21 The Lynnway Road

Local assessors in Rangeley, ME have categorized 21 The Lynnway Road as a type of property. The property's lot size has been calculated to be 62,726 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a .

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $842,500 in taxes each year. 21 The Lynnway Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $559,400. If we break it down further, the land itself was valued at $253,900. Improvements to the property, however, were assessed at a total of $305,500. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.