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Lake Arrowhead 04048
55 Island Road
Listed by: Elias Thomas, Exit Key Real Estate, Selling Office: A Non PrimeMLS Agency, Listing Courtesy of Prime MLS
$316,000
● House - Off Market

55 Island Road

Limerick, ME 04048
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,484 Ft²
$396,324
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

SPACIOUS, CONVENIENTLY LOCATED, MOVE-IN READY!!!  This three bedroom home has lots of room and is conveniently located to Limerick or Waterboro and an easy commute to Portland, Saco or the coast. Main level - Living Room, Eat-in Kitchen with wood stove to take of the chill on winter mornings, Office/Study, full bath and a brand new, cozy room to view nature through double sliders overlooking the back yard. Upstairs is primary bedroom with direct access to full bath plus two more bedrooms. The big bonus is an attached THREE-CAR GARAGE with plenty of room for a workshop and storage for cars and all your toys! Take advantage of all that the Lake Arrowhead community has to offer - several community beaches, Club houses with recreational facilities and more!
Unit Size
1,484 Ft²
Days on Market
-
Land Size
1.51 acres
Price per sqft
$201
Property Type
House
Property Taxes
$185
HOA Dues
-
Year Built
-

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4834343)

Price History

Date / Event Date Event Price
Oct 21, 2022 Sold
Premium
Sold
Nov 9, 2020 Sold
Premium
Sold
Oct 15, 2020 Listed by Exit Key Real Estate $299,000
Listed by Exit Key Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 65,776
  • Total Building Area: 768
  • Gross Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001510
  • Standard Land Use Code: 1999

Neighborhood

  • School District Name: School Administrative District 06
  • School Tax School District: RSU 57/MSAD 57
  • Census Tract: 023000

Geography

  • Account Number: 1892
  • Parcel: LIME M:46 L:88
  • Lot: 88
  • Municipality: LIMERICK
  • Latitude: 43.6678
  • Longitude: -70.7536

    Address

  • Full Address: 55 Island Rd
  • Address - House Number: 55
  • Address - Street Name: Island
  • Address - Suffix Type: Rd
  • State: ME
  • City Name: Limerick
  • Carrier Code: R002
  • 4-Digit Zip Code: 4052
  • Zip Code: 04048

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $301,400

    Appraisal Valuation

  • Standard Deviation: 0.2336
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 67
  • Final Value: 360,769
  • High Value: 445,078
  • Low Value: 276,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $198,264
  • Assessed Land Value: $35,050
  • Assessed Improvements Value: $163,214

    Sales

  • Current Sale Contract Date: Oct 21, 2022
  • Current Sale Recording Date: Oct 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 2022045163
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lake Arrowhead

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Prime

Listed by: Elias Thomas, Exit Key Real Estate
Last Updated Date: 2020-11-11
Last Checked: 3 hours ago
Data Source: Prime MLS, MLS# 4834343
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 55 Island Road built and last sold?
The property at 55 Island Road was built in and last sold on Oct 21, 2022 for $345,500.
How much is this home worth?
The estimated value of the home located at 55 Island Road is $301,990.
What are some comparable homes to 55 Island Road?
There are currently no comparable homes to 55 Island Road.
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