Seller's Agent in 2022
John Bettis
Realty of Maine
(207) 370-8894
58 Total Sales
32 Wallace Cove Ln Milbridge, ME 04658
Estimated Value: $347,000 - $450,000
3
Beds
1.5
Baths
1,440
Sq Ft
$284/Sq Ft
Est. Value
Highlights
- 255 Feet of Waterfront
- Main Floor Bedroom
- Mud Room
- