NOT LISTED FOR SALE

18 Cottage Ln Cape Elizabeth, ME 04107

Estimated Value: $2,704,000 - $6,658,000

6 Beds
6.5 Baths
5,398 Sq Ft
$836/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $6,032,000 $1,117 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $29,702/month

4 Days on Market

Highlights

  • 128 Feet of Waterfront
  • Beach Access
  • Soaking Tub in Primary Bathroom
  • Pond Cove Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of December 2021

A timeless Maine masterpiece with one of the most dramatic views of Casco Bay. Designed by the illustrious Joe Waltman, this iconic 2017 estate offers 5,398 square feet of living space over three levels. The main house features four bedrooms each with ensuite baths. The gourmet kitchen boasts Italian Carrara marble countertops, Viking appliances and breathtaking ocean views. The lower level has walk-out access to the backyard and is home to a large theatre and fitness area as well as an additional full bathroom. Separate guest quarters over the four car garage provide a living room, dining area, kitchen, two bedrooms, one bath and a deck overlooking the water. Additional amenities include a splash pool with a power retractable cover, heated driveway and 128kw whole home generator. The property overlooks Casino Beach, Cape Elizabeth's exclusive neighborhood sandy beach, privately accessed by granite steps that lead from the back yard down to the beach. This is a very unique opportunity all within close proximity to downtown Portland.

Last Agent to Sell the Property

David Banks

RE/MAX By The Bay Listed on: 11/13/2021

RE/MAX By The Bay

Last Buyer's Agent

David Banks

RE/MAX By The Bay

RE/MAX By The Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,664

Year Built

  • Built in 2017

Lot Details

  • 0.7 Acre Lot
  • 128 Feet of Waterfront
  • Ocean Front
  • Landscaped
  • Level Lot
  • Property is zoned RC

Parking

  • 4 Car Direct Access Garage
  • Heated Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Home Design

  • Cottage
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Water Views
  • Laundry on upper level

Kitchen

  • Gas Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • Soaking Tub in Primary Bathroom
  • Soaking Tub
  • Separate Shower

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Beach Access
  • Deep Water Access
  • Balcony
  • Deck

Location

  • Suburban Location

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Gas Water Heater
  • Water Heated On Demand

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number CAPE-005034U

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,664

Year Built

Built in 2017

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.7
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: Shore Road to Cottage Lane. House is on the left, #18.
  • Above Grade Finished Sq Ft: 4445.0
  • Architectural Style: Cottage, Shingle Style
  • Garage Yn: Yes
  • Year Built: 2017
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.7
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 4445.0
  • Property Information:SqFt Finished Below Grade: 953.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Dishwasher: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Water Heater:On Demand: Yes
  • Property Information:Garage Spaces: 4.0
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Gas:Natural - On Site: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Primary Bedroom Amenities:Walk-in Closet6: Yes
  • Room Features:Island2: Yes
  • Room Features:Walk-in Closet17: Yes
  • Location:Suburban: Yes
  • Heat System:Multi-Zones: Yes
  • Appliances Included:Cooktop: Yes
  • Recreational Water:Oceanfront: Yes
  • Primary Bedroom Amenities:Soaking Tub6: Yes
  • Room Features:Soaking Tub17: Yes
  • Water Info:Waterfront Amount -: 128.0
  • Water Info:Water Frontage Owned -: 128.0
  • Recreational Water:Waterfront Deep: Yes
  • Style:Cottage: Yes
  • Family Room:Family Room: Yes
  • Appliances Included:Gas Range: Yes
  • Amenities:In-Law Apartment: Yes
  • Vehicle Storage:Heated: Yes
  • Primary Bedroom Amenities:BalconyDeck6: Yes
  • Room Features:BalconyDeck17: Yes
  • Style:Shingle Style: Yes
  • Recreational Water:Beach Rights: Yes
  • Primary Bedroom Amenities:Separate Shower6: Yes
  • Room Features:Separate Shower17: Yes
  • Room Features:Gas Fireplace29: Yes
  • Family Room Amenities:Gas Fireplace9: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Cooktop
  • Has Basement: Walk-Out Access, Daylight, Finished, Full, Interior Entry, Unfinished
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 953.0
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Walk-in Closets, 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, In-Law Floorplan, Pantry
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Landscaped, Near Town, Neighborhood, Suburban
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: 5 - 10 Spaces, Paved, Garage Door Opener, Inside Entrance, Heated Garage

Utilities

  • Laundry Features: Upper Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Heat Pump, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 30492.0
  • Parcel #: CAPE-005034U
  • Zoning: RC

Tax Info

  • Tax Annual Amount: 44664.0
  • Tax Book Number: 34513
  • Tax Lot: 34
  • Tax Map Number: U05
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2019
Sold by
Cottage Brook Llc
Bought by
Nikcevich Jon M and Nikcevich Liisa M
Current Estimated Value
$4,510,684

Purchase Details

Listed on
Aug 23, 2017
Closed on
Dec 7, 2017
Sold by
Cornfield Llc
Bought by
Jjm Ft and Morgese
Seller's Agent
Duncan MacDougall
RE/MAX Shoreline
Buyer's Agent
David Banks
RE/MAX By The Bay
List Price
$2,900,000
Sold Price
$2,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%

Purchase Details

Listed on
Jun 3, 2016
Closed on
Nov 4, 2016
Sold by
Justine Zappia Ret and Zappia
Bought by
Cornfield Llc
Seller's Agent
Anne Bosworth
Legacy Properties Sotheby's International Realty
Buyer's Agent
Duncan Macdougall
RE/MAX Shoreline
List Price
$1,375,000
Sold Price
$1,190,000
Premium/Discount to List
-$185,000
-13.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
126.42%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nikcevich Jon M -- --
Nikcevich Jon M -- --
Jjm Ft -- --
Jjm Ft -- --
Cornfield Llc -- --
Cornfield Llc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $6,032,000 +0.6% $1,117 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $5,995,000 +106.7% $1,111 / Sq Ft
12/06/2017 12/06/17 Sold $2,900,000 0.0% $642 / Sq Ft
08/23/2017 08/23/17 For Sale $2,900,000 +143.7% $642 / Sq Ft
08/22/2017 08/22/17 Pending -- -- --
11/04/2016 11/04/16 Sold $1,190,000 -13.5% $308 / Sq Ft
09/11/2016 09/11/16 Pending -- -- --
06/03/2016 06/03/16 For Sale $1,375,000 -- $355 / 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 $61,492 $5,590,200 $2,246,400 $3,343,800
2023 $124,885 $5,590,200 $2,246,400 $3,343,800
2022 $47,423 $2,242,200 $1,305,600 $936,600
2021 $45,427 $2,242,200 $1,305,600 $936,600
2020 $44,665 $2,242,200 $1,305,600 $936,600
2019 $44,126 $2,242,200 $1,305,600 $936,600
2018 $42,647 $2,242,200 $1,305,600 $936,600
2017 $28,093 $1,560,700 $1,305,600 $255,100
2016 $26,147 $1,490,700 $1,305,600 $185,100
2015 $25,163 $1,490,700 $1,305,600 $185,100
2013 $24,269 $1,490,700 $1,305,600 $185,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1514649

Maine Listings

APN: CAPE-005034U