NOT LISTED FOR SALE

422 Fairbanks Rd Farmington, ME 04938

Estimated Value: $126,000 - $206,586

2 Beds
1 Bath
1,133 Sq Ft
$148/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $133,000 $117 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,031/month

45 Days on Market

Highlights

  • Ski Resort
  • Cape Cod Architecture
  • Main Floor Bedroom
  • Nearby Water Access
  • Wood Flooring
  • No HOA

About This Home

As of May 2022

Affordable home with recent updates, and ready for you to make your own! This home offers a farmers porch, large kitchen, 1st floor bedroom along with office space, 1st floor laundry room, dining room , large living room and 2nd floor bedroom with additional office /den space or potential 3rd bedroom. Also offers large garage with 2nd floor and workshop area. Lots of possibilities with this home! Plumbing updated. Two Electric Meters. Walk or bike to downtown Farmington and/or trails. Located on route to ski slopes, in a lovely Maine college town. Call us to schedule your showing today - this is priced to Sell $135,000

Last Agent to Sell the Property

Bethany Douglass

Jerry Douglass Realty, Inc Listed on: 01/08/2022

Last Buyer's Agent

Bethany Douglass

Jerry Douglass Realty, Inc Listed on: 01/08/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,263

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Rural Setting
  • Level Lot
  • Open Lot
  • Property is zoned Urban -12

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • Cape Cod Architecture
  • New Englander Architecture
  • Block Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,133 Sq Ft Home
  • Living Room
  • Dining Room
  • Home Office
  • Unfinished Basement
  • Interior Basement Entry
  • Electric Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Nearby Water Access
  • Porch

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Electric Water Heater
  • Private Sewer
  • Internet Available

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number FARN-000000-U000024-000001

Community Details

Overview

  • No Home Owners Association

Recreation

  • Ski Resort

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,263

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Farmington, head north on Rt.27, property on left, located across from Holley Road. Look for Sign.
  • Above Grade Finished Sq Ft: 1133.0
  • Architectural Style: Cape, New Englander
  • Garage Yn: Yes
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1133.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Appliances Included:Electric Range: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Heat System:Multi-Zones: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Office:Office: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Location:Rural: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Vehicle Storage:Storage Above: Yes
  • Laundry Room:Laundry Room: Yes
  • Location:Ski Resort: Yes
  • Style:New Englander: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom
  • Bedroom 2 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping, Near Town, Rural, Ski Resort
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Block
  • Patio And Porch Features: Porch
  • Roof: Metal, Pitched
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Detached, Storage

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: FARN-000000-U000024-000001
  • Zoning: Urban -12

Tax Info

  • Tax Annual Amount: 1263.0
  • Tax Book Number: 4242
  • Tax Lot: 001
  • Tax Map Number: U24
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2022
Closed on
Mar 25, 2022
Sold by
Richard Jessica
Bought by
Layton James P
Seller's Agent
Bethany Douglass
Jerry Douglass Realty, Inc
Buyer's Agent
Bethany Douglass
Jerry Douglass Realty, Inc
List Price
$135,000
Sold Price
$133,000
Premium/Discount to List
-$2,000
-1.48%
Current Estimated Value
$167,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,647
Avg. Annual Appreciation
10.17%
Original Mortgage
$103,200
Outstanding Balance
$97,269
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$84,593

Purchase Details

Listed on
Jul 16, 2020
Closed on
Sep 1, 2020
Sold by
Nationstar Mortgage Llc
Bought by
Richard Jessica
Seller's Agent
Merrie Hanson
Rizzo Mattson
Buyer's Agent
Bethany Douglass
Jerry Douglass Realty, Inc
List Price
$28,000
Sold Price
$50,000
Premium/Discount to List
$22,000
78.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.58%

Purchase Details

Closed on
Mar 11, 2020
Sold by
Crame Karen J
Bought by
Nationstar Mortgage Llc
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
Layton James P $129,000 None Available
Richard Jessica $50,000 None Available
Nationstar Mortgage Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Layton James P $103,200
Previous Owner Cram Karen I $77,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $133,000 -1.5% $117 / Sq Ft
02/23/2022 02/23/22 Pending -- -- --
01/08/2022 01/08/22 For Sale $135,000 +170.0% $119 / Sq Ft
09/30/2020 09/30/20 Sold $50,000 +78.6% $44 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $28,000 -- $25 / 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 $1,399 $65,200 $16,300 $48,900
2023 $1,298 $65,200 $16,300 $48,900
2022 $1,174 $65,200 $16,300 $48,900
2021 $1,263 $65,800 $16,300 $49,500
2020 $1,300 $66,000 $16,000 $50,000
2019 $1,319 $66,000 $16,000 $50,000
2018 $1,292 $66,000 $16,000 $50,000
2017 $1,316 $66,000 $16,000 $50,000
2016 $1,272 $66,000 $16,000 $50,000
2015 $1,241 $66,000 $16,000 $50,000
2014 $1,140 $65,800 $16,300 $49,500
2013 $1,036 $65,800 $16,300 $49,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1517644

Maine Listings

APN: FARN-000000-U000024-000001