NOT LISTED FOR SALE

26 Merrimac Place Cape Elizabeth, ME 04107

Estimated Value: $506,000 - $596,000

3 Beds
2 Baths
1,624 Sq Ft
$522/mo HOA Fee

Last Sold November 09, 2022

Last sale price $475,000 $292 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,724/month

Highlights

  • Ocean Front
  • Nearby Water Access
  • View of Trees or Woods
  • Pond Cove Elementary School Rated A
  • Country Club
  • Contemporary Architecture

About This Home

As of November 2022

Highly sought after Hobstone condominium in the heart of Cape Elizabeth. Bordering 22 acres of conservation land with hiking trails, tennis courts and only
10 minutes to downtown Portland. First floor offers a flex space currently used as a bedroom, but could be a den or an office, three quarters bathroom, eat in kitchen, dining and living room wood burning stove and private views of the forest. The second floor offers two additional bedrooms and a laundry area. One car garage located under the building with a large storage area behind.

Last Agent to Sell the Property

John Hatcher

Keller Williams Realty Listed on: 10/17/2022

Keller Williams Realty

Co-Listed By

Kerry Buthy

EXP Realty

Last Buyer's Agent

Sarah Delisl Courtney Sweeton

Portside Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,394

Year Built

  • Built in 1985

Lot Details

  • Ocean Front
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped

HOA Fees

  • $522 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Common or Shared Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Shared Driveway

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,624 Sq Ft Home
  • Built-In Features
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Views of Woods

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary bedroom located on second floor
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Nearby Water Access
  • Patio

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Baseboard Heating
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 226
  • Assessor Parcel Number CAPE-030226U

Community Details

Overview

  • 4 Units
  • Hobstone Subdivision

Amenities

  • Community Storage Space

Recreation

  • Country Club
  • Tennis Courts

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,394

Year Built

Built in 1985

Lot Details

0

HOA Fees

$522 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1909
  • Co List Office Phone: 207-775-2121
  • MLS Status: Closed
  • Subdivision Name: Hobstone
  • Directions: From Casco Bay Bridge/Broadway to 77 (Ocean House Rd) left on Mitchell Rd, left on Hobstone Rd, second right is Merrimac Place, 26 on the right
  • Above Grade Finished Sq Ft: 1624.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Year Built: 1985
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1624.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 522.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 1.0
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 4
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Heat System:Multi-Zones: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Dining Room Amenities:Dining Area: Yes
  • Room Features:Dining Area2: Yes
  • View:TreesWoods: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Location:Near Country Club: Yes
  • Room Features:Built-Ins30: Yes
  • Site:Cul-De-Sac: Yes
  • Living Room Amenities:Built-Ins14: Yes
  • Bedroom Amenities 2:Built-Ins4: Yes
  • Amenities:Tennis Court: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Other Equipment: Internet Access Available
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Pantry, Shower, Storage
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Lot Features: Cul-De-Sac, Level, Landscaped, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Exterior Features: Tennis Court(s)
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Common, Garage Door Opener

Utilities

  • Laundry Features: Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 522.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Parcel #: CAPE-030226U
  • Zoning: RA

Multi Family

  • Number Of Units In Community: 4

Tax Info

  • Tax Annual Amount: 4394.0
  • Tax Book Number: 11993
  • Tax Lot: 226
  • Tax Map Number: U30
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2022
Closed on
Nov 7, 2022
Sold by
Badner Carol A
Bought by
Mennitt Leo
Seller's Agent
John Hatcher
Keller Williams Realty
Buyer's Agent
Sarah Delisl Courtney Sweeton
Portside Real Estate Group
List Price
$460,000
Sold Price
$475,000
Premium/Discount to List
$15,000
3.26%
Current Estimated Value
$535,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,979
Avg. Annual Appreciation
3.68%
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 Buyer Sale Price Title Company
Mennitt Leo $475,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Badner Carol Ann $375,000
Previous Owner Badner Carol Ann $110,000
Previous Owner Badner Carol A $47,000
Previous Owner Badner Carol A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $475,000 +3.3% $292 / Sq Ft
10/17/2022 10/17/22 For Sale $460,000 -- $283 / 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 $4,279 $389,000 $100,000 $289,000
2023 $8,625 $386,100 $100,000 $286,100
2022 $4,587 $216,900 $70,000 $146,900
2021 $4,394 $216,900 $70,000 $146,900
2020 $4,321 $216,900 $70,000 $146,900
2019 $4,269 $216,900 $70,000 $146,900
2018 $4,125 $216,900 $70,000 $146,900
2017 $3,904 $216,900 $70,000 $146,900
2016 $3,804 $216,900 $70,000 $146,900
2015 $3,661 $216,900 $70,000 $146,900
2013 $3,531 $216,900 $70,000 $146,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1545203

Maine Listings

APN: CAPE-030226U