414 Litchfield Rd · Hallowell, ME 04344

$314,900

3 bd · 1.0 ba · 1,321 sqft · Other · 41 Days on market

Built 2018 0.95 ac lot $238/sqft · 8% above area Est $293k · 8% over

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Appreciation +10.0/10.0
• Cash flow +7.6/30.0
• Schools +7.2/10.0
• ARV discount +4.1/15.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• 1% rule +1.4/10.0

Listing remarks MLS

Back on market due to no fault of its own. Welcome to this charming home nestled on a private lot, offering both comfort and convenience. Step into the main floor, where you'll find two bedrooms and full bathroom. The heart of the home lies in the cozy kitchen which is seamlessly connected to the inviting living room, creating an ideal space for gatherings and relaxation. Venture downstairs to discover the finished basement, boasting two additional bedrooms and convenient walkout access, inviting natural light into the living spaces it offers. A dedicated laundry room and utility room enhance practicality and organization, ensuring a seamless flow of daily life. Outside, a quaint deck offers moments of tranquility amidst the serene surroundings. With its modern amenities and appeal, this property offers a great spot for comfortable living all within a few years of age promising years of cherished memories. Set within a few short minutes to the historic cities of Gardiner and Hallowell while being less than 15 minutes to the amenities Augusta offers and interstate access to 295 and 95.

Key facts

• Easy access to town
• Walk-out to backyard
• Spacious lot

Tags

• WALK-OUT TO BACKYARD
• SPACIOUS LOT
• EASY ACCESS TO TOWN

Property features AI

Exterior

• Parking: Gravel parking; 11–20 parking spaces
• Utilities: Private well water; Private sewer / septic (septic design available); Electric with circuit breakers; Water heater tied to off heating system
• Home design: Single family residence; Built in 2018; One-and-a-half story style with living areas on first floor and finished basement
• Construction: Wood frame with vinyl siding; Pitched shingle roof; Built in 2018
• Exterior features: Deck; Rural zoning

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: Bedroom 1 in basement; Bedroom 2 on first floor; Bedroom 3 on first floor
• Flooring: Carpet; Laminate; Vinyl; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Hot water heating
• Interior features: 7 total rooms; Finished basement with interior entry (partial finish)
• Laundry & utility: Washer; Dryer; First-floor laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $315k.

Deal economics

• At list price, monthly cash flow is $-381 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $248k (21.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $202k (35.9% below list).
• Recommended offer: $202k (35.9% below list) — sets the bar for 1% rule.
• Cap rate 4.8% vs local median 2.7% in Hallowell — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#60 in ME) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• RSU 02 (rural): math 83% / reading 87% proficiency, ranked #52 of 112 in ME (top 46%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Richmond Middle School (math 77% / reading 82%, grade A+, #63 of 85 statewide, top 77%, 107 students, 36% FRL) — zoned schools at 36% FRL track the district average.
• Market conditions: 11 active listings in the ZIP; 460 units permitted in Kennebec County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $34k of equity ($2k loan paydown + $31k appreciation (10.0% local appreciation)).
• Kennebec County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$54k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($305k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $201,957 (35.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.64% ✗
• Cap rate: 4.84%
• Cash-on-cash: -5.18%
• DSCR: 0.77
• GRM: 13.0

CMA / ARV

• ARV (median comp): $292,536
• List price: $314,900
• Delta: 7.64%
• Verdict: FAIR
• Comps: 7 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.6%
• Equity multiple: 2.67×
• Total profit: $147,163
• Equity at exit: $283,687

10-year hold

• IRR: 18.7%
• Equity multiple: 6.13×
• Total profit: $452,256
• Equity at exit: $611,781

Cash invested: $88,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Maine: 41 Moderately Tenant-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

Portland has rent control referendum (2020); strong habitability; security deposit caps.

