4 Hearthstone Dr · Kennebunk, ME 04043

$1,050,000

4 bd · 2.5 ba · 3,028 sqft · SingleFamily public records · 3 Days on market

Built 1989 0.93 ac lot $347/sqft · 25% above area Est $839k · 25% over

---

Why this score? — see what drove the F 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).

• Schools +8.0/10.0
• Livability +4.0/5.0
• Cash flow +3.6/30.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Classic colonial charm meets thoughtful modern updates in this beautifully maintained, pre-inspected home offering just over 3,000 square feet of living space. The recently renovated kitchen, completed within the last five years, features top-of-the-line appliances, timeless finishes, and a warm, inviting feel perfect for everyday living and entertaining alike. Elegant designer wallpaper adds character and sophistication to the recently updated mudroom, while the equally striking renovated first-floor 3/4 bath offers both style and convenience. Upstairs, you'll find four spacious bedrooms, including a serene primary suite complete with a soaking tub, walk-in closet, and radiant heated floors in the bath for added comfort. Second-floor laundry and central air conditioning add everyday ease and comfort throughout the home. A fifth bedroom on the first floor offers flexibility for guests, a home office, or multigenerational living. Sunlight pours into the bright and airy living room and family room positioned at the front of the home, while beautiful hardwood floors throughout enhance the home's classic colonial appeal. An irrigation system helps maintain the well-landscaped grounds with ease. Step outside to enjoy the private backyard retreat, where seasonal blooms create a truly picturesque setting. The spacious deck is ideal for relaxing, dining, or entertaining friends and family. Perfectly situated just steps from Kennebunk's beloved Bridle Path, you can enjoy scenic walks or bike rides all the way to the beach from your doorstep

Key facts

• 0.93 acre lot
• 2 garage spots
• Built 1989

Property features AI

Finance

• HOA & community: Part of River Bend Woods II

Exterior

• Parking: Detached or attached 2-car garage (2-car capacity)
• Utilities: Public water; Public sewer; Electric service with circuit breakers (CMP); Cable internet available; cable on site; Fuel delivered by CN Brown
• Home design: Colonial-style home; Tan exterior color; River Bend Woods II subdivision; Surveyed
• Construction: Built in 1989; Wood frame construction with wood siding; Architectural shingle roof; Concrete foundation
• Exterior features: Landscaped lot with sidewalks and walking trails nearby; Near paths, shopping, and schools; Paved driveway; Road frontage on association/paved/public road

Interior

• Kitchen: Kitchen (24 x 13); Dishwasher; Disposal; Exhaust hood; Microwave; Gas range; Refrigerator
• Bedrooms: First-floor bedroom (12 x 13); Second-floor master bedroom (17 x 13); Second-floor bedroom (12 x 10); Second-floor bedroom (13 x 12); Second-floor bedroom (9 x 11)
• Flooring: Hardwood floors; Ceramic tile
• Bathrooms: Two full bathrooms; One 3/4 bathroom
• Heating & cooling: Oil heat with hot air and radiant floor systems; Central air conditioning
• Interior features: Nine total rooms; Full unfinished basement with interior stairs, bulkhead access, concrete floor and insulation
• Laundry & utility: Dryer; Water heater (off boiler)

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $1.05M.

Deal economics

• At list price, monthly cash flow is $-3k ($-37k/yr) — negative.
• To cash-flow at today's rent, offer at most $501k (52.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $467k (55.5% below list).
• Recommended offer: $467k (55.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 79/100 on livability (#20 in ME, #2,049 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: cost of living D+, amenities F, commute F.
• RSU 21 (rural): math 91% / reading 94% proficiency, ranked #13 of 112 in ME (top 12%) — strong family-tenant draw, lease renewals of 3-5y typical; only 16% free/reduced lunch — higher-income household profile.
• Zoned schools: Kennebunk Elementary School (358 students, 9% FRL).
• Market conditions: 132 active listings in the ZIP; 1,386 units permitted in York County in 2024 (338 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $7k of loan paydown is wiped out by about $32k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 8y 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.
• Current owner paid $552k; list at $1.05M implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 63% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $467,056 (55.5% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.44% ✗
• Cap rate: 2.74%
• Cash-on-cash: -12.68%
• DSCR: 0.44
• GRM: 18.7

