NOT LISTED FOR SALE

24 Whitehouse Cove Rd Lyman, ME 04002

Lyman Neighborhood

Estimated Value: $431,000 - $488,000

2 Beds
1 Bath
741 Sq Ft
$621/Sq Ft Est. Value

Last Sold December 05, 2023

Last sale price $420,000 $567 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,774/month

5 Days on Market

Highlights

  • 52 Feet of Waterfront
  • Home fronts a pond
  • Main Floor Bedroom
  • Docks
  • Deck
  • Bonus Room

About This Home

As of December 2023

Charming seasonal cottage located at 24 Whitehouse Cove Road in Lyman, ME. This well-maintained waterfront property has a rich history, originally built in 1960 and thoughtfully renovated in 1983. The two-bedroom, one-bath layout offers a cozy retreat with 51 feet of privately owned waterfront. You'll appreciate the custom-made dock for easy boat access and a tranquil atmosphere on this quiet pond.

Enjoy the serene surroundings, ideal for fishing, boating, and swimming, all while taking in the picturesque views. The pond offers a maximum depth of 43 feet and a median depth of 17 feet, ensuring plenty of water for various activities - and comes with a dock! This property provides an excellent opportunity to escape the hustle and bustle, with a new heating system adding modern comfort to this classic gem.

The pond was lowered on Columbus Day and will be raised in the spring - water is typically up to the dock and you can pull a boat right up to it! There is no public boat launch on this peaceful pond, and the water is crystal clear!

Don't miss the chance to make this waterfront haven your own!

Last Agent to Sell the Property

Bailey Pate

Maine Real Estate Co License #DB927429 Listed on: 11/09/2023

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,174

Year Built

  • Built in 1960

Lot Details

  • 5,663 Sq Ft Lot
  • Home fronts a pond
  • 52 Feet of Waterfront
  • Property fronts a private road
  • Dirt Road
  • Rural Setting
  • Seasonal Access to Property
  • Open Lot
  • Property is zoned Gen Purpose/Res

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • Cottage
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Living Room
  • Bonus Room
  • Vinyl Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom
  • Shower Only

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Docks
  • Deck
  • Shed
  • Porch

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Not Available
  • The lake is a source of water for the property
  • Electric Water Heater
  • Private Sewer

Community Details

  • Bunganut Pond Subdivision

Listing and Financial Details

  • Tax Lot 035
  • Assessor Parcel Number 24WhitehouseCoveRoadLyman04002

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,174

Year Built

Built in 1960

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Road Frontage Type: Private
  • Road Surface Type: Gravel
  • Water Body Name: Bunganut Pond
  • MLS Status: Closed
  • Subdivision Name: Bunganut Pond
  • Directions: Rt. 111 to Blueberry Hill Rd. (becomes Williams Rd). Left on to Marcotte Ln At end, left onto Whitehouse Cove Rd. Cottage on right.
  • Above Grade Finished Sq Ft: 544.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1960
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 544.0
  • Property Information:SqFt Finished Below Grade: 197.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Electric Range: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Location Information:Association Fee: 50.0
  • Location Information:Fee Frequency Paid: Annually
  • Roads:Private: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Amenities:Shower: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Exterior:Wood Siding: Yes
  • Bonus Room:Bonus Room: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 51.5
  • Water Info:Water Frontage Owned -: 51.5
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • View:TreesWoods: Yes
  • View:Scenic: Yes
  • Recreational Water:Dock: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Has Basement: Walk-Out Access, Daylight, Finished, Full, Interior Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 197.0
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, Shower
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Open Lot, Rural
  • View: Scenic, Trees/Woods
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Lake Drawn

Condo/Co-op/Association

  • Association Fee: 50.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: 24WhitehouseCoveRoadLyman04002
  • Zoning: Gen Purpose/Res

Tax Info

  • Tax Annual Amount: 4174.19
  • Tax Book Number: 17972
  • Tax Lot: 035
  • Tax Map Number: 28
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2023
Closed on
Dec 4, 2023
Sold by
Penniman Wayne and Penniman Leigh
Bought by
Dube Shawn and Nadeau Diane
Seller's Agent
Bailey Pate
Maine Real Estate Co
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$409,000
Sold Price
$420,000
Premium/Discount to List
$11,000
2.69%
Current Estimated Value
$459,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,825
Avg. Annual Appreciation
1.67%

Purchase Details

Listed on
Mar 22, 2019
Closed on
Jun 14, 2019
Sold by
Bassett Philip J and Bassett Annette F
Bought by
Penniman Wayne and Penniman Leigh
Seller's Agent
Keri Walker
Pack Maynard and Associates
Buyer's Agent
Bailey Pate
Keller Williams Realty
List Price
$259,000
Sold Price
$235,000
Premium/Discount to List
-$24,000
-9.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.84%
Original Mortgage
$135,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
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 Buyer Sale Price Title Company
Dube Shawn $420,000 None Available
Penniman Wayne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Penniman Wayne $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2023 12/05/23 Sold $420,000 +2.7% $567 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/09/2023 11/09/23 For Sale $409,000 +74.0% $552 / Sq Ft
06/14/2019 06/14/19 Sold $235,000 -9.3% $294 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
03/22/2019 03/22/19 For Sale $259,000 -- $325 / 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 $3,165 $251,000 $160,000 $91,000
2023 $2,755 $226,000 $160,000 $66,000
2022 $2,644 $226,000 $160,000 $66,000
2021 $2,594 $226,000 $160,000 $66,000
2020 $2,408 $224,000 $152,000 $72,000
2019 $2,345 $224,000 $152,000 $72,000
2018 $2,251 $186,000 $126,000 $60,000
2017 $2,125 $170,100 $115,400 $54,700
2015 $2,109 $170,100 $115,400 $54,700
2014 $2,067 $170,100 $115,400 $54,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1577073

Maine Listings

APN: LYMN-000028-000000-000035