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York
28 Rainbow Road
Listed by: Sherry Main, Exit Key Real Estate, Selling Office: KW Coastal and Lakes & Mountains Realty/Wolfeboro, Listing Courtesy of Prime MLS
$320,000
● House - Off Market

28 Rainbow Road

Shapleigh, ME 04076
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,938 Ft²
$472,850
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Room to s-p-r-e-a-d Out. If your family likes privacy consider this 5 bedroom, 3 bath, charming contemporary home. Secluded in the country with 13 rooms & just under 4000 sq. ft., there is plenty of area for creativity on this 19+ acres property. If you love the great outdoors you can hike, hunt or just relax on your deck in the hot tub and admire the amazing mountain views and wildlife at sunset. Home improvements starting with new siding, roof, flooring, granite countertops, tile backsplash, new deck, and central air. Sit on a sandy beach with a ROW not far from the house to Pine Springs Lake for your enjoyment; kayak, swim, canoe, all this and much more to offer in this well-maintained home.
Unit Size
3,938 Ft²
Days on Market
-
Land Size
19.80 acres
Price per sqft
$91
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1986

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4835843)

Price History

Date / Event Date Event Price
Aug 15, 2023 Sold
Premium
Sold
Jul 14, 2023 No longer available -
No longer available
Jun 16, 2023 Listed by Exit Key Real Estate $449,000
Listed by Exit Key Real Estate
Jan 4, 2021 Sold
Premium
Sold
Nov 18, 2020 No longer available -
No longer available
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 862,488
  • Total Building Area: 0
  • Gross Building Area: 5,277
  • Building Area: 3,598
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,598
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000019800
  • Standard Land Use Code: 1999

Neighborhood

  • School District Name: School Administrative District 57
  • School Tax School District: RSU 57/MSAD 57
  • Census Tract: 023502

Zoning

  • Zoning: GP

Geography

  • Account Number: 8738
  • Parcel: SHAP M:012 L:035 S:000 T:000
  • Lot: 35
  • Municipality: SHAPLEIGH
  • Latitude: 43.6152
  • Longitude: -70.8219

    Address

  • Full Address: 28 Rainbow Rd
  • Address - House Number: 28
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Rd
  • State: ME
  • City Name: Shapleigh
  • Carrier Code: R002
  • 4-Digit Zip Code: 3019
  • Zip Code: 04076

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $305,100

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 75
  • Final Value: 522,182
  • High Value: 619,441
  • Low Value: 424,924

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $287,833
  • Assessed Land Value: $66,810
  • Assessed Improvements Value: $221,023

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023024644
  • Previous Sale Recording Date: Jan 04, 2021
  • Previous Sale Contract Date: Dec 30, 2020
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About York

Stats & Trends

Median Asking:

$635,000

Sale Price/ft²

$298

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2603 ft²

Average Home Age

37.3 years

Currently For Sale

55 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Prime

Listed by: Sherry Main, Exit Key Real Estate
Last Updated Date: 2021-01-02
Last Checked: 2 hours ago
Data Source: Prime MLS, MLS# 4835843
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 28 Rainbow Road built and last sold?
The property at 28 Rainbow Road was built in 1986 and last sold on Aug 14, 2023 for $548,800.
How much is this home worth?
The estimated value of the home located at 28 Rainbow Road is $0.
What are some comparable homes to 28 Rainbow Road?
There are currently no comparable homes to 28 Rainbow Road.
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