NOT LISTED FOR SALE

56 Branch Mills Palermo, ME 04354

Estimated Value: $463,000 - $814,000

3 Beds
4.5 Baths
3,351 Sq Ft
$201/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2021

Last sale price $550,000 $164 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,119 / mo

8 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Cooling Available
  • Farmhouse Style Home
  • No HOA
  • Landscaped

About This Home

As of May 2021

Bucolic dreams come true in this extravagant 1800s farmhouse that has been tastefully restored and upgraded with modern amenities, construction, and technology. Plenty of room to entertain guests and show off the antiquity of this expansive 3300± square-foot home. Explore your own 29± acres with pond or venture out as Branch Pond is just a short distance away. Work from home takes on a new meaning as this property also features a separate office space with 1800± square feet on the main floor and 1800± square feet of heated space below. Have employees? Plenty of paved parking space behind the office which features two private corner offices, oversized kitchen with granite countertops and full bath with shower. Run your business from home or convert this space to guest quarters. Looking for somewhere to store your collection of cars, antiques or what-have-you's? Space abounds between the dry basement in the main house and the separate office. Enter the main house through the inspiring kitchen with granite countertops, sub-zero appliances, and walk-in pantry. Treat guests to a home-cooked meal in the formal dining area and entertain in lounge room with full wet bar, private deck, and convenient guest bathroom. Main house features three bedrooms, one of which is on the first floor. Large bathroom upstairs features two separate areas and vanities with a walk through 360-degree tiled shower. Side-by-side washer and dryer and oversized walk-in closets on the second floor make laundry a breeze. Additional attic storage awaits your overflowing closet or storage for seasonal decorations. Don't sweat the small stuff as this property already has an automatic generator, metal seamless roof, and new everything. Summer will bring beautifully landscaped grounds. Just 15 miles to Waterville, 18 miles to Augusta, 27 miles to Belfast, 52 miles to Bangor, and 77 miles to Portland.

Last Agent to Sell the Property

Alexander Tuttle

Keller Williams Realty Listed on: 02/18/2021

Keller Williams Realty

Co-Listed By

Rick Bisson

Keller Williams Realty

Last Buyer's Agent

Garret Getch

Better Homes & Gardens Real Estate/The Masiello Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,326

Year Built

  • Built in 1867

Lot Details

  • 29 Acre Lot
  • Rural Setting
  • Landscaped
  • Open Lot
  • Lot Has A Rolling Slope

Parking

  • 3 Car Garage
  • Heated Garage
  • Driveway

Home Design

  • Farmhouse Style Home
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,351 Sq Ft Home
  • 1 Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heat Pump System
  • Pellet Stove burns compressed wood to generate heat
  • Baseboard Heating
  • Generator Hookup
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 56BranchMillsRoadPalermo04354

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,326

Year Built

Built in 1867

Lot Details

29 Acres

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 29.0
  • Road Surface Type: Paved
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3351.0
  • Architectural Style: Farmhouse
  • Garage Yn: Yes
  • Year Built: 1867
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 164.13
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 29.0
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3351.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Cooling:Heat Pump3: Yes
  • Roof:Metal: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Site:RollingSloping: Yes
  • Electric:Generator Hookup: Yes
  • Vehicle Storage:Heated: Yes
  • Washer/Dryer Other Location: Yes
  • Heat Fuel:Pellets: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Advertising Remarks:Advertising Remarks: Bucolic dreams come true in this extravagant 1800s farmhouse that has been tastefully restored and upgraded with modern amenities, construction, and technology. Plenty of room to entertain guests and show off the antiquity of this expansive 3300± square-foot home. Explore your own 29± acres with pond or venture out as Branch Pond is just a short distance away. Work from home takes on a new meaning as this property also features a separate office space with 1800± square feet on the main floor and 1800± square feet of heated space below. Have employees? Plenty of paved parking space behind the office which features two private corner offices, oversized kitchen with granite countertops and full bath with shower. Run your business from home or convert this space to guest quarters. Looking for somewhere to store your collection of cars, antiques or what-have-you's? Space abounds between the dry basement in the main house and the separate office. Enter the main house through the inspiring kitchen with granite countertops, sub-zero appliances, and walk-in pantry. Treat guests to a home-cooked meal in the formal dining area and entertain in lounge room with full wet bar, private deck, and convenient guest bathroom. Main house features three bedrooms, one of which is on the first floor. Large bathroom upstairs features two separate areas and vanities with a walk through 360-degree tiled shower. Side-by-side washer and dryer and oversized walk-in closets on the second floor make laundry a breeze. Additional attic storage awaits your overflowing closet or storage for seasonal decorations. Don't sweat the small stuff as this property already has an automatic generator, metal seamless roof, and new everything. Summer will bring beautifully landscaped grounds. Just 15 miles to Waterville, 18 miles to Augusta, 27 miles to Belfast, 52 miles to Bangor, and 77 miles to Portland.
  • Special Features: None

Interior Features

  • Has Basement: Walk-Out Access, Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Landscaped, Neighborhood, Other, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Paved, Heated Garage

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Generator Hookup, Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1263240.0
  • Parcel #: 56BranchMillsRoadPalermo04354
  • Zoning: NONE

Tax Info

  • Tax Annual Amount: 5326.0
  • Tax Lot: 29
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2021
Closed on
May 24, 2021
Sold by
Pilsbury Thomas C and York Stanley A
Bought by
Neenan Joseph W and Neenan Kathy A
Seller's Agent
Alexander Tuttle
Keller Williams Realty
Buyer's Agent
Garret Getch
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$672,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,806
Avg. Annual Appreciation
4.19%
Original Mortgage
$300,000
Outstanding Balance
$271,875
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$400,931
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Neenan Joseph W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neenan Joseph W $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2021 05/24/21 Sold $550,000 0.0% $164 / Sq Ft
02/27/2021 02/27/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $550,000 -- $164 / 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 $6,627 $576,300 $64,500 $511,800
2023 $6,339 $576,300 $64,500 $511,800
2022 $5,994 $576,300 $64,500 $511,800
2021 $5,829 $422,400 $71,600 $350,800
2020 $5,702 $422,400 $71,600 $350,800
2019 $5,485 $412,400 $61,600 $350,800
2018 $3,984 $412,400 $61,600 $350,800
2017 $5,526 $412,400 $61,600 $350,800
2016 $3,634 $412,400 $61,600 $350,800
2015 $5,485 $412,400 $61,600 $350,800
2013 $4,476 $389,200 $61,600 $327,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1482376

Maine Listings

APN: PALE-000001-000000-000029-D000000

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