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388 Swain Road

388 Swain Road, Rumford, ME 04276
Property in Rumford
Sold Feb 22, 2022
$126,200
$100,997 by Rocket Mortgage
Mortgage
Sold Jul 17, 2017
$92,300
$73,800 by Oxford Fcu
Mortgage Due Jul 17, 2037
388 Swain Road in Rumford, ME was first built in 1976 and is 48 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 388 Swain Road has 1,008 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 29,185 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a well system. 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, 388 Swain Road sold most recently in Sep 4, 2021 for a total of $126,200. If you work out the math, that's approximately a cost of $125.20 per sqft. Before that, the property was also sold for $92,300 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,302 in taxes each year. 388 Swain Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $103,800. If we break it down further, the land itself was valued at $16,400. Improvements to the property, however, were assessed at a total of $87,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Ranch/Rambler
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 29,185
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,008
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 0.67
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MORSE GREGORY W
  • Current Owner 2: MORSE TAMMY L
  • Previous Owner : MORSE GREGORY W
  • Owner Before Previous Owner: MORSE WILLIAM S
  • Owner Before Previous Owner 2: MORSE MARY A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Regional School Unit 10
  • School Tax School District: RSU 10
  • Census Tract: 965600

Zoning

  • Zoning: RESIDE

Geography

  • Parcel: RUMF M:111 L:021
  • Lot: 21
  • Municipality: RUMFORD
  • Latitude: 44.5531
  • Longitude: -70.5701

    Address

  • Full Address: 388 Swain Rd
  • Address - House Number: 388
  • Address - Street Name: Swain
  • Address - Suffix Type: Rd
  • State: ME
  • City Name: Rumford
  • Carrier Code: R001
  • 4-Digit Zip Code: 3800
  • Zip Code: 04276

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,302

    Appraisal Valuation

  • Standard Deviation: 0.2589
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 48
  • Final Value: 184,870
  • High Value: 232,744
  • Low Value: 136,995

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,997
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE
  • First Open Lien Mortgage Recording Date: Feb 22, 2022
  • First Open Lien Mortgage Loan Amount: $100,997
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $103,800
  • Assessed Land Value: $16,400
  • Assessed Improvements Value: $87,400

    Sales

  • Current Sale Contract Date: Sep 04, 2021
  • Current Sale Recording Date: Feb 22, 2022
  • Current Sale Transaction ID: 11880189038
  • Current Sale Price: $126,200
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 2550
  • Previous Sale Recording Date: Jul 17, 2017
  • Previous Sale Amount: $92,300
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE
  • First Mortgage Transaction Date: Feb 22, 2022
  • First Mortgage Loan Amount: $100,997
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: OXFORD FCU
  • Previous Mortgage Transaction Date: Jul 17, 2017
  • Previous Mortgage Loan Amount: $73,800
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 17, 2037

About Rumford



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Frequently Asked Questions

What neighborhood is 388 Swain Road located in?
The 388 Swain Road is a located in the neighborhood of Rumford in Rumford, Rumford.
What is the average sales price for listings in 388 Swain Road?
The average sales price for units in 388 Swain Road is $0 currently.

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