NOT LISTED FOR SALE

385 Leeman Arm Rd Palermo, ME 04354

Estimated Value: $322,928 - $431,000

2 Beds
1 Bath
784 Sq Ft
$481/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $210,000 $268 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,213/month

74 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Ranch Style House
  • 100 Feet of Waterfront
  • Home fronts a pond
  • Wood Flooring

About This Home

As of September 2019

Tremendous opportunity to own sunsets for a lifetime at this spectacular Sheepscot Lakefront home. This 2/3 of an acre lot features a move in ready home that is suitable for year-round use with hardwood floors, an open living area, 2 bedrooms, a full bath, separate laundry room and a large shed for ample storage. Located in between Augusta and the coast, this is a great location to unwind and enjoy all of what Maine has to offer!

Last Agent to Sell the Property

Matthew Pouliot

RE/MAX Riverside Listed on: 06/07/2019

Last Buyer's Agent

Kristina Stewart

Rizzo Mattson

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,763

Year Built

  • Built in 1971

Lot Details

  • 0.67 Acre Lot
  • Home fronts a pond
  • 100 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Rural Setting
  • Landscaped
  • Property is zoned Shoreland

Parking

  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Ranch Style House
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 784 Sq Ft Home
  • Built-In Features
  • Wood Burning Fireplace
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Stove
  • Gas Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Shower Only

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Deeded Waterfront Access Rights
  • Docks
  • Shed
  • Outbuilding

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Heating System Mounted To A Wall or Window
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Water Heated On Demand
  • Septic System
  • Septic Design Available
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 81
  • Assessor Parcel Number PALE-000004-000000-000081-D000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,763

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.67
  • Road Surface Type: Gravel
  • Water Body Name: Sheepscot
  • MLS Status: Closed
  • Directions: 385 Leeman Arm in Palermo. Stay left at fork for Leeman Arm East.
  • Above Grade Finished Sq Ft: 784.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Year Built: 1971
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.67
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 784.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Roof:Metal: Yes
  • Water Heater:Tankless: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Basement:Partial: Yes
  • Style:Ranch: Yes
  • Foundation Materials:Stone: Yes
  • Foundation Materials:Block3: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Heat Fuel:Wood2: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Room Features:Wood Burning Fireplace29: Yes
  • Location:Rural: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Owned -: 100.0
  • Recreational Water:Deeded: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Appliances Included:Gas Range: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:Septic Design Available: Yes
  • Room Features:Heat Stove29: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Laundry Room:Laundry Room: Yes
  • Room Features:Built-Ins30: Yes
  • Recreational Water:Dock: Yes
  • Living Room Amenities:Heat Stove5: Yes
  • Cooling:AC Units: Yes
  • Living Room Amenities:Built-Ins14: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Gas Range, Dryer
  • Has Basement: Partial, Interior Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living, Shower
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 1:Bedroom 1 Level: First
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Landscaped, Rural
  • View: Scenic
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Stone
  • Other Structures: Outbuilding, Shed(s)
  • Roof: Metal

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Stove, Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 29185.2
  • Parcel #: PALE-000004-000000-000081-D000000
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 2763.0
  • Tax Book Number: 2978
  • Tax Lot: 81
  • Tax Map Number: D 4
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Sep 23, 2019
Sold by
Degrass Raymond J and Degrass Barbara E
Bought by
Roberts Mark E and Roberts Tammy A
Seller's Agent
Matthew Pouliot
RE/MAX Riverside
Buyer's Agent
Kristina Stewart
Rizzo Mattson
List Price
$229,900
Sold Price
$210,000
Premium/Discount to List
-$19,900
-8.66%
Current Estimated Value
$376,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,964
Avg. Annual Appreciation
11.20%
Original Mortgage
$150,000
Outstanding Balance
$133,097
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$263,899

Purchase Details

Closed on
Aug 24, 2006
Sold by
Freeman Matthew
Bought by
Degrass Raymond J and Degraass Barbara E
Source: Public Records

Range of Values:

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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
Roberts Mark E -- --
Degrass Raymond J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Mark E $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2019 09/27/19 Sold $210,000 -8.7% $268 / Sq Ft
08/21/2019 08/21/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $229,900 -- $293 / 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 $2,661 $231,400 $115,100 $116,300
2023 $2,545 $231,400 $115,100 $116,300
2022 $2,407 $231,400 $115,100 $116,300
2021 $2,846 $206,200 $115,100 $91,100
2020 $2,784 $206,200 $115,100 $91,100
2019 $2,742 $206,200 $115,100 $91,100
2018 $2,619 $206,200 $115,100 $91,100
2017 $2,763 $206,200 $115,100 $91,100
2016 $2,722 $206,200 $115,100 $91,100
2015 $2,742 $206,200 $115,100 $91,100
2013 $2,528 $219,800 $115,100 $104,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Matthew Pouliot

    RE/MAX Riverside

  • K

    Buyer's Agent in 2019

    Kristina Stewart

    Rizzo Mattson

    (207) 557-4644

    50 Total Sales

    Kristina Stewart
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Map

Source: Maine Listings

MLS Number: 1418578

Maine Listings

APN: PALE-000004-000000-000081-D000000

Maine Waldo County Palermo 04354

385 Leeman Arm Rd, Palermo, ME

This home is located at 385 Leeman Arm Rd, Palermo, ME 04354 since 07 June 2019 and is currently estimated at $376,964, approximately $480 per square foot. This property was built in 1971. 385 Leeman Arm Rd is a home located in Waldo County.

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