$615,000
SOLD SEP 19, 2024

423 Leisure Ln Limerick, ME 04048

3 Beds
1 Bath
1,536 Sq Ft
0.46 Acres

Recently Sold

$400 Per Sq Ft

17% Above List Price

8 Days on Market

Highlights

  • 107 Feet of Waterfront
  • Tennis Courts
  • Clubhouse
  • Docks
  • Chalet
  • Deck

About This Home

As of January 2025

Lakefront Chalet with Dock and Stunning Water Views on Lake Arrowhead

Escape to your very own lakeside retreat with this charming 3-bedroom, 1-bathroom chalet boasting 107 feet of pristine frontage on the shores of Lake Arrowhead. Nestled within the sought-after Lake Arrowhead Community (LAC), you'll enjoy exclusive access to two clubhouses, each featuring indoor pools, fitness centers, and game rooms. The community also offers an outdoor pool, tennis courts, and beautiful private beaches—perfect for year-round enjoyment and fun for all ages.

The property comes complete with a private swimming and boat dock, perfect for water enthusiasts. The dock accommodates boats up to 18 feet, and a kayak and paddle boards are included in the sale, making it easy to dive right into lake life.

This chalet is also an ideal getaway or investment opportunity, with a proven short-term rental history (details available upon request). Whether you're sipping your morning coffee on the newly installed deck, or gathering with loved ones around the waterfront fire pit, you'll be treated to breathtaking lake views at every turn.

Offered fully furnished (with a few exceptions listed in the addendum), this property is truly turnkey. Embrace lakeside living and make unforgettable memories in this enchanting Lake Arrowhead chalet.

Don't miss this opportunity—schedule a viewing today!
Limited Showings until after Labor Day due to bookings in place.
OPEN HOUSE , Labor Day, Sept 2nd from NOON -2:00PM
ALL OFFERS DUE TUESDAY, Sept 3rd, AT 5PM!

Last Agent to Sell the Property

Anca Potvin

Keller Williams Coastal and Lakes & Mountains Realty Listed on: 08/26/2024

Last Buyer's Agent

Monique Violette Jamie Sparta

Portside Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,015

Year Built

  • Built in 1987

Lot Details

  • 0.46 Acre Lot
  • 107 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Cul-De-Sac
  • Rural Setting
  • Level Lot
  • Wooded Lot

HOA Fees

  • $101 Monthly HOA Fees

Home Design

  • Chalet
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Furnished
  • Living Room
  • Bonus Room
  • Water Views

Kitchen

  • Electric Range
  • Stove
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom
  • Bathtub
  • Shower Only

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Docks
  • Tennis Courts
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Heating System Uses Wood
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number LIME-000043-000000-000047

Community Details

Overview

  • Lake Arrowhead Community Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse
  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,015

Year Built

Built in 1987

Lot Details

0

HOA Fees

$101 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.46
  • Road Surface Type: Gravel
  • Water Body Name: Lake Arrowhead
  • MLS Status: Closed
  • Subdivision Name: Lake Arrowhead Community (LAC)
  • Above Grade Finished Sq Ft: 1152.0
  • Architectural Style: Chalet
  • Garage Yn: No
  • Year Built: 1987
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.46
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1152.0
  • Property Information:SqFt Finished Below Grade: 384.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 1210.0
  • Location Information:Fee Frequency Paid: Annually
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Roof:Metal: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Bonus Room:Bonus Room: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Heat Fuel:Wood2: Yes
  • Location:Rural: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 107.0
  • Water Info:Water Frontage Owned -: 107.0
  • Water Info:Water Frontage Shared -: 999.0
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Property Information:Deed Restrictions: Yes
  • Sewer:Septic Existing on Site: Yes
  • Amenities:Furniture Included: Yes
  • Recreational Water:Dock: Yes
  • Site:Cul-De-Sac: Yes
  • Amenities:Tennis Court: 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: Washer, Refrigerator, Microwave, Electric Range, Dryer
  • Has Basement: Finished, Full, Interior Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 384.0
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Primary Bedroom w/Bath, Bathtub, Shower, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Cul-De-Sac, Level, Wooded, Neighborhood, Rural
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Tennis Court(s)
  • Patio And Porch Features: Deck
  • Roof: Metal
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Association Fee: 1210.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Association Amenities:Club House: Yes

Schools

  • Junior High Dist: RSU 57/MSAD 57

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20037.6
  • Parcel #: LIME-000043-000000-000047
  • Zoning: RES

Tax Info

  • Tax Annual Amount: 3015.0
  • Tax Book Number: 18694
  • Tax Lot: 47
  • Tax Map Number: 43
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2024
Closed on
Jan 13, 2025
Sold by
Newell Diane L and Newell Alexander P
Bought by
Leblanc Joseph and Leblanc Alana C
Seller's Agent
Monique Violette Jamie Sparta
Portside Real Estate Group
Buyer's Agent
Jennifer Tabb
Portside Real Estate Group
List Price
$655,000
Sold Price
$630,000
Premium/Discount to List
-$25,000
-3.82%
Views
13
Current Estimated Value
$633,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,339
Avg. Annual Appreciation
1.04%
Original Mortgage
$378,000
Outstanding Balance
$377,030
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$256,309

Purchase Details

Listed on
Aug 26, 2024
Closed on
Sep 11, 2024
Sold by
Allen Charles E and Allen Susan
Bought by
Newell Diane L and Newell Alexander P
Seller's Agent
Anca Potvin
Keller Williams Coastal and Lakes & Mountains Realty
Buyer's Agent
Monique Violette Jamie Sparta
Portside Real Estate Group
List Price
$525,000
Sold Price
$615,000
Premium/Discount to List
$90,000
17.14%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%

Purchase Details

Closed on
Jun 9, 2021
Sold by
Lincoln Robert J and Lincoln Britt E
Bought by
Allen Charles E and Allen Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,800
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2008
Sold by
Ormond Catherine D
Bought by
Finn Gerald E and Finn Erin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $630,000 None Available
Warranty Deed $630,000 None Available
Warranty Deed $615,000 None Available
Warranty Deed $615,000 None Available
Warranty Deed $615,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $378,000 Purchase Money Mortgage
Closed $378,000 Purchase Money Mortgage
Previous Owner $276,800 Purchase Money Mortgage
Previous Owner $172,000 Unknown
Previous Owner $172,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2025 01/13/25 Sold $630,000 -3.8% $410 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
11/30/2024 11/30/24 For Sale $655,000 +6.5% $426 / Sq Ft
09/19/2024 09/19/24 Sold $615,000 +17.1% $400 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/26/2024 08/26/24 For Sale $525,000 0.0% $342 / Sq Ft
08/23/2024 08/23/24 Price Changed $525,000 +71.6% $342 / Sq Ft
06/19/2020 06/19/20 Sold $306,000 +11.3% $203 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
05/26/2020 05/26/20 For Sale $275,000 -- $183 / 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 $5,288 $556,590 $331,552 $225,038
2023 $3,015 $198,331 $103,341 $94,990
2022 $2,816 $198,331 $103,341 $94,990
2021 $2,634 $158,665 $82,673 $75,992
2020 $2,602 $158,665 $82,673 $75,992
2019 $2,499 $158,665 $82,673 $75,992
2018 $2,562 $158,665 $82,673 $75,992
2017 $2,499 $158,665 $82,673 $75,992
2016 $2,388 $158,665 $82,673 $75,992
2015 $2,317 $158,665 $82,673 $75,992
2014 $2,245 $158,665 $82,673 $75,992
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1601385

Maine Listings

APN: LIME-000043-000000-000047