Seller's Agent in 2024
David Banks
RE/MAX
(207) 773-2345
40 in this area
1,012 Total Sales
16 Running Tide Rd Cape Elizabeth, ME 04107
Estimated Value: $5,038,000 - $7,027,000
5
Beds
4.5
Baths
5,347
Sq Ft
$1,157/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- 357 Feet of Waterfront
- Colonial Architecture
- Pond Cove Elementary School Rated A
- Finished Room Over Garage
- Deck
About This Home
As of March 2024Exquisitely renovated in 2016 and architecturally distinct, this coastal retreat rests on 357 feet of Maine's rocky coast line. Fully re-imagined by Waltman Architectural Design the residence is beautifully appointed with ocean views from nearly every room. The dining room offers bold ocean views through the curved bank of windows. The gourmet kitchen is equipped with top-of-the-line amenities including a Thermador appliance package, full height granite backsplash, tiger maple cabinetry and expansive island perfect for gathering in this serene space. The luxurious primary suite is a haven within the home. It features cathedral ceilings, allowing for an airy and spacious feel, as well as sliders to a private balcony. The spa-like bathroom offers a custom tile shower, an oversized vanity and custom built-ins. Allow your guests to visit comfortably with an additional en-suite bedroom above the garage and an in-law suite with full kitchen in the daylight, walk-out lower level. Extraordinary outdoor space is highlighted by wraparound decks, patios, and landscaping allowing for idyllic seaside entertainment. The newly installed engineered seawall has been designed to protect your investment for years to come. Along a highly coveted stretch of coast just south of Portland, Cape Elizabeth offers some of the finest properties in all of Maine. Minutes to various state parks, beaches, and Portland's world-class food and beverage scene, this is an exciting opportunity to soak up the very best of New England.
Last Buyer's Agent
David Banks
RE/MAX By The Bay
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $36,674
Year Built
- Built in 1970
Lot Details
- 0.77 Acre Lot
- 357 Feet of Waterfront
- Ocean Front
- Landscaped
- Open Lot
- Property is zoned RA
Parking
- 2 Car Direct Access Garage
- Finished Room Over Garage
- Heated Garage
- Driveway
Property Views
- Water
- Scenic Vista
Home Design
- Colonial Architecture
- Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Membrane Roofing
- Clap Board Siding
- Concrete Perimeter Foundation
- Clapboard
Interior Spaces
- Built-In Features
- Coffered Ceiling
- Cathedral Ceiling
- Wood Burning Fireplace
- Mud Room
- Family Room
- Living Room with Fireplace
- Formal Dining Room
- Sink in Utility Room
Kitchen
- Eat-In Kitchen
- Gas Range
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- Bedroom Suite
- In-Law or Guest Suite
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Partial Basement
- Interior Basement Entry
- Crawl Space
Outdoor Features
- Deeded Waterfront Access Rights
- Balcony
- Deck
- Patio
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Heat Pump System
- Power Generator
- Gas Water Heater
- Water Heated On Demand
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 44
- Assessor Parcel Number CAPE-038044U
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 19, 2019
Sold by
Paustenbach Dennis J
Bought by
16 Running Tide Llc
Current Estimated Value
Purchase Details
Listed on
Dec 22, 2015
Closed on
Sep 19, 2016
Sold by
3 Palms Design Build L
Bought by
Paustenbach Dennis J
Seller's Agent
David Banks
RE/MAX By The Bay
Buyer's Agent
David Banks
RE/MAX By The Bay
List Price
$2,595,000
Sold Price
$2,000,000
Premium/Discount to List
-$595,000
-22.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.95%
Original Mortgage
$590,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 21, 2009
Sold by
Moody James L and Moody Marjorie E
Bought by
3 Palms Design Build Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.28%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| 16 Running Tide Llc | -- | -- | |
| Paustenbach Dennis J | -- | -- | |
| 16 Running Tide Llc | -- | -- | |
| 3 Palms Design Build Llc | -- | -- | |
| 3 Palms Design Build Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Paustenbach Dennis J | $590,000 | |
| Previous Owner | 3 Palms Design Build Llc | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/08/2024 03/08/24 | Sold | $6,250,000 | 0.0% | $1,169 / Sq Ft | |
| 03/08/2024 03/08/24 | For Sale | $6,250,000 | +212.5% | $1,169 / Sq Ft | |
| 01/21/2024 01/21/24 | Pending | -- | -- | -- | |
| 09/16/2016 09/16/16 | Sold | $2,000,000 | -22.9% | $427 / Sq Ft | View Prior Sale |
| 07/10/2016 07/10/16 | Pending | -- | -- | -- | |
| 12/22/2015 12/22/15 | For Sale | $2,595,000 | -- | $554 / 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 | $54,259 | $4,932,600 | $3,440,300 | $1,492,300 |
| 2023 | $110,190 | $4,932,400 | $3,440,300 | $1,492,100 |
| 2022 | $34,722 | $1,641,700 | $924,700 | $717,000 |
| 2021 | $33,279 | $1,642,600 | $925,600 | $717,000 |
| 2020 | $32,721 | $1,642,600 | $925,600 | $717,000 |
| 2019 | $32,326 | $1,642,600 | $925,600 | $717,000 |
| 2018 | $31,242 | $1,642,600 | $925,600 | $717,000 |
| 2017 | $26,753 | $1,486,300 | $925,600 | $560,700 |
| 2016 | $26,070 | $1,486,300 | $925,600 | $560,700 |
| 2015 | $35,180 | $2,084,100 | $1,497,700 | $586,400 |
| 2013 | $33,929 | $2,084,100 | $1,497,700 | $586,400 |
Source: Public Records
Agents Affiliated with this Home
-
David Banks
Map
Source: Maine Listings
MLS Number: 1583696
APN: CAPE-038044U
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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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