$187,000
SOLD MAY 13, 2016

16 Cove Rd Fayette, ME 04349

2 Beds
1.5 Baths
900 Sq Ft
0.32 Acres

Recently Sold

$208 Per Sq Ft

11% Below List Price

107 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Contemporary Architecture
  • 100 Feet of Waterfront
  • Home fronts a pond
  • Wood Flooring

About This Home

As of April 2022

Very well-maintained contemporary right on Lovejoy Pond. Back lawn slopes down to the water for easy access for boat, canoe & fishing. Beautiful views of the pond. Efficient yet attractive interior with abundant windows to watch the outdoors during all 4 seasons from the comfort of your living room. Loft area at the top of the stairs as well as upstairs half-bath and bedroom. Sandy swimming area at waters edge. Additional .41 acre lot available for garage MLS #1246315.

Last Agent to Sell the Property

Kathy Lee Cook

Fontaine Family-The Real Estate Leader Listed on: 12/11/2015

Last Buyer's Agent

Ann Castonguay

Sprague & Curtis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,219

Year Built

  • Built in 2003

Lot Details

  • 0.32 Acre Lot
  • Home fronts a pond
  • 100 Feet of Waterfront
  • Dirt Road
  • Street terminates at a dead end
  • Rural Setting
  • Landscaped

Parking

  • Gravel Driveway

Property Views

  • Water
  • Woods

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 900 Sq Ft Home
  • Wood Flooring

Kitchen

  • Stove
  • Gas Range
  • Formica Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Sump Pump

Outdoor Features

  • Deeded Waterfront Access Rights
  • Docks
  • Shed

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Baseboard Heating
  • Private Water Source
  • Well
  • Gas Water Heater
  • Septic System
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 0118
  • Assessor Parcel Number 16CoveRoadFayetteMaine04349

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,219

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.32
  • Road Surface Type: Gravel
  • Water Body Name: Lovejoy Pond
  • MLS Status: Closed
  • Directions: Take Route 17 from Manchester west to Kents Hill. Stay on Route 17. Just past the Fayette town line take left onto Lovejoy Shores Drive. Cove Road is on the left. House is 1st on the left. Sign is in the front yard.
  • Above Grade Finished Sq Ft: 900.0
  • Architectural Style: Contemporary
  • Year Built: 2003
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.32
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 900.0
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Stove: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Heat Fuel:Electric: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Owned -: 100.0
  • Recreational Water:Deeded: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • View:TreesWoods: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Appliances Included:Gas Range: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Kitchen Countertop:Formica: Yes
  • Basement:Sump Pump: Yes
  • Recreational Water:Dock: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Gas Range
  • Has Basement: Full, Sump Pump, Exterior Entry, Bulkhead, Interior Entry
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Landscaped, Rural
  • View: Trees/Woods
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13939.2
  • Parcel #: 16CoveRoadFayetteMaine04349
  • Zoning: No

Tax Info

  • Tax Annual Amount: 3219.0
  • Tax Book Number: 6466
  • Tax Lot: 0118
  • Tax Map Number: U002
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2015
Closed on
May 16, 2016
Sold by
Michaud Victor G and Michaud Mary J
Bought by
Mcmorrow Norman S and Mcmorrow Audrey L
Seller's Agent
Kathy Lee Cook
Fontaine Family-The Real Estate Leader
Buyer's Agent
Ann Castonguay
Sprague & Curtis Real Estate
List Price
$210,000
Sold Price
$187,000
Premium/Discount to List
-$23,000
-10.95%
Current Estimated Value
$463,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,646
Avg. Annual Appreciation
11.05%
Original Mortgage
$149,600
Outstanding Balance
$120,558
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$369,907
Source: Public Records

Similar Home in Fayette, ME

  • 31 South Rd, Fayette, ME 04349

    $159,900

    • 2 Beds
    • 1 Bath
    • 1,170 Sq Ft
    • 31 South Rd
    • Fayette, ME

    Great opportunity with this fixer upper to build equity! Also could be a flip home for an investor. Great Location, Metal Roof, Gas & Wood heat! Move in ready at this price is very hard to find! Large 2 car garage as well!

    Steven Chicoine Keller Williams Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $149,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2022 04/14/22 Sold $405,000 +14.1% $450 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $355,000 +89.8% $394 / Sq Ft
05/13/2016 05/13/16 Sold $187,000 -11.0% $208 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
12/11/2015 12/11/15 For Sale $210,000 -- $233 / 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 $3,706 $273,900 $180,000 $93,900
2023 $3,657 $273,900 $180,000 $93,900
2022 $3,640 $273,900 $180,000 $93,900
2021 $4,051 $214,900 $128,100 $86,800
2020 $4,045 $214,600 $128,100 $86,500
2019 $4,024 $214,600 $128,100 $86,500
2018 $3,874 $214,600 $128,100 $86,500
2017 $3,541 $214,600 $128,100 $86,500
2016 $3,326 $214,600 $128,100 $86,500
2015 $3,240 $214,600 $128,100 $86,500
2014 $3,219 $214,600 $128,100 $86,500
2013 $2,951 $214,600 $128,100 $86,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1246263

Maine Listings

APN: FAYE-000002-000000-000018U