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40 Atlantic Way

40 Atlantic Way, Freeport, ME 04032
Property in Freeport
Sold May 15, 2014
$1,625,000
$1,300,000 by Poli Mtg Group
Mortgage Due May 15, 2044
Local assessors in Freeport, ME have categorized 40 Atlantic Way as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 111,949 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 40 Atlantic Way has a total of 4,657 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Moving onto specific details regarding the building. Our sources show that the building condition is good. The building has a gable style roof that was made of wood shake/ shingles. Lots of wood siding were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 40 Atlantic Way was last sold in Jan 1, 1970 for $1,625,000. According to our calculations, that's $348.94 per sqft. Current property owners are expected to pay $29,678 in taxes per year. The property on 40 Atlantic Way was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $2,174,200. To break that down further, the land itself was valued at $909,000. While improvements to the property were assessed at a total of $1,265,200. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 2,632
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 111,949
  • Total Building Area: 4,657
  • Gross Building Area: 9,610
  • Building Area: 4,657
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 4,657
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STITT PROPERTY PCL 3
  • Land Acres: 2.57
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FINE DAVID A
  • Current Owner 2: FINE LESLIE S
  • Previous Owner : CHRISTENSEN MARC D

Neighborhood

  • School District Name: Regional School Unit 05
  • School Tax School District: RSU 05
  • Census Tract: 004502

Zoning

  • Zoning: 1300

Geography

  • Account Number: 103052
  • Parcel: FPRT M:19 B:14 L:3 U:0
  • Block: 14
  • Lot: 3
  • Municipality: FREEPORT
  • Latitude: 43.8479
  • Longitude: -70.0347

    Address

  • Full Address: 40 Atlantic Way
  • Address - House Number: 40
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Way
  • State: ME
  • City Name: Freeport
  • Carrier Code: R001
  • 4-Digit Zip Code: 6549
  • Zip Code: 04032

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,678

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 65
  • Final Value: 3,024,504
  • High Value: 3,543,016
  • Low Value: 2,505,991

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,257,000
  • First Open Lien Mortgage Lender: POLI MTG GROUP
  • First Open Lien Mortgage Recording Date: May 15, 2014
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $1,300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: May 15, 2044
  • Second Open Lien Mortgage Lender: POLI MTG GROUP
  • Second Open Lien Mortgage Recording Date: Dec 22, 2015
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $957,000
  • Second Open Lien Mortgage Term: 348
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Second Open Lien Mortgage Loan Due Date: Jan 08, 2045

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,174,200
  • Assessed Land Value: $909,000
  • Assessed Improvements Value: $1,265,200

    Sales

  • Current Sale Recording Date: May 15, 2014
  • Current Sale Transaction ID: 1081970371
  • Current Sale Price: $1,625,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 000000020074

    Last Sale Mortgage

  • First Mortgage Lender: POLI MTG GROUP
  • First Mortgage Transaction Date: May 15, 2014
  • First Mortgage Loan Amount: $1,300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: May 15, 2044

    Financing

  • First Mortgage Financing Type: Unknown

About Cumberland



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Frequently Asked Questions

What neighborhood is 40 Atlantic Way located in?
The 40 Atlantic Way is a located in the neighborhood of Freeport in Cumberland, Freeport.
What is the average sales price for listings in 40 Atlantic Way?
The average sales price for units in 40 Atlantic Way is $0 currently.

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