38 Diamond Drive
Waterboro, ME 04061
$8,500,000
Price
3
Beds
1
Bath
768 Sq. Ft.
$11,068 / Sq. Ft.
768
Sq. Ft.
$11,068
per Sq. Ft.
Description
Exciting investment opportunity for 24 single-family properties located within and proximal to the waterfront neighborhood of Lake Arrowhead. An expansive community that is only 35-minutes from the bustling city of Portland, 1 hour from abundant recreational opportunities of the mountain regions, and 2 hours from Boston. This portfolio's location is ideal for all that Maine has to offer. This 24-unit single-family investment portfolio comprises of desirable 2-story Cape Cod style homes. All providing...Exciting investment opportunity for 24 single-family properties located within and proximal to the waterfront neighborhood of Lake Arrowhead. An expansive community that is only 35-minutes from the bustling city of Portland, 1 hour from abundant recreational opportunities of the mountain regions, and 2 hours from Boston. This portfolio's location is ideal for all that Maine has to offer. This 24-unit single-family investment portfolio comprises of desirable 2-story Cape Cod style homes. All providing the option for first floor-living with a bedroom and bath privately tucked into the back of the homes. Two additional bedrooms are located upstairs and 14 of the properties have a larger floor plan providing additional flex space for a den or office on the first floor. Some properties offer added value with direct lakefront living, walkout basements, and exceptional privacy with larger lots up to 2 acres. Quality construction is evident in these owner-built properties which have well-maintained systems, metal roofs, solid 2x6 construction, dry basements, and radon mitigation systems. All of the properties have been used for long-term rentals and are non-smoking. The Lake Arrowhead Association boasts multiple beaches for water activities such as swimming and kayaking. With two Community Centers, including indoor and outdoor pools, basketball and volleyball courts, room rentals, fitness center and other amenities this location draws long-term renters, vacationers, and home buyers. This is an exceptional investment portfolio poised for value appreciation and revenue growth. Lake Arrowhead does allow short-term vacation rentals; a potential, high-growth revenue stream not realized by the current owner. Notes: This is a portfolio sale of 24 single-family homes. 22 properties are with-in the Lake Arrowhead Association and 2 properties are in the surrounding community. List of all properties is attached. Also, MLS Commercial #1605396
- Listed by Colleen Lundgren • Real Broker • 207-671-6026
Property Details for 38 Diamond Drive
Waterfront
Yes
Waterfront FeaturesLake
ArchitecturalStyleCape
Garage Spaces.00
GarageNo
ZoningLake Arrowhead
ViewScenic, Trees/Woods
Subdivision NameLake Arrowhead Association
LISTING UPDATED: 11/18/2024 06:34 AM
Property Details for 38 Diamond Drive
| Status | Active |
|---|---|
| MLS # | 1605398 |
| Days on Market | 53 |
| Taxes | $3,861 / year |
| HOA Fees | $1,100 / year |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1984 |
| Lot Size | 0.24 AC / 10,454 SF |
| County | York County |
Building Information for 38 Diamond Drive
Stories-Year Built1984Building Size-Lot Size0.24 AC / 10,454 SF
Property Information for 38 Diamond Drive
Summary
Location and General Information
- Road Surface Type: Gravel
- Water Body Name: Lake Arrowhead
- Zip Code: 4934
- Town: Waterboro
- State/Province: ME
- Zip Code: 04061
- County: York
- Geo Latitude: 43.659168
- Geo Longitude: -70.740447
- Tax Lot: 1-527
- Site:Rolling/Sloping: Yes
- Site:Wooded: Yes
- Location:Neighborhood: Yes
- Water Info:Waterfront Amount +: 105.00
- Water Info:Water Frontage Owned: 105.00
- Water Info:Water Frontage Shared: .00
- Source of Water Frontage:Public Records: Yes
- Recreational Water:Beach Rights: Yes
