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196 Nelson Lane

196 Nelson Lane, Palermo, ME 04354
Property in Palermo
Sold May 19, 2020
$146,900
$117,500 by Kennebec Savings Bank
Mortgage
Sold Jul 03, 2018
$154,100
$123,250 by Kennebunk Svgs Bank
Mortgage Due Jul 03, 2043
This has been categorized as a residential property type. In total, the area measurement of the land is 252,648 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 196 Nelson Lane sold most recently in May 13, 2020 for a total of $146,900. Before that, the property was also sold for $154,100 in Jan 1, 1970. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,895 in taxes each year. 196 Nelson Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $182,200. If we break it down further, the land itself was valued at $33,400. Improvements to the property, however, were assessed at a total of $148,800. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 252,648
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MARDEN HILL SUB
  • Land Acres: 5.8
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MANGIN CRYSTAL D
  • Current Owner 2: POMELOW SHANE
  • Previous Owner : MANGIN CRYSTAL D
  • Owner Before Previous Owner: TURNER TRACY W
  • Owner Before Previous Owner 2: TURNER JAMES L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Regional School Unit 12
  • School Tax School District: RSU 12
  • Census Tract: 046001

Geography

  • Parcel: PALE M:R7 L:35-2
  • Lot: 35-2
  • Municipality: PALERMO
  • Latitude: 44.4208
  • Longitude: -69.4328

    Address

  • Full Address: 196 Nelson Ln
  • Address - House Number: 196
  • Address - Street Name: Nelson
  • Address - Suffix Type: Ln
  • State: ME
  • City Name: Palermo
  • Carrier Code: R011
  • 4-Digit Zip Code: 7123
  • Zip Code: 04354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,895

    Appraisal Valuation

  • Standard Deviation: 0.2308
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 67
  • Final Value: 303,952
  • High Value: 374,125
  • Low Value: 233,779

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $117,500
  • First Open Lien Mortgage Lender: KENNEBEC SAVINGS BANK
  • First Open Lien Mortgage Recording Date: May 19, 2020
  • First Open Lien Mortgage Loan Amount: $117,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $182,200
  • Assessed Land Value: $33,400
  • Assessed Improvements Value: $148,800

    Sales

  • Current Sale Contract Date: May 13, 2020
  • Current Sale Recording Date: May 19, 2020
  • Current Sale Transaction ID: 11761581357
  • Current Sale Price: $146,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3656
  • Previous Sale Recording Date: Jul 03, 2018
  • Previous Sale Amount: $154,100
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: KENNEBEC SAVINGS BANK
  • First Mortgage Transaction Date: May 19, 2020
  • First Mortgage Loan Amount: $117,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)

    Previous Mortgages

  • Previous Mortgage Lender: KENNEBUNK SVGS BANK
  • Previous Mortgage Transaction Date: Jul 03, 2018
  • Previous Mortgage Loan Amount: $123,250
  • Previous Mortgage Term: 299
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 03, 2043

About Waldo



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Frequently Asked Questions

What neighborhood is 196 Nelson Lane located in?
The 196 Nelson Lane is a located in the neighborhood of Palermo in Waldo, Palermo.
What is the average sales price for listings in 196 Nelson Lane?
The average sales price for units in 196 Nelson Lane is $0 currently.

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