$480,000
SOLD MAR 25, 2025

450 Leeman Arm Rd Palermo, ME 04354

1 Bed
2 Baths
800 Sq Ft
0.78 Acres

Recently Sold

$600 Per Sq Ft

13% Below List Price

136 Days on Market

Highlights

  • 172 Feet of Waterfront
  • Sun or Florida Room
  • Skylights
  • Wood Flooring
  • Camp Architecture
  • Eat-In Kitchen

About This Home

As of March 2025

PALERMO Experience lakeside living with 170 feet of pristine Sheepscot Lake waterfront. This beautifully renovated camp, extensively updated in 2010, offers a perfect blend of comfort and charm.

Enjoy breathtaking water views from every room, including a spacious ensuite upstairs. The level lawn leads right to the water's edge, making it ideal for summer swimming and boating. In winter, embrace the fun of ice fishing right at your doorstep!

Relax in the enclosed sun porch, soaking up the serene surroundings. Don't miss out on this beautiful home—your perfect getaway awaits!

Last Agent to Sell the Property

Jessica Fike

Brookewood Realty Listed on: 10/16/2024

Co-Listed By

Bill Logan

Brookewood Realty

Last Buyer's Agent

Sandra Irish

Keller Williams Realty

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,076

Year Built

  • Built in 1978

Lot Details

  • 0.78 Acre Lot
  • 172 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Rural Setting
  • Seasonal Access to Property
  • Level Lot
  • Open Lot
  • Property is zoned Shoreland

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Camp Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 800 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Living Room
  • Sun or Florida Room
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Stove
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Shower Only

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Patio
  • Shed
  • Enclosed Glass Porch

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Natural Gas Not Available
  • Private Water Source
  • The lake is a source of water for the property
  • Electric Water Heater
  • Septic Design Available
  • Private Sewer

Listing and Financial Details

  • Tax Lot 70
  • Assessor Parcel Number PALE-000004-000000-000070-D000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,076

Year Built

Built in 1978

Lot Details

0

HOA Fees

$42 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.78
  • Road Frontage Type: Private
  • Water Body Name: Sheepscot Lake
  • Co List Office Phone: 207-620-8212
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 800.0
  • Architectural Style: Camp
  • Garage Yn: Yes
  • Year Built: 1978
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 687.38
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.78
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 800.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Electric Range: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Location Information:Association Fee: 500.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 1.0
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Gas:No Gas: Yes
  • Sunroom:Sunroom: Yes
  • Basement:Crawl Space: Yes
  • Bedroom 1 Amenities:Full Bath: Yes
  • Sewer:Private Sewer: Yes
  • Heat Fuel:Wood2: Yes
  • Room Features:Skylight32: Yes
  • Location:Rural: Yes
  • Water Info:Waterfront Amount -: 172.0
  • Water Info:Water Frontage Owned -: 172.0
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Style:Camp: Yes
  • Sewer:Septic Design Available: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Room Features:Heat Stove29: Yes
  • Living Room Amenities:Heat Stove5: Yes
  • Basement Entry:Exterior Only: Yes
  • Sunroom Amenities:Skylight8: Yes
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: PALERMO Experience lakeside living with 170 feet of pristine Sheepscot Lake waterfront. This beautifully renovated camp, extensively updated in 2010, offers a perfect blend of comfort and charm. Enjoy breathtaking water views from every room, including a spacious ensuite upstairs. The level lawn leads right to the water's edge, making it ideal for summer swimming and boating. In winter, embrace the fun of ice fishing right at your doorstep! Relax in the enclosed sun porch, soaking up the serene surroundings. Don't miss out on this beautiful home—your perfect getaway awaits!
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Has Basement: Crawl Space, Exterior Only
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: Shower
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Open Lot, Rural
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Glass Enclosed, Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available
  • Water Source: Private, Lake Drawn

Condo/Co-op/Association

  • Association Fee: 500.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 33976.8
  • Parcel #: PALE-000004-000000-000070-D000000
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 3076.0
  • Tax Lot: 70
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2024
Closed on
Mar 25, 2025
Sold by
Belanger Sandra A and Belanger Jeffrey A
Bought by
Hellyer Kathryn S and Hellyer James C
Seller's Agent
Jessica Fike
Brookewood Realty
Buyer's Agent
Sandra Irish
Keller Williams Realty
List Price
$549,900
Sold Price
$480,000
Premium/Discount to List
-$69,900
-12.71%
Views
42
Current Estimated Value
$478,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,859
Avg. Annual Appreciation
-0.46%
Original Mortgage
$230,000
Outstanding Balance
$228,823
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$249,318

Purchase Details

Closed on
Jul 1, 2008
Sold by
Dick Geraldine W
Bought by
Belanger Jeffrey A and Belanger Sandra A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $230,000 Purchase Money Mortgage
Closed $230,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2025 03/25/25 Sold $480,000 -12.7% $600 / Sq Ft
10/16/2024 10/16/24 For Sale $549,900 -- $687 / Sq Ft
Source: Maine Listings

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 $3,215 $279,600 $133,600 $146,000
2023 $3,076 $279,600 $133,600 $146,000
2022 $2,908 $279,600 $133,600 $146,000
2021 $3,162 $229,100 $133,600 $95,500
2020 $3,093 $229,100 $133,600 $95,500
2019 $3,047 $229,100 $133,600 $95,500
2018 $2,822 $222,200 $133,600 $88,600
2017 $2,977 $222,200 $133,600 $88,600
2016 $2,933 $222,200 $133,600 $88,600
2015 $2,955 $222,200 $133,600 $88,600
2013 $2,576 $224,000 $133,600 $90,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1607016

Maine Listings

APN: PALE-000004-000000-000070-D000000