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7 Malingwood Lane
Score
0
Kennebunkport, ME

7 Malingwood Lane

420K
4 bd • 3 ba • 2,042 sf

This analysis was generated on 2/20/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$420,000

Price/Sq.Ft

$206

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Competitive Price per Square Foot: At $205.68 per square foot, the property's price point is attractive, especially considering Kennebunkport's typically high real estate values. • Sizeable Living Space: With 2,042 square feet, the property offers ample living space for families or those who desire room for guests or hobbies. It may also be possible to convert the property to a rental to generate income. • Four Bedrooms and Three Bathrooms: The presence of four bedrooms and three bathrooms provides flexibility and convenience for larger households or potential rental scenarios.

The Bad

• Unknown Year Built: The unknown construction year is a significant drawback. It makes assessing the property's condition, potential maintenance needs, and compliance with current building codes difficult. This lack of information increases the risk of unexpected repairs and expenses. • Limited Property Information: The absence of detailed property features, descriptions, and room details makes it challenging to evaluate the property's suitability and value. Buyers must rely heavily on their own investigation and inspections. • Potential for High Maintenance Costs: Without knowing the age and condition of the property's systems (roof, HVAC, plumbing, electrical), there's a high likelihood of facing costly repairs or replacements in the near future.

The Ugly

• Coastal Flood Risk: Kennebunkport's location makes this property highly susceptible to flooding. Flood insurance is likely mandatory and can be very expensive. The long-term impact of sea-level rise is a major concern, potentially leading to property devaluation and increased insurance costs. • High Property Taxes: Maine's high property taxes will significantly increase the overall cost of ownership. This can strain the budget, especially when combined with potential flood insurance premiums and maintenance expenses. • Potential Septic System Issues: If the property relies on a septic system, its condition is critical. A failing septic system can lead to costly repairs or replacement, ranging from $10,000 to $25,000 or more. Proximity to the coast can further complicate septic system functionality.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers seeking a spacious home in a private, wooded setting: This property offers four bedrooms and a large square footage for the area. • Those looking for a project property: With an unknown build year and lack of detailed information, this property may appeal to buyers willing to invest time and resources into renovations and updates. • Individuals interested in exploring rental opportunities: Kennebunkport's tourism industry may make this property suitable for seasonal rentals, pending local regulations. • Buyers who appreciate a rural or semi-rural lifestyle: The property's wooded surroundings suggest a quieter, less urban environment.

Not For

• Buyers seeking a move-in ready property: With limited information and an unknown build year, significant updates or repairs may be needed. • Those on a strict budget: The potential for unexpected repairs and high property taxes in Kennebunkport could make this property unaffordable. • Individuals who prefer urban amenities: Kennebunkport is a small town with limited access to specialized services and amenities. • Buyers concerned about coastal hazards: The property's location makes it vulnerable to flooding, sea-level rise, and storm surges.
Demographics
Area Median Income

$0

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

• Unknown Build Year: This creates uncertainty about the property's condition and compliance with current building codes. A thorough inspection is essential. • Coastal Hazards: Kennebunkport's coastal location exposes the property to flood risk, sea-level rise, and storm surges, potentially leading to property damage and devaluation. Flood insurance is likely required, adding to ownership costs. • High Property Taxes: Maine has relatively high property taxes, which can significantly increase the monthly cost of ownership. • Septic System Issues: If the property isn't connected to town sewer, the septic system's condition is crucial. Repairs or replacements can be expensive. • Limited Information: The lack of property details makes it difficult to assess its true value and potential risks. A comprehensive due diligence process is necessary.

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Financials

Monthly Costs
Market Rent (4 bed)

$0

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$420,000
Price/sqft
$206
Layout
4 bd•3 ba

Stats in the Area

Based on 4 comparable properties nearby

Average Price

$739,750

43.2%

Your price is 43.2% below average

Median Price

$925,000

54.6%

Based on 4 recent sales

Price per Sq.Ft

$362

43.2%

Your price is 43.2% below average $/sqft

Comparable Properties

7 Malingwood Lane, Kennebunkport, ME 04046
Price: $420,000
Sq.Ft: 2,042
Beds/Baths: 4/3
$/Sq.Ft:
$2060.0%
Sale Date: 12/5/2024
46 Kittys Run, Kennebunkport, ME 04046
Price: $925,000
Sq.Ft: 2,192
Beds/Baths: 3/3
$/Sq.Ft:
$422105.2%
Sale Date: 11/13/2024
15B Grove Street, Kennebunkport, ME 04046
Price: $929,000
Sq.Ft: 2,300
Beds/Baths: 3/3
$/Sq.Ft:
$40496.4%
Sale Date: 11/12/2024
24R Old Cape Road, Kennebunkport, ME 04046
Price: $685,000
Sq.Ft: 1,638
Beds/Baths: 3/2
$/Sq.Ft:
$418103.3%
Sale Date: 11/21/2024

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