497 Elm Street

497 Elm Street in Newport, ME was first built in 1977 and is 47 years old. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 497 Elm Street has 2,676 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 2,395,800 square feet.

Learn more about the property and building on this page. There is a patio. The roof of the home is made of asphalt. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of a combination of material. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 497 Elm Street was last sold in Jan 1, 1970 for $337,500. According to our calculations, that's $126.12 per sqft. Current property owners are expected to pay $6,576 in taxes per year. The property on 497 Elm Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $335,500. To break that down further, the land itself was valued at $50,600. While improvements to the property were assessed at a total of $284,900. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.