NOT LISTED FOR SALE

285 Beach Ave Long Island, ME 04050

Estimated Value: $874,000 - $1,069,000

3 Beds
2 Baths
2,544 Sq Ft
$389/Sq Ft Est. Value

Last Sold October 21, 2020

Last sale price $600,000 $236 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,502/month

172 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Island Location
  • Nearby Water Access
  • 1.44 Acre Lot
  • Colonial Architecture

About This Home

As of October 2020

Located on a year-round Casco Bay island, a 45-minute ferry ride from Portland, this four-season home sits on nearly 1.5 acres with unobstructed views of conservation land, crashing seas, and historic lighthouses.
The main living areas are situated on the second level to take full advantage of the views of the open ocean and rugged shoreline. Step out the front door onto the covered porch and 500 feet to the best beach on the eastern seaboard: South Beach. Built in 1998, the home provides 2544 SQ FT of flexible living space. On the first floor are two bedrooms, a large living area, and a four-season sun room with direct access to a deck, a full bath, and laundry room, rooftop solar panels provide hot water. On the upper level, find an open kitchen, dining and living areas, and a cozy place to read or work. The master bedroom, bath, and large pantry are also located on the second level. Step out onto the second-level deck from the living area or the master bedroom, greet the day, and track the night sky. A 384 square foot detached workshop provides extra flexibility. This building has potential as an artists studio or a guest house. Since Long Island's incorporation in 1993, residents have increased services and stabilized taxes. Long Island enjoys a low tax rate for its amenities, compared to other Casco Bay Islands.

Last Agent to Sell the Property

Mary McAleney

RE/MAX Shoreline Listed on: 07/27/2020

RE/MAX Shoreline

Last Buyer's Agent

James McAleney

Cottage & Co Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,663

Year Built

  • Built in 1998

Lot Details

  • 1.44 Acre Lot
  • Ocean Front
  • Dirt Road
  • Public Beach
  • Rural Setting
  • Fenced
  • Level Lot
  • Open Lot
  • Property is zoned IR-1

Property Views

  • Water
  • Scenic Vista

Home Design

  • Colonial Architecture
  • Cottage
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Fiber Board Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,544 Sq Ft Home
  • Living Room
  • Dining Room
  • Home Office
  • Unfinished Basement
  • Interior and Exterior Basement Entry

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Gravel Driveway
  • Off-Street Parking

Eco-Friendly Details

  • Solar Water Heater

Outdoor Features

  • Nearby Water Access
  • Deck
  • Outbuilding
  • Porch

Location

  • Property is near public transit
  • Island Location

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Well
  • Septic System

Community Details

  • No Home Owners Association
  • Near Conservation Area

Listing and Financial Details

  • Tax Lot 161
  • Assessor Parcel Number LISL-000161-000000-000161

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,663

Year Built

Built in 1998

Lot Details

1.44 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.44
  • Road Surface Type: Gravel
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Directions: Off pier, right on Wharf Street to right on Island Avenue to left on Beach Avenue.
  • Above Grade Finished Sq Ft: 2544.0
  • Architectural Style: Cottage, Colonial
  • Garage Yn: No
  • Year Built: 1998
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Contract Information:List PriceSqFt: 245.68
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.44
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2544.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Fence: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Office:Office: Yes
  • Appliances Included:Wall Oven: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Location:Rural: Yes
  • Roads:GravelDirt: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Appliances Included:Gas Range: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • View:Scenic: Yes
  • Water Info:Island3: Yes
  • Location:Abuts Conservation: Yes
  • Exterior:Fiber Cement: Yes
  • Transportation:Public Transport Access: Yes
  • Water Heater:Solar2: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Located on a year-round Casco Bay island, a 45-minute ferry ride from Portland, this four-season home sits on nearly 1.5 acres with unobstructed views of conservation land, crashing seas, and historic lighthouses. The main living areas are situated on the second level to take full advantage of the views of the open ocean and rugged shoreline. Step out the front door onto the covered porch and 500 feet to the best beach on the eastern seaboard: South Beach. Built in 1998, the home provides 2544 SQ FT of flexible living space. On the first floor are two bedrooms, a large living area, and a four-season sun room with direct access to a deck, a full bath, and laundry room, rooftop solar panels provide hot water. On the upper level, find an open kitchen, dining and living areas, and a cozy place to read or work. The master bedroom, bath, and large pantry are also located on the second level. Step out onto the second-level deck from the living area or the master bedroom, greet the day, and track the night sky. A 384 square foot detached workshop provides extra flexibility. This building has potential as an artists studio or a guest house. Since Long Island's incorporation in 1993, residents have increased services and stabilized taxes. Long Island enjoys a low tax rate for its amenities, compared to other Casco Bay Islands.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Washer, Wall Oven, Refrigerator, Microwave, Gas Range, Dryer
  • Has Basement: Bulkhead, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Walk-in Closets, 1st Floor Bedroom, Bathtub, Pantry, Primary Bedroom w/Bath
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: First
  • Dining Room Dining Room Level: Second
  • Kitchen Kitchen Level: Second
  • Living Room Living Room Level: Second
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Open Lot, Abuts Conservation, Near Public Beach, Near Town, Rural, Near Public Transit
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Fiber Cement, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • 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, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 62726.4
  • Parcel #: LISL-000161-000000-000161
  • Zoning: IR-1

Tax Info

  • Tax Annual Amount: 3663.0
  • Tax Lot: 161
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Oct 21, 2020
Sold by
Jacobs Rodney C and Jacobs Emily C
Bought by
Mitchell James S and Mitchell Agota K
Seller's Agent
Mary McAleney
RE/MAX Shoreline
Buyer's Agent
James McAleney
Cottage & Co Real Estate
List Price
$780,000
Sold Price
$600,000
Premium/Discount to List
-$180,000
-23.08%
Current Estimated Value
$989,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,580
Avg. Annual Appreciation
9.86%
Original Mortgage
$480,000
Outstanding Balance
$426,156
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$563,424

Purchase Details

Closed on
Dec 14, 2016
Sold by
Jacobs Rodney C and Jacobs Emily C
Bought by
Jacobs Emily C and Jacobs Rodney C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mitchell James S -- None Available
Jacobs Emily C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell James S $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2020 10/21/20 Sold $600,000 -23.1% $236 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $780,000 -- $307 / 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 $4,843 $704,897 $360,838 $344,059
2023 $4,145 $484,811 $249,032 $235,779
2022 $3,898 $484,811 $249,032 $235,779
2021 $3,898 $484,811 $249,032 $235,779
2020 $3,820 $484,811 $249,032 $235,779
2019 $3,820 $484,811 $249,032 $235,779
2018 $3,728 $484,811 $249,032 $235,779
2017 $3,728 $484,811 $249,032 $235,779
2016 $3,728 $484,811 $249,032 $235,779
2015 $3,728 $484,811 $249,032 $235,779
2014 $3,471 $484,811 $249,032 $235,779
2013 $3,384 $484,811 $249,032 $235,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1446900

Maine Listings

APN: LISL-000161-000000-000161

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