40 Formosa Ln, Boothbay, ME 04537 Property Records

Lincoln County and Boothbay Town property record for 40 Formosa Ln, Boothbay, ME 04537

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 881 sqft · built 1985
Lot Size	14.8 acres (647,737 sqft)
Owner	2 Individual Names on File
Last Sale	$490,000 (Jun 2015)
Tax Bill	$7,704 (2025)
Deeds & Mortgages	Jan 2020 Mortgage Jan 2020 Refinance
Flood Zone	Zone X (minimal risk)
APN	`BOOT M:R03 B:0028 L`

Property Details

APN / Parcel Number

Primary APN	`BOOT M:R03 B:0028 L`
Alternative APN	`2189`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Total Rooms	7 Rooms
Stories	2 Stories
Building Area	881 sqft Living Area
Gross Area	5,500 sqft

Exterior

Year Built	Built 1985
Effective Year Built	Effective 1985
Architectural Style	Cape Cod
Exterior Material	Wood Siding
Roof Type	Gable
Roof Material	Asphalt
Lot Area	647,737 sqft (14.8 acres)
Deck Area	Deck Area
Boat Access	Boat Access

Utilities, Heating & Cooling

Heating System	Hot Water
Heating Fuel	Gas

Location & Zoning

Account Number	2189
Street Address	40 FORMOSA LN
City	BOOTHBAY
State	ME
Zip	04537
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	GR/SZ
Legal Block	28
Jurisdiction	BOOTHBAY ME
Township / Civil Division	BOOTHBAY
Census Block Group	1
Census Block	1005
Census Tract	975800

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Listed Area	Within Arnold Trail to Quebec listed 1969 · 1 contributing resources · NRIS 69000018

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

40 Formosa Ln is owned by two individuals who bought it in June 2015.

Source: Lincoln County and Boothbay Town records, as of May 21, 2026

Owner of Record	2 Individual Names on File
Mailing Address	PO BOX 128, BOOTHBAY, ME 04537-0128
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Jan 29, 2020	Deed of Trust, Mortgage · Balloon Mortgage 1ST NATIONAL BANK
Jan 17, 2020	Deed of Trust, Mortgage · Stand-Alone Refinance 1ST NATIONAL BANK

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jun 23, 2015 · Amount on File
Deed Sale	Jun 23, 2015 · Amount on File
Deed Document Number	20154953
Deed Book / Page	4899 / 126
Record Updated	Sep 20, 2026

January 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BOOTHBAY ME
Property Address	40 FORMOSA LN, BOOTHBAY, ME 04537
Transaction Type	Mortgage
Record Updated	Jul 25, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0054850061
Date	Jan 29, 2020
Book Page	5485/61
Instrument	58092

Lender

Name	1ST NATIONAL BANK
Type	Bank

Agreement

Type	Balloon Mortgage
Amount	Amount on Record
Term	241 Months
Due	Feb 1, 2040

January 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BOOTHBAY ME
Property Address	40 FORMOSA LN, BOOTHBAY, ME 04537
Transaction Type	Mortgage
Record Updated	Jul 25, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0054810098
Date	Jan 17, 2020
Book Page	5481/98
Instrument	57806

Lender

Name	1ST NATIONAL BANK
Type	Bank

Agreement

Type	Stand-Alone Refinance
Amount	Amount on Record
Term	301 Months
Due	Feb 1, 2045

Tax Assessment & Valuation

The 2025 property tax bill for 40 Formosa Ln was $7,704, up 6.6% from the year before.

Source: Lincoln County and Boothbay Town assessment roll, as of May 21, 2026

Property Jurisdictions

Type	Name
State	Maine
County	Lincoln County
County Subdivision	Boothbay Town
Unified School District	Boothbay-Boothbay Harbor Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$7,704.00 (+6.6%)	$636,707 (-) Land $326,436 Building $310,271
2024	$7,227.00 (+12.94%)	$636,707 (-) Land $326,436 Building $310,271
2023	$6,399.00 (+8.07%)	$636,707 (-) Land $326,436 Building $310,271	$901,360
2022	$5,921.00	$636,707 Land $326,436 Building $310,271

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 40 Formosa Ln in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective April 16, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	7 in force
Nearby Flood Claims	3 (1978–2016)
Claims Outside the SFHA	1 of 3
Most Recent Claim	Mar 2016 · other causes

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 40 Formosa Ln is low, with a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · above 53% of Maine
Wildfire Likelihood	0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 25 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Fidium Fiber Fiber	2,000 / 2,000
Spectrum Cable	1,000 / 1,000

Cell Coverage

4G LTE (outdoors only), no 5G reported

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