- Recreational Water:Common: Yes
- Recreational Water:Deeded: Yes
- Recreational Water:Lake/Fresh Water: Yes
- Recreational Water:Nearby: Yes
- Recreational Water:ROW to Water: Yes
Parking
- Parking Features: 1 - 4 Spaces, Gravel, On Site
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 3204
- Tax Map Number: 045
- Tax Year: 2023
- Parcel Number: WTBR-000045-000000-000001-000527
- Location Information:Association Y/N: Yes
- Tax Annual Amount: $3,861.00
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
- Water Heater:Oil: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 768.0
- Lot Size Acres: 0.24
- Source of Acreage: Public Records
- Building Area Total: 768.0
- Lot Size Area: 0.24
- Lot Size Units: Acres
- Lot Size Square Feet: 10454.4
- Bedrooms Total: 3
- Bathrooms Full: 1
- Bathrooms Half: 0
- Street Number: 38
- Property Information:Surveyed: Yes
- Property Information:Seasonal: No
- Property Information:# Rooms: 6.00
- Property Information:Total Half Baths: .00
- Property Information:Color: Red
- Property Information:# Full Baths Basement: .00
- Property Information:# Half Baths Basement: .00
- Property Information:# Full Baths Level 1: 1.00
- Property Information:# Half Baths Level 1: .00
- Property Information:# Full Baths Level 2: .00
- Property Information:Other Source of Square Footage: *Reflects first story sq ft only
- Property Information:# Half Baths Level 2: .00
- Property Information:# Full Baths Level 3: .00
- Property Information:# Half Baths Level 3: .00
- Property Information:# Full Baths Upper: .00
- Property Information:# Half Baths Upper: .00
Parking
- Driveway:Gravel: Yes
Property and Assessments
- Leased Land: No
- Property Type: Residential,Single Family Residence
- Property Type Label: Residential
- Property Sub-Type: Single Family Residence
- Building Area Source: Public Records
- Year Built: 1984
Utilities
- Electric: Circuit Breakers
- Sewer: Septic Existing on Site
- Water Source: Public
- Appliances Included:Gas Range: Yes
- Appliances Included:Refrigerator: Yes
- Utilities:Utilities On: Yes
- Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Siding, Wood Frame
- # Fireplaces: 0
- Fireplace: No
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Metal
Interior Features
- Basement: Walk-Out Access, Full, Interior Entry, Unfinished
- Interior Features: 1st Floor Bedroom, Bathtub, Other, Storage
- Cooling: None
- Heating: Multi-Zones, Hot Water, Baseboard
- Foundation Details: Concrete Perimeter
- Laundry Features: Washer Hookup
- Room Total: 6
- Bathrooms Total (Integer): 1
- Bathrooms Total (Decimal): 1.00
- Bathrooms Total (Notational): 1.00
- Cooling YN: No
- Heating YN: Yes
- Kitchen Countertop:Other: Yes
Room Information
Room 1
- Room Type: Kitchen
- Room Level: First
Room 2
- Room Type: Living Room
- Room Level: First
Room 3
- Room Type: Bedroom 1
- Room Level: First
Room 4
- Room Type: Office
- Room Level: First
Room 5
- Room Type: Bedroom 2
- Room Level: Second
Room 6
- Room Type: Bedroom 3
- Room Level: Second
Property History for 38 Diamond Drive
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 38 Diamond Drive
Taxable ValueLand$152,800Additions$191,300Total$344,100
Tax Record2024$3,802 ($317 / month)
Home Facts
Beds3Total Finished SqFt768 SqFtAbove Grade Finished SqFt768 SqFtStories1Lot Size10,454 SqFtStyleSingle Family ResidenceYear Built1984CountyYORKAPNWTBR M:045 L:001-527
Schools near 38 Diamond Drive
This home is within Regional School Unit 57 Msad 57.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Line Elementary School PublicPK to 5 | ||
Massabesic Middle School Public6 to 8 | ||
Massabesic High School Public9 to 12 | ||
Waterboro Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Neighborhoods
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of Real Broker
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
