NOT LISTED FOR SALE

408 N Penobscot Rd Penobscot, ME 04476

Estimated Value: $89,000 - $200,979

90 Acres
$1,611 Price per Acre
3,920,400 Sq Ft Lot

Last Sold September 14, 2021

Last sale price $165,000

Est. 12% decrease in value since last sale

Current estimated payment $869/month

28 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 50 Feet of Waterfront
  • No HOA
  • Penobscot Elementary School Rated A-
  • 90 Acre Lot
  • Agricultural

About This Lot

As of September 2021

This 90+- acres parcel has a huge peat bog which is harvestable beside having over 7,000 yards of processed peat available. There is a dam in place on the bog so that the water level can be contained or not.
There are at least 3 good size house lots all with road frontage. This is an incredible area for wild life and birds galore. Bog was previously permitted for cranberries and peat.

Last Agent to Sell the Property

Lorraine Duffy

Compass Point Real Estate, Inc. Listed on: 07/27/2021

Compass Point Real Estate, Inc.

Co-Listed By

Ann Mcgraw

Compass Point Real Estate, Inc.

Last Buyer's Agent

Pat Dunham

Swan Agency Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $783

Lot Details

  • 90 Acre Lot
  • Home fronts a stream
  • 50 Feet of Waterfront
  • Level Lot

Parking

  • Gravel Driveway

Farming

  • Agricultural

Utilities

  • Electricity Not Available
  • Natural Gas Not Available
  • Water Not Available
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 408NorthPenobscotRoadPenobscot04476

Community Details

Overview

  • No Home Owners Association

Recreation

  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$783

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 90.0
  • Road Surface Type: Paved
  • Water Body Name: large bog
  • Co List Office Mls Id: 1699
  • Co List Office Phone: 207-374-5300
  • MLS Status: Closed
  • Directions: From Bucksport go threw town until at gas station turn right onto Route 15. Look for Route 199 on your right about 3 yo 4 miles down. See workings of a boat yard on left, this property owns many acres both side of the boat building.
  • Property Information:Lot Size Acres -: 90.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Seasonal
  • Gas:No Gas: Yes
  • Property Information:Short Sale Continue to Show: No
  • Water Info:Waterfront Amount -: 50.0
  • Water Info:Water Frontage Owned -: 50.0
  • Recreational Water:Deeded: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:Mobile Homes Allowed: Unknown
  • Electric:No Electric: Yes
  • Sewer:None4: Yes
  • Site:Agriculture: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Agriculture, Level, Near Town
  • Waterfront Features: Brook
  • Waterfront: Yes

Garage/Parking

  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Electric: No Electric
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Penobscot Public Schools

Lot Info

  • Lot Size Sq Ft: 3920400.0
  • Parcel #: 408NorthPenobscotRoadPenobscot04476
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 783.0
  • Tax Book Number: 5643
  • Tax Lot: 58
  • Tax Map Number: 11
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2019
Sold by
Cormo Frank E
Bought by
Wells Brian D
Total Days on Market
28
Current Estimated Value
$144,990

Purchase Details

Listed on
Sep 7, 2016
Closed on
Jul 11, 2017
Sold by
Cormo Frank E
Bought by
Corrigan Deborah L and Wells Brian D
Seller's Agent
Lorraine Duffy
Compass Point Real Estate, Inc.
Buyer's Agent
Lorraine Duffy
Compass Point Real Estate, Inc.
List Price
$89,000
Sold Price
$79,000
Premium/Discount to List
-$10,000
-11.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.91%
Original Mortgage
$59,000
Interest Rate
3.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wells Brian D -- --
Corrigan Deborah L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corrigan Deborah L $59,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2021 09/14/21 Sold $165,000 0.0% --
08/25/2021 08/25/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $165,000 +108.9% --
07/06/2017 07/06/17 Sold $79,000 -11.2% $78 / Sq Ft
04/18/2017 04/18/17 Pending -- -- --
09/07/2016 09/07/16 For Sale $89,000 -- $88 / 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 $767 $69,000 $69,000 $0
2023 $721 $69,000 $69,000 $0
2022 $870 $76,300 $76,300 $0
2021 $824 $76,300 $76,300 $0
2020 $794 $76,300 $76,300 $0
2019 $819 $77,600 $77,600 $0
2018 $830 $85,600 $77,600 $8,000
2017 $1,070 $89,900 $81,900 $8,000
2016 $1,025 $89,900 $81,900 $8,000
2014 $965 $99,000 $91,000 $8,000
2013 $901 $99,000 $91,000 $8,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1502508

Maine Listings

APN: PNBS-000011-000000-000058