416 Canaan Road

416 Canaan Road in Skowhegan, ME was first built in 1940 and is 84 years old. This has been categorized as a commercial property type. It is a single story home. 416 Canaan Road has 1,620 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 69,260 square feet.

Learn more about the property and building on this page. The condition of the building has been evaluated as fair. As for heating, the home is utilizing a hot water heating system and being fueled with oil. 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, 416 Canaan Road sold most recently in Jan 1, 1970 for a total of $500,000. If you work out the math, that's approximately a cost of $308.64 per sqft. 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 $2,217 in taxes each year. 416 Canaan Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $125,100. If we break it down further, the land itself was valued at $52,100. Improvements to the property, however, were assessed at a total of $73,000. The property's total assessed value has been marked as more than the total market value 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.