NOT LISTED FOR SALE

879 Lovell Rd Lovell, ME 04051

Estimated Value: $283,505 - $454,000

6 Beds
3.5 Baths
3,100 Sq Ft
$115/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $305,000 $98 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,071/month

141 Days on Market

Highlights

  • 350 Feet of Waterfront
  • Public Beach
  • Colonial Architecture
  • Beach Access
  • Home fronts a pond
  • Deck

About This Home

As of May 2021

Live in one side and rent the other OR purchase this large, two family home as an investment property in low tax Lovell. Each unit has three bedrooms, two bath and access to Mill Pond right off your back deck. The two units each have separate parking and basement areas with washer and dryer. Unit #1 features an open concept kitchen/dining and living room with wood flooring throughout, two spacious bedrooms and full bath on the first floor as well as a two car garage below. Upstairs is the family sized bathroom with soaking tub and shower and an additional bedroom with wooden beams on the ceiling. Unit #2's entry area has a large closet for storage, wood floors, dining area and half bath on the first floor. Two bedrooms and full bath are on the second floor. The third floor is a large room (currently the third bedroom) that could be used as a game room or a second living area for entertaining. Located in the Fryeburg Academy School district, minutes from the Lovell Library, Rec Fields, Kezar Lake and Kezar Lake Country Club. This home has been maintained and loved over the last twenty years and is ready to be turned over to the new owner!

Last Agent to Sell the Property

Carrie Erickson

Pinkham Real Estate Listed on: 12/15/2020

Last Buyer's Agent

Linda Walker

Badger Peabody & Smith Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,294

Year Built

  • Built in 1900

Lot Details

  • 0.96 Acre Lot
  • Home fronts a pond
  • 350 Feet of Waterfront
  • Public Beach
  • Landscaped
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • Subterranean Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Colonial Architecture
  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub

Unfinished Basement

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

Outdoor Features

  • Beach Access
  • Deck
  • Shed
  • Porch

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 002
  • Assessor Parcel Number LOVE-000000-U000001-000002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $3,000
  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,294

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.96
  • Road Surface Type: Paved
  • Water Body Name: Mills
  • MLS Status: Closed
  • Directions: From Fryeburg take Rt 5N to Lovell. Right onto 93S, property 0.2 miles on the left. From Bridgton, take right onto Knight's Hill Rd. At the end, property is diagonally across the road. Sign on property.
  • Above Grade Finished Sq Ft: 3100.0
  • Architectural Style: Colonial, New Englander
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.96
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3100.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 25200.0
  • Income Expenses Operating Expenses: 3000.0
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Water Info:Waterfront Amount -: 350.0
  • Water Info:Water Frontage Owned -: 350.0
  • Water:Private2: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Style:New Englander: Yes
  • Vehicle Storage:Under: Yes
  • Recreational Water:Beach Rights: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplace: No
  • Flooring: Tile, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Near Golf Course, Near Public Beach, Near Town
  • View: Scenic
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved, Garage Door Opener, Inside Entrance, Underground

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 72/MSAD 72

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 41817.6
  • Parcel #: LOVE-000000-U000001-000002
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 25200.0
  • Annual Operating Expense: 3000.0

Tax Info

  • Tax Annual Amount: 1294.0
  • Tax Book Number: 412
  • Tax Lot: 002
  • Tax Map Number: U01
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2022
Sold by
Brown-Mooney Nancy
Bought by
Brown-Mooney Nancy and Mooney Michael T
Current Estimated Value
$355,126
Source: Public Records

Range of Values:

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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
Brown-Mooney Nancy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mooney Nancy B $90,000
Previous Owner Dame Miriam L $90,000
Previous Owner Dame Miriam L $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold $305,000 +9.3% $98 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
12/15/2020 12/15/20 For Sale $279,000 -- $90 / 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 $1,627 $144,000 $20,000 $124,000
2023 $1,541 $144,000 $20,000 $124,000
2022 $1,250 $125,000 $20,000 $105,000
2021 $1,250 $125,000 $20,000 $105,000
2020 $1,306 $125,000 $20,000 $105,000
2019 $1,294 $125,000 $20,000 $105,000
2018 $1,269 $125,000 $20,000 $105,000
2017 $1,231 $125,000 $20,000 $105,000
2016 $1,175 $125,000 $20,000 $105,000
2014 $1,181 $125,000 $20,000 $105,000
2013 $1,169 $125,000 $20,000 $105,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1478256

Maine Listings

APN: LOVE-000000-U000001-000002