Seller's Agent in 2024
Brian Wickenden
Legacy Properties Sotheby's International Realty
(207) 975-9650
168 Total Sales
229 Otter Creek Ln Islesboro, ME 04848
Estimated Value: $2,313,000 - $2,750,000
4
Beds
4.5
Baths
3,500
Sq Ft
$725/Sq Ft
Est. Value
Highlights
- 500 Feet of Waterfront
- Deep Water Access
- Island Location
- Islesboro Central School Rated 9+
- 35.5 Acre Lot
- Contemporary Architecture
About This Home
As of September 2024This spectacular oceanfront home was constructed in 2002 in the tradition of a classic Islesboro cottage. Located on the north-western shore of the island near Seal Cove, the open and airy waterfront residence is situated on 35.5+/- acres of land protected by Islesboro Island Trust and features 500 +/- feet of shorefront with west facing views looking over Penobscot Bay and back to the Camden Hills. There is a fantastic and easily accessible private pebble beach area, and wide open views of the water. With first and second floor primary bedroom options, this four bedroom, four and a half bath home also includes beautiful gardens, open lawn, dramatic ledges, a large and inviting stone patio overlooking the ocean, and a screened porch. The home has been recently updated with a new roof, heat pumps added for heating and cooling, new generator and shed storage area, new stairwell down to the beach area, and it will convey fully furnished for your immediate enjoyment. Great basement with a second laundry area, and tons of easily accessible storage space. This is a beautiful and turn-key island home.
Last Agent to Sell the Property
Legacy Properties Sotheby's International Realty Listed on: 07/11/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,497
Year Built
- Built in 2002
Lot Details
- 35.5 Acre Lot
- 500 Feet of Waterfront
- Ocean Front
- Property fronts a private road
- Dirt Road
- Landscaped
- Open Lot
- Wooded Lot
- Property is zoned Shoreland
Parking
- Gravel Driveway
Property Views
- Water
- Scenic Vista
- Mountain
Home Design
- Contemporary Architecture
- Cottage
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Shingle Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,500 Sq Ft Home
- Furnished
- Built-In Features
- Vaulted Ceiling
- Wood Burning Fireplace
- Great Room
- Living Room with Fireplace
- 3 Fireplaces
- Dining Room
- Screened Porch
- Wood Flooring
Kitchen
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Walk-In Closet
- Dual Vanity Sinks in Primary Bathroom
- Soaking Tub in Primary Bathroom
- Soaking Tub
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Deep Water Access
- Balcony
- Patio
- Shed
Location
- Island Location
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Oil
- Heat Pump System
- Hot Water Heating System
- Power Generator
- Private Water Source
- Electric Water Heater
- Private Sewer
Community Details
- No Home Owners Association
- Community Storage Space
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number ISBR-000029-000000-000016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2024
Closed on
Sep 16, 2024
Sold by
Battista Michael A
Bought by
Looney Mary G and Looney Gregg E
Seller's Agent
Brian Wickenden
Legacy Properties Sotheby's International Realty
Buyer's Agent
William Warren
Warren Realty
List Price
$2,395,000
Sold Price
$2,295,000
Premium/Discount to List
-$100,000
-4.18%
Views
8
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
$243,972
Avg. Annual Appreciation
9.81%
Original Mortgage
$1,836,000
Outstanding Balance
$1,816,358
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$722,614
Purchase Details
Listed on
Sep 5, 2018
Closed on
Apr 6, 2019
Sold by
Zitzmann Margaret M
Bought by
Battista Michael A
Seller's Agent
Joseph Sortwell
LandVest, Inc.
Buyer's Agent
Brian Wickenden
Legacy Properties Sotheby's International Realty
List Price
$1,675,000
Sold Price
$1,345,000
Premium/Discount to List
-$330,000
-19.7%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$1,076,000
Interest Rate
4.3%
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 |
|---|---|---|---|
| Looney Mary G | $2,295,000 | None Available | |
| Looney Mary G | $2,295,000 | None Available | |
| Battista Michael A | -- | -- | |
| Battista Michael A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Looney Mary G | $1,836,000 | |
| Closed | Looney Mary G | $1,836,000 | |
| Previous Owner | Battista Michael A | $1,076,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $2,295,000 | -4.2% | $656 / Sq Ft | |
| 07/18/2024 07/18/24 | Pending | -- | -- | -- | |
| 07/11/2024 07/11/24 | For Sale | $2,395,000 | +78.1% | $684 / Sq Ft | |
| 04/12/2019 04/12/19 | Sold | $1,345,000 | -19.7% | $384 / Sq Ft | View Prior Sale |
| 02/09/2019 02/09/19 | Pending | -- | -- | -- | |
| 09/05/2018 09/05/18 | For Sale | $1,675,000 | -- | $479 / 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 | $22,174 | $1,863,400 | $945,000 | $918,400 |
| 2023 | $20,497 | $1,863,400 | $945,000 | $918,400 |
| 2022 | $20,446 | $1,135,900 | $417,000 | $718,900 |
| 2021 | $20,049 | $1,135,900 | $417,000 | $718,900 |
| 2020 | $19,310 | $1,135,900 | $417,000 | $718,900 |
| 2019 | $18,913 | $1,135,900 | $417,000 | $718,900 |
| 2018 | $19,591 | $1,198,200 | $479,300 | $718,900 |
| 2017 | $18,932 | $1,198,200 | $479,300 | $718,900 |
| 2016 | $18,860 | $1,198,200 | $479,300 | $718,900 |
| 2015 | $17,925 | $1,198,200 | $479,300 | $718,900 |
| 2014 | $16,932 | $1,395,900 | $558,400 | $837,500 |
| 2012 | $16,402 | $1,395,900 | $558,400 | $837,500 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Wickenden
-
William Warren
W
Buyer's Agent in 2024
William Warren
Warren Realty
(207) 734-8857
25 Total Sales
-
Joseph Sortwell
Seller's Agent in 2019
Joseph Sortwell
LandVest, Inc.
(207) 236-3543
106 Total Sales
Map
Source: Maine Listings
MLS Number: 1596445
APN: ISBR-000029-000000-000016
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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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