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    Property profile & analytics

    505 Somerset Ave Pittsfield, ME 04967-5774

    • Banks
    • 7.37 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US42-0024967
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sebasticook Valley Federal Credit Union / Federal Credit Union / Credit Union

    Property Details for 505 Somerset Ave

    Lot size
    7.37 lot acres
    Zone code
    BB
    Property type
    Banks
    APN
    PITD M:015 L:049
    APU
    PITDM015L049

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Somerset
    State
    Maine
    Longitude
    -69.4015
    Latitude
    44.7854

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,199
    $358,400
    $1,225,400
    $1,583,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $170,000
      2,186 SF

      282 Somerset Ave

      FINANCIAL BUILDING • 2,186 SF
      282 Somerset Ave, Pittsfield, ME 04967-4702
      View Details
    • Value Estimation by Request
      1,832 SF

      215 Hartland Ave

      FINANCIAL BUILDING • 1,832 SF
      215 Hartland Ave, Pittsfield, ME 04967-1165
      View Details
    • Value Estimation
      $230,000
      0.30 Acres

      167 Sebasticook St

      FINANCIAL BUILDING • 0.30 Acres
      167 Sebasticook St, Pittsfield, ME 04967-4107
      View Details
    • Value Estimation
      $290,000
      1,562 SF

      135 Bates St

      FINANCIAL BUILDING • 1,562 SF
      135 Bates St, Pittsfield, ME 04967-4118
      View Details
    • Value Estimation
      $245,000
      1,716 SF

      118 Manson St

      FINANCIAL BUILDING • 1,716 SF
      118 Manson St, Pittsfield, ME 04967-4345
      View Details
    • Value Estimation
      $330,000
      2,128 SF

      119 Noble Ct

      FINANCIAL BUILDING • 2,128 SF
      119 Noble Ct, Pittsfield, ME 04967-4935
      View Details

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    505 Somerset Ave
    Pittsfield, ME 04967-5774
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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