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8 Shy Road

8 Shy Road, Palmyra, ME 04965
Property in Palmyra
Sold Oct 18, 2021
$146,900
$117,500 by Sebasticook Valley Fed Credit
Mortgage
Sold Jul 22, 2016
$101,500
$100,177 by Freedom Mortgage Corp
Mortgage Due Jul 22, 2043
Local assessors in Palmyra, ME have categorized 8 Shy Road as a residential type of property. The property's lot size has been calculated to be 871,200 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style.

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. The property was last sold in Aug 10, 2021 for $146,900. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $101,500. 8 Shy Road was last assessed in 2022. The total value of the property was assessed at $108,000. Specifically, the land the property is located on was valued at $28,500. While improvements on the property were assessed at a total of $79,500. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $1,836. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Style: Multifamily
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 871,200
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 20
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : DUNCOMBE MELISSA J
  • Current Owner 2: DUNCOMBE PETER
  • Previous Owner : DUNCOMBE MELISSA J
  • Owner Before Previous Owner: RUSSELL MELISSA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Regional School Unit 19
  • School Tax School District: RSU 19
  • Census Tract: 965800

Geography

  • Parcel: PALA M:006 B:009
  • Block: 9
  • Municipality: PALMYRA
  • Latitude: 44.8322
  • Longitude: -69.4164

    Address

  • Full Address: 8 Shy Rd
  • Address - House Number: 8
  • Address - Street Name: Shy
  • Address - Suffix Type: Rd
  • State: ME
  • City Name: Palmyra
  • Carrier Code: R022
  • 4-Digit Zip Code: 3840
  • Zip Code: 04965

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,836

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $167,500
  • First Open Lien Mortgage Lender: SEBASTICOOK VALLEY FED CREDIT
  • First Open Lien Mortgage Recording Date: Oct 18, 2021
  • First Open Lien Mortgage Loan Amount: $117,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • Second Open Lien Mortgage Lender: SEBASTICOOK VALLEY FED CREDIT
  • Second Open Lien Mortgage Recording Date: Aug 02, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $108,000
  • Assessed Land Value: $28,500
  • Assessed Improvements Value: $79,500

    Sales

  • Current Sale Contract Date: Aug 10, 2021
  • Current Sale Recording Date: Oct 18, 2021
  • Current Sale Transaction ID: 11860633580
  • Current Sale Price: $146,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13718
  • Previous Sale Recording Date: Jul 22, 2016
  • Previous Sale Amount: $101,500
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: SEBASTICOOK VALLEY FED CREDIT
  • First Mortgage Transaction Date: Oct 18, 2021
  • First Mortgage Loan Amount: $117,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: FREEDOM MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jul 22, 2016
  • Previous Mortgage Loan Amount: $100,177
  • Previous Mortgage Term: 323
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 22, 2043

About Somerset



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Frequently Asked Questions

What neighborhood is 8 Shy Road located in?
The 8 Shy Road is a located in the neighborhood of Palmyra in Somerset, Palmyra.
What is the average sales price for listings in 8 Shy Road?
The average sales price for units in 8 Shy Road is $0 currently.

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