NOT LISTED FOR SALE

55 Island Rd Limerick, ME 04048

Estimated Value: $415,000 - $480,719

3 Beds
2 Baths
1,500 Sq Ft
$301/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $345,500 $230 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,835/month

44 Days on Market

Highlights

  • Beach Access
  • Cape Cod Architecture
  • Wood Flooring
  • View of Trees or Woods
  • Wooded Lot
  • Home Office

About This Home

As of October 2022

Beautiful setting for this cape style home on 1.5 acres in Lake Arrowhead Community. Three bedrooms up, two full baths, office/den on first floor with eat in kitchen. Woodstove in dining area, large breezeway and water access to launch your kayak is literally right around the corner. HUGE 3 car garage has tons of room for your vehicles AND the toys. Appliances convey and pellet stove in the basement too. Fabulous community with pools, tennis courts. Less than an hour from Portland, two hours from Boston.

Last Agent to Sell the Property

Diane Gray

Treeline to Shoreline Realty Listed on: 07/27/2022

Last Buyer's Agent

Diane Gray

Treeline to Shoreline Realty Listed on: 07/27/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,633

Year Built

  • Built in 2004

Lot Details

  • 1.51 Acre Lot
  • Dirt Road
  • Rural Setting
  • Level Lot
  • Wooded Lot

HOA Fees

  • $93 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Gravel Driveway

Home Design

  • Cape Cod Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • Living Room
  • Dining Room
  • Home Office
  • Views of Woods

Kitchen

  • Electric Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Beach Access
  • Nearby Water Access

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Heat Pump System
  • Pellet Stove burns compressed wood to generate heat
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Well
  • Septic System

Community Details

  • Lake Arrowhead Community Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Tax Lot 88
  • Assessor Parcel Number LIME-000046-000000-000088

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,633

Year Built

Built in 2004

Lot Details

0

HOA Fees

$93 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.51
  • Road Surface Type: Gravel
  • MLS Status: Closed
  • Subdivision Name: Lake Arrowhead Community
  • Directions: Rt 5 towards Limerick, take a right on Waycross Way, follow down to Island Road on the left. Cross over the water, house on right.
  • Above Grade Finished Sq Ft: 1500.0
  • Architectural Style: Cape
  • Garage Yn: Yes
  • Year Built: 2004
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.51
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1500.0
  • Property Information:Garage: Yes
  • Site:Level: 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
  • Heat System:Stove: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Location Information:Association Fee: 1110.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Cooling:Heat Pump3: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Office:Office: Yes
  • Recreational Water:Nearby: Yes
  • Heat Fuel:Wood2: Yes
  • Location:Rural: Yes
  • Roads:GravelDirt: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Property Information:Deed Restrictions: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Heat Fuel:Pellets: Yes
  • Recreational Water:Beach Rights: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Dishwasher
  • Has Basement: Full, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Wooded, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Gravel, Inside Entrance

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Stove, Other, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 1110.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: RSU 57/MSAD 57

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 65775.6
  • Parcel #: LIME-000046-000000-000088
  • Zoning: RES

Tax Info

  • Tax Annual Amount: 2633.0
  • Tax Book Number: 18444
  • Tax Lot: 88
  • Tax Map Number: 46
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2022
Closed on
Oct 21, 2022
Sold by
Boyce Wayne S Est
Bought by
Maggs Michele
Seller's Agent
Diane Gray
Treeline to Shoreline Realty
Buyer's Agent
Diane Gray
Treeline to Shoreline Realty
List Price
$399,900
Sold Price
$345,500
Premium/Discount to List
-$54,400
-13.6%
Current Estimated Value
$451,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,180
Avg. Annual Appreciation
8.84%
Original Mortgage
$276,400
Outstanding Balance
$266,361
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$173,880
Source: Public Records

Range of Values:

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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
Maggs Michele -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maggs Michele $276,400
Previous Owner Bushey Timothy $23,110
Previous Owner Bushey Timothy $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2022 10/21/22 Sold $345,500 -13.6% $230 / Sq Ft
09/10/2022 09/10/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $399,900 +26.6% $267 / Sq Ft
11/09/2020 11/09/20 Sold $316,000 +5.7% $213 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $299,000 -- $201 / 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 $3,367 $354,400 $87,142 $267,258
2023 $3,014 $198,264 $35,050 $163,214
2022 $2,815 $198,264 $35,050 $163,214
2021 $2,633 $158,611 $28,040 $130,571
2020 $2,601 $158,611 $28,040 $130,571
2019 $2,498 $158,611 $28,040 $130,571
2018 $2,562 $158,611 $28,040 $130,571
2017 $2,498 $158,611 $28,040 $130,571
2016 $2,387 $158,611 $28,040 $130,571
2015 $2,288 $156,740 $28,040 $128,700
2014 $2,176 $153,800 $28,040 $125,760
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Diane Gray

    Treeline to Shoreline Realty

    (207) 632-1943

    45 in this area

    170 Total Sales

    Diane Gray
    Section Image
  • Elias Thomas

    Seller's Agent in 2020

    Elias Thomas

    Exit Key Real Estate

    (207) 432-2222

    5 in this area

    139 Total Sales

    Elias Thomas
    Section Image

  • M

    Buyer's Agent in 2020

    Mike Ireland

    United Country Lifestyle Properties of Maine

  • B

    Buyer's Agent in 2020

    Brendon Ireland

    Realty of Maine

  • B

    Buyer's Agent in 2020

    B Michael Ireland

    RE/MAX

See All Agents

Map

Source: Maine Listings

MLS Number: 1537897

Maine Listings

APN: LIME-000046-000000-000088

Maine York County Limerick 04048

55 Island Rd, Limerick, ME

This home is located at 55 Island Rd, Limerick, ME 04048 since 27 July 2022 and is currently estimated at $451,680, approximately $301 per square foot. This property was built in 2004. 55 Island Rd is a home located in York County with nearby schools including Massabesic High School.

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