Seller's Agent in 2021
Lorie Olson
Bearfoot Realty
(207) 890-3814
18 in this area
301 Total Sales
14 Thompson Ln Otisfield, ME 04270
Estimated Value: $508,000 - $859,363
3
Beds
2
Baths
1,200
Sq Ft
$570/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- Docks
- Wooded Lot
- 175 Feet of Waterfront
- Deck
- Ranch Style House
About This Home
As of October 2021Historic Maine Lakefront Cottage. Previously enjoyed by generations as a gathering place on the shore of Thompson Lake. Loons call as the locally-sourced stone fireplace warms the beautiful pine walls.
The cottage and the custom furniture create the perfect environment for folks to gather, laugh, linger, and enjoy the lakeside view. Beamed ceilings, year-round access, guest cottage, and striking panoramic views welcome you to this historic lodge. The water features sandy frontage, and a dock for accessible and enjoyable access. Drilled well, full foundation, paved driveway, and garage provide the comfort, convenience, and security of home. Thompson Lake is renowned for its water quality and great fishing.
12 miles of beauty, you will recognize this property as your perfect Maine get-a-way. Detached guest suite with bath guests or rental income.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,908
Year Built
- Built in 1952
Lot Details
- 1 Acre Lot
- 175 Feet of Waterfront
- Lake Front
- Dirt Road
- Lot Has A Rolling Slope
- Wooded Lot
- Property is zoned SL
Parking
- 1 Car Detached Garage
- Driveway
Property Views
- Water
- Scenic Vista
- Mountain
Home Design
- Ranch Style House
- Cottage
- Bungalow
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Clap Board Siding
- Clapboard
Interior Spaces
- 1,200 Sq Ft Home
- Furnished
- Coffered Ceiling
- Wood Burning Fireplace
- Living Room with Fireplace
- Den
- Wood Flooring
Kitchen
- Electric Range
- Formica Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Bathtub
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Dirt Floor
Outdoor Features
- Deeded Waterfront Access Rights
- Mooring
- Docks
- Deck
- Outbuilding
Utilities
- No Cooling
- Forced Air Zoned Heating System
- Heating System Uses Oil
- Baseboard Heating
- Natural Gas Not Available
- Private Water Source
- Well
- Electric Water Heater
- Private Sewer
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 001
- Assessor Parcel Number OTID-000003U-000000-000001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 30, 2021
Closed on
Oct 8, 2021
Sold by
Kehoe Peter A and Cantrell-Kehoe Mary L
Bought by
Rioux Luke S and Phoenix Cary
Seller's Agent
Lorie Olson
Bearfoot Realty
Buyer's Agent
Jason Bisson
Cottage & Co Real Estate
List Price
$799,900
Sold Price
$625,000
Premium/Discount to List
-$174,900
-21.87%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,682
Avg. Annual Appreciation
2.26%
Original Mortgage
$500,000
Outstanding Balance
$455,953
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$227,729
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rioux Luke S | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rioux Luke S | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/08/2021 10/08/21 | Sold | $625,000 | -21.9% | $521 / Sq Ft |
| 08/23/2021 08/23/21 | Pending | -- | -- | -- |
| 07/26/2021 07/26/21 | For Sale | $799,900 | -- | $667 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $7,037 | $396,478 | $321,500 | $74,978 |
| 2023 | $6,423 | $396,478 | $321,500 | $74,978 |
| 2022 | $5,808 | $396,478 | $321,500 | $74,978 |
| 2021 | $5,709 | $396,478 | $321,500 | $74,978 |
| 2020 | $5,908 | $396,478 | $321,500 | $74,978 |
| 2019 | $1,742 | $396,478 | $321,500 | $74,978 |
| 2018 | $2,040 | $396,478 | $321,500 | $74,978 |
| 2017 | $1,362 | $396,478 | $321,500 | $74,978 |
| 2016 | $5,313 | $396,478 | $321,500 | $74,978 |
| 2015 | $5,115 | $396,478 | $321,500 | $74,978 |
| 2014 | $4,758 | $396,478 | $321,500 | $74,978 |
Source: Public Records
Agents Affiliated with this Home
-
Lorie Olson
-
Jason Bisson
Buyer's Agent in 2021
Jason Bisson
Cottage & Co Real Estate
(207) 653-1188
1 in this area
170 Total Sales
Map
Source: Maine Listings
MLS Number: 1502299
APN: OTID-000003U-000000-000001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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