Methodology + full state rankings →

ZIP-level market 04344

• Home prices YoY: 7.0%
• Active inventory: 11
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $2,020 medium
• Mortgage (P&I): −$1,651
• Tax from tax record: −$194 /mo · $2,323/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$424
• Net cashflow: $-381

Break-even live

Break-even rent $2,501

Max offer price $247,648

Occupancy floor —

Sensitivity live

Price	-10% $-202	-5% $-292	+0% $-381	+5% $-470	+10% $-559
Rent	-10% $-540	-5% $-460	+0% $-381	+5% $-301	+10% $-221
Rate	-1.0pp $-222	-0.5pp $-301	base $-381	+0.5pp $-462	+1.0pp $-545

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $78,725
• Closing costs: $9,447
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-22
   days on market $314,900 Active 41 DOM
2. 2026-06-19
   days on market $314,900 Active 38 DOM
3. 2026-06-18
   days on market $314,900 Active 37 DOM
4. 2026-06-17
   days on market $314,900 Active 36 DOM
5. 2026-06-16
   days on market $314,900 Active 35 DOM
6. 2026-06-15
   days on market $314,900 Active 34 DOM
7. 2026-06-14
   days on market $314,900 Active 32 DOM
8. 2026-06-12
   days on market $314,900 Active 31 DOM
9. 2026-06-09
   days on market $314,900 Active 28 DOM
10. 2026-06-08
    days on market $314,900 Active 27 DOM
11. 2026-06-07
    pricedays on market $314,900 Active 26 DOM
12. 2026-06-05
    days on market $319,900 Active 23 DOM
13. 2026-06-03
    days on market $319,900 Active 22 DOM
14. 2026-06-02
    days on market $319,900 Active 21 DOM
15. 2026-06-01
    days on market $319,900 Active 20 DOM
16. 2026-05-31
    days on market $319,900 Active 19 DOM
17. 2026-05-30
    days on market $319,900 Active 18 DOM
18. 2026-05-12
    listed $319,900 Active 397-char remark
19. 2024-08-03
    status Pending 1101-char remark

    Show marketing remark (1101 chars)

    Back on market due to no fault of its own. Welcome to this charming home nestled on a private lot, offering both comfort and convenience. Step into the main floor, where you'll find two bedrooms and full bathroom. The heart of the home lies in the cozy kitchen which is seamlessly connected to the inviting living room, creating an ideal space for gatherings and relaxation. Venture downstairs to discover the finished basement, boasting two additional bedrooms and convenient walkout access, inviting natural light into the living spaces it offers. A dedicated laundry room and utility room enhance practicality and organization, ensuring a seamless flow of daily life. Outside, a quaint deck offers moments of tranquility amidst the serene surroundings. With its modern amenities and appeal, this property offers a great spot for comfortable living all within a few years of age promising years of cherished memories. Set within a few short minutes to the historic cities of Gardiner and Hallowell while being less than 15 minutes to the amenities Augusta offers and interstate access to 295 and 95.

20. 2024-08-02
    soldstatus $290,000 Closed 1101-char remark

    Show marketing remark (1101 chars)

    Back on market due to no fault of its own. Welcome to this charming home nestled on a private lot, offering both comfort and convenience. Step into the main floor, where you'll find two bedrooms and full bathroom. The heart of the home lies in the cozy kitchen which is seamlessly connected to the inviting living room, creating an ideal space for gatherings and relaxation. Venture downstairs to discover the finished basement, boasting two additional bedrooms and convenient walkout access, inviting natural light into the living spaces it offers. A dedicated laundry room and utility room enhance practicality and organization, ensuring a seamless flow of daily life. Outside, a quaint deck offers moments of tranquility amidst the serene surroundings. With its modern amenities and appeal, this property offers a great spot for comfortable living all within a few years of age promising years of cherished memories. Set within a few short minutes to the historic cities of Gardiner and Hallowell while being less than 15 minutes to the amenities Augusta offers and interstate access to 295 and 95.

