Home
  • Living Room
  • Dining Room
  • Loft
  • Washer

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom
  • Shower Only

Outdoor Features

  • Deck
  • Shed

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Space Heater
  • Natural Gas Not Available
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number PALE-000004-000000-000056-D000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,059

Year Built

Built in 1979

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.8
  • Road Frontage Type: Private
  • Water Body Name: Sheepscot Lake
  • MLS Status: Closed
  • Directions: Route 3 in Palermo onto Leeman Arm-bear left onto Leeman Arm East. Property on the left.
  • Above Grade Finished Sq Ft: 1027.0
  • Architectural Style: Camp, Chalet, Cottage
  • Garage Yn: No
  • Year Built: 1979
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.8
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1027.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Location Information:Association Fee: 150.0
  • Location Information:Fee Frequency Paid: Annually
  • Roads:Private: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Roof:Metal: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Owned -: 100.0
  • Style:Cottage: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Dining Room Amenities:Dining Area: Yes
  • Room Features:Dining Area2: Yes
  • Site:Wooded: Yes
  • Site:RollingSloping: Yes
  • Style:Camp: Yes
  • View:Scenic: Yes
  • Heat System:Space Heater: Yes
  • Loft:Loft: Yes
  • Cooling:AC Units: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dishwasher
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Shower
  • Bedroom 2 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Rolling Slope, Wooded, Rural
  • View: Scenic
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Metal
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Stove, Space Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 150.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 34848.0
  • Parcel #: PALE-000004-000000-000056-D000000
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 3059.0
  • Tax Book Number: 4617
  • Tax Lot: 56
  • Tax Map Number: D4
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2023
Sold by
Diane M Knight T M and Diane Murray
Bought by
164 Leeman Arm East Llc
Current Estimated Value
$471,997
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
164 Leeman Arm East Llc -- None Available
164 Leeman Arm East Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2021 10/06/21 Sold $342,500 +15.7% $333 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $296,000 -- $288 / 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 $3,043 $264,600 $115,200 $149,400
2023 $2,911 $264,600 $115,200 $149,400
2022 $2,752 $264,600 $115,200 $149,400
2021 $3,127 $226,600 $115,200 $111,400
2020 $3,059 $226,600 $115,200 $111,400
2019 $3,014 $226,600 $115,200 $111,400
2018 $2,878 $226,600 $115,200 $111,400
2017 $3,036 $226,600 $115,200 $111,400
2016 $2,991 $226,600 $115,200 $111,400
2015 $3,014 $226,600 $115,200 $111,400
2013 $2,910 $253,000 $115,200 $137,800
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Maine Listings

MLS Number: 1508404

Maine Listings

APN: PALE-000004-000000-000056-D000000