Seller's Agent in 2022
Mary Libby
Mary Libby Living Real Estate
(207) 712-5594
30 in this area
70 Total Sales
29 Reef Rd Cape Elizabeth, ME 04107
Estimated Value: $1,492,920 - $1,830,000
5
Beds
3
Baths
3,000
Sq Ft
$552/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- Ocean Front
- Clubhouse
- Pond Cove Elementary School Rated A
- Public Beach
- Deck
About This Home
As of October 2022Listen to waves crashing and smell the ocean breeze from this lovely contemporary resting on a large lot in Cape Elizabeth's coveted Shore Acres. Imagine taking a dip at Trundy Point Beach after a long day or casting your rod off the rocks in hopes of catching a striper. Take in a brilliant sunrise, watch a magical moon rise over the water or perhaps throw in a kayak and take off for the islands of Casco Bay on a summer afternoon. Enjoy neighborhood get-togethers, including an annual lobster bake, spaghetti dinners and more.
Two levels of living space, a spacious living room with its fieldstone fireplace leading to a cozy sunroom, five bedrooms and plenty of storage offer endless potential for today's scrutinizing buyer. Fifteen minutes from bustling Portland with all its restaurants, shops, theaters and art galleries. This is an opportunity you won't want to miss.
Last Agent to Sell the Property
Mary Libby Living Real Estate Brokerage Email: mary@marylibby.com Listed on: 10/05/2022
Co-Listed By
Valerie Herrick
Mary Libby Living Real Estate Brokerage Email: mary@marylibby.com
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,190
Year Built
- Built in 1978
Lot Details
- 22,216 Sq Ft Lot
- Ocean Front
- Public Beach
- Landscaped
- Level Lot
- Open Lot
- Property is zoned RA
Parking
- 2 Car Direct Access Garage
- Automatic Garage Door Opener
- Garage Door Opener
- Driveway
Property Views
- Water
- Scenic Vista
Home Design
- Contemporary Architecture
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Clap Board Siding
- Concrete Perimeter Foundation
- Clapboard
Interior Spaces
- Cathedral Ceiling
- Wood Burning Fireplace
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Attic
Kitchen
- Eat-In Kitchen
- Electric Range
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- En-Suite Bathroom
- 3 Full Bathrooms
- Shower Only
Laundry
- Laundry on main level
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Natural lighting in basement
Outdoor Features
- Deeded Waterfront Access Rights
- Beach Access
- Nearby Water Access
- Deck
- Enclosed Glass Porch
Location
- Property is near golf course
- Suburban Location
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Private Sewer
Listing and Financial Details
- Tax Lot 009
- Assessor Parcel Number CAPE-013009U-B000000
Community Details
Overview
- No Home Owners Association
- Shore Acres Subdivision
Amenities
- Clubhouse
- Community Storage Space
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2022
Closed on
Oct 28, 2022
Sold by
Herrick John W and Herrick Vilma J
Bought by
Salman Michael T and Peters Pamela C
Seller's Agent
Mary Libby
Mary Libby Living Real Estate
Buyer's Agent
Mark Small
Landmark Realty
List Price
$1,200,000
Sold Price
$1,325,000
Premium/Discount to List
$125,000
10.42%
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,980
Avg. Annual Appreciation
6.62%
Original Mortgage
$1,025,000
Outstanding Balance
$978,856
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$677,124
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Salman Michael T | $1,325,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Salman Michael T | $1,025,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2022 10/28/22 | Sold | $1,325,000 | +10.4% | $442 / Sq Ft |
| 10/08/2022 10/08/22 | Pending | -- | -- | -- |
| 10/02/2022 10/02/22 | For Sale | $1,200,000 | -- | $400 / 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 |
|---|---|---|---|---|
| 2025 | $15,109 | $1,288,100 | $869,900 | $418,200 |
| 2024 | $14,169 | $1,288,100 | $869,900 | $418,200 |
| 2023 | $28,776 | $1,288,100 | $869,900 | $418,200 |
| 2022 | $11,681 | $552,300 | $363,200 | $189,100 |
| 2021 | $11,190 | $552,300 | $363,200 | $189,100 |
| 2020 | $11,002 | $552,300 | $363,200 | $189,100 |
| 2019 | $10,881 | $552,900 | $363,200 | $189,700 |
| 2018 | $10,516 | $552,900 | $363,200 | $189,700 |
| 2017 | $9,952 | $552,900 | $363,200 | $189,700 |
| 2016 | $9,698 | $552,900 | $363,200 | $189,700 |
| 2015 | $9,333 | $552,900 | $363,200 | $189,700 |
| 2013 | $9,001 | $552,900 | $363,200 | $189,700 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Libby
-
V
Seller Co-Listing Agent in 2022
Valerie Herrick
Mary Libby Living Real Estate
-
Mark Small
Buyer's Agent in 2022
Mark Small
Landmark Realty
(207) 807-7889
3 in this area
171 Total Sales
Map
Source: Maine Listings
MLS Number: 1544794
APN: CAPE-013009U-B000000
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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