NOT LISTED FOR SALE

179 Ocean House Rd Cape Elizabeth, ME 04107

-- Bed
4 Baths
4,000 Sq Ft
0.72 Acres

Last Sold October 18, 2019

Last sale price $659,000 $165 Per Sq Ft

8 Days on Market

Highlights

  • Barn
  • Public Beach
  • New Englander Architecture
  • Pond Cove Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of October 2019

Great investment, well maintained, & rarely available Cape Elizabeth 4 unit! Great rental history with plenty of income potential. One 3 bedroom unit, Two 2 bedroom units and one 1 bedroom unit on a 3/4 acre lot with large barn, plenty of parking and endless possibilities.

Last Agent to Sell the Property

James McFarlane

Portside Real Estate Group Listed on: 08/05/2019

Last Buyer's Agent

Teri Ouellette

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,112

Year Built

  • Built in 1900

Lot Details

  • 0.72 Acre Lot
  • Public Beach
  • Level Lot
  • Open Lot

Parking

  • 23 Car Garage
  • Driveway

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 4,000 Sq Ft Home
  • Wood Flooring

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater

Additional Features

  • Property is near a golf course
  • Barn

Listing and Financial Details

  • Tax Lot 009
  • Assessor Parcel Number CAPE-024009U

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $24,884
  • Gross Income $63,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,112

Year Built

Built in 1900

Lot Details

0

Parking

23

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.72
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Ocean Street/77 towards Cape Elizabeth. #179 Ocean House Road is on the right at intersection with Mitchell Road.
  • Above Grade Finished Sq Ft: 4000.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.72
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4000.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Property Information:Garage Spaces: 23.0
  • Exterior:Vinyl Siding: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 63300.0
  • Income Expenses Operating Expenses: 24884.0
  • Location:Near Public Beach: Yes
  • Water Heater:Oil2: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Other Structures Barn2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Only
  • Full Bathrooms: 4
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Public Beach, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Other Structures: Barn
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 23.0
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 31363.2
  • Parcel #: CAPE-024009U
  • Zoning: RC

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 63300.0
  • Annual Operating Expense: 24884.0

Tax Info

  • Tax Annual Amount: 7112.0
  • Tax Book Number: 33153
  • Tax Lot: 009
  • Tax Map Number: U24
  • Tax Year: 18

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $659,000 +4.6% $165 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
08/05/2019 08/05/19 For Sale $629,900 +21.1% $157 / Sq Ft
05/31/2016 05/31/16 Sold $520,000 -14.8% $125 / Sq Ft
03/26/2016 03/26/16 Pending -- -- --
10/23/2015 10/23/15 For Sale $610,000 -- $146 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James McFarlane

    Seller's Agent in 2019

    James McFarlane

    Portside Real Estate Group

    (207) 712-4737

    104 in this area

    174 Total Sales

    James McFarlane
    Section Image

  • T

    Buyer's Agent in 2019

    Teri Ouellette

    Keller Williams Realty

    (207) 671-2408

    1 in this area

    116 Total Sales

    Teri Ouellette
    Section Image
  • Jeffrey Mateja

    Seller's Agent in 2016

    Jeffrey Mateja

    Keller Williams Realty

    (207) 879-9800

    7 in this area

    969 Total Sales

    Jeffrey Mateja
    Section Image

  • L

    Buyer's Agent in 2016

    Laurie Roberge

    The Real Estate Store

See All Agents

Map

Source: Maine Listings

MLS Number: 1427840

Maine Listings

Maine Cumberland County Cape Elizabeth 04107

179 Ocean House Rd, Cape Elizabeth, ME

This home is located at 179 Ocean House Rd, Cape Elizabeth, ME 04107 since 05 August 2019. This property was built in 1900. 179 Ocean House Rd is a home located in Cumberland County with nearby schools including Pond Cove Elementary School, Cape Elizabeth Middle School, and Cape Elizabeth High School.

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