44 Memory Ln Arundel, ME 04046
Estimated payment $2,608/month
Highlights
- 7.83 Acre Lot
- Deck
- No HOA
- Kennebunk High School Rated 9+
- Main Floor Bedroom
- In-Law or Guest Suite
About This Home
Discover an incredible opportunity with this 2-unit duplex on a sprawling 7.83-acre lot. This property offers more than just comfortable living—it's a smart, high-yield investment. Each unit features 2 bedrooms and 1 bathroom, with separate utilities for seamless management—ideal for rental income, multigenerational living, or investment purposes. The large lot not only provides privacy and ample space but also offers the opportunity to subdivide, creating an additional lot. With spacious living areas and functional layouts in each unit, this duplex provides comfort and convenience for tenants or family members alike. The expansive land invites outdoor activities, future development, or even expansion possibilities. This property combines immediate rental income potential with the added benefit of land value appreciation and development.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,079
Year Built
- Built in 1996
Lot Details
- 7.83 Acre Lot
- Dirt Road
- Rural Setting
- Level Lot
Parking
- Gravel Driveway
Home Design
- Duplex
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,760 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
Flooring
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- In-Law or Guest Suite
- 2 Full Bathrooms
- Bathtub
Outdoor Features
- Deck
Utilities
- No Cooling
- Heating System Uses Kerosene
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Private Water Source
- Private Sewer
- Cable TV Available
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 44MemoryLaneArundelME04046-7960
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $4,279
- Gross Income $48,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,079 | $181,100 | $56,700 | $124,400 |
| 2023 | $3,079 | $181,100 | $56,700 | $124,400 |
| 2022 | $3,061 | $181,100 | $56,700 | $124,400 |
| 2021 | $3,061 | $181,100 | $56,700 | $124,400 |
| 2020 | $3,030 | $181,100 | $56,700 | $124,400 |
| 2019 | $2,952 | $181,100 | $56,700 | $124,400 |
| 2018 | $3,349 | $181,100 | $56,700 | $124,400 |
| 2017 | $32 | $181,100 | $56,700 | $124,400 |
| 2016 | $19,973 | $181,100 | $56,700 | $124,400 |
| 2015 | $2,707 | $181,100 | $56,700 | $124,400 |
| 2014 | $2,626 | $181,100 | $56,700 | $124,400 |
| 2013 | $2,626 | $181,100 | $56,700 | $124,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2025 10/23/25 | Price Changed | $450,000 | -10.0% | $256 / Sq Ft |
| 10/06/2025 10/06/25 | Price Changed | $500,000 | -4.8% | $284 / Sq Ft |
| 09/28/2025 09/28/25 | Price Changed | $525,000 | +5.0% | $298 / Sq Ft |
| 09/27/2025 09/27/25 | For Sale | $500,000 | -- | $284 / Sq Ft |
Source: Maine Listings
MLS Number: 1639097
APN: ARUN-000001-000000-000020
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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