Seller's Agent in 2020
Michelle Libby
Century 21 North East
(207) 749-4995
95 Total Sales
16 Coveside Rd Cumberland Foreside, ME 04110
Cumberland Foreside NeighborhoodEstimated Value: $1,635,000
5
Beds
3
Baths
5,530
Sq Ft
$296/Sq Ft
Est. Value
Highlights
- Beach Access
- Public Beach
- Tennis Courts
- Mabel I. Wilson School Rated A-
- Country Club
- The property is located in a historic district
About This Home
As of June 2020Set just off Route 88 on the Cumberland Foreside with Deeded beach rights & tennis courts in The Wildwood Association, this stately hip roof colonial is set on a large .92 of an acre with glorious groomed grounds. This home has it all..open, airy & bright living spaces as well as a theater room & gym. The airy and open first floor kitchen & sitting area has gorgeous wood burning fireplace. Escape into the den for quiet time to get that book finished! A formal living room, bright dining room & porch are all off the main living space on the first floor. Take the beautiful foyer staircase to the second floor & into your newly remodeled spa-like master bathroom and bedrooms and another space planned perfectly as an in-law or child care professional suite. This quintessential Maine waterside neighborhood on The Cumberland Foreside is one-of-a-kind! Sellers are offering a $25,000.00 credit for any updates you choose!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,137
Year Built
- Built in 1986
Lot Details
- 0.92 Acre Lot
- Property fronts a private road
- Public Beach
- Street terminates at a dead end
- Landscaped
- Interior Lot
- Level Lot
- Wooded Lot
- Property is zoned LDR
HOA Fees
- $17 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- Automatic Garage Door Opener
- Garage Door Opener
- Driveway
Home Design
- Colonial Architecture
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Clap Board Siding
- Concrete Perimeter Foundation
- Clapboard
Interior Spaces
- Built-In Features
- Coffered Ceiling
- Cathedral Ceiling
- 2 Fireplaces
- Wood Burning Fireplace
- Mud Room
- Family Room
- Formal Dining Room
- Home Office
- Library
- Sun or Florida Room
- Home Gym
- Views of Woods
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Electric Range
- Dishwasher
- Kitchen Island
- Granite Countertops
- Trash Compactor
- Disposal
- Fireplace in Kitchen
Flooring
- Wood
- Brick
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Walk-In Closet
- 3 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Soaking Tub in Primary Bathroom
- Soaking Tub
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
Eco-Friendly Details
- HERS Index Rating of 1 | Net Zero energy home
Outdoor Features
- Beach Access
- Tennis Courts
- Deck
- Enclosed Glass Porch
Location
- Property is near a golf course
- Suburban Location
- The property is located in a historic district
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Oil
- Heating System Uses Wood
- Baseboard Heating
- Hot Water Heating System
- Power Generator
- Water Heated On Demand
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number CMBL-000006-U000000-000091
Community Details
Overview
- Coveside $200. Wildwood $200. Subdivision
Amenities
- Community Storage Space
Recreation
- Country Club
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2019
Closed on
Jun 16, 2020
Sold by
Sarchi Christopher P and Sarchi Kristi H
Bought by
Fallon Caroline and Fallon John
Seller's Agent
Michelle Libby
Century 21 North East
Buyer's Agent
Kristina Keaney
Legacy Properties Sotheby's International Realty
List Price
$1,095,000
Sold Price
$990,000
Premium/Discount to List
-$105,000
-9.59%
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
$645,000
Avg. Annual Appreciation
10.07%
Original Mortgage
$990,000
Outstanding Balance
$881,426
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$753,574
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 |
|---|---|---|---|
| Fallon Caroline | -- | None Available | |
| Fallon Caroline | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fallon John M | $250,000 | |
| Open | Fallon Caroline | $990,000 | |
| Closed | Fallon Caroline | $990,000 | |
| Previous Owner | Sarchi Christopher P | $49,000 | |
| Previous Owner | Sarchi Christopher P | $600,000 | |
| Previous Owner | Sarchi Christopher P | $200,000 | |
| Previous Owner | Sarchi Christopher P | $100,000 | |
| Previous Owner | Sarchi Christopher P | $417,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2020 06/16/20 | Sold | $990,000 | -9.6% | $179 / Sq Ft |
| 05/12/2020 05/12/20 | Pending | -- | -- | -- |
| 10/07/2019 10/07/19 | For Sale | $1,095,000 | -- | $198 / 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 |
|---|---|---|---|---|
| 2023 | $16,347 | $738,000 | $236,500 | $501,500 |
| 2022 | $15,646 | $738,000 | $236,500 | $501,500 |
| 2021 | $15,166 | $738,000 | $236,500 | $501,500 |
| 2020 | $14,803 | $727,400 | $236,500 | $490,900 |
| 2019 | $14,078 | $709,200 | $236,500 | $472,700 |
| 2018 | $14,137 | $717,600 | $236,500 | $481,100 |
| 2017 | $13,491 | $717,600 | $236,500 | $481,100 |
| 2016 | $13,096 | $717,600 | $236,500 | $481,100 |
| 2015 | $12,989 | $717,600 | $236,500 | $481,100 |
| 2014 | $12,486 | $717,600 | $236,500 | $481,100 |
| 2013 | $12,199 | $717,600 | $236,500 | $481,100 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Libby
-
Kristina Keaney
K
Buyer's Agent in 2020
Kristina Keaney
Legacy Properties Sotheby's International Realty
(207) 756-0475
1 in this area
67 Total Sales
Map
Source: Maine Listings
MLS Number: 1435629
APN: CMBL-000006-U000000-000091
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