Last Sold Price
2 beds396 sqft$354/sqft
1 Terrace Way, Rangeley, ME 04970

Description

Cabin #1 at the Rangeley Terraces. Enjoy all the joys of lake life! Great big deck overlooking Rangeley Lake. 2 BRs, 1 BA cabin. Conveying a corporation share of the well-run Rangeley Terraces LLC. Brand new roof. Many upgrades, expansive deck, landscaping. Yearly assn fee/$2800 pays for taxes, insurance, grounds maintenance, internet, electric. Westerly sunsets, fire pits, 3 docks, 360' of lake front, private mooring. Great swimming & fishing. Be on the big lake at a small cost. Adorable, cozy cabin....Cabin #1 at the Rangeley Terraces. Enjoy all the joys of lake life! Great big deck overlooking Rangeley Lake. 2 BRs, 1 BA cabin. Conveying a corporation share of the well-run Rangeley Terraces LLC. Brand new roof. Many upgrades, expansive deck, landscaping. Yearly assn fee/$2800 pays for taxes, insurance, grounds maintenance, internet, electric. Westerly sunsets, fire pits, 3 docks, 360' of lake front, private mooring. Great swimming & fishing. Be on the big lake at a small cost. Adorable, cozy cabin. A jewel of a camp! Cottage community of 7 cabins. Great rental history. New roof & windows. Currently 3 season use but could be converted to year-round. Beautiful docks, shared boathouse and grounds. No maintenance. Yearly fees cover all expenses! Cute as a button! Outstanding cabin! Spectacular view. Priced to sell. Call today for a showing.
LISTING CLOSED: 09/28/2018 12:00 AM

  1. Listed by Carolyn Smith • Morton & Furbish Agency
    P: (207)-491-5800 C: (207)-491-5800 rangeleyrealestate@gmail.com

Property Details for 1 Terrace Way

Status
MLS #
1361050
Days on Market
38
Taxes
$560 / year
HOA Fees
$2,700 / year
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1950
Lot Size
1.60 AC / 69,696 SF
Architectural Style
Camp, Cottage
Style
Camp, Cottage
Subdivision Name
Rangeley Terraces LLC
View
Mountain(s), Scenic
Has Waterfront
Yes
Zoning
shoreland

Location

Listing Courtesy of Morton & Furbish Agency

Sold By Morton & Furbish Agency

Add your commute

Building Information for 1 Terrace Way

Stories-Year Built1950Building Size-Lot Size1.60 AC / 69,696 SF

Payment Calculator

$983 per month

30 year fixed, 6.55% Interest

Principal and Interest

$712

Property Taxes

$47

HOA Dues

$225

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Terrace Way

Summary
Location and General Information
  • Water View: Yes
  • Location: Near Country Club, Near Shopping, Rural, Ski Resort
  • Page: 112
  • Zoning Overlay: No
  • Directions: From Rangeley, Go south on RT4 for 2.5 miles. Look for Terraces sign on right. when in the parking lot, cabin is first one on the left when looking at the 3 cabins below.
  • Latitude: 44.935108
  • Longitude: -$70.63
  • Transportation: Major Road Access
  • Water Frontage Owned: 360.0
  • Source of Water Frontage: Survey
  • Waterfront Amount: $360.00
  • Water Body Type: Lake
  • Water Body Name: Rangeley
Taxes and HOA
  • Association Fee: $2,700.00
  • Association: Yes
  • Tax Lot: 5
  • Tax Book Number: 2466
  • Tax Map Number: 29
  • Tax Year: 2016
  • Association Fee Frequency: Annually
  • Tax Annual Amount: $560.00
Parking
  • Parking Features: Gravel, Common, On Site, Off Street
  • Parking: On Site, Off Street
  • Has Attached Garage: No
  • Has Garage: No
Property
Lot Information
  • Lot Features: Well Landscaped, Rolling/Sloping, Open, Near Golf Course, Near Shopping, Rural, Ski Resort
  • Lot Size Acres: 1.6
  • Lot Size Area: 1.6
  • Lot Size Source: Survey
  • Lot Size Square Feet: 69696.0
  • Lot Size Units: Acres
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • Road Frontage: false
  • Site: Open, Rolling/Sloping, Well Landscaped
Property and Assessments
  • Above Grade Finished Area: 396.0
  • Building Area Source: Measured (ANSI)
  • Building Area Total: 396.0
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Deed/Conveyance Type Offered: Warranty
  • Deed Restrictions: Yes
  • Surveyed: Yes
  • Restrictions: Other Restrictions
  • Construction: Wood Frame
  • Year Built: 1950
Building Features
  • Foundation Details: Pillar/Post/Pier
  • Foundation Materials: Pillar/Post/Pier
  • Construction Materials: Wood Siding, Wood Frame
  • Color: brown
Financial Information
  • List Price/SqFt: $353.54
Green Features
  • HERS Certified: No
Utilities
  • Heat Fuel: Propane
  • Electric: Circuit Breakers
  • Gas: Bottled
  • Recreational Water: Boat Mooring, Deeded, Dock, Lake/Fresh Water, Waterfront Deep
  • Sewer: Private Sewer
  • Water Source: Public
  • Water Heater: On Demand
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Wood Siding
  • Roof: Shingle
  • Driveway: Common, Gravel
Interior Features
  • Amenities: 1st Floor Bedroom
  • Appliances: Refrigerator, Microwave, Gas Range
  • Appliances Included: Microwave, Gas Range, Refrigerator
  • Bathrooms Full: 1
  • Bathrooms Total Decimal: 1.0
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • Equipment: DSL
  • Other Equipment: DSL
  • # Full Baths Level 1: 1
  • Rooms Total: 4
  • Basement: Not Applicable
  • Basement Entry: Not Applicable
  • Patio And Porch Features: Deck
  • Has Cooling: No
  • Heating: Direct Vent Heater
  • Has Heating: Yes
  • Flooring: Wood, Vinyl
  • Interior Features: 1st Floor Bedroom
Room Information
Primary Bedroom
  • Primary Bedroom Level: First
Bedroom 1
  • Bedroom 1 Level: First
Dining Room
  • Dining Room Level: First
Kitchen
  • Kitchen Level: First
  • Kitchen Countertop: Formica
Living Room
  • Living Room Level: First
Rental
Rent Information
  • Land Lease: No
  • Pets Allowed: Other Restrictions

Property History for 1 Terrace Way

DateEvent & SourcePriceAppreciation
Sep 28, 2018

Sold

Maine Listings #1361050

$140,000
Aug 20, 2018

Pending

Maine Listings #1361050

Jul 9, 2018

Listed (Active)

Maine Listings #1361050

$142,000
DateEvent & SourcePrice
09/28/2018

Sold

Maine Listings #1361050

$140,000
08/20/2018

Pending

Maine Listings #1361050

07/09/2018

Listed (Active)

Maine Listings #1361050

$142,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1 Terrace Way

This home is within Regional School Unit 78.
Rating
School
Type
Grades
Distance
Public - PK to 12
Rating
School
Distance
Rangeley Lakes Regional School
PublicPK to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Morton & Furbish Agency

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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.