NOT LISTED FOR SALE

487 Penobscot Ave Millinocket, ME 04462

Estimated Value: $116,000 - $178,000

3 Beds
2 Baths
1,509 Sq Ft
$104/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $142,000 $94 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,014/month

31 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Deck
  • Mud Room
  • Colonial Architecture
  • Wood Flooring
  • No HOA

About This Home

As of September 2023

Spacious colonial home with 3 bedrooms, 2 bathrooms, and a large back yard on a quarter acre lot. Property is being sold with both lots 18 & 18A (see documents) making this a waterfront property on Millinocket Stream. 0.5 miles from downtown, 0.2 miles from Stearns Jr./Sr. High School, 22 miles from Baxter State Park. Several ATV/snowmobile trails close-by. This home also has an unfinished third floor that opens up lots of potential for additional bedrooms and a bathroom.

Last Agent to Sell the Property

Kayli Morrow

NextHome Experience Listed on: 07/27/2023

Last Buyer's Agent

Kayli Morrow

NextHome Experience

NextHome Experience

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,643

Year Built

  • Built in 1940

Lot Details

  • 0.25 Acre Lot
  • Home fronts a stream
  • 50 Feet of Waterfront
  • Open Lot
  • Lot Has A Rolling Slope

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,509 Sq Ft Home
  • Mud Room
  • Living Room
  • Dining Room
  • Water Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

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

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 050
  • Assessor Parcel Number MLNK-000003-000000-000050U

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,643

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • Water Body Name: Millinocket Stream
  • MLS Status: Closed
  • Directions: Take exit 244, head toward Millinocket on State Route 157. Once at downtown lights take right onto Penobscot Avenue half a mile, house is on the right at the intersection of Penobscot and Aroostook Avenue.
  • Above Grade Finished Sq Ft: 1509.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Contract Information:List PriceSqFt: 99.34
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1509.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Mud Room:Mud Room: Yes
  • Parking:On Site2: Yes
  • Style:Colonial: Yes
  • Parking:Paved3: Yes
  • Water Info:Waterfront Amount -: 49.6
  • Water Info:Water Frontage Owned -: 49.6
  • Site:RollingSloping: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Spacious colonial home with 3 bedrooms, 2 bathrooms, and a large back yard on a quarter acre lot. Property is being sold with both lots 18 & 18A (see documents) making this a waterfront property on Millinocket Stream. 0.5 miles from downtown, 0.2 miles from Stearns Jr./Sr. High School, 22 miles from Baxter State Park. Several ATV/snowmobile trails close-by. This home also has an unfinished third floor that opens up lots of potential for additional bedrooms and a bathroom.
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: Full, Interior Entry, Walk-Out Access, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Sidewalks, Neighborhood
  • Waterfront Features: Stream
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: MLNK-000003-000000-000050U
  • Zoning: RES

Tax Info

  • Tax Annual Amount: 1643.0
  • Tax Lot: 050
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Sep 29, 2023
Sold by
Farber Katie N and Farber Kelly G
Bought by
Bubar Dawn M and Adams Randy E
Seller's Agent
Kayli Morrow
NextHome Experience
Buyer's Agent
Kayli Morrow
NextHome Experience
List Price
$174,900
Sold Price
$142,000
Premium/Discount to List
-$32,900
-18.81%
Current Estimated Value
$156,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,797
Avg. Annual Appreciation
4.63%
Original Mortgage
$143,434
Outstanding Balance
$140,332
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$16,465

Purchase Details

Closed on
Jan 6, 2023
Sold by
Meeker Karen L
Bought by
Farber Katie N and Farber Kelly G

Purchase Details

Closed on
Oct 26, 2012
Sold by
Fort 1 Reo Llc
Bought by
Farber Greg and Farber Karen L

Purchase Details

Closed on
Aug 24, 2012
Sold by
Fcdb-G Mpl 2008-1 T and Fcdb-G Power
Bought by
Fort 2011-1 Reo Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bubar Dawn M $142,000 None Available
Farber Katie N -- None Available
Farber Katie N -- None Available
Farber Greg -- --
Fort 1 Reo Llc -- --
Fort 2011-1 Reo Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bubar Dawn M $143,434
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $142,000 -18.8% $94 / Sq Ft
08/27/2023 08/27/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $174,900 -- $116 / 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
2025 $2,263 $98,400 $12,200 $86,200
2024 $2,222 $80,500 $6,200 $74,300
2023 $1,763 $62,500 $3,100 $59,400
2022 $1,643 $55,700 $3,100 $52,600
2021 $1,654 $50,900 $3,100 $47,800
2020 $1,639 $48,200 $3,100 $45,100
2019 $1,591 $48,200 $3,100 $45,100
2018 $1,567 $48,200 $3,100 $45,100
2017 $1,557 $48,200 $3,100 $45,100
2016 $1,509 $48,200 $3,100 $45,100
2015 $1,430 $48,200 $3,100 $45,100
2014 $1,427 $48,200 $3,100 $45,100
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kayli Morrow

    NextHome Experience

  • K

    Buyer's Agent in 2023

    Kayli Peterson

    RE/MAX

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Map

Source: Maine Listings

MLS Number: 1558250

Maine Listings

APN: MLNK-000003-000000-000050U

Maine Penobscot County Millinocket 04462

487 Penobscot Ave, Millinocket, ME

Not Listed for Sale

Detached

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