$398,000
SOLD SEP 21, 2015

7 Reid Ln Cumberland, ME 04021

4 Beds
2.5 Baths
2,275 Sq Ft
0.34 Acres

Recently Sold

$175 Per Sq Ft

9% Below List Price

124 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Living Room
  • Mabel I. Wilson School Rated A-
  • Direct Access Garage
  • Tankless Water Heater

About This Home

As of November 2021

Classic Charming Cape available now at Village Green. This 4 bedroom, 2.5 bath home has a formal dining room that can be used as a den/office, an open, eat-in kitchen with stainless steel appliances, living room with gas fireplace, first floor laundry and potential to finish the daylight basement.

Last Agent to Sell the Property

David Banks

RE/MAX By The Bay Listed on: 07/27/2015

RE/MAX By The Bay

Last Buyer's Agent

Paul Deshaies

Maine Prime Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,300

Year Built

  • Built in 2012

Lot Details

  • 0.34 Acre Lot
  • Open Lot
  • Lot Has A Rolling Slope

HOA Fees

  • $74 Monthly HOA Fees

Home Design

  • Cape Cod Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Concrete Fiber Board Siding
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2,275 Sq Ft Home
  • Living Room
  • Dining Room

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • Direct Access Garage
  • Driveway

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Underground Utilities
  • Tankless Water Heater
  • Water Heated On Demand

Community Details

  • Village Green Hoa Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 7B
  • Assessor Parcel Number 7ReidLane(Lot 2)Cumberland,Maine04021

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,300

Year Built

Built in 2012

Lot Details

0

HOA Fees

$74 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.34
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Village Green HOA
  • Directions: Main Street to Wyman Way to Drowne Road to right on Reid Lane.
  • Above Grade Finished Sq Ft: 2275.0
  • Architectural Style: Cape
  • Garage Yn: Yes
  • Year Built: 2012
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.34
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2275.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:On Demand: Yes
  • Location Information:Association Fee: 74.0
  • Location Information:Fee Frequency Paid: Monthly
  • Basement:Unfinished: Yes
  • Water Heater:Tankless: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Site:RollingSloping: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Appliances Included:Gas Range: Yes
  • Exterior:Fiber Cement: Yes
  • Electric:Underground: Yes
  • Roof:Fiberglass: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher
  • Has Basement: Bulkhead, Walk-Out Access, Daylight, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Fiber Cement, Clapboard, Wood Frame
  • Roof: Fiberglass, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Paved, Inside Entrance

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Underground, Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 74.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14810.4
  • Parcel #: 7ReidLane(Lot 2)Cumberland,Maine04021
  • Zoning: RES

Tax Info

  • Tax Annual Amount: 6300.0
  • Tax Block: 7B
  • Tax Book Number: 29970
  • Tax Lot: 2
  • Tax Map Number: U10
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2021
Closed on
Nov 1, 2021
Sold by
Falk Christopher M and Falk Erin M
Bought by
Grimaldi Nicholas M and Grimaldi Jillian N
Seller's Agent
Andrew Stevens
Keller Williams Realty
Buyer's Agent
David Banks
RE/MAX By The Bay
List Price
$595,000
Sold Price
$630,000
Premium/Discount to List
$35,000
5.88%
Current Estimated Value
$855,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,254
Avg. Annual Appreciation
8.10%
Original Mortgage
$350,000
Outstanding Balance
$323,294
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$512,455

Purchase Details

Listed on
Jul 27, 2015
Closed on
Sep 22, 2015
Sold by
Twt 7 Llc
Bought by
Falk Christopher M and Falk Erin M
Seller's Agent
David Banks
RE/MAX By The Bay
Buyer's Agent
Paul Deshaies
Maine Prime Properties
List Price
$435,000
Sold Price
$398,000
Premium/Discount to List
-$37,000
-8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.79%
Original Mortgage
$318,400
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2012
Sold by
D A Brackett & Co Inc
Bought by
Tolford Timothy W
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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 Purchase Money Mortgage
Closed $350,000 Purchase Money Mortgage
Previous Owner $318,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Sold $630,000 +5.9% $229 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $595,000 +49.5% $216 / Sq Ft
09/21/2015 09/21/15 Sold $398,000 -8.5% $175 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
04/09/2015 04/09/15 For Sale $435,000 -- $191 / 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 $9,458 $406,800 $106,200 $300,600
2023 $8,889 $401,300 $106,200 $295,100
2022 $8,508 $401,300 $106,200 $295,100
2021 $8,247 $401,300 $106,200 $295,100
2020 $6,653 $378,200 $106,200 $272,000
2019 $7,507 $378,200 $106,200 $272,000
2018 $7,354 $373,300 $106,200 $267,100
2017 $6,807 $362,100 $106,200 $255,900
2016 $6,608 $362,100 $106,200 $255,900
2015 $6,554 $362,100 $106,200 $255,900
2014 $6,301 $362,100 $106,200 $255,900
2013 -- $310,300 $106,200 $204,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1209737

Maine Listings

APN: CMBL-000010-U000000-000007-B000000-2