T
Seller's Agent in 2022
Tom Field
Legacy Properties Sotheby's International Realty
(207) 215-6455
6 in this area
46 Total Sales
29 River Rd Newcastle, ME 04553
Estimated Value: $702,000 - $930,000
7
Beds
4
Baths
3,203
Sq Ft
$260/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- 17 Feet of Waterfront
- Greek Revival Architecture
- Great Salt Bay Community School Rated A-
- Fireplace in Primary Bedroom
- Wood Flooring
About This Home
As of July 2022Have you been looking for just the right place to live and work in a neighborhood of stately homes? A location that is both close to town, has town water and sewer, fiber optic internet service, visibility from Route 1, sidewalks so you can walk to all of the services of the downtown including award winning restaurants, a public boat launch, marinas, bookstores, a state of the art medical facility, art galleries and everything else that makes the towns of Newcastle and Damariscotta the destination of generations of visitors. Not only is there the large classic Greek Revival home that is waiting for your restoration ideas there is also a half acre field next door that has almost endless possibilities for development because of the town's forward thinking land use code designed to allow for creative mixes of commercial and residential purposes from residential to retail to health care to inns/B and Bs, to apartment buildings or condominiums, restaurants..the list goes on. There isn't a lot anywhere in the two towns this size with so many possibilities of what can be done with it. And as an added bonus there is even a small waterfront lot that gives you your own private access to the Damariscotta River. This property has it all, a classic home, a huge lot with zoning that encourages a range of business activities and waterfront, all in a downtown location. This is a great time to work from home, park the car and walk to town.
Last Agent to Sell the Property
Legacy Properties Sotheby's International Realty Listed on: 06/01/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,788
Year Built
- Built in 1846
Lot Details
- 1.72 Acre Lot
- 17 Feet of Waterfront
- Ocean Front
- Property Fronts a Bay or Harbor
- River Front
- Level Lot
- Open Lot
- Property is zoned Business, Shoreland
Property Views
- Water
- Scenic Vista
Home Design
- Greek Revival Architecture
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Clap Board Siding
- Clapboard
Interior Spaces
- 3,203 Sq Ft Home
- Wood Burning Fireplace
- Family Room
- Living Room with Fireplace
- 2 Fireplaces
- Dining Room
- Library
- Wood Flooring
- Electric Range
Bedrooms and Bathrooms
- 7 Bedrooms
- Fireplace in Primary Bedroom
- Primary bedroom located on second floor
- In-Law or Guest Suite
Unfinished Basement
- Partial Basement
- Interior and Exterior Basement Entry
Parking
- Gravel Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Deeded Waterfront Access Rights
- Access to Tidal Water
- River Nearby
- Porch
Utilities
- No Cooling
- Heating System Uses Oil
- Heating System Uses Propane
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
- Satellite Dish
- Cable TV Available
Additional Features
- City Lot
- Pasture
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 55, 47, 54-01
- Assessor Parcel Number NEWC-000012-000000-000055
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2022
Closed on
Jul 15, 2022
Sold by
Erskine Harden P and Erskine Kimberly
Bought by
Farley Hopkins Land Hldg
Seller's Agent
Tom Field
Legacy Properties Sotheby's International Realty
Buyer's Agent
Kellie Peters
Reilly Real Estate
List Price
$625,000
Sold Price
$630,000
Premium/Discount to List
$5,000
0.8%
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
$162,640
Avg. Annual Appreciation
9.45%
Original Mortgage
$315,000
Outstanding Balance
$301,845
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$530,817
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Farley Hopkins Land Hldg | -- | None Available | |
| Captain Farley Hopkins | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Captain Farley Hopkins | $315,000 | |
| Closed | Farley Hopkins Land Hldg | $315,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2022 07/18/22 | Sold | $630,000 | +0.8% | $197 / Sq Ft |
| 06/05/2022 06/05/22 | Pending | -- | -- | -- |
| 06/01/2022 06/01/22 | For Sale | $625,000 | -- | $195 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $9,172 | $674,400 | $68,200 | $606,200 |
| 2023 | $6,614 | $413,400 | $55,100 | $358,300 |
| 2022 | $6,573 | $413,400 | $55,100 | $358,300 |
| 2021 | $6,316 | $412,800 | $53,700 | $359,100 |
| 2020 | $4,391 | $245,300 | $73,200 | $172,100 |
| 2019 | $4,391 | $245,300 | $73,200 | $172,100 |
| 2018 | $4,391 | $245,300 | $73,200 | $172,100 |
| 2017 | $4,428 | $245,300 | $73,200 | $172,100 |
| 2016 | $4,496 | $249,100 | $73,200 | $175,900 |
| 2015 | $4,496 | $249,100 | $73,200 | $175,900 |
| 2013 | $3,961 | $249,100 | $73,200 | $175,900 |
Source: Public Records
Agents Affiliated with this Home
-
-
K
Buyer's Agent in 2022
Kellie Peters
Reilly Real Estate
(207) 380-7735
1 in this area
14 Total Sales
-
B
Buyer Co-Listing Agent in 2022
BRANDON REILLY
Reilly Real Estate
(207) 956-1586
1 in this area
22 Total Sales
Map
Source: Maine Listings
MLS Number: 1530576
APN: NEWC-000012-000000-000055
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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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