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71 Luce Lane, Hope, ME, 04847

1beds
--baths
280sqft
$475,000
$1,696price/sqft
$3,237/moest. monthly cost
$129,480/yrincome needed

About This Home

If you've been dreaming of your own private escape, this one is worth a look! Set on 9.59 acres, this charming cottage offers the perfect mix of relaxation and opportunity. Enjoy peaceful days on the 12x15 wood patio- ideal for entertaining or unwinding, then head down to Hobbs Pond via the ROW for swimming, kayaking, canoeing, or boating and fishing. Explore your own land with space to hike, build your dream home, or expand your vision. Keep the cottage as a rental for extra income or create the perfect guest retreat for family and friends. Endless possibilities, just in time for Summer!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
1
BikeSomewhat Bikeable

Schools

7/10
Hope Elementary SchoolGrades PK-82.5 mi

Construction

Condition

  • Year built: 2015

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Shingle
  • Construction materials: Wood Frame,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Refrigerator

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1

Features

  • 1st Floor Bedroom
  • Flooring: Wood
  • Finished area below ground: 0
  • Finished area above ground: 280

Heating & Cooling

  • Heating features: None
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 280
  • Total interior livable area: 280 sqft

Other

  • Level: First

Property

Details

  • Parcel number: HPPE000015000000000048
  • Zoning: Rural Residential

Features

  • Patio & porch: Patio
  • Has view: Yes
  • View description: Mountain(s),Scenic,Trees/Woods
  • On waterfront: Yes
  • Waterbody name: Hobbs Pond
  • Frontage length: Waterfrontage: 25,Waterfrontage Owned: 25,Waterfrontage Shared: 25

Lot

  • Lot size: 9.59 Acres
  • Features: Right of Way,Rolling Slope,Wooded

Parking

  • Parking features: Common,Gravel,1 - 4 Spaces,On Site,Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Ice Storm
    Ice StormRelatively High
  • Hurricane
    HurricaneModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Ice Storm
Hurricane
Landslide
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,401$28,812
Home Insurance $165$1,980
Property Taxes $427$5,124
Electricity $244$2,930
Total$3,237$38,844

Income You'd Need if You Spent...

35% on housing$110,982/yr
40% on housing$97,110/yr
45% on housing$86,320/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,696This listing

vs Other Active Listings

Avg $/sqft

ZIP 04847$208
Knox County$327

vs Homes Sold Last Month

Median $/sqft

ZIP 04847
Knox County$264

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-21Listed for sale$510,000

For Sale by Agent

AgentJaime Fish Connell
BrokerageERA Dawson-Bradford Co.

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