Seller's Agent in 2020
Michelle Libby
Century 21 North East
(207) 749-4995
1 in this area
99 Total Sales
16 Coveside Rd Cumberland Foreside, ME 04110
Cumberland Foreside NeighborhoodEstimated Value: $1,389,000 - $1,845,000
5
Beds
3
Baths
5,530
Sq Ft
$294/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%
Total Days on Market
217
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
$634,240
Avg. Annual Appreciation
10.68%
Original Mortgage
$990,000
Outstanding Balance
$887,188
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$737,052
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
66 Total Sales
Map
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Source: Maine Listings
MLS Number: 1435629
APN: CMBL-000006-U000000-000091
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