NOT LISTED FOR SALE

551 Somerset St Rumford, ME 04276

Estimated Value: $149,000 - $192,000

3 Beds
1 Bath
1,330 Sq Ft
$124/Sq Ft Est. Value

Last Sold January 25, 2023

Last sale price $140,000 $105 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,013/month

98 Days on Market

Highlights

  • 0.55 Acre Lot
  • Ranch Style House
  • Corner Lot
  • Wooded Lot
  • Wood Flooring
  • No HOA

About This Home

As of January 2023

ONE LEVEL LIVING. This home is ready for you to move in and enjoy! Located in a quiet neighborhood on a double lot this newly renovated home has new flooring, new windows, new siding, updated appliances, just to name a few of the special touches recently added. Extra spacious floor plan. Ample storage, including a cedar closet. Make this your HOME! Double lot! Town utilities, covered porch...minutes to everything!

Last Agent to Sell the Property

Lorie Olson

Bearfoot Realty Listed on: 09/08/2022

Last Buyer's Agent

Elizabeth Carter

Cassie Mason Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,291

Year Built

  • Built in 1959

Lot Details

  • 0.55 Acre Lot
  • Corner Lot
  • Wooded Lot

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Block Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Metal Roof
  • Vertical Siding

Interior Spaces

  • 1,330 Sq Ft Home
  • Living Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

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

Location

  • Suburban Location
  • City Lot

Utilities

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

Additional Features

  • Level Entry For Accessibility
  • Porch

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number RUMF-000113-000000-000056

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,291

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.55
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Lincoln Street turn on to Somerset, property is on the left, see sign.
  • Above Grade Finished Sq Ft: 1330.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Year Built: 1959
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.55
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1330.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: 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:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Location:Suburban: Yes
  • Style:Ranch: Yes
  • Foundation Materials:Block3: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Property Information:Deed Restrictions: Unknown
  • Kitchen Countertop:Formica: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Exterior:Vertical Siding: Yes
  • Kitchen Amenities:Breakfast Nook: Yes
  • Room Features:Breakfast Nook2: 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
  • Accessibility Features: Level Entry
  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Corner Lot, Wooded, Intown, Near Shopping, Suburban
  • Waterfront: No
  • Construction Type: Vertical Siding, Wood Frame
  • Foundation Details: Block
  • Patio And Porch Features: Porch
  • Roof: Metal, Pitched
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 10

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23958.0
  • Parcel #: RUMF-000113-000000-000056
  • Zoning: RES

Tax Info

  • Tax Annual Amount: 1291.0
  • Tax Book Number: 5659
  • Tax Lot: 56
  • Tax Map Number: 113
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2020
Closed on
Dec 29, 2020
Sold by
Fnd Chandler Hig Velocity
Bought by
Garnett Raymond W
Seller's Agent
Dorothy Cavanaugh
North Country Properties
Buyer's Agent
Dorothy Cavanaugh
North Country Properties
List Price
$27,500
Sold Price
$18,000
Premium/Discount to List
-$9,500
-34.55%
Current Estimated Value
$165,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,498
Avg. Annual Appreciation
61.06%

Purchase Details

Closed on
Jan 16, 2020
Sold by
Flat Iron Holdings Llc
Bought by
Fnd Chandler Hig Velocity

Purchase Details

Closed on
Jul 11, 2013
Sold by
Rv Holdings 10 Llc
Bought by
Flat Iron Holdings Llc

Purchase Details

Closed on
Oct 20, 2011
Sold by
Fnma
Bought by
Rv Holdings Ten Llc

Purchase Details

Closed on
Mar 9, 2011
Sold by
Povelite Randy D
Bought by
Citimortgage Inc
Source: Public Records

Range of Values:

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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
Garnett Raymond W -- None Available
Fnd Chandler Hig Velocity $8,566 None Available
Flat Iron Holdings Llc -- --
Rv Holdings Ten Llc -- --
Citimortgage Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friedman Bailey H $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2023 01/25/23 Sold $140,000 -12.4% $105 / Sq Ft
11/08/2022 11/08/22 Price Changed $159,900 -15.8% $120 / Sq Ft
09/08/2022 09/08/22 For Sale $189,900 +955.0% $143 / Sq Ft
01/04/2021 01/04/21 Sold $18,000 -34.5% $14 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/03/2020 12/03/20 For Sale $27,500 -- $21 / 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 $1,336 $80,400 $21,000 $59,400
2023 $1,275 $57,500 $15,000 $42,500
2022 $1,275 $57,500 $15,000 $42,500
2021 $1,291 $57,500 $15,000 $42,500
2020 $1,300 $57,500 $15,000 $42,500
2019 $1,636 $53,640 $5,500 $48,140
2018 $1,596 $53,640 $5,500 $48,140
2017 $1,548 $53,640 $5,500 $48,140
2016 $1,502 $53,640 $5,500 $48,140
2015 $1,472 $53,640 $5,500 $48,140
2014 $1,446 $53,640 $5,500 $48,140
Source: Public Records

Agents Affiliated with this Home

  • Lorie Olson

    Seller's Agent in 2023

    Lorie Olson

    Bearfoot Realty

    (207) 890-3814

    3 in this area

    304 Total Sales

    Lorie Olson
    Section Image

  • E

    Buyer's Agent in 2023

    Elizabeth Carter

    Cassie Mason Real Estate

  • D

    Seller's Agent in 2021

    Dorothy Cavanaugh

    North Country Properties

    (207) 876-6207

    1 in this area

    125 Total Sales

    Dorothy Cavanaugh
    Section Image
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Map

Source: Maine Listings

MLS Number: 1542409

Maine Listings

APN: RUMF-000113-000000-000056

Maine Oxford County Rumford 04276

551 Somerset St, Rumford, ME

This home is located at 551 Somerset St, Rumford, ME 04276 since 08 September 2022 and is currently estimated at $165,498, approximately $124 per square foot. This property was built in 1959. 551 Somerset St is a home located in Oxford County with nearby schools including Rumford Elementary School, Meroby Elementary School, and Mountain Valley Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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