44 Memory Lane
Arundel, ME 04046
$399,000
Price
4
Beds
2
Baths
1,760 Sq. Ft.
$227 / Sq. Ft.
1,760
Sq. Ft.
$227
per Sq. Ft.
Description
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...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!
- Listed by Alan Thach • Keller Williams Realty
- Listed by Anthony Thach • Keller Williams Realty
Property Details for 44 Memory Lane
Waterfront
No
ArchitecturalStyleDuplex
GarageNo
ZoningR-3
LISTING UPDATED: 11/30/2024 03:36 PM
Property Details for 44 Memory Lane
| Status | Active |
|---|---|
| MLS # | 1608923 |
| Days on Market | 52 |
| Taxes | $3,079 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1996 |
| Lot Size | 7.83 AC / 341,074 SF |
| County | York County |
Building Information for 44 Memory Lane
Stories-Residences2Year Built1996Building Size-Lot Size7.83 AC / 341,074 SF
Property Information for 44 Memory Lane
Summary
Location and General Information
- Road Surface Type: Gravel
- Zip Code: 7960
- Town: Arundel
- State/Province: ME
- Zip Code: 04046
- County: York
- Geo Latitude: 43.448686
- Geo Longitude: -70.486233
- Road Frontage Type: Private
- Tax Lot: 20
- Site:Level: Yes
- Location:Near Town: Yes
- Location:Near Turnpike/Interstate: Yes
- Location:Rural: Yes
Parking
- Parking Features: 5 - 10 Spaces, Gravel, Other
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 9721
- Tax Map Number: 001
- Tax Year: 2024
- Parcel Number: ARUN-000001-000000-000020
- Location Information:Association Y/N: No
- Tax Annual Amount: $3,079.00
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 1760.0
- Lot Size Acres: 7.83
- Source of Acreage: Public Records
- Building Area Total: 1760.0
- Lot Size Area: 7.83
- Lot Size Units: Acres
- Lot Size Square Feet: 341074.8
- Bathrooms Full: 2
- Bathrooms Half: 0
- Street Number: 44
- Property Information:Surveyed: Yes
- Property Information:Seasonal: No
- Property Information:Total Half Baths: .00
Parking
- Driveway:Gravel: Yes
- Driveway:Other: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1996
Utilities
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water Source: Private
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Vinyl Siding, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Shingle
- Patio and Porch Features:Deck: Yes
Interior Features
- Basement: None, Not Applicable
- Flooring: Vinyl, Tile, Laminate
- Interior Features: 1st Floor Bedroom, Bathtub, In-Law Floorplan, One-Floor Living, Storage
- Cooling: None
- Heating: Hot Water, Baseboard
- Foundation Details: Concrete Perimeter
- Laundry Features: Washer Hookup
- Bathrooms Total (Integer): 2
- Bathrooms Total (Decimal): 2.00
- Bathrooms Total (Notational): 2.00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $48,000.00
- Operating Expenses: $4,274.00
Multi-Family Information
- Number of Units: 2
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $2,000.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 4.00
- Unit 1:# of Bedrooms: 2.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: Yes
- Unit 1:Dedicated Water Heater: Yes
- Unit 1:Electric: Yes
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: Second
- Unit 2:Security Deposit: Yes
- Unit 2:Monthly Rent: $2,000.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 4.00
- Unit 2:# of Bedrooms: 2.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: Yes
- Unit 2:Dedicated Water Heater: Yes
- Unit 2:Electric: Yes
- Unit 2:Heat: Yes
- Unit 2:Range: No
- Unit 2:Refrigerator: No
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit Information
- Units:# of 1 BD Units: 0
- Units:# of 2 BD Units: 2
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
Property History for 44 Memory Lane
| 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 44 Memory Lane
Taxable ValueLand$56,700Additions$124,400Total$181,100
Tax Record2024$3,079 ($257 / month)
Home Facts
Baths2Total Finished SqFt1,760 SqFtAbove Grade Finished SqFt1,760 SqFtStories2Lot Size341,075 SqFtStyleDuplexYear Built1996CountyYORKAPNARUN M:001 L:020
Schools near 44 Memory Lane
This home is within Regional School Unit 21.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
Mildred L Day School PublicK to 5 | ||
Middle School Of The Kennebunks Public6 to 8 | ||
Kennebunk High School Public9 to 12 | ||
Kennebunk Elementary School PublicPK to 2 |
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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Listing Courtesy of Keller Williams Realty
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.
