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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

477 Webb Rd Oakland, ME 04963

3 Beds 3 Baths 1,462 sqft Built 2003
Last updated:  Nov 28, 2019

INVESTimate

$305,813

$292K - $320K

Price Est.

$1,573

$1.4K - $1.7K

Rent Est.

$321,348  ( +5.08%)   1 YR EST. FORECAST
  
  
  

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477 Webb Rd PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $209.17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,462 sqft
  • Baths : 2 Full 1 Half

477 Webb Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
JAMES H BEAN SCHOOL Primary Regular 345 24 6
MESSALONSKEE HIGH SCHOOL High Regular 783 55 8

JAMES H BEAN SCHOOL

  • Education Level: Primary
  • # of students: 345
  • # of teachers: 24
6
GreatSchools Rating

MESSALONSKEE HIGH SCHOOL

  • Education Level: High
  • # of students: 783
  • # of teachers: 55
8
GreatSchools Rating
 

Financial Details

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Neighborhood

OAKLAND

  • 7,278

    POPULATION
  • 3,003

    HOUSEHOLDS
  • 66.0%

    WHITE COLLAR

Neighborhood : OAKLAND

HOUSEHOLDS
3,003
POPULATION

7,278

17.8%Renters
82.2%Home Owners
LABOR FORCE

 

66.0%White Collar
34.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,573 per month.

MY RENT : $1,573 MEDIAN RENT : $1,100

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 2.5%
$900-999 21.0%
$1,000-1,499 46.0%
>=$1,500 30.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,573 would therefore be considered affordable for annual household incomes greater than $62,920 (12 months x 3.333 x $1,573).

Rent % Affordability
Above $500 82.4%
Above $700 70.7%
Above $1,100 54.2%
Above $1,500 42.8%
Above $1,900 32.9%
HOUSEHOLD INCOME RANGE

Approximately 873 of households in this neighborhood have a total annual income of $62,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,573 per month.

MINIMUM INCOME RANGE : $62,920

Income % Distribution
<$20K 17.6%
$20K-$35K 22.7%
$35K-$60K 16.8%
$60K-$100K 21.9%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 13.2%
10-14 mins 16.2%
15-19 mins 12.2%
20-29 mins 19.5%
30-44 mins 23.2%
45-59 mins 4.9%
>60 mins 5.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,573 per month.

MY RENT : $1,573 MEDIAN RENT : $1,100

Rent % Distribution
$500-699 0.0%
$700-899 2.5%
$900-999 21.0%
$1,000-1,499 46.0%
>=$1,500 30.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,573 would therefore be considered affordable for annual household incomes greater than $62,920 (12 months x 3.333 x $1,573).

Rent % Affordability
Above $500 82.4%
Above $700 70.7%
Above $1,100 54.2%
Above $1,500 42.8%
Above $1,900 32.9%
HOUSEHOLD INCOME RANGE

Approximately 873 of households in this neighborhood have a total annual income of $62,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,573 per month.

MINIMUM INCOME RANGE : $62,920

Income % Distribution
<$20K 17.6%
$20K-$35K 22.7%
$35K-$60K 16.8%
$60K-$100K 21.9%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 13.2%
10-14 mins 16.2%
15-19 mins 12.2%
20-29 mins 19.5%
30-44 mins 23.2%
45-59 mins 4.9%
>60 mins 5.5%

OAKLAND Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.4%
Educational Services 13.4%
Health Care & Social Assistance 21.9%
Manufacturing 8.8%
Public Administration 13.5%
Retail & Wholesale Trader 11.0%
Other 24.8%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 28% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 15.6%
15-19 8.1%
20-24 4.4%
25-44 21.5%
45-65 31.9%
66+ 18.5%
OCCUPATION

Occupation % Distribution
Construction 9.2%
Healthcare 18.3%
Management, Business, & Financial 20.8%
Natural Resources Maintenance 7.5%
Production & Transportation 14.6%
Sales & Office 16.1%
Other 13.5%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.2%
High School 33.4%
Masters Degree 5.8%
Some College 23.1%
Some High School 8.0%
Other 19.4%

477 Webb Rd Comps

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477 Webb Rd, Oakland, ME 04963 is a single family home of 1,462 sqft. HomeUnion INVESTimateĀ® for 477 Webb Rd includes a Price Estimate of $305,813 and a Rent Estimate of $1,573. This single family home has 3 bedrooms,3 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 6.17% and Total Return of 16.97%. The estimated 1 year forecast in home value for 477 Webb Rd is 5.08%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , KENNEBEC County , or the 04963 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 04901