$450,000
SOLD SEP 14, 2017

2 Broad Cove Way Cumberland Foreside, ME 04110

3 Beds
2 Baths
1,960 Sq Ft
0.78 Acres

Recently Sold

$230 Per Sq Ft

20% Below List Price

36 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Ranch Style House
  • Mabel I. Wilson School Rated A-
  • Country Club
  • Wood Flooring

About This Home

As of July 2018

Enjoy single level living with water views on Cumberland Foreside. This home is situated on a large level lot and gets magnificent light.

Last Agent to Sell the Property

Susan Moody

Prime Properties of Southern Maine, LLC Listed on: 07/19/2017

Co-Listed By

Douglas Maines

Prime Properties of Southern Maine, LLC

Last Buyer's Agent

Luke Morong

RE/MAX By The Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,693

Year Built

  • Built in 1968

Lot Details

  • 0.78 Acre Lot
  • Ocean Front
  • Property fronts a private road
  • Public Beach
  • Corner Lot
  • Level Lot
  • Open Lot
  • Property is zoned LDR

Property Views

  • Water
  • Scenic Vista

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,960 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Formica Countertops
  • Laundry on main level

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot B17
  • Assessor Parcel Number 2broadcovewaycumberland04110

Community Details

Overview

  • No Home Owners Association

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,693

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.78
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • Co List Office Mls Id: 2740
  • Co List Office Phone: 207-415-2979
  • MLS Status: Closed
  • Directions: Rt. 88, Cumberland Foreside, to Broad Cove Way, near Yarmouth town line.
  • Above Grade Finished Sq Ft: 1960.0
  • Architectural Style: Ranch
  • Year Built: 1968
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.78
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1960.0
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Roads:Private: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Sunroom:Sunroom: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Exterior:Brick: Yes
  • Water Heater:Heat Pump2: Yes
  • Roof:Fiberglass: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Near Golf Course, Near Public Beach, Near Shopping
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Other, Brick, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Fiberglass, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones
  • 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: 33976.8
  • Parcel #: 2broadcovewaycumberland04110
  • Zoning: LDR

Tax Info

  • Tax Annual Amount: 8693.0
  • Tax Book Number: 34028
  • Tax Lot: B17
  • Tax Map Number: U06
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2018
Closed on
Jul 16, 2018
Sold by
Morong Luke W
Bought by
Coffin Melissa K and Coffin Samuel
Seller's Agent
David Banks
RE/MAX By The Bay
Buyer's Agent
Elizabeth Ducas
Waypoint Brokers Collective
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Current Estimated Value
$1,359,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$574,490
Avg. Annual Appreciation
7.42%
Original Mortgage
$741,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 19, 2017
Closed on
Sep 15, 2017
Sold by
Diane S Nichols Ret
Bought by
Morong Luke W
Seller's Agent
Susan Moody
Prime Properties of Southern Maine, LLC
Buyer's Agent
Luke Morong
RE/MAX By The Bay
List Price
$560,000
Sold Price
$450,000
Premium/Discount to List
-$110,000
-19.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
95.50%

Purchase Details

Listed on
May 3, 2017
Closed on
May 24, 2017
Sold by
Riemann Helge G
Bought by
Diane S Nichols Ret
Seller's Agent
Judy George
Judy George Realty
Buyer's Agent
Susan Moody
Coldwell Banker Realty
List Price
$560,000
Sold Price
$530,000
Premium/Discount to List
-$30,000
-5.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-41.01%

Purchase Details

Closed on
Apr 23, 2014
Sold by
Mcgonagle William J and Mcgonagle Kathleen D
Bought by
Riemann Helge G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2009
Sold by
Mcgonagle William J
Bought by
Mcgonagle William J and Mcgonagle Kathleen D
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Credit Line Revolving
Closed $243,000 Stand Alone Refi Refinance Of Original Loan
Open $697,000 Stand Alone Refi Refinance Of Original Loan
Closed $741,000 Purchase Money Mortgage
Previous Owner $350,000 New Conventional
Previous Owner $180,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $785,000 -1.8% $366 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $799,000 +77.6% $373 / Sq Ft
09/14/2017 09/14/17 Sold $450,000 -19.6% $230 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
07/19/2017 07/19/17 For Sale $560,000 +5.7% $286 / Sq Ft
05/23/2017 05/23/17 Sold $530,000 -5.4% $265 / Sq Ft
05/06/2017 05/06/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $560,000 -- $280 / 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 $16,038 $689,800 $351,500 $338,300
2023 $13,516 $610,200 $351,500 $258,700
2022 $12,871 $607,100 $351,500 $255,600
2021 $12,476 $607,100 $351,500 $255,600
2020 $12,354 $607,100 $351,500 $255,600
2019 $11,981 $603,600 $351,500 $252,100
2018 $11,253 $571,200 $351,500 $219,700
2017 $9,069 $482,400 $351,500 $130,900
2016 $8,804 $482,400 $351,500 $130,900
2015 $10,134 $559,900 $383,500 $176,400
2014 $9,742 $559,900 $383,500 $176,400
2013 $9,518 $559,900 $383,500 $176,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1317640

Maine Listings

APN: CMBL-000006B-U000000-000017