NOT LISTED FOR SALE

888 Route 3 Palermo, ME 04354

Estimated Value: $257,000 - $481,000

4 Beds
2 Baths
1,640 Sq Ft
$199/Sq Ft Est. Value

Sale Details

Date Sold: July 8, 2024

Last sale price $225,000 $137 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,990 / mo

161 Days on Market

Highlights

  • Nearby Water Access
  • Cape Cod Architecture
  • Wooded Lot
  • Scenic Views
  • Deck
  • Wood Flooring

About This Home

As of July 2024

Conveniently located to Augusta or the coast of Maine. Spacious four bedroom, 2 bath antique cape on 2 acres with a newly built 3-car garage with second floor. There is lots of potential here- The living room opens to a deck with a large fenced-in back yard and outbuildings. The updated kitchen has new cabinets and appliances, a nice dining room with pellet stove for cozy heat. Two bedrooms on the first floor with a primary bedroom suite, second bath and laundry. Solar panels take care of much of the electrical usage. Vinyl siding and windows, hybrid hot water heater & extra insulation for updates. The garage needs siding, probably will not qualify for government loan programs. Come take a look! Not a good property for government financing.

Last Agent to Sell the Property

Ann Castonguay

Sprague & Curtis Real Estate Brokerage Email: ann@spragueandcurtis.com Listed on: 05/19/2024

Last Buyer's Agent

Alonzo Michaud

Real Broker

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,952

Year Built

  • Built in 1850

Lot Details

  • 2 Acre Lot
  • Rural Setting
  • Fenced
  • Corner Lot
  • Level Lot
  • Open Lot
  • Wooded Lot
  • Property is zoned Rural

Parking

  • 3 Car Detached Garage
  • Parking Storage or Cabinetry
  • Gravel Driveway

Home Design

  • Cape Cod Architecture
  • Contemporary Architecture
  • Post and Beam
  • Farmhouse Style Home
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,640 Sq Ft Home
  • Ceiling Fan
  • Mud Room
  • Living Room
  • Dining Room
  • Scenic Vista Views
  • Laundry on main level

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Butcher Block Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Outdoor Features

  • Nearby Water Access
  • Deck
  • Outbuilding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Pellet Stove burns compressed wood to generate heat
  • Heating System Mounted To A Wall or Window
  • Generator Hookup
  • Private Water Source
  • Well
  • High-Efficiency Water Heater
  • Septic Tank
  • Septic System
  • Private Sewer
  • Internet Available

Additional Features

  • Solar owned by seller
  • Property is near shops

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number PALE-000002-000000-000039-R000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,952

Year Built

Built in 1850

Lot Details

2 Acres

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: In China- continue on Route 3 east. Property is on the corner of Parmenter Road & Rt. 3 in Palermo
  • Above Grade Finished Sq Ft: 1640.0
  • Architectural Style: Cape Cod, Contemporary, Farmhouse
  • Garage Yn: Yes
  • Efficiency: Water Heater
  • Structure Type: Post & Beam
  • Year Built: 1850
  • Attribution Contact: ann@spragueandcurtis.com
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 152.44
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1640.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Amenities:Fence: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Mud Room:Mud Room: Yes
  • Foundation Materials:Stone: Yes
  • Parking:On Site2: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Vehicle Storage:Storage Above: Yes
  • Room Features:Heat Stove29: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Electric:Generator Hookup: Yes
  • Heat Fuel:Pellets: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Dining Room Amenities:Heat Stove11: Yes
  • Kitchen Countertop:Butcher Block: Yes
  • Electric:Photovoltaics Seller Owned: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Conveniently located to Augusta or the coast of Maine. Spacious four bedroom, 2 bath antique cape on 2 acres with a newly built 3-car garage with second floor. There is lots of potential here- The living room opens to a deck with a large fenced-in back yard and outbuildings. The updated kitchen has new cabinets and appliances, a nice dining room with pellet stove for cozy heat. Two bedrooms on the first floor with a primary bedroom suite, second bath and laundry. Solar panels take care of much of the electrical usage. Vinyl siding and windows, hybrid hot water heater & extra insulation for updates. The garage needs siding, probably will not qualify for government loan programs. Come take a look! Not a good candidate for government financing
  • Structure Type:Post Beam: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range, Dishwasher
  • Other Equipment: Internet Access Available
  • Has Basement: Full, Partial, Bulkhead
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Wood, Tile, Laminate, Carpet
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath, Pantry
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Fencing: Fenced
  • Lot Features: Open, Corner Lot, Level, Wooded, Near Shopping, Rural
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Other, Wood Frame
  • Foundation Details: Stone
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Storage Above, Gravel, On Site, Detached

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove, Forced Air, Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Photovoltaics Seller Owned, Generator Hookup, Circuit Breakers
  • Sewer: Septic Tank, Private Sewer
  • Water Source: Well, Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 87120.0
  • Parcel #: PALE-000002-000000-000039-R000000
  • Zoning: Rural

Tax Info

  • Tax Annual Amount: 3952.0
  • Tax Lot: 39
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2024
Closed on
Jul 8, 2024
Sold by
Seigars Nastassja and Seigars Joseph
Bought by
Price Lewis and Price Diane
Seller's Agent
Ann Castonguay
Sprague & Curtis Real Estate
Buyer's Agent
Alonzo Michaud
Real Broker
List Price
$250,000
Sold Price
$225,000
Premium/Discount to List
-$25,000
-10%
Views
2
Current Estimated Value
$325,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,617
Avg. Annual Appreciation
22.38%
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Price Lewis $225,000 None Available
Price Lewis $225,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2024 07/08/24 Sold $225,000 -10.0% $137 / Sq Ft
05/19/2024 05/19/24 For Sale $250,000 0.0% $152 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $250,000 0.0% $152 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/15/2024 03/15/24 Price Changed $250,000 -15.3% $152 / Sq Ft
11/06/2023 11/06/23 For Sale $295,000 -- $180 / 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 $3,027 $263,200 $37,000 $226,200
2023 $2,871 $261,000 $37,000 $224,000
2022 $1,894 $182,100 $37,000 $145,100
2021 $1,624 $117,700 $37,000 $80,700
2020 $1,589 $117,700 $37,000 $80,700
2019 $1,565 $117,700 $37,000 $80,700
2018 $1,495 $117,700 $37,000 $80,700
2017 $1,577 $117,700 $37,000 $80,700
2016 $1,554 $117,700 $37,000 $80,700
2015 $1,456 $109,500 $37,000 $72,500
2013 $1,387 $120,600 $37,000 $83,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1576772

Maine Listings

APN: PALE-000002-000000-000039-R000000

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