NOT LISTED FOR SALE

28 Merrimac Place Cape Elizabeth, ME 04107

Estimated Value: $471,000 - $526,000

2 Beds
1.5 Baths
1,531 Sq Ft
$502/mo HOA Fee

Last Sold July 20, 2022

Last sale price $406,000 $265 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,681/month

33 Days on Market

Highlights

  • Public Beach
  • View of Trees or Woods
  • Rowhouse Architecture
  • Pond Cove Elementary School Rated A
  • Wooded Lot
  • Wood Flooring

About This Home

As of July 2022

Hobstone Condominiums. With new paint and all new carpet, this 1531 SF townhouse has views of woods from most every window. Amenities include a custom stainless steel kitchen, an adjoining dining room, a spacious front-to-back living room with fireplace, an attached one car garage and a patio. You'll enjoy the association tennis courts, walking trails and abutting conservation land, as well as the easy access to all the parks and beaches of Cape Elizabeth and a 10-minute drive to downtown Portland with all its many offerings. Hobstone Condominiums is a professionally managed condominium association.

Last Agent to Sell the Property

Mike Drinan

Cottage & Co Real Estate Listed on: 06/15/2022

Co-Listed By

Kimberly Myers

Cottage & Co Real Estate

Last Buyer's Agent

Jason Bisson

Cottage & Co Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,559

Year Built

  • Built in 1984

Lot Details

  • Property fronts a private road
  • Public Beach
  • Near Conservation Area
  • Landscaped
  • Lot Has A Rolling Slope
  • Wooded Lot

HOA Fees

  • $502 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Common or Shared Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Shared Driveway
  • Off-Street Parking

Home Design

  • Rowhouse Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,531 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Views of Woods

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Patio

Location

  • Property is near a golf course
  • Suburban Location

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 228
  • Assessor Parcel Number CAPE-030228U

Community Details

Overview

  • 3 Units

Recreation

  • Tennis Courts

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,559

Year Built

Built in 1984

Lot Details

0

HOA Fees

$502 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private
  • Co List Office Mls Id: 3287
  • Co List Office Phone: 207-653-1188
  • MLS Status: Closed
  • Directions: Mitchell Rd to Hobstone Condos
  • Above Grade Finished Sq Ft: 1531.0
  • Architectural Style: Row-End, Shingle Style
  • Garage Yn: Yes
  • Year Built: 1984
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1531.0
  • Property Information:Garage: 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
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 502.0
  • 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: 3
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Location:Suburban: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Parking:Paved3: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Site:RollingSloping: Yes
  • Heat System:Direct Vent Heater: Yes
  • Location:Abuts Conservation: Yes
  • Style:Shingle Style: Yes
  • Condominium:Total Units4: 66
  • Amenities:Tennis Court: Yes
  • Style:Row-End: 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
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Bedroom 2 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First

Exterior Features

  • Lot Features: Rolling Slope, Landscaped, Wooded, Abuts Conservation, Near Golf Course, Near Public Beach, Near Town, Suburban
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Exterior Features: Tennis Court(s)
  • Foundation Details: Concrete Perimeter
  • 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, Inside Entrance, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: 502.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Parcel #: CAPE-030228U
  • Zoning: RA

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 66

Tax Info

  • Tax Annual Amount: 4559.0
  • Tax Book Number: 31104
  • Tax Lot: 228
  • Tax Map Number: U30
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 20, 2022
Sold by
Hinkle Ann M and Hyland Janet L
Bought by
Frawley Stephen M
Seller's Agent
Mike Drinan
Cottage & Co Real Estate
Buyer's Agent
Jason Bisson
Cottage & Co Real Estate
List Price
$425,000
Sold Price
$406,000
Premium/Discount to List
-$19,000
-4.47%
Total Days on Market
33
Current Estimated Value
$505,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,965
Avg. Annual Appreciation
7.82%
Original Mortgage
$324,800
Outstanding Balance
$311,989
Interest Rate
5.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$191,547

Purchase Details

Listed on
Apr 26, 2013
Closed on
Oct 21, 2013
Sold by
Gorelik Ft
Bought by
Hinkle Ann M and Hyland Janet L
Seller's Agent
Frank Strout
RE/MAX Oceanside
Buyer's Agent
Troy Wilkins
Legacy Properties Sotheby's International Realty
List Price
$224,900
Sold Price
$208,500
Premium/Discount to List
-$16,400
-7.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%

Purchase Details

Closed on
Mar 3, 2010
Sold by
Russell Mark D and Russell Ellen T
Bought by
Gorelik Family T

Purchase Details

Closed on
Jan 3, 2006
Sold by
Bell Jeffrey E and Bell Patricia A
Bought by
Russell Mark D and Russell Ellen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,315
Interest Rate
6.39%
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 Buyer Sale Price Title Company
Frawley Stephen M -- None Available
Hinkle Ann M -- --
Gorelik Family T -- --
Russell Mark D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frawley Stephen M $324,800
Previous Owner Russell Mark D $111,315
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2022 07/20/22 Sold $406,000 -4.5% $265 / Sq Ft
06/19/2022 06/19/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $425,000 +103.8% $278 / Sq Ft
10/18/2013 10/18/13 Sold $208,500 -7.3% $139 / Sq Ft
10/08/2013 10/08/13 Pending -- -- --
05/03/2013 05/03/13 For Sale $224,900 -- $150 / 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 $4,166 $378,700 $100,000 $278,700
2023 $8,460 $378,700 $100,000 $278,700
2022 $4,759 $225,000 $70,000 $155,000
2021 $4,559 $225,000 $70,000 $155,000
2020 $4,482 $225,000 $70,000 $155,000
2019 $4,428 $225,000 $70,000 $155,000
2018 $4,280 $225,000 $70,000 $155,000
2017 $4,050 $225,000 $70,000 $155,000
2016 $3,947 $225,000 $70,000 $155,000
2015 $3,798 $225,000 $70,000 $155,000
2013 $3,663 $225,000 $70,000 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1528381

Maine Listings

APN: CAPE-030228U