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$399,000 -$10,000 (-2.44%) Price Reduced

  • For Sale
  • Active
  • Duplex
  • 2 Full Baths
  • 1,760 Sq. Ft.
  • 7.83 Acres
  • Updated 6 days ago
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Explore the incredible potential of this 2-unit duplex on a sprawling 7.83-acre lot! Each unit features 2 bedrooms and 1 bathroom, with separate utilities for seamless management-ideal for rental income, multigenerational living, or investment purposes. The large lot not only provides privacy and ample space but also offers the opportunity to subdivide, creating an additional lot that could yield an estimated $150,000. With spacious living areas and functional layouts in each unit, this duplex provides comfort and convenience for tenants or family members alike. The expansive land invites outdoor activities, future development, or even expansion possibilities. This property combines immediate rental income potential with the added benefit of land value appreciation and development. Selling at a 10.4% cap rate with the option to subdivide the lot offers tremendous investment potential!

Full Property Details for 44 Memory Ln

General

  • Price: $399,000
  • Taxes: $3,079 (2024)
  • Status: Active
  • Type: Duplex
  • Source: MREIS
  • MLS ID: 1608923
  • Updated: 11/30/2024
  • Added to Site: 29 day(s) ago

Interior

  • Interior Features: 1st Floor Bedroom, Bathtub, In-Law Floorplan, One-Floor Living, Storage
  • Flooring: Vinyl, Tile, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Other Rooms

  • Laundry: Washer Hookup

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: 5 - 10 Spaces, Gravel, Other

Location

  • County: York

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water, Baseboard

Utilities

  • Sewer: Private Sewer
  • Water: Private
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Duplex
  • Construction: Vinyl Siding, Wood Frame
  • Roof: Shingle
  • Building Size: 1760
  • Square Feet: 1,760
  • Living Area: 1,760 Sq. Ft.
  • Finished Total: 1,760 Sq. Ft.
  • Finished Above Grnd: 1,760 Sq. Ft.
  • Year Built: 1996

Lot Features

  • Lot Size (Acres): 7.83
  • Lot Size (Sq. Ft.): 341,074.8
  • Lot Size Source: Public Records
  • Street/Road Desc.: Private, Gravel
  • Zoning: R-3
  • Lot Description: Level, Near Turnpike/Interstate, Near Town, Rural

Financial Considerations

  • Tax Amount: $3,079
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 20

Listed by Keller Williams Realty (207) 879-9800

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Listing agents

— 44 Memory Ln —

  • Keller Williams Realty

    207-879-9800

  • Keller Williams Realty

    207-879-9800

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 44 Memory Ln

School District:Rsu 21
RatingNameGradesDistance
6
Kennebunk High School
89 Fletcher St, Kennebunk, ME 04043
9-124.8 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 44 Memory Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/30/2024
Price Reduced
$399,000
-2.44%
MLS
11/20/2024
Price Reduced
$409,000
-2.39%
MLS
11/08/2024
Listed
$419,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 44 Memory Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,079
—
$181,100
—
2023
$3,079
1%
$181,100
—
2022
$3,061
—
$181,100
—
2021
$3,061
1%
$181,100
—
2020
$3,030
3%
$181,100
—
2019
$2,952
2%
$181,100
—
2018
$2,883
3%
$181,100
—
2017
$2,807
3%
$181,100
—
2016
$2,738
1%
$181,100
—
2015
$2,707
3%
$181,100
—
2014
$2,626
—
$181,100
—
2013
$2,626
—
$181,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Realty (207) 879-9800

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44 Memory Lane, Arundel, ME 04046 (MLS# 1608923) is a Duplex property with 0 bedrooms and 2 full bathrooms. 44 Memory Lane is currently listed for $399,000 and was received on November 08, 2024. Want to learn more about 44 Memory Lane? Do you have questions about finding other Duplex real estate for sale in Arundel? You can browse all Arundel real estate or contact a Coldwell Banker agent to request more information.

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