$630,000
SOLD JAN 13, 2025

423 Leisure Ln Limerick, ME 04048

3 Beds
1 Bath
1,536 Sq Ft
0.46 Acres

Recently Sold

$410 Per Sq Ft

4% Below List Price

11 Days on Market

Highlights

  • 107 Feet of Waterfront
  • Chalet
  • Wood Flooring
  • Docks
  • Wooded Lot
  • Main Floor Bedroom

About This Home

As of January 2025

Nestled in the serene beauty of Limerick, Maine, this updated year-round lakefront home on Lake Arrowhead offers a perfect blend of modern comfort and natural tranquility. Boasting over 107 feet of waterfront, this property provides spectacular views of the lake and surrounding woodland, making it an ideal retreat for all seasons.

Step inside to discover a thoughtfully updated interior, where bright, open spaces create a welcoming atmosphere. The spacious living room features large windows that frame breathtaking lake views, while the cozy wood stove adds a touch of warmth during chilly evenings.

One of the standout features of this property is it's exceptional privacy. Situated on a quiet road with generous landscaping, you can enjoy peaceful seclusion while still being just a short drive from local amenities. Whether you're kayaking, fishing, or simply relaxing by the shore, you'll have a front-row seat to all the beauty Lake Arrowhead has to offer.

Outside, a large deck extends the living space, perfect for summer dining or just soaking in the natural surroundings. The gentle slope to the water's edge ensures easy access for water activities, and the private dock makes it simple to launch your boat or enjoy the quiet calm of the lake.

Whether you're seeking a year-round residence or a great investment property, this stunning lakefront property offers the best of Maine living.

Last Agent to Sell the Property

Monique Violette Jamie Sparta

Portside Real Estate Group Listed on: 11/30/2024

Last Buyer's Agent

Jennifer Tabb

Portside Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,288

Year Built

  • Built in 1987

Lot Details

  • 0.46 Acre Lot
  • 107 Feet of Waterfront
  • Lake Front
  • Rural Setting
  • Wooded Lot

HOA Fees

  • $101 Monthly HOA Fees

Parking

  • Gravel Driveway

Property Views

  • Water
  • Woods

Home Design

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

Interior Spaces

  • Living Room
  • Finished Basement
  • Interior Basement Entry

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Private Sewer

Community Details

  • Lake Arrowhead Community Subdivision

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,288

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
  • 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: Unknown
  • 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
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Heat System:Baseboard: 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
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Location Information:Association Fee: 1210.0
  • Location Information:Fee Frequency Paid: Annually
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Roof:Metal: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Location:Rural: 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
  • View:TreesWoods: Yes
  • Recreational Water:Dock: Yes
  • Washer/Dryer Other Location: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer
  • Has Basement: Finished, Interior Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 384.0
  • Fireplace: No
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Wooded, Other, Rural
  • View: Trees/Woods
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Roof: Metal

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1210.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

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

Tax Info

  • Tax Annual Amount: 5288.0
  • Tax Book Number: 19515
  • Tax Lot: 47
  • Tax Map Number: 43
  • Tax Year: 2024

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: 1610405

Maine Listings

APN: LIME-000043-000000-000047