CMA / ARV

• ARV (median comp): $838,825
• List price: $1,050,000
• Delta: 25.18%
• Verdict: OVERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
23 Constitution Rd	0.46mi	4/2.5	3,481 (+15%)	21mo	$1,512,500	$435	36
12 Conservation Dr	0.74mi	3/2.5 (-1)	2,593 (-14%)	19mo	$1,099,000	$424	21

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -39.9%
• Equity multiple: -0.25×
• Total profit: $-368,238
• Equity at exit: $156,558

10-year hold

• IRR: -63.9%
• Equity multiple: -0.96×
• Total profit: $-576,319
• Equity at exit: $90,785

Cash invested: $294,000 (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 04043

• Home prices YoY: -21.4%
• Active inventory: 132
• Price-to-rent: 18.7×

Monthly cashflow live

• Estimated rent: $4,671 medium
• Mortgage (P&I): −$5,506
• Tax from tax record: −$853 /mo · $10,234/yr
• Insurance: −$438
• HOA: −$0
• Vacancy / Maint / Mgmt: −$981
• Net cashflow: $-3,107

Break-even live

Break-even rent $8,603

Max offer price $501,152

Occupancy floor —

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: $262,500
• Closing costs: $31,500
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-18
   status Pending 1557-char remark

   Show marketing remark (1557 chars)

   Classic colonial charm meets thoughtful modern updates in this beautifully maintained, pre-inspected home offering just over 3,000 square feet of living space. The recently renovated kitchen, completed within the last five years, features top-of-the-line appliances, timeless finishes, and a warm, inviting feel perfect for everyday living and entertaining alike. Elegant designer wallpaper adds character and sophistication to the recently updated mudroom, while the equally striking renovated first-floor 3/4 bath offers both style and convenience. Upstairs, you'll find four spacious bedrooms, including a serene primary suite complete with a soaking tub, walk-in closet, and radiant heated floors in the bath for added comfort. Second-floor laundry and central air conditioning add everyday ease and comfort throughout the home. A fifth bedroom on the first floor offers flexibility for guests, a home office, or multigenerational living. Sunlight pours into the bright and airy living room and family room positioned at the front of the home, while beautiful hardwood floors throughout enhance the home's classic colonial appeal. An irrigation system helps maintain the well-landscaped grounds with ease. Step outside to enjoy the private backyard retreat, where seasonal blooms create a truly picturesque setting. The spacious deck is ideal for relaxing, dining, or entertaining friends and family. Perfectly situated just steps from Kennebunk's beloved Bridle Path, you can enjoy scenic walks or bike rides all the way to the beach from your doorstep

2. 2026-05-18
   status Pending 1557-char remark

   Show marketing remark (1557 chars)

   Classic colonial charm meets thoughtful modern updates in this beautifully maintained, pre-inspected home offering just over 3,000 square feet of living space. The recently renovated kitchen, completed within the last five years, features top-of-the-line appliances, timeless finishes, and a warm, inviting feel perfect for everyday living and entertaining alike. Elegant designer wallpaper adds character and sophistication to the recently updated mudroom, while the equally striking renovated first-floor 3/4 bath offers both style and convenience. Upstairs, you'll find four spacious bedrooms, including a serene primary suite complete with a soaking tub, walk-in closet, and radiant heated floors in the bath for added comfort. Second-floor laundry and central air conditioning add everyday ease and comfort throughout the home. A fifth bedroom on the first floor offers flexibility for guests, a home office, or multigenerational living. Sunlight pours into the bright and airy living room and family room positioned at the front of the home, while beautiful hardwood floors throughout enhance the home's classic colonial appeal. An irrigation system helps maintain the well-landscaped grounds with ease. Step outside to enjoy the private backyard retreat, where seasonal blooms create a truly picturesque setting. The spacious deck is ideal for relaxing, dining, or entertaining friends and family. Perfectly situated just steps from Kennebunk's beloved Bridle Path, you can enjoy scenic walks or bike rides all the way to the beach from your doorstep

