5 Hope Lane

Local assessors in Tenants Harbor, ME have categorized 5 Hope Lane as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 67,518 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 5 Hope Lane has a total of 262 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. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 5 Hope Lane sold most recently in Aug 16, 2019 for a total of $448,000. If you work out the math, that's approximately a cost of $518.52 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 $6,964 in taxes each year. 5 Hope Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $627,400. If we break it down further, the land itself was valued at $414,300. Improvements to the property, however, were assessed at a total of $213,100. 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.