NOT LISTED FOR SALE

192 Rhode Island Ave Lyman, ME 04002

Lyman Neighborhood

Estimated Value: $385,000 - $414,000

2 Beds
1 Bath
520 Sq Ft
$768/Sq Ft Est. Value

Last Sold July 23, 2024

Last sale price $390,000 $750 Per Sq Ft

Current estimated payment $2,360/month

13 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Wooded Lot
  • 100 Feet of Waterfront
  • Home fronts a pond
  • Wood Flooring

About This Home

As of July 2024

Turn-Key Waterfront Log Cabin on Bunganut Lake with 100 feet of waterfront with aluminum dock and stairs!

Key Features:
Cottage Type: L.C. Andrews Cedar Log-Sided
Waterfront Access: 100 feet of pristine, deep waterfront
Fishing: Excellent opportunities for Brown Trout and Rainbow Salmon
Boating: No restrictions - Private lake with no public boat launch, perfect for all types of watercraft!
Included: Pivot aluminum dock with stairs and all furnishings.
Additional Structures: Cozy farmers porch with roof and a handy shed.
Atmosphere: Serene and peaceful, ideal for relaxation and nature lovers.

Enjoy tranquil living on the highly desirable Bunganut Lake, with direct access to some of the best fishing and boating experiences. This charming cottage is perfect for those looking to escape the hustle and bustle and immerse themselves in nature's beauty.

Don't miss this rare opportunity!

Last Agent to Sell the Property

Karen Cudworth

Lakeside Realty, LLC Listed on: 06/24/2024

Co-Listed By

Melissa Smith

Lakeside Realty, LLC

Last Buyer's Agent

Melissa Smith

EXP Realty

EXP Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,523

Year Built

  • Built in 1963

Lot Details

  • 9,583 Sq Ft Lot
  • Home fronts a pond
  • 100 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Street terminates at a dead end
  • Rural Setting
  • Seasonal Access to Property
  • Open Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned Shoreland

Parking

  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Log Siding

Interior Spaces

  • 520 Sq Ft Home
  • Furnished
  • Living Room
  • Wood Flooring

Kitchen

  • Stove
  • Gas Range
  • Microwave

Bedrooms and Bathrooms

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • Docks
  • Shed
  • Outhouse
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Baseboard Heating
  • The lake is a source of water for the property
  • Electric Water Heater
  • Septic System
  • Internet Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number LYMN-000029-000000-000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,523

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Road Surface Type: Gravel, Paved
  • Water Body Name: Bunganut Lake
  • Co List Office Mls Id: 2662
  • Co List Office Phone: 207-850-1099
  • MLS Status: Closed
  • Directions: GPS Friendly, follow the signs
  • Above Grade Finished Sq Ft: 520.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1963
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 520.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Microwave: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Amenities:Shower: Yes
  • Living Room:Living Room: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Heat Fuel:Wood2: Yes
  • Location:Rural: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Owned -: 100.0
  • Recreational Water:Deeded: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Appliances Included:Gas Range: Yes
  • Sewer:Septic Existing on Site: Yes
  • View:Scenic: Yes
  • Amenities:Furniture Included: Yes
  • Recreational Water:Dock: Yes
  • Other Structures:Shed: Yes
  • Other Structures:OuthousePrivy: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Gas Range
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Shower
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Open Lot, Right of Way, Rolling Slope, Wooded, Rural
  • View: Scenic
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes
  • Construction Type: Log Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Outhouse/Privy, Shed(s)
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Exterior:Log Siding: Yes
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove, Other, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Water Source: Lake Drawn

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: RSU 57/MSAD 57

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.2
  • Parcel #: LYMN-000029-000000-000004
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 2523.0
  • Tax Book Number: 15198
  • Tax Lot: 4
  • Tax Map Number: 29
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Jul 23, 2024
Sold by
Adams Gayle L and Adams Michael C
Bought by
Boucher Leroy P and Boucher Kathleen M
Seller's Agent
Karen Cudworth
Lakeside Realty, LLC
Buyer's Agent
Melissa Smith
EXP Realty
List Price
$424,900
Sold Price
$390,000
Premium/Discount to List
-$34,900
-8.21%
Views
23
Current Estimated Value
$391,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,265
Avg. Annual Appreciation
2.21%

Purchase Details

Closed on
Jul 2, 2007
Sold by
Bartlett Clayton L
Bought by
Adams Gayle L and Adams Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
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
Boucher Leroy P $390,000 None Available
Boucher Leroy P $390,000 None Available
Adams Gayle L -- --
Adams Gayle L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Michael C $128,500
Previous Owner Adams Gayle L $174,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2024 07/23/24 Sold $390,000 -8.2% $750 / Sq Ft
06/25/2024 06/25/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $424,900 0.0% $817 / Sq Ft
06/23/2024 06/23/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $424,900 -- $817 / 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 $2,610 $207,000 $172,000 $35,000
2023 $2,523 $207,000 $172,000 $35,000
2022 $2,422 $207,000 $172,000 $35,000
2021 $2,376 $207,000 $172,000 $35,000
2020 $2,172 $202,000 $164,000 $38,000
2019 $2,115 $202,000 $164,000 $38,000
2018 $2,045 $169,000 $136,000 $33,000
2017 $1,920 $153,700 $124,300 $29,400
2015 $1,906 $153,700 $124,300 $29,400
2014 $1,867 $153,700 $124,300 $29,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1592940

Maine Listings

APN: LYMN-000029-000000-000004