3. 2026-05-15
   listed $1,050,000 Active 1557-char remark

   Show marketing remark (1557 chars)

   Classic colonial charm meets thoughtful modern updates in this beautifully maintained, pre-inspected home offering just over 3,000 square feet of living space. The recently renovated kitchen, completed within the last five years, features top-of-the-line appliances, timeless finishes, and a warm, inviting feel perfect for everyday living and entertaining alike. Elegant designer wallpaper adds character and sophistication to the recently updated mudroom, while the equally striking renovated first-floor 3/4 bath offers both style and convenience. Upstairs, you'll find four spacious bedrooms, including a serene primary suite complete with a soaking tub, walk-in closet, and radiant heated floors in the bath for added comfort. Second-floor laundry and central air conditioning add everyday ease and comfort throughout the home. A fifth bedroom on the first floor offers flexibility for guests, a home office, or multigenerational living. Sunlight pours into the bright and airy living room and family room positioned at the front of the home, while beautiful hardwood floors throughout enhance the home's classic colonial appeal. An irrigation system helps maintain the well-landscaped grounds with ease. Step outside to enjoy the private backyard retreat, where seasonal blooms create a truly picturesque setting. The spacious deck is ideal for relaxing, dining, or entertaining friends and family. Perfectly situated just steps from Kennebunk's beloved Bridle Path, you can enjoy scenic walks or bike rides all the way to the beach from your doorstep

4. 2026-05-15
   listed $1,050,000 Active 1557-char remark

   Show marketing remark (1557 chars)

   Classic colonial charm meets thoughtful modern updates in this beautifully maintained, pre-inspected home offering just over 3,000 square feet of living space. The recently renovated kitchen, completed within the last five years, features top-of-the-line appliances, timeless finishes, and a warm, inviting feel perfect for everyday living and entertaining alike. Elegant designer wallpaper adds character and sophistication to the recently updated mudroom, while the equally striking renovated first-floor 3/4 bath offers both style and convenience. Upstairs, you'll find four spacious bedrooms, including a serene primary suite complete with a soaking tub, walk-in closet, and radiant heated floors in the bath for added comfort. Second-floor laundry and central air conditioning add everyday ease and comfort throughout the home. A fifth bedroom on the first floor offers flexibility for guests, a home office, or multigenerational living. Sunlight pours into the bright and airy living room and family room positioned at the front of the home, while beautiful hardwood floors throughout enhance the home's classic colonial appeal. An irrigation system helps maintain the well-landscaped grounds with ease. Step outside to enjoy the private backyard retreat, where seasonal blooms create a truly picturesque setting. The spacious deck is ideal for relaxing, dining, or entertaining friends and family. Perfectly situated just steps from Kennebunk's beloved Bridle Path, you can enjoy scenic walks or bike rides all the way to the beach from your doorstep

5. 2026-05-11
   historical $1,050,000 1557-char remark
6. 2018-11-06
   soldstatus $552,000 Sold

   Show marketing remark (985 chars)

   Classic Colonial located near the end of a cul de sac in a well established neighborhood of nice homes. 4 Hearthstone sits high up on its . 93 acre lot which features a private backyard and mature landscaping. There is plenty of room for family and friends to gather in this gracious home. A large, updated kitchen with gas cooktop and double wall ovens and adjacent dining area is an entertainers dream. For more formal gatherings, set the table in the dining room which features sliding doors out to the large back deck. The first floor plan is flexible and features a 1st floor BR, front office and a full bath close by. You will love the beautiful hardwood floors! Upstairs there are 4 generous sized BR's including a massive and luxurious master suite. The master features a wood burning fireplace, huge custom tiled bath, laundry and a walk in closet. Other notable features include a full basement, 2 car attached garage and lots of storage. Close to Kbunk Beaches and Downtown!