21. 2024-07-02
    historical Active Under Contract 1101-char remark

    Show marketing remark (1101 chars)

    Back on market due to no fault of its own. Welcome to this charming home nestled on a private lot, offering both comfort and convenience. Step into the main floor, where you'll find two bedrooms and full bathroom. The heart of the home lies in the cozy kitchen which is seamlessly connected to the inviting living room, creating an ideal space for gatherings and relaxation. Venture downstairs to discover the finished basement, boasting two additional bedrooms and convenient walkout access, inviting natural light into the living spaces it offers. A dedicated laundry room and utility room enhance practicality and organization, ensuring a seamless flow of daily life. Outside, a quaint deck offers moments of tranquility amidst the serene surroundings. With its modern amenities and appeal, this property offers a great spot for comfortable living all within a few years of age promising years of cherished memories. Set within a few short minutes to the historic cities of Gardiner and Hallowell while being less than 15 minutes to the amenities Augusta offers and interstate access to 295 and 95.

22. 2024-06-20
    price $289,900 1101-char remark

    Show marketing remark (1101 chars)

    Back on market due to no fault of its own. Welcome to this charming home nestled on a private lot, offering both comfort and convenience. Step into the main floor, where you'll find two bedrooms and full bathroom. The heart of the home lies in the cozy kitchen which is seamlessly connected to the inviting living room, creating an ideal space for gatherings and relaxation. Venture downstairs to discover the finished basement, boasting two additional bedrooms and convenient walkout access, inviting natural light into the living spaces it offers. A dedicated laundry room and utility room enhance practicality and organization, ensuring a seamless flow of daily life. Outside, a quaint deck offers moments of tranquility amidst the serene surroundings. With its modern amenities and appeal, this property offers a great spot for comfortable living all within a few years of age promising years of cherished memories. Set within a few short minutes to the historic cities of Gardiner and Hallowell while being less than 15 minutes to the amenities Augusta offers and interstate access to 295 and 95.

23. 2024-06-06
    status Active 1101-char remark

    Show marketing remark (1101 chars)

    Back on market due to no fault of its own. Welcome to this charming home nestled on a private lot, offering both comfort and convenience. Step into the main floor, where you'll find two bedrooms and full bathroom. The heart of the home lies in the cozy kitchen which is seamlessly connected to the inviting living room, creating an ideal space for gatherings and relaxation. Venture downstairs to discover the finished basement, boasting two additional bedrooms and convenient walkout access, inviting natural light into the living spaces it offers. A dedicated laundry room and utility room enhance practicality and organization, ensuring a seamless flow of daily life. Outside, a quaint deck offers moments of tranquility amidst the serene surroundings. With its modern amenities and appeal, this property offers a great spot for comfortable living all within a few years of age promising years of cherished memories. Set within a few short minutes to the historic cities of Gardiner and Hallowell while being less than 15 minutes to the amenities Augusta offers and interstate access to 295 and 95.

24. 2024-06-02
    historical Active Under Contract 1101-char remark

    Show marketing remark (1101 chars)

    Back on market due to no fault of its own. Welcome to this charming home nestled on a private lot, offering both comfort and convenience. Step into the main floor, where you'll find two bedrooms and full bathroom. The heart of the home lies in the cozy kitchen which is seamlessly connected to the inviting living room, creating an ideal space for gatherings and relaxation. Venture downstairs to discover the finished basement, boasting two additional bedrooms and convenient walkout access, inviting natural light into the living spaces it offers. A dedicated laundry room and utility room enhance practicality and organization, ensuring a seamless flow of daily life. Outside, a quaint deck offers moments of tranquility amidst the serene surroundings. With its modern amenities and appeal, this property offers a great spot for comfortable living all within a few years of age promising years of cherished memories. Set within a few short minutes to the historic cities of Gardiner and Hallowell while being less than 15 minutes to the amenities Augusta offers and interstate access to 295 and 95.

25. 2024-05-30
    price $299,900 1101-char remark

    Show marketing remark (1101 chars)

    Back on market due to no fault of its own. Welcome to this charming home nestled on a private lot, offering both comfort and convenience. Step into the main floor, where you'll find two bedrooms and full bathroom. The heart of the home lies in the cozy kitchen which is seamlessly connected to the inviting living room, creating an ideal space for gatherings and relaxation. Venture downstairs to discover the finished basement, boasting two additional bedrooms and convenient walkout access, inviting natural light into the living spaces it offers. A dedicated laundry room and utility room enhance practicality and organization, ensuring a seamless flow of daily life. Outside, a quaint deck offers moments of tranquility amidst the serene surroundings. With its modern amenities and appeal, this property offers a great spot for comfortable living all within a few years of age promising years of cherished memories. Set within a few short minutes to the historic cities of Gardiner and Hallowell while being less than 15 minutes to the amenities Augusta offers and interstate access to 295 and 95.

