K
Seller's Agent in 2024
Kristina Keaney
Legacy Properties Sotheby's International Realty
(207) 756-0475
28 in this area
67 Total Sales
24 Folly Cove Rd Yarmouth, ME 04096
Estimated Value: $2,228,000 - $2,531,030
4
Beds
3
Baths
3,243
Sq Ft
$731/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- 155 Feet of Waterfront
- Barn
- William H. Rowe School Rated A-
- Docks
- Public Beach
About This Home
As of January 2024Welcome to 24 Folly Cove, a stunning contemporary farmhouse set on 2.7 acres of picturesque land with captivating westerly sunset views over Broad Cove. Built in 2017, this exquisite property blends modern luxury with classic charm. The thoughtfully designed landscape compliments the natural beauty of living on Princes Point, creating a harmonious connection between the home and its environment. The open-concept 1st floor layout invites you into a bright and spacious living area with large windows that frame the scenic views. The interior boasts a perfect balance of contemporary design elements and traditional farmhouse features, creating a welcoming atmosphere that is both elegant and inviting. The heart of the home is a chef's kitchen with custom cabinetry, pantry and a center island that serves as a focal point for entertaining. The dining area provides a perfect setting for intimate dinners or larger gatherings with family and friends. The 2nd floor includes 4 bedrooms and a home office. The master suite offers a private retreat with its spa-like bathroom. The finished 3rd floor offers flexible space for a playroom, exercise space and built-in bunk-beds. As you approach the residence, you will love the eye-catching architecture of the contemporary barn built in 2022 by John Libby featuring 3 garage bays and a loft. This versatile space offers endless possibilities, from a workshop for the hobbyist to additional storage for outdoor equipment and vehicles. The outdoor living spaces are equally as impressive, with a carefully manicured lawn, a spacious deck for alfresco dining, and various sitting areas along the waterfront to maximize the captivating sunset views. Owners can apply for membership to join the Princes Point Association deep water dock located just down the street. Don't miss this opportunity for a waterfront property just 10 minutes from Yarmouth village!
Last Agent to Sell the Property
Legacy Properties Sotheby's International Realty Listed on: 11/22/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $23,504
Year Built
- Built in 2017
Lot Details
- 2.8 Acre Lot
- 155 Feet of Waterfront
- Ocean Front
- Property fronts a private road
- Public Beach
- Landscaped
- Level Lot
- Open Lot
- Property is zoned LDR
Parking
- 5 Car Detached Garage
- Automatic Garage Door Opener
- Garage Door Opener
- Driveway
Property Views
- Water
- Scenic Vista
Home Design
- Contemporary Architecture
- Farmhouse Style Home
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Metal Roof
- Clap Board Siding
- Shingle Siding
- Radon Mitigation System
- Concrete Perimeter Foundation
- Clapboard
Interior Spaces
- 3,243 Sq Ft Home
- Built-In Features
- Gas Fireplace
- Double Pane Windows
- Low Emissivity Windows
- Mud Room
- Family Room
- Living Room
- Home Office
- Loft
- Storage Room
- Unfinished Basement
- Interior and Exterior Basement Entry
Kitchen
- Eat-In Kitchen
- Electric Range
- Dishwasher
- ENERGY STAR Qualified Appliances
- Kitchen Island
- Quartz Countertops
- Butcher Block Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Walk-In Closet
- Bedroom Suite
- 3 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Soaking Tub in Primary Bathroom
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Eco-Friendly Details
- Air Exchanger
Outdoor Features
- Deeded Waterfront Access Rights
- Access to Tidal Water
- Property Near A Cove
- Mooring
- Docks
- Deck
- Patio
Farming
- Barn
- Pasture
Utilities
- Cooling Available
- Zoned Heating
- Heat Pump System
- Radiant Heating System
- Power Generator
- High-Efficiency Water Heater
- Internet Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 068, 067
- Assessor Parcel Number 24FollyCoveRoadYarmouth04096
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 22, 2023
Closed on
Jan 31, 2024
Sold by
Olivares Eric C
Bought by
Shipp John C and Cowell Rebecca L
Seller's Agent
Kristina Keaney
Legacy Properties Sotheby's International Realty
Buyer's Agent
Elias Leland
Coldwell Banker Realty
List Price
$2,500,000
Sold Price
$2,400,000
Premium/Discount to List
-$100,000
-4%
Views
10
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
-$28,323
Avg. Annual Appreciation
-1.88%
Original Mortgage
$1,680,000
Outstanding Balance
$1,655,207
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$671,088
Purchase Details
Closed on
Nov 1, 2019
Sold by
Adams Kurt W
Bought by
Olivares Eric C and Olivares Sarah A
Purchase Details
Listed on
Jun 21, 2017
Closed on
Nov 16, 2018
Sold by
Julian D Thomka Gazdik Ft and Thomka
Bought by
Olivares Eric C and Olivares Sarah A
Seller's Agent
Laurie Marcello
Bean Group
Buyer's Agent
Chelsea Locke
RE/MAX By The Bay
List Price
$1,450,000
Sold Price
$1,132,500
Premium/Discount to List
-$317,500
-21.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%
Original Mortgage
$782,750
Interest Rate
4.7%
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 |
|---|---|---|---|
| Shipp John C | $2,400,000 | None Available | |
| Shipp John C | $2,400,000 | None Available | |
| Olivares Eric C | -- | -- | |
| Olivares Eric C | -- | -- | |
| Olivares Eric C | -- | -- | |
| Olivares Eric C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shipp John C | $1,680,000 | |
| Closed | Shipp John C | $1,680,000 | |
| Previous Owner | Olivares Ericchace | $500,000 | |
| Previous Owner | Olivares Eric C | $510,400 | |
| Previous Owner | Olivares Eric C | $782,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2024 01/31/24 | Sold | $2,400,000 | -4.0% | $740 / Sq Ft |
| 12/28/2023 12/28/23 | Pending | -- | -- | -- |
| 11/22/2023 11/22/23 | For Sale | $2,500,000 | +120.8% | $771 / Sq Ft |
| 11/09/2018 11/09/18 | Sold | $1,132,500 | -21.9% | $315 / Sq Ft |
| 09/20/2018 09/20/18 | Pending | -- | -- | -- |
| 06/21/2017 06/21/17 | For Sale | $1,450,000 | -- | $403 / 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 | $23,758 | $925,500 | $297,200 | $628,300 |
| 2023 | $21,786 | $925,500 | $297,200 | $628,300 |
| 2022 | $20,009 | $925,500 | $297,200 | $628,300 |
| 2021 | $16,947 | $855,900 | $297,200 | $558,700 |
| 2020 | $16,776 | $855,900 | $297,200 | $558,700 |
| 2019 | $16,142 | $855,900 | $297,200 | $558,700 |
| 2018 | $15,005 | $843,000 | $297,200 | $545,800 |
| 2017 | $14,184 | $826,600 | $297,200 | $529,400 |
| 2016 | $8,380 | $491,200 | $297,200 | $194,000 |
| 2015 | $7,098 | $329,200 | $161,700 | $167,500 |
| 2014 | $7,111 | $329,200 | $161,700 | $167,500 |
| 2013 | $7,242 | $329,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kristina Keaney
-
Elias Leland
Buyer's Agent in 2024
Elias Leland
Coldwell Banker Realty
(207) 233-5774
1 in this area
95 Total Sales
-
L
Seller's Agent in 2018
Laurie Marcello
Bean Group
-
C
Buyer's Agent in 2018
Chelsea Locke
RE/MAX
Map
Source: Maine Listings
MLS Number: 1578029
APN: YMTH-000024-000000-000068
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