7. 2018-10-11
   status Pending

   Show marketing remark (985 chars)

   Classic Colonial located near the end of a cul de sac in a well established neighborhood of nice homes. 4 Hearthstone sits high up on its . 93 acre lot which features a private backyard and mature landscaping. There is plenty of room for family and friends to gather in this gracious home. A large, updated kitchen with gas cooktop and double wall ovens and adjacent dining area is an entertainers dream. For more formal gatherings, set the table in the dining room which features sliding doors out to the large back deck. The first floor plan is flexible and features a 1st floor BR, front office and a full bath close by. You will love the beautiful hardwood floors! Upstairs there are 4 generous sized BR's including a massive and luxurious master suite. The master features a wood burning fireplace, huge custom tiled bath, laundry and a walk in closet. Other notable features include a full basement, 2 car attached garage and lots of storage. Close to Kbunk Beaches and Downtown!

8. 2018-09-10
   listed $595,000 Active

   Show marketing remark (985 chars)

   Classic Colonial located near the end of a cul de sac in a well established neighborhood of nice homes. 4 Hearthstone sits high up on its . 93 acre lot which features a private backyard and mature landscaping. There is plenty of room for family and friends to gather in this gracious home. A large, updated kitchen with gas cooktop and double wall ovens and adjacent dining area is an entertainers dream. For more formal gatherings, set the table in the dining room which features sliding doors out to the large back deck. The first floor plan is flexible and features a 1st floor BR, front office and a full bath close by. You will love the beautiful hardwood floors! Upstairs there are 4 generous sized BR's including a massive and luxurious master suite. The master features a wood burning fireplace, huge custom tiled bath, laundry and a walk in closet. Other notable features include a full basement, 2 car attached garage and lots of storage. Close to Kbunk Beaches and Downtown!

ⓘ 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: $10,234 · $853/mo
• Projected year-2 tax: $12,257 · $1,021/mo
• Expected delta: +$2,023/yr (+$169/mo · 19.8%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥88°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 63% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $56,047
• − Mortgage interest: −$58,816
• − Property taxes: −$10,234
• − Insurance: −$5,250
• − Repairs & maintenance: −$4,484
• − Management: −$4,484
• − Depreciation: −$30,545
• Taxable loss: −$57,767
• Est. tax savings @ 24.0%: +$13,864
• After-tax cash flow: $-23,419/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 21
• NCES district ID: 2314773
• Math proficiency: 91% ▲ 34.00%
• Reading proficiency: 94% ▲ 20.00%
• Median HH income: $68,462
• Composite: 79.78/100
• National rank: #55
• State rank: #13 of 112 in ME

Livability — Kennebunk

• Score: 79/100
• State rank: #20
• US rank: #2049

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kennebunk, ME
• Population (ZIP): 11,692

Population outlook (York County) Hauer SSP2

• Today (2025): 209,961 people
• By 2030: 212,816 · +1.4%
• By 2040: 214,360 · +2.1%
• By 2050: 210,350 · +0.2%
• By 2075: 201,686 · -3.9%
• By 2100: 183,392 · -12.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 3% Two or more races 2% Asian 2%
• Common ancestry: Lithuanian 8% Slovak 5% Serbian 3%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 95% English-only · French/Haitian/Cajun 2% Spanish 2% German/W. Germanic 1%

Political lean MEDSL · York

• 2024 margin: D (+10.5) · D 54.3% · R 43.8% · Other 1.9%
• 2008→2024 swing: -10.1pp toward R · 2008: 20.5pp · 2024: 10.5pp
• All cycles: 2024: D+10.5 2020: D+12.6 2016: D+4.8 2012: D+16.4 2008: D+20.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.54%
• Current HPI: 398.495
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+76.5% since first listed

8 events — show timeline

• 2026-05-18 Pending — MREIS
• 2026-05-18 Pending — PrimeMLS
• 2026-05-15 Listed $1,050,000 MREIS
• 2026-05-15 Listed $1,050,000 PrimeMLS
• 2026-05-11 Coming Soon $1,050,000 PrimeMLS
• 2018-11-06 Sold (MLS) $552,000 MREIS
• 2018-10-11 Pending — MREIS
• 2018-09-10 Listed $595,000 MREIS

Property tax history

+4.5%/yr

Latest (2025): $10,234 · +7.1% YoY. Source: county tax records.