26. 2024-05-15
    listed $305,000 Active 1101-char remark

    Show marketing remark (1101 chars)

    Back on market due to no fault of its own. Welcome to this charming home nestled on a private lot, offering both comfort and convenience. Step into the main floor, where you'll find two bedrooms and full bathroom. The heart of the home lies in the cozy kitchen which is seamlessly connected to the inviting living room, creating an ideal space for gatherings and relaxation. Venture downstairs to discover the finished basement, boasting two additional bedrooms and convenient walkout access, inviting natural light into the living spaces it offers. A dedicated laundry room and utility room enhance practicality and organization, ensuring a seamless flow of daily life. Outside, a quaint deck offers moments of tranquility amidst the serene surroundings. With its modern amenities and appeal, this property offers a great spot for comfortable living all within a few years of age promising years of cherished memories. Set within a few short minutes to the historic cities of Gardiner and Hallowell while being less than 15 minutes to the amenities Augusta offers and interstate access to 295 and 95.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast ME · Partial reset (capped growth)

• Current annual tax: $2,323 · $194/mo
• Projected year-2 tax: $3,303 · $275/mo
• Expected delta: +$980/yr (+$82/mo · 42.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $24,235
• − Mortgage interest: −$17,639
• − Property taxes: −$2,323
• − Insurance: −$1,574
• − Repairs & maintenance: −$1,939
• − Management: −$1,939
• − Depreciation: −$9,161
• Taxable loss: −$10,340
• Est. tax savings @ 24.0%: +$2,482
• After-tax cash flow: $-2,087/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: RSU 02
• NCES district ID: 2314776
• Math proficiency: 83% ▲ 56.00%
• Reading proficiency: 87% ▲ 34.00%
• Median HH income: $52,565
• Composite: 72.04/100
• National rank: #208
• State rank: #52 of 112 in ME

Livability — Hallowell

• Score: 71/100
• State rank: #60
• US rank: #6567

Category grades

Amenities F Commute F Cost of living A- Crime A+ Employment C+ Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 2,570
• Population (ZIP): 3,001

Population outlook (Kennebec County) Hauer SSP2

• Today (2025): 115,421 people
• By 2030: 111,852 · -3.1%
• By 2040: 103,757 · -10.1%
• By 2050: 95,710 · -17.1%
• By 2075: 78,172 · -32.3%
• By 2100: 59,500 · -48.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Lithuanian 16% Slovak 6% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Other Indo-European 5% Spanish 1%

Political lean MEDSL · Kennebec

• 2024 margin: Toss-up / Even · D 47.5% · R 50.2% · Other 2.4%
• 2008→2024 swing: -17.5pp toward R · 2008: 14.8pp · 2024: -2.8pp
• All cycles: 2024: R+2.8 2020: D+0.2 2016: R+3.7 2012: D+13.5 2008: D+14.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 18.33%
• Current HPI: 281.8416
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+3.2% since first listed

10 events — show timeline

• 2026-06-05 Price Changed $314,900 MREIS
• 2026-05-12 Listed $319,900 MREIS
• 2024-08-03 Pending — MREIS
• 2024-08-02 Sold (MLS) $290,000 MREIS
• 2024-07-02 Contingent — MREIS
• 2024-06-20 Price Changed $289,900 MREIS
• 2024-06-06 Relisted — MREIS
• 2024-06-02 Contingent — MREIS
• 2024-05-30 Price Changed $299,900 MREIS
• 2024-05-15 Listed $305,000 MREIS

Property tax history

+21.2%/yr

Latest (2025): $2,323 · -3.1% YoY. Source: county tax records.