$1,132,500
SOLD NOV 9, 2018

24 Folly Cove Rd Yarmouth, ME 04096

Yarmouth Neighborhood
4 Beds
3 Baths
3,600 Sq Ft
1.7 Acres

Recently Sold

$315 Per Sq Ft

22% Below List Price

455 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Ocean Front
  • Public Beach
  • William H. Rowe School Rated A-
  • Docks
  • Country Club

About This Home

As of January 2024

New Construction, green, energy efficient home, on 1.7 acres with direct deeded ROW to water. Contemporary style with natural finsihes, no VOC finishes throughout, Low eCoatings, Triple Pane Windows, Double Insulation in Walls and Roof, Caulking of Joints to Achieve Highly Airtight Home. Loft-Like First Floor, with Open Custom Cook's Kitchen, and Large Butcher Block Island, Open Dining and Living Area, Walk Out to Wrap Around Deck, 4-5 Bedrooms, 3 Bathrooms with 2 having Radiant Heated Floors, Water Views Balcony, Steps to Ocean, With Deeded Direct Water Access from Back yard, Over 1+ Acre Easement on Cove. Ideal for Kyaks and Paddleboards. Multi Zone mitsubishi heat pumps with AC, Elevated Views, No Flood Insurance Necessary, Eligible for Princes Point Improvement Assocation Membership offering dock and mooring access.

Last Agent to Sell the Property

Laurie Marcello

Bean Group

Last Buyer's Agent

Chelsea Locke

RE/MAX By The Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,380

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 1.7 Acre Lot
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Property fronts a private road
  • Public Beach
  • Rural Setting
  • Landscaped
  • Corner Lot
  • Level Lot
  • Open Lot
  • Property is zoned 12

Parking

  • 3 Car Direct Access Garage

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • New Englander Architecture
  • Farmhouse Style Home
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3,600 Sq Ft Home
  • Skylights
  • Double Pane Windows
  • Low Emissivity Windows
  • Living Room with Fireplace
  • Sink in Utility Room
  • Water Views
  • Unfinished Basement
  • Interior and Exterior Basement Entry

Kitchen

  • ENERGY STAR Qualified Appliances
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • Deeded Waterfront Access Rights
  • Nearby Water Access
  • Property Near A Cove
  • Mooring
  • Docks
  • Deck
  • Patio
  • Shed
  • Porch

Location

  • Property is near a golf course
  • Island Location

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Zoned Heating
  • Heat Pump System
  • Radiant Heating System
  • Natural Gas Not Available
  • High-Efficiency Water Heater

Additional Features

  • Air Exchanger
  • Pasture

Listing and Financial Details

  • Tax Lot 068
  • Assessor Parcel Number YMTH-000024-000000-000068

Community Details

Overview

  • No Home Owners Association
  • Prince's Point Improvement Assn Subdivision

Amenities

  • Community Storage Space

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,380

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.7
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay, Broad Cove
  • MLS Status: Closed
  • Subdivision Name: Prince's Point Improvement Assn
  • Directions: Feel the Sea Breeze! NEW CONSTRUCTION
  • Above Grade Finished Sq Ft: 3600.0
  • Architectural Style: Contemporary, Colonial, Farmhouse, New Englander, Other Style, Shingle Style
  • Garage Yn: Yes
  • New Construction: Yes
  • Efficiency: Low E Windows, Insulated Foundation, High Efficiency Water Heater, Energy Star Appliances, Double Pane Windows
  • Year Built: 2017
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 1.7
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3600.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 3.0
  • Roads:Private: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Property Condition:New Construction: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Kitchen Amenities:Island: Yes
  • Gas:No Gas: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Heat System:Radiant: Yes
  • Location:Near Public Beach: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Location:Rural: Yes
  • Recreational Water:Deeded: Yes
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Double Pane Windows: Yes
  • Energy Efficiency:Low E Windows: Yes
  • Location:Near Country Club: Yes
  • Site:PastureField: Yes
  • Water Info:Island3: Yes
  • Recreational Water:Dock: Yes
  • Energy Efficiency:Energy Star Appliances: Yes
  • Style:New Englander: Yes
  • Cooling:AC Units: Yes
  • Style:Shingle Style: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Recreational Water:Boat Mooring: Yes
  • Green Features:Air Exchanger: Yes
  • Laundry Room Amenities:Utility Sink: Yes
  • Loft Amenities:Skylight3: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: 4098

Interior Features

  • Has Basement: Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: Walk-in Closets, Other, Pantry, Storage, Primary Bedroom w/Bath
  • Bedroom 2 Level: Upper
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Right of Way, Landscaped, Pasture, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Rural
  • Waterfront Features: Cove, Bay, Ocean
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio, Porch
  • Property Condition: New Construction
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Other, Inside Entrance

Utilities

  • Laundry Features: Utility Sink, Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Radiant, Multi-Zones, Heat Pump
  • 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: 74052.0
  • Parcel #: YMTH-000024-000000-000068
  • Zoning: 12

Tax Info

  • Tax Annual Amount: 8380.0
  • Tax Book Number: 33227
  • Tax Lot: 068
  • Tax Map Number: 024
  • Tax Year: 2017

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%
Total Days on Market
455
Views
10
Current Estimated Value
$2,326,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$73,705
Avg. Annual Appreciation
-2.39%
Original Mortgage
$1,680,000
Outstanding Balance
$1,658,426
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$667,869

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
11.67%
Original Mortgage
$782,750
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage

Map

Range of Values:

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Average Value
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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 $2,400,000 None Available
Warranty Deed $2,400,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,680,000 Purchase Money Mortgage
Closed $1,680,000 Purchase Money Mortgage
Previous Owner $500,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $510,400 Stand Alone Refi Refinance Of Original Loan
Previous Owner $782,750 Purchase Money Mortgage
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

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

Source: Maine Listings

MLS Number: 1313117

Maine Listings

APN: YMTH-000024-000000-000068

Maine Cumberland County Yarmouth 04096 Yarmouth

24 Folly Cove Rd, Yarmouth, ME

Homes for Sale in Yarmouth, ME

This home is located at 24 Folly Cove Rd, Yarmouth, ME 04096 and is currently priced at $1,132,500, approximately $314 per square foot. This property was built in 2017. 24 Folly Cove Rd is a home located in Cumberland County with nearby schools including William H. Rowe School, Yarmouth Elementary School, and Frank H. Harrison Middle School.

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