NOT LISTED FOR SALE

22 S Ridge Rd Palmyra, ME 04965

Estimated Value: $133,293 - $170,000

58 Acres
$2,615 Price per Acre
2,526,480 Sq Ft Lot

Last Sold October 25, 2016

Last sale price $75,000

Est. 102% increase in value since last sale

Current estimated payment $909/month

Highlights

  • 58 Acre Lot
  • Wooded Lot
  • Pasture
  • Farm
  • No HOA
  • Agricultural

About This Lot

As of October 2016

HUNTERS TAKE NOTICE! Approximately 58 acres of land with 40' x 48' metal barn for storage with a 14' high door. Previously had a home on it that will be torn down before closing. Private water well is still usable but the septic system is so ancient, it should not be relied on for future use. Of the 58 acres, approximate 15 acres is cleared field for hay. Balance of the land is wooded and full of animals. Several points of land access off the South Ridge Rd will make for easy subdivision in the future.

Last Agent to Sell the Property

Philip Cormier

ERA Dawson-Bradford Co. Listed on: 10/25/2016

Last Buyer's Agent

Philip Cormier

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,629

Lot Details

  • 58 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot
  • Wooded Lot
  • Property is zoned Rural

Parking

  • Gravel Driveway
  • On-Site Parking

Farming

  • Farm
  • Agricultural
  • Pasture

Utilities

  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 22SouthRidgeRdPalmyra04965

Property Details

Property Type

Land

Est. Annual Taxes

$1,629

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 58.0
  • MLS Status: Closed
  • Directions: From Palmyra Center & Post Ogffice, take Rte 2 east toward Newport for o.5 mile. At blinking yellow light, take right on South Ridge Rd. Subject property is 2nd drive on left, see attached tax map.
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 58.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Gas:No Gas: Yes
  • Parking:On Site2: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:None4: Yes
  • Site:Agriculture: Yes
  • Site:Farm: Yes
  • Utility Info Electric On Site: Yes
  • Site:PastureField: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Farm, Agriculture, Level, Open Lot, Rolling Slope, Wooded, Pasture, Rural
  • Waterfront: No

Garage/Parking

  • Parking Features: 21+ Spaces, Gravel, On Site

Utilities

  • Electric: On Site
  • Sewer: None
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Lot Size Sq Ft: 2526480.0
  • Parcel #: 22SouthRidgeRdPalmyra04965
  • Zoning: Rural

Tax Info

  • Tax Annual Amount: 1629.0
  • Tax Book Number: 4122
  • Tax Lot: 26
  • Tax Map Number: 13
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2016
Closed on
Oct 28, 2016
Sold by
Cray Donna J and Cray Michael P
Bought by
Smith William L
Seller's Agent
Philip Cormier
ERA Dawson-Bradford Co.
Buyer's Agent
Philip Cormier
ERA Dawson-Bradford Co.
List Price
$85,222
Sold Price
$75,000
Premium/Discount to List
-$10,222
-11.99%
Current Estimated Value
$151,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,647
Avg. Annual Appreciation
8.16%
Original Mortgage
$62,500
Outstanding Balance
$50,303
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$101,344

Purchase Details

Closed on
Jun 6, 2008
Sold by
Cray George R Est and Cary
Bought by
Cray Michael P
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
Smith William L -- --
Smith William L -- --
Cray Michael P -- --
Cray Michael P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith William L $62,500
Closed Cray Michael P $62,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2016 10/25/16 Sold $75,000 -12.0% --
10/25/2016 10/25/16 For Sale $85,222 -- --
10/18/2016 10/18/16 Pending -- -- --
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 $1,252 $113,860 $64,000 $49,860
2023 $1,252 $113,860 $64,000 $49,860
2022 $1,445 $85,000 $57,000 $28,000
2021 $1,509 $85,000 $57,000 $28,000
2020 $1,389 $85,000 $57,000 $28,000
2019 $1,485 $84,400 $57,000 $27,400
2018 $1,532 $81,700 $54,300 $27,400
2017 $1,471 $81,700 $54,300 $27,400
2016 $1,629 $91,800 $48,100 $43,700
2015 $1,524 $91,800 $48,100 $43,700
2012 -- $103,700 $42,800 $60,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1287135

Maine Listings

APN: PALA-000013-000000-000026