NOT LISTED FOR SALE

2525 Main St Rangeley, ME 04970

Estimated Value: $427,000 - $588,067

7 Beds
2 Baths
2,181 Sq Ft
$237/Sq Ft Est. Value

Last Sold April 13, 2023

Last sale price $505,000 $232 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,114/month

289 Days on Market

Highlights

  • Lake Front
  • Barn
  • Wood Flooring
  • Beach Access
  • Public Beach
  • 2-minute walk to Haley Pond Park

About This Home

As of April 2023

RANGELEY VILLAGE - Great location with many possibilities here! Wonderful victorian home built in the early 1900's featuring 7 bedrooms, 2 full baths and a very unique 3 season porch. This property sits in Downtown commercial zoning which allows commercial or residential use as well as maximum lot coverage. Home, Business, B&B, Rental, all great ideas for this property. Directly across the street is the Rangeley town park with tennis courts, basketball court, boat launch and sandy beach! Come take a look today!

Last Agent to Sell the Property

James Eastlack

Morton & Furbish Agency Listed on: 12/05/2022

Last Buyer's Agent

Carolyn Smith

Morton & Furbish Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,477

Year Built

  • Built in 1900

Lot Details

  • 0.31 Acre Lot
  • Lake Front
  • Public Beach
  • Level Lot
  • Open Lot
  • Property is zoned Downtown Commercial

Parking

  • 1.5 Car Attached Garage
  • Gravel Driveway

Home Design

  • Victorian Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,181 Sq Ft Home
  • Living Room
  • Dining Room
  • Water Views
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Beach Access
  • Nearby Water Access
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • High Speed Internet

Additional Features

  • Property is near a golf course
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 92
  • Assessor Parcel Number RANG-000037-000000-000092

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,477

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.31
  • Water Body Name: RANGELEY LAKE
  • MLS Status: Closed
  • Directions: Directly across Main Street from the Rangeley Chamber of Commerce
  • Above Grade Finished Sq Ft: 2181.0
  • Architectural Style: Victorian
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.31
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2181.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 1.5
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Basement:Partial: Yes
  • Exterior:Clapboard: Yes
  • Location:Near Public Beach: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:DSL: Yes
  • Recreational Water:Beach Rights: Yes
  • Other Structures:Barn: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Dishwasher
  • Has Basement: Full, Partial, Interior Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 7
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First
  • Bedroom 5:Bedroom 5 Level: Second
  • Bedroom 6:Bedroom 6 Level: Second
  • Bedroom 7:Bedroom 7 Level: Second

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Public Beach, Near Town
  • Waterfront Features: Lake
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Barn
  • Patio And Porch Features: Porch
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.5
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13503.6
  • Parcel #: RANG-000037-000000-000092
  • Zoning: Downtown Commercial

Tax Info

  • Tax Annual Amount: 2477.0
  • Tax Book Number: 4319
  • Tax Lot: 92
  • Tax Map Number: 37
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2022
Closed on
Apr 13, 2023
Sold by
2525 Rangeley Llc
Bought by
Razik Re Holdings Llc
Seller's Agent
James Eastlack
Morton & Furbish Agency
Buyer's Agent
Carolyn Smith
Morton & Furbish Agency
List Price
$625,000
Sold Price
$505,000
Premium/Discount to List
-$120,000
-19.2%
Current Estimated Value
$527,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,727
Avg. Annual Appreciation
3.56%
Original Mortgage
$250,000
Outstanding Balance
$244,132
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$304,120

Purchase Details

Closed on
May 7, 2021
Sold by
Lancaster Bruce D and Mills Meryl M
Bought by
2525 Rangeley Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 8, 2015
Closed on
Feb 15, 2017
Sold by
Smith Carolyn A
Bought by
Lancaster Bruce D and Mills Meryl M
Seller's Agent
Carolyn Smith
Morton & Furbish Agency
Buyer's Agent
Carolyn Smith
Morton & Furbish Agency
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.60%
Original Mortgage
$181,649
Interest Rate
4.2%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 13, 2010
Closed on
Mar 20, 2012
Sold by
Hurlbert Mcglashan Llc
Bought by
Smith Carolyn A
Seller's Agent
James Eastlack
Morton & Furbish Agency
Buyer's Agent
Carolyn Smith
Morton & Furbish Agency
List Price
$259,000
Sold Price
$165,000
Premium/Discount to List
-$94,000
-36.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%
Original Mortgage
$148,500
Interest Rate
3.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Razik Re Holdings Llc $505,000 None Available
2525 Rangeley Llc -- None Available
Lancaster Bruce D -- --
Smith Carolyn A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Razik Re Holdings Llc $250,000
Previous Owner 2525 Rangeley Llc $147,600
Previous Owner 2525 Rangeley Llc $280,000
Previous Owner Lancaster Bruce D $181,649
Previous Owner Smith Carolyn A $148,500
Previous Owner Hurlbert Mcglashan Llc $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 Sold $505,000 0.0% $232 / Sq Ft
11/06/2022 11/06/22 Off Market $505,000 -- --
05/12/2022 05/12/22 For Sale $625,000 +237.8% $287 / Sq Ft
02/10/2017 02/10/17 Sold $185,000 -7.0% $81 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
05/08/2015 05/08/15 For Sale $199,000 +20.6% $87 / Sq Ft
03/01/2012 03/01/12 Sold $165,000 -36.3% $72 / Sq Ft
12/21/2011 12/21/11 Pending -- -- --
10/20/2010 10/20/10 For Sale $259,000 -- $114 / 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 $2,859 $233,800 $42,900 $190,900
2023 $2,859 $233,800 $42,900 $190,900
2022 $2,515 $167,000 $30,600 $136,400
2021 $2,477 $167,000 $30,600 $136,400
2020 $2,311 $167,000 $30,600 $136,400
2019 $2,330 $167,000 $30,600 $136,400
2018 $2,255 $167,000 $30,600 $136,400
2017 $2,116 $167,000 $30,600 $136,400
2016 $1,991 $167,000 $30,600 $136,400
2015 $1,912 $167,000 $30,600 $136,400
2014 $1,929 $167,000 $30,600 $136,400
2013 $1,954 $167,000 $30,600 $136,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1528033

Maine Listings

APN: RANG-000037-000000-000092