NOT LISTED FOR SALE

101 Lake Ave Gray, ME 04039

Estimated Value: $620,000 - $1,196,000

3 Beds
2 Baths
1,854 Sq Ft
$501/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $750,000 $405 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,668/month

32 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Boat Slip
  • Raised Ranch Architecture
  • 100 Feet of Waterfront
  • Deck
  • Wood Flooring

About This Home

As of November 2018

100ft OF PRIVATE WATER-FRONTAGE ON LITTLE SEBAGO LAKE. Have you dreamed of owning a home on a lake in Maine? Have you wished for a place where family and friends can come together to swim in the lake from your front-side, deep-water dock or hop in your boat for a sunset cruise or fishing trip? Imagine watching the sunsets in the evening while dining on your beautiful patio w/ elevated views of the water. Do you want a home where you can move in and start creating memories without the projects? Well, you have found the perfect place starting with fantastic views of the lake from almost every room in the home! This immaculate home has many upgrades such as a double-sided propane fireplace, radiant heat on the first floor, alarm system, generator hook-up, central vac & more. Being the last home on Lake Ave. has created a private and quiet setting. As for convenience, this fine home is 10 minutes from I-95 and 30 minutes from Portland. THE TOWN SAYS A GARAGE MAY BE ADDED.

Last Agent to Sell the Property

Kimberly Myers

Bean Group Listed on: 09/07/2018

Co-Listed By

Michael Drinan

Bean Group

Last Buyer's Agent

Suphi Turker

Keller Williams Realty

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,428

Year Built

  • Built in 2002

Lot Details

  • 0.41 Acre Lot
  • 100 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Rural Setting
  • Fenced
  • Landscaped
  • Lot Has A Rolling Slope
  • Property is zoned limited Residential

Property Views

  • Water
  • Scenic Vista

Home Design

  • Raised Ranch Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 1-Story Property
  • Central Vacuum
  • 1 Fireplace
  • Home Security System

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deep Water Access
  • Boat Slip
  • Deck
  • Patio
  • Shed

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Private Sewer
  • Internet Available

Listing and Financial Details

  • Legal Lot and Block 027 / 303
  • Assessor Parcel Number GRAY-000040-000303-000027

Community Details

Overview

  • No Home Owners Association
  • The community has rules related to deed restrictions

Amenities

  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,428

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.41
  • Road Frontage Type: Private
  • Water Body Name: Little Sebago
  • Co List Office Mls Id: 2484
  • Co List Office Phone: 207-774-4224
  • MLS Status: Closed
  • Directions: Route 202 to Campbell Shores Road to Lake Avenue, last home on the road. *** please note GPS does not always take you the correct way.
  • Above Grade Finished Sq Ft: 942.0
  • Architectural Style: Other Style, Raised Ranch
  • Garage Yn: No
  • Year Built: 2002
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.41
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 942.0
  • Property Information:SqFt Finished Below Grade: 912.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Fence: Yes
  • Amenities:Security System: Yes
  • Amenities:Storage: Yes
  • Roads:Private: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Radiant: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Location:Rural: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Owned -: 100.0
  • Recreational Water:Deeded: Yes
  • Recreational Water:Waterfront Deep: Yes
  • Water:Private2: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Yes
  • Appliances Included:Gas Range: Yes
  • Property Information:Bank Owned REO: No
  • View:Scenic: Yes
  • Water Info:Island3: No
  • Equipment:Central Vacuum: Yes
  • Style:Raised Ranch: Yes
  • Recreational Water:Boat Slip: Yes
  • Other Structures:Shed: 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: None

Interior Features

  • Appliances: Washer, Microwave, Gas Range, Dryer, Dishwasher
  • Has Basement: Daylight, Finished, Full, Walk-Out Access
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 912.0
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bathtub, One-Floor Living, Other, Shower, Storage
  • Full Basement: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Rolling Slope, Landscaped, Near Turnpike/Interstate, Near Town, Rural
  • View: Scenic
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Wood Siding, Clapboard, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 17859.6
  • Parcel #: GRAY-000040-000303-000027
  • Zoning: limited Residential

Tax Info

  • Tax Annual Amount: 5428.0
  • Tax Block: 303
  • Tax Book Number: 25491
  • Tax Lot: 027
  • Tax Map Number: 040
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2018
Closed on
Nov 27, 2018
Sold by
Welch Ryan M and Welch Christine M
Bought by
Battelli Chiara and Noonan Mark E
Seller's Agent
Kimberly Myers
Bean Group
Buyer's Agent
Suphi Turker
Keller Williams Realty
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%
Current Estimated Value
$928,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,854
Avg. Annual Appreciation
3.20%
Original Mortgage
$650,000
Outstanding Balance
$574,909
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$353,945

Purchase Details

Closed on
Sep 24, 2007
Sold by
Reeve Gail F and Reeve Henry Q
Bought by
Welch Ryan M and Welch Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.63%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Battelli Chiara -- --
Welch Ryan M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Battelli Chiara $650,000
Previous Owner Welch Ryan M $75,000
Previous Owner Welch Ryan M $278,365
Previous Owner Welch Ryan M $50,000
Previous Owner Welch Ryan M $289,300
Previous Owner Welch Ryan M $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2018 11/21/18 Sold $750,000 -3.2% $405 / Sq Ft
10/10/2018 10/10/18 Pending -- -- --
09/07/2018 09/07/18 For Sale $775,000 -- $418 / 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 $7,755 $799,500 $515,700 $283,800
2023 $6,922 $456,000 $257,800 $198,200
2022 $6,361 $456,000 $257,800 $198,200
2021 $6,373 $436,200 $257,800 $178,400
2020 $6,434 $436,200 $257,800 $178,400
2019 $6,434 $436,200 $257,800 $178,400
2018 $5,428 $407,700 $248,000 $159,700
2017 $4,910 $270,500 $164,400 $106,100
2016 $4,950 $270,500 $164,400 $106,100
2015 $4,923 $270,500 $164,400 $106,100
2014 $4,923 $270,500 $164,400 $106,100
2012 $4,277 $269,823 $163,740 $106,083
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1369040

Maine Listings

APN: GRAY-000040-000303-000027