NOT LISTED FOR SALE

29 Reef Rd Cape Elizabeth, ME 04107

Estimated Value: $1,240,000 - $1,747,571

5 Beds
3 Baths
3,000 Sq Ft
$513/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $1,325,000 $442 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,345/month

5 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Ocean Front
  • Clubhouse
  • Pond Cove Elementary School Rated A
  • Public Beach
  • Deck

About This Home

As of October 2022

Listen 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

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

Last Buyer's Agent

Mark Small

Landmark Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,190

Year Built

  • Built in 1978

Lot Details

  • 0.51 Acre 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 a 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,190

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.51
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • Co List Office Mls Id: 3190
  • Co List Office Phone: 207-712-5594
  • MLS Status: Closed
  • Subdivision Name: Shore Acres
  • Directions: Route 77 /Ocean House Road to Old Ocean House Road to Trundy Road. Right onto Reef. House is on the left.
  • Above Grade Finished Sq Ft: 2000.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Year Built: 1978
  • Attribution Contact: mary@marylibby.com
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.51
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2000.0
  • Property Information:SqFt Finished Below Grade: 1000.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • 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
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Gas:No Gas: Yes
  • Location:Suburban: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Bedroom 1 Amenities:Full Bath: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Room Features:Wood Burning Fireplace29: Yes
  • Recreational Water:Deeded: Yes
  • Site:RollingSloping: Yes
  • Family Room:Family Room: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Living Room Amenities:Cathedral Ceiling5: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • View:Scenic: Yes
  • Recreational Water:Beach Rights: Yes
  • Family Room Amenities:Wood Burning Fireplace10: Yes
  • Family Room Amenities:Cathedral Ceiling17: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 2
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Dishwasher
  • Has Basement: Walk-Out Access, Daylight, Finished, Full, Interior Entry
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1000.0
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath, Attic, Shower, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Bedroom 4 Level: Basement
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Right of Way, Rolling Slope, Landscaped, Near Golf Course, Near Public Beach, Neighborhood, Suburban
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Glass Enclosed
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Garage Door Opener, Inside Entrance

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Association: No
  • Pets Allowed: No Restrictions

Association/Amenities

  • Association Amenities:Club House: Yes

Schools

  • Junior High Dist: Cape Elizabeth Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 22215.6
  • Parcel #: CAPE-013009U-B000000
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 11190.0
  • Tax Book Number: 3999
  • Tax Lot: 009
  • Tax Map Number: U13
  • Tax Year: 2021

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%
Total Days on Market
5
Views
5
Current Estimated Value
$1,538,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,393
Avg. Annual Appreciation
2.31%
Original Mortgage
$1,025,000
Outstanding Balance
$993,355
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$412,365
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
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 Change Sq Ft Price
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 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 $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

    Seller's Agent in 2022

    Mary Libby

    Mary Libby Living Real Estate

    (207) 712-5594

    34 in this area

    76 Total Sales

    Mary Libby
    Section Image

  • 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

    2 in this area

    154 Total Sales

    Mark Small
    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1544794

Maine Listings

APN: CAPE-013009U-B000000

Maine Cumberland County Cape Elizabeth 04107

29 Reef Rd, Cape Elizabeth, ME

This home is located at 29 Reef Rd, Cape Elizabeth, ME 04107 since 05 October 2022 and is currently estimated at $1,538,393, approximately $512 per square foot. This property was built in 1978. 29 Reef Rd is a home located in Cumberland County with nearby schools including Pond Cove Elementary School, Cape Elizabeth Middle School, and Cape Elizabeth High School.

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