NOT LISTED FOR SALE

1 Loon Cove Palermo, ME 04354

Estimated Value: $594,000 - $744,761

3 Beds
1.5 Baths
1,700 Sq Ft
$394/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $530,000 $312 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,169/month

183 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Deck
  • 89 Feet of Waterfront
  • Cape Cod Architecture
  • Cathedral Ceiling

About This Home

As of May 2021

Impeccable waterfront year-round home on pristine Sheepscot Lake featuring 3 bedrooms, 1.5 baths, spectacular sunsets across the Cove, level waterfront access with dock and float. Also includes a 3 bedroom Carriage house with 4 bay garage, and 1.3 acres.

Last Agent to Sell the Property

William Sprague Jr

Sprague & Curtis Real Estate Brokerage Email: bill@spragueandcurtis.com Listed on: 03/31/2021

Last Buyer's Agent

Peter Mason

PO-GO REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,470

Year Built

  • Built in 1970

Lot Details

  • 1.3 Acre Lot
  • 89 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Street terminates at a dead end
  • Rural Setting
  • Level Lot
  • Open Lot
  • Property is zoned Shoreland

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 4 Car Detached Garage
  • Parking Storage or Cabinetry
  • Heated Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Home Security System

Kitchen

  • Electric Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Deeded Waterfront Access Rights
  • Docks
  • Deck

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Private Sewer

Community Details

  • Community Storage Space

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 1LoonCoveRoadPalermo04354

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,470

Year Built

Built in 1970

Lot Details

0

HOA Fees

$8 per month

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.3
  • Road Surface Type: Gravel
  • Water Body Name: Sheepscot
  • MLS Status: Closed
  • Directions: From Rt 3 - South on Turner Ridge Rd - Left on Gore Road - Left on East Shores Road - House at Lake
  • Above Grade Finished Sq Ft: 1700.0
  • Architectural Style: Cape, Multi-Level
  • Garage Yn: Yes
  • Year Built: 1970
  • Attribution Contact: bill@spragueandcurtis.com
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.3
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1700.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Security System: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 100.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 4.0
  • Kitchen Countertop:Granite: Yes
  • Amenities:One-Floor Living: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Bonus Room:Bonus Room: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Room Features:Wood Burning Fireplace29: Yes
  • Location:Rural: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 89.0
  • Water Info:Water Frontage Owned -: 89.0
  • Recreational Water:Deeded: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Vehicle Storage:Storage Above: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • View:Scenic: Yes
  • Vehicle Storage:Heated: Yes
  • Recreational Water:Dock: Yes
  • Bonus Room Amenities:Cathedral Ceiling13: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Dishwasher
  • Has Basement: Walk-Out Access, Full, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Near Town, Rural
  • View: Scenic
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Gravel, On Site, Garage Door Opener, Detached, Heated Garage, Storage

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Security: Security System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 100.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 56628.0
  • Parcel #: 1LoonCoveRoadPalermo04354
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 5470.0
  • Tax Book Number: 3966
  • Tax Lot: 38
  • Tax Map Number: D-2
  • Tax Year: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
May 28, 2021
Sold by
Lagueux Daniel R
Bought by
Flagg Jenny K and Flagg Nicholas A
Seller's Agent
William Sprague Jr
Sprague & Curtis Real Estate
Buyer's Agent
Peter Mason
PO-GO REALTY
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%
Current Estimated Value
$669,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,381
Avg. Annual Appreciation
5.50%
Original Mortgage
$424,000
Outstanding Balance
$388,577
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$277,197

Purchase Details

Listed on
Apr 22, 2013
Closed on
Jun 9, 2015
Sold by
Bengston John A and Dumont-Bengston Susan E
Bought by
Lagueux Daniel R
Seller's Agent
Bill Pickford
Camden Real Estate Company
Buyer's Agent
Bruce Burton
Bean Group
List Price
$495,000
Sold Price
$389,000
Premium/Discount to List
-$106,000
-21.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$389,000
Interest Rate
3.62%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flagg Jenny K -- None Available
Flagg Jenny K -- None Available
Lagueux Daniel R -- --
Lagueux Daniel R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flagg Jenny K $424,000
Closed Flagg Jenny K $424,000
Previous Owner Lagueux Daniel R $346,776
Previous Owner Lagueux Daniel R $389,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2022 11/05/22 Off Market $389,000 -- --
05/28/2021 05/28/21 Sold $530,000 +1.0% $312 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
09/28/2020 09/28/20 For Sale $525,000 +35.0% $309 / Sq Ft
06/05/2015 06/05/15 Sold $389,000 -21.4% $141 / Sq Ft
04/10/2015 04/10/15 Pending -- -- --
04/22/2013 04/22/13 For Sale $495,000 -- $179 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,246 $543,100 $125,300 $417,800
2023 $5,974 $543,100 $125,300 $417,800
2022 $5,648 $543,100 $125,300 $417,800
2021 $5,592 $405,200 $125,300 $279,900
2020 $5,470 $405,200 $125,300 $279,900
2019 $5,389 $405,200 $125,300 $279,900
2018 $5,146 $405,200 $125,300 $279,900
2017 $5,430 $405,200 $125,300 $279,900
2016 $5,349 $405,200 $125,300 $279,900
2015 $5,389 $405,200 $125,300 $279,900
2013 $4,759 $413,800 $125,300 $288,500
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    William Sprague Jr

    Sprague & Curtis Real Estate

  • Peter Mason

    Buyer's Agent in 2021

    Peter Mason

    PO-GO REALTY

    (207) 632-8822

    342 Total Sales

    Peter Mason
    Section Image

  • B

    Seller's Agent in 2015

    Bill Pickford

    Camden Real Estate Company

    (207) 542-9906

    83 Total Sales

    Bill Pickford
    Section Image

  • B

    Buyer's Agent in 2015

    Bruce Burton

    Bean Group

See All Agents

Map

Source: Maine Listings

MLS Number: 1470574

Maine Listings

APN: PALE-000002-000000-000038-D000000

Maine Waldo County Palermo 04354

1 Loon Cove, Palermo, ME

This home is located at 1 Loon Cove, Palermo, ME 04354 since 31 March 2021 and is currently estimated at $669,381, approximately $393 per square foot. This property was built in 1970. 1 Loon Cove is a home located in Waldo County.

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