Seller's Agent in 2024
Brian Rizzo
Rizzo Mattson
(207) 215-9793
2 in this area
158 Total Sales
57 Cottage Rd Limerick, ME 04048
Estimated Value: $408,000 - $436,647
3
Beds
2
Baths
1,624
Sq Ft
$260/Sq Ft
Est. Value
Highlights
- Lake Front
- Home fronts a pond
- Main Floor Bedroom
- Public Beach
- Deck
- In-Law or Guest Suite
About This Home
As of August 2024This property epitomizes versatility, making it an ideal owner-occupied residence or a lucrative income-producing asset. Currently configured as two units, it offers various options: live in one unit and rent the other, rent out both, or utilize both for personal use.
The second floor, situated above the garage, features a spacious two-bedroom layout with a generously sized open-concept kitchen and living area. Highlighted by an exposed pine beam, tongue & groove ceiling, and knotty pine trim accents. The kitchen boasts stainless steel appliances and elegant wood cabinets, providing both functionality and style. Step out onto the deck from the second floor to relish serene pond views.
Top-tier finishes adorn both units. The first-floor studio unit impresses with its striking checkerboard ceramic tile flooring. Whether retained as a rental or repurposed as a recreational room or in-law apartment, this space offers flexibility.
Storage needs are met with the ample space available in the partially heated attached lower garage, perfect for storing recreational gear or other belongings.
Conveniently located just 45 minutes from Portland and 30 minutes from Biddeford, this property offers the perfect blend of tranquility and accessibility. Currently, both the studio apartment and the two-bedroom unit are occupied by tenants.
Last Agent to Sell the Property
Rizzo Mattson Brokerage Phone: 207-622-9000 Listed on: 05/25/2024
Last Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,697
Year Built
- Built in 2016
Lot Details
- 0.46 Acre Lot
- Home fronts a pond
- Lake Front
- Property fronts a private road
- Dirt Road
- Public Beach
- Open Lot
- Property is zoned Resource Protection
HOA Fees
- $9 Monthly HOA Fees
Parking
- 2 Car Garage
- Heated Garage
- Common or Shared Parking
- Automatic Garage Door Opener
- Garage Door Opener
- Gravel Driveway
- Shared Driveway
Property Views
- Water
- Scenic Vista
- Woods
- Mountain
Home Design
- Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,624 Sq Ft Home
- Living Room
- Tile Flooring
Kitchen
- Electric Range
- Microwave
- Formica Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- In-Law or Guest Suite
- 2 Full Bathrooms
Outdoor Features
- Deck
Utilities
- No Cooling
- Heating System Uses Propane
- Heating System Mounted To A Wall or Window
- Well Required
- Electric Water Heater
- Septic Design Available
- Private Sewer
Listing and Financial Details
- Tax Lot 056
- Assessor Parcel Number 57CottageRoadLimerick04048
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 25, 2024
Closed on
Aug 16, 2024
Sold by
Corbin Linda M and Sanborn Forest H
Bought by
March Matthew P and Toomey Johna J
Seller's Agent
Brian Rizzo
Rizzo Mattson
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$399,900
Sold Price
$399,900
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,012
Avg. Annual Appreciation
5.50%
Original Mortgage
$392,656
Outstanding Balance
$390,078
Interest Rate
8.75%
Mortgage Type
FHA
Estimated Equity
$31,834
Purchase Details
Closed on
Oct 30, 2012
Sold by
Dobson Fred A Est and Acciavatti Jean M
Bought by
Sanborn Forest H and Corbin Linda M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| March Matthew P | -- | None Available | |
| March Matthew P | -- | None Available | |
| Sanborn Forest H | -- | -- | |
| Sanborn Forest H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | March Matthew P | $392,656 | |
| Closed | March Matthew P | $392,656 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2024 08/16/24 | Sold | $399,900 | 0.0% | $246 / Sq Ft |
| 06/13/2024 06/13/24 | Pending | -- | -- | -- |
| 05/25/2024 05/25/24 | For Sale | $399,900 | -- | $246 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $3,168 | $333,461 | $99,553 | $233,908 |
| 2023 | $2,697 | $177,421 | $20,000 | $157,421 |
| 2022 | $2,519 | $177,421 | $20,000 | $157,421 |
| 2021 | $2,356 | $141,937 | $16,000 | $125,937 |
| 2020 | $2,984 | $141,937 | $16,000 | $125,937 |
| 2019 | $2,920 | $141,937 | $16,000 | $125,937 |
| 2018 | $2,819 | $141,937 | $16,000 | $125,937 |
| 2017 | $2,780 | $77,293 | $16,000 | $61,293 |
| 2016 | $953 | $63,345 | $16,000 | $47,345 |
| 2015 | $895 | $61,291 | $16,000 | $45,291 |
| 2014 | $85 | $6,000 | $6,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Rizzo
-
N
Buyer's Agent in 2024
NON-MREIS AGENT
Non MREIS Agency
Map
Source: Maine Listings
MLS Number: 1591011
APN: LIME-000024-000000-000056
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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