$515,000
SOLD DEC 5, 2024

55 Farragut Way Unit 24 Kennebunk, ME 04043

Kennebunk Neighborhood
2 Beds
2 Baths
1,625 Sq Ft
$519/mo HOA Fee

Recently Sold

$317 Per Sq Ft

3% Below List Price

24 Days on Market

Highlights

  • In Ground Pool
  • View of Trees or Woods
  • Cape Cod Architecture
  • Senior Community
  • 1 Acre Lot
  • Clubhouse

About This Home

As of December 2024

Attractive condo at The Farragut, a 55+ community with many amenities. This well maintained spacious one level unit boasts a primary bedroom with full bath plus guest bedroom, separate full bath, eat in kitchen,
open great room & dining with gas fireplace, beautiful hard wood floors. This Cottage is complimented with a 367 sq ft loft, of which only 4 exists in the entire complex; ideal for an office, hobby room, or extra sleeping. The 3 season sunroom offers privacy & overlooks a pretty scene of mature trees & nature. The attached garage with storage space is certainly a convenience. All of this comes with The Farragut Inn featuring an exercise room, pool, library/computer room, fully equipped kitchen, attractive common areas & more. Located within a walk or short drive
to banks, drug stores, hardware, Post Office, groceries & other shops. If thinking of scaling down your living needs, take a look at this condominium & its unique complex. You'll be glad you did!

Last Agent to Sell the Property

Betty Smith

Berkshire Hathaway HomeServices Verani Realty

Berkshire Hathaway HomeServices Verani Realty

Last Buyer's Agent

Meaghan DeFreze

Keller Williams Coastal and Lakes & Mountains Realty

Keller Williams Coastal and Lakes & Mountains Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,861

Year Built

  • Built in 1999

Lot Details

  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System

HOA Fees

  • $519 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Common or Shared Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Shared Driveway
  • Off-Street Parking
  • Reserved Parking

Home Design

  • Cape Cod Architecture
  • Cottage
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Radon Mitigation System
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,625 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Great Room
  • Dining Room
  • Bonus Room
  • Views of Woods

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • Enclosed Glass Porch

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Tankless Water Heater
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Property is near a golf course

Listing and Financial Details

  • Tax Lot 017
  • Assessor Parcel Number KENB-000038-000000-000017-000024

Community Details

Overview

  • Senior Community
  • 6 Units
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse
  • Community Storage Space

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,861

Year Built

Built in 1999

Lot Details

0

HOA Fees

$519 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Main St Kennebunk head north on Rt 1; immediately after Hannaford entrance take Farragut Way on the right. Follow road to right & 55 is in the rear; the number is on the building.
  • Above Grade Finished Sq Ft: 1625.0
  • Architectural Style: Cottage, Cape
  • Garage Yn: Yes
  • Year Built: 1999
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Lot Size Acres -: 1.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1625.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • 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:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Amenities:Pool-In Ground: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 519.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 1.0
  • Roads:Private: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 6
  • Driveway:Common2: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Water Heater:Tankless: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Floors:Laminate: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Bonus Room:Bonus Room: Yes
  • Bedroom 1 Amenities:Full Bath: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Slab2: Yes
  • Style:Cottage: Yes
  • Dining Room Amenities:Dining Area: Yes
  • Room Features:Dining Area2: Yes
  • View:TreesWoods: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Great Room:Great Room: Yes
  • Great Room Amenities:Cathedral Ceiling18: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Dining Room Amenities:Cathedral Ceiling15: Yes
  • Site:Cul-De-Sac: Yes
  • Equipment:Air Radon Mitigation System: Yes
  • Misc Amenities Sprinkler: Yes
  • Condominium:Rental Terms: Once a year
  • Room Features:Gas Fireplace29: Yes
  • Great Room Amenities:Gas Fireplace8: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Property Information # Fireplaces: 1
  • Parking Reserved Parking: Yes
  • Parking Reserved Parking Spaces: 2
  • Restrictions Senior Community: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Accessibility Features: Level Entry
  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living, Pantry, Shower, Storage, Primary Bedroom w/Bath
  • Bedroom 2 Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Lot Features: Cul-De-Sac, Level, Sidewalks, Landscaped, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town
  • Pool Features: In Ground
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Glass Enclosed
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Common, Garage Door Opener, Inside Entrance, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Security: Sprinkler
  • 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

  • Community Features: Clubhouse
  • Senior Community: Yes
  • Association Fee: 519.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Amenities:Club House: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: KENB-000038-000000-000017-000024
  • Zoning: VR

Multi Family

  • Number Of Units In Community: 6

Tax Info

  • Tax Annual Amount: 4861.26
  • Tax Book Number: 17250
  • Tax Lot: 017
  • Tax Map Number: 038
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $515,000 -2.6% $317 / Sq Ft
11/09/2024 11/09/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $529,000 +131.0% $326 / Sq Ft
06/08/2016 06/08/16 Sold $229,000 -8.0% $141 / Sq Ft
04/23/2016 04/23/16 Pending -- -- --
04/15/2016 04/15/16 For Sale $249,000 -- $153 / 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 $4,861 $286,800 $60,000 $226,800
2023 $4,603 $286,800 $60,000 $226,800
2022 $4,187 $286,800 $60,000 $226,800
2021 $4,087 $286,800 $60,000 $226,800
2020 $4,058 $286,800 $60,000 $226,800
2019 $3,944 $286,800 $60,000 $226,800
2018 $3,764 $215,100 $45,000 $170,100
2017 $3,560 $215,100 $45,000 $170,100
2016 $3,420 $215,100 $45,000 $170,100
2015 $3,291 $215,100 $45,000 $170,100
2014 $3,205 $215,100 $45,000 $170,100
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Purchase Money Mortgage
Closed $150,000 Purchase Money Mortgage
Previous Owner $171,750 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

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Source: Maine Listings

MLS Number: 1606937

Maine Listings

APN: 58 32