NOT LISTED FOR SALE

23 Welch's Point Rd Winthrop, ME 04364

Estimated Value: $366,000 - $408,000

3 Beds
1.5 Baths
1,480 Sq Ft
$262/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $305,000 $206 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,372/month

11 Days on Market

Highlights

  • Lake Front
  • Nearby Water Access
  • Scenic Views
  • Winthrop Middle School Rated A-
  • Public Beach
  • Cape Cod Architecture

About This Home

As of September 2021

Beautiful year-round cottage perched above desirable Cobbossee Lake with lake access down your own private path between large white pine trees to a semi-public beach that abuts the property. Set out with kayaks to explore the lake from a sandy beach that allows you to walk easily into the lake just steps from your back door. Mooring a boat 200 feet off the beach is permitted. Cobbossee Lake has numerous islands, one featuring the only working inland lighthouse in Maine. Welch's Point Rd is a quiet no-thru traffic dead-end road. As you enter the home, you'll step into a spacious living room featuring original hardwood floors, a cathedral ceiling, and an incredible one-of-a-kind natural stone fireplace. The first floor boasts a sunny dining room, centrally located kitchen, full bathroom, primary bedroom with cathedral ceiling, laundry room, cozy reading nook, den, and a year-round sunroom with lake views. From the living room, climb the unique open stairway to a lofted sleeping area and additional second story bedroom with half bath. Step out the rear of the home and down a custom cascading deck into an expansive and private park-like yard. Two-car garage and plenty of room for additional parking, you'll find it easy to host friends and family such as yard games, cooking out, and making s'mores over the outdoor firepit. Equipped with multiple heat sources including dual heat pumps for heating and cooling. The 'Hide Away' has been rented this summer for $400 a night for weekly stays, and up to $6,000 per month has been offered for longer summer month rentals. Off-season rental offers average $3,000 a month. Sellers are willing to share marketing materials and booking information with interested buyers. Possible expansion permitted with the Town approval, large lot, public water/sewer. Furnishings other than the hanging art are negotiable with the sale. Gas-powered generator included. 1 minute to the boat launch and marina. 7 minutes to the highway. Steps to Cobbossee!

Last Agent to Sell the Property

Daniel Buckley

Keller Williams Realty Listed on: 07/22/2021

Keller Williams Realty

Last Buyer's Agent

Michelle Ridley

Realty of Maine

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,366

Year Built

  • Built in 1946

Lot Details

  • 0.81 Acre Lot
  • Lake Front
  • Public Beach
  • Street terminates at a dead end
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned GR & Shoreland

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Property Views

  • Scenic Vista
  • Woods

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,480 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Cathedral Ceiling
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Den
  • Loft
  • Sun or Florida Room

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Nearby Water Access
  • Property Near A Cove
  • Mooring
  • Deck
  • Enclosed Glass Porch

Location

  • Property is near a golf course

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heat Pump System
  • Pellet Stove burns compressed wood to generate heat
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number WINP-000053-000000-000043

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,366

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.81
  • Road Surface Type: Paved
  • Water Body Name: Cobbossee Lake
  • MLS Status: Closed
  • Directions: Turn onto Welch's Point Rd. Second house on the right.
  • Above Grade Finished Sq Ft: 1480.0
  • Architectural Style: Cape
  • Garage Yn: Yes
  • Year Built: 1946
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.81
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1480.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Seasonal
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Kitchen Countertop:Granite: Yes
  • Amenities:One-Floor Living: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Sunroom:Sunroom: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Recreational Water:Nearby: Yes
  • Roads:Dead End: Yes
  • View:TreesWoods: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Living Room Amenities:Cathedral Ceiling5: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • Room Features:Heat Stove29: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Amenities:Furniture Included: Yes
  • Laundry Room:Laundry Room: Yes
  • Den:Den: Yes
  • Living Room Amenities:Heat Stove5: Yes
  • Heat Fuel:Pellets: Yes
  • Basement Entry:Exterior Only: Yes
  • Loft:Loft: Yes
  • Recreational Water:Boat Mooring: Yes
  • Bedroom Amenities 2:Half Bath6: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, One-Floor Living, Other, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Near Golf Course, Near Public Beach, Near Turnpike/Interstate, Near Town
  • View: Scenic, Trees/Woods
  • Waterfront Features: Lake, Cove
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Patio And Porch Features: Deck, Glass Enclosed
  • Roof: Metal, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Garage Door Opener, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Stove, Hot Water, Heat Pump, Direct Vent Heater, Baseboard
  • 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: 35283.6
  • Parcel #: WINP-000053-000000-000043
  • Zoning: GR & Shoreland

Tax Info

  • Tax Annual Amount: 3366.0
  • Tax Book Number: 12788
  • Tax Lot: 43
  • Tax Map Number: 53
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2021
Closed on
Sep 16, 2021
Sold by
Jones Laura and Pettit Brandon
Bought by
Depaola Martha A and Erwin Shealia N
Seller's Agent
Daniel Buckley
Keller Williams Realty
Buyer's Agent
Michelle Ridley
Realty of Maine
List Price
$320,000
Sold Price
$305,000
Premium/Discount to List
-$15,000
-4.69%
Current Estimated Value
$387,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,482
Avg. Annual Appreciation
6.04%
Original Mortgage
$230,250
Outstanding Balance
$209,198
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$178,284

Purchase Details

Listed on
May 27, 2015
Closed on
Nov 30, 2017
Sold by
Roy Lawrence J and Roy Paulette F
Bought by
Jones Laura and Pettit Brandon
Seller's Agent
Christopher Vallee
Vallee Real Estate
Buyer's Agent
Jason Boucher
Bean Group
List Price
$189,900
Sold Price
$179,900
Premium/Discount to List
-$10,000
-5.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.90%
Original Mortgage
$170,905
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2007
Sold by
Parent Therese T Est
Bought by
Roy Paulette F and Roy Lawrence J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Depaola Martha A -- None Available
Jones Laura -- --
Roy Paulette F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Depaola Martha A $230,250
Previous Owner Jones Laura $170,905
Previous Owner Roy Paulette F $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2021 09/16/21 Sold $305,000 -4.7% $206 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $320,000 +77.9% $216 / Sq Ft
11/28/2017 11/28/17 Sold $179,900 -5.3% $146 / Sq Ft View Prior Sale
10/09/2017 10/09/17 Pending -- -- --
05/27/2015 05/27/15 For Sale $189,900 -- $154 / 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 $3,805 $164,700 $46,200 $118,500
2022 $3,549 $163,000 $46,200 $116,800
2021 $3,350 $163,000 $46,200 $116,800
2020 $3,366 $163,000 $46,200 $116,800
2019 $3,301 $163,000 $46,200 $116,800
2018 $2,985 $163,000 $46,200 $116,800
2017 $2,792 $163,000 $46,200 $116,800
2016 $2,582 $163,000 $46,200 $116,800
2015 $2,491 $163,000 $46,200 $116,800
2014 $2,491 $163,000 $46,200 $116,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1501735

Maine Listings

APN: WINP-000053-000000-000043