$84,000
SOLD NOV 11, 2019

83 Arrowhead Ln Limerick, ME 04048

2 Beds
1 Bath
860 Sq Ft
1.1 Acres

Recently Sold

$98 Per Sq Ft

27% Below List Price

91 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • View of Trees or Woods
  • Clubhouse
  • 100 Feet of Waterfront
  • Chalet
  • Deck

About This Home

As of September 2023

Attention investors, flippers, or those looking for a good project. This charming Chalet has great features including a beautiful cathedral wood ceiling, a wall of well-placed windows for natural light, and a large wraparound deck. The home can be occupied but there is work to be done. Great improvement loan candidate. Located in Lake Arrowhead, you can walk to the lake and enjoy swimming or take advantage of the other amenities including clubhouse, exercise room, tennis courts, playground, and pool.

Last Agent to Sell the Property

Joshua Jakan

Bean Group Listed on: 04/16/2019

Last Buyer's Agent

Nancy Wakefield

Town Square Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,554

Year Built

  • Built in 1970

Lot Details

  • 1.1 Acre Lot
  • 100 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Rural Setting
  • Wooded Lot

HOA Fees

  • $89 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Chalet
  • Wood Frame Construction
  • Shingle Roof
  • Vertical Siding

Interior Spaces

  • 860 Sq Ft Home
  • Vinyl Flooring
  • Views of Woods

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Private Water Source
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Tax Lot 277
  • Assessor Parcel Number LIME-000041-000000-000277

Community Details

Overview

  • Lake Arrowhead Community Subdivision

Amenities

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,554

Year Built

Built in 1970

Lot Details

0

HOA Fees

$89 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.1
  • Road Surface Type: Gravel
  • Water Body Name: Lake Arrowhead
  • MLS Status: Closed
  • Subdivision Name: Lake Arrowhead Community
  • Directions: From Limerick Village travel on Rte 5 (towards Waterboro). Turn left on to Enterprise Road, then right on to Leisure Lane, and then left on to Deer Crossing Road, and finally a right on to Arrowhead Lane. The home is the first on your left.
  • Above Grade Finished Sq Ft: 860.0
  • Architectural Style: Chalet
  • Garage Yn: No
  • Year Built: 1970
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.1
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 860.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Location Information:Association Fee: 89.0
  • Location Information:Fee Frequency Paid: Monthly
  • Water Heater:Electric2: Yes
  • Gas:No Gas: Yes
  • Basement:Crawl Space: Yes
  • Location:Rural: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Recreational Water:Deeded: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Sewer:Septic Existing on Site: Yes
  • Basement Entry:Exterior Only: Yes
  • Exterior:Vertical Siding: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Has Basement: Crawl Space, Exterior Only
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom

Exterior Features

  • Lot Features: Wooded, Rural
  • View: Trees/Woods
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Vertical Siding, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Water Source: Other, Private

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Association Fee: 89.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Amenities:Club House: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 47916.0
  • Parcel #: LIME-000041-000000-000277
  • Zoning: res

Tax Info

  • Tax Annual Amount: 1554.0
  • Tax Book Number: 15320
  • Tax Lot: 277
  • Tax Map Number: 41
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Sep 20, 2023
Sold by
Patterson Kelly
Bought by
Leland Erica R
Seller's Agent
Samantha Drake
LUX Realty
Buyer's Agent
Dan Letellier
RE/MAX Realty One
List Price
$284,999
Sold Price
$320,000
Premium/Discount to List
$35,001
12.28%
Current Estimated Value
$376,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,212
Avg. Annual Appreciation
6.20%
Original Mortgage
$288,000
Outstanding Balance
$283,499
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$76,310

Purchase Details

Closed on
Feb 24, 2022
Sold by
Mcinnes William H and Mcinnes Anne A
Bought by
Patterson Kelly

Purchase Details

Closed on
Dec 18, 2007
Sold by
Marion Sharon M
Bought by
Fox David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
6.3%
Mortgage Type
VA
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 $320,000 None Available
Warranty Deed -- None Available
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $288,000 Purchase Money Mortgage
Previous Owner $143,000 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2023 09/20/23 Sold $320,000 +12.3% $372 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $284,999 +239.3% $331 / Sq Ft
11/11/2019 11/11/19 Sold $84,000 -27.0% $98 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
04/16/2019 04/16/19 For Sale $115,000 -- $134 / 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 $2,548 $268,159 $85,420 $182,739
2023 $1,828 $120,245 $33,000 $87,245
2022 $1,707 $120,245 $33,000 $87,245
2021 $1,597 $96,196 $26,400 $69,796
2020 $1,578 $96,196 $26,400 $69,796
2019 $1,515 $96,196 $26,400 $69,796
2018 $1,554 $96,196 $26,400 $69,796
2017 $1,515 $96,196 $26,400 $69,796
2016 $1,448 $96,196 $26,400 $69,796
2015 $1,404 $96,196 $26,400 $69,796
2014 $1,361 $96,196 $26,400 $69,796
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1410433

Maine Listings

APN: LIME-000041-000000-000277