$2,400,000
SOLD JAN 31, 2024

24 Folly Cove Rd Yarmouth, ME 04096

4 Beds
3 Baths
3,243 Sq Ft
2.8 Acres

Recently Sold

$740 Per Sq Ft

4% Below List Price

36 Days on Market

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 2024

Welcome 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

Kristina Keaney

Legacy Properties Sotheby's International Realty Listed on: 11/22/2023

Legacy Properties Sotheby's International Realty

Last Buyer's Agent

Elias Leland

Coldwell Banker Realty

Coldwell Banker Realty

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,504

Year Built

Built in 2017

Lot Details

0

Parking

5

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.8
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Directions: GPS Friendly. Princes Point Rd and turn right onto Folly Cove Rd. House is first house on left. Folly Cove is a Private Rd. No Drive-Bys
  • Above Grade Finished Sq Ft: 3243.0
  • Architectural Style: Contemporary, Farmhouse, Shingle Style
  • Garage Yn: 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:Seasonal: No
  • Property Information:Lot Size Acres -: 2.8
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3243.0
  • Property Information:Garage: 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
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Property Information:Garage Spaces: 5.0
  • Roads:Private: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Amenities:Walk-in Closets: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Suite6: Yes
  • Primary Bedroom Amenities:Walk-in Closet6: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Room Features:Suite17: Yes
  • Room Features:Walk-in Closet17: Yes
  • Mud Room:Mud Room: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Heat System:Radiant: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Office:Office: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Recreational Water:Oceanfront: Yes
  • Primary Bedroom Amenities:Double Vanities6: Yes
  • Primary Bedroom Amenities:Soaking Tub6: Yes
  • Room Features:Double Vanities17: Yes
  • Room Features:Soaking Tub17: Yes
  • Water Info:Waterfront Amount -: 155.0
  • Water Info:Water Frontage Owned -: 155.0
  • Recreational Water:Deeded: Yes
  • Equipment:Internet Access Available: Yes
  • Family Room:Family Room: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Energy Efficiency:Low E Windows: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Site:PastureField: Yes
  • Kitchen Countertop:Quartz: Yes
  • Equipment:Generator: Yes
  • Laundry Room:Laundry Room: Yes
  • Room Features:Built-Ins30: Yes
  • Recreational Water:Dock: Yes
  • Energy Efficiency:Energy Star Appliances: Yes
  • Loft:Loft: Yes
  • Equipment:Air Radon Mitigation System: Yes
  • Style:Shingle Style: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Sewer:Quasi-Public: Yes
  • Loft Amenities:Storage2: Yes
  • Room Features:Storage3: Yes
  • Kitchen Countertop:Butcher Block: Yes
  • Recreational Water:Boat Mooring: Yes
  • Green Features:Air Exchanger: Yes
  • Primary Bedroom Amenities:Separate Shower6: Yes
  • Room Features:Separate Shower17: Yes
  • Living Room Amenities:Gas Fireplace5: Yes
  • Room Features:Gas Fireplace29: Yes
  • Living Room Amenities:Built-Ins14: Yes
  • Other Structures:Barn: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Other, Washer, Refrigerator, Electric Range, Dryer, Dishwasher
  • Has Basement: Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Walk-in Closets, Bathtub, Pantry, Primary Bedroom w/Bath
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: Second
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Pasture, Near Public Beach, Near Shopping, Near Town
  • View: Scenic
  • Waterfront Features: Cove
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Clapboard, Wood Frame
  • Exterior Features: Animal Containment System
  • Foundation Details: Concrete Perimeter
  • Other Structures: Barn
  • Patio And Porch Features: Deck, Patio
  • Roof: Metal, Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 5.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Garage Door Opener, Detached

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Radiant, Multi-Zones, Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Quasi-Public
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 121968.0
  • Parcel #: 24FollyCoveRoadYarmouth04096
  • Zoning: LDR

Tax Info

  • Tax Annual Amount: 23504.0
  • Tax Book Number: 35295, 36140
  • Tax Lot: 068, 067
  • Tax Map Number: 024
  • Tax Year: 2024

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
$2,272,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$127,321
Avg. Annual Appreciation
-3.37%
Original Mortgage
$1,680,000
Outstanding Balance
$1,651,951
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$620,728

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
10.75%
Original Mortgage
$782,750
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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 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 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 $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

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Map

Source: Maine Listings

MLS Number: 1578029

Maine Listings

APN: YMTH-000024-000000-000068