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    Property profile & analytics

    55 Spruce St Rumford, ME 04276-2065

    • Banks
    • 3,564 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Last Sale
    Apr 22, 2021
    Location Intelligence
    Property ID
    US42-0156480
    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

    • Banks

    Property Details for 55 Spruce St

    Year built
    1905
    Lot size
    0.38 lot acres
    Property size
    3,564 SF
    Zone code
    RESIDE
    Property type
    Banks
    APN
    RUMF M:121 L:018
    APU
    RUMFM121L018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $400,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $395,000
      Mixed-Use
      $405,000
      Hospitality
      $380,000
      Educational
      $330,000
      Residential Income
      $425,000
      Energy
      $335,000
      Income-Based Land
      $430,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Rumford
    County
    Oxford
    State
    Maine
    Longitude
    -70.552
    Latitude
    44.5443

    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
    $2,014
    $18,500
    $72,300
    $90,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $245,000
      2,538 SF

      121 Congress St

      FINANCIAL BUILDING • 2,538 SF
      121 Congress St, Rumford, ME 04276
      View Details
    • Value Estimation
      $365,000
      256 SF

      155 Congress St

      FINANCIAL BUILDING • 256 SF
      155 Congress St, Rumford, ME 04276-2031
      View Details
    • Value Estimation by Request
      2,340 SF

      551 Waldo St

      FINANCIAL BUILDING • 2,340 SF
      551 Waldo St, Rumford, ME 04276-1652
      View Details
    • Value Estimation
      $300,000
      2,340 SF

      113 York St

      FINANCIAL BUILDING • 2,340 SF
      113 York St, Rumford, ME 04276-1975
      View Details
    • Value Estimation
      $310,000
      2,590 SF

      1082 Rte 2nd 2

      FINANCIAL BUILDING • 2,590 SF
      1082 Rte 2nd 2, Rumford, ME 04276-3624
      View Details
    • Value Estimation by Request
      1.25 Acres

      116 Rumford Rd

      FINANCIAL BUILDING • 1.25 Acres
      116 Rumford Rd, Rumford, ME 04276-3001
      View Details

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    Rumford, ME 04276-2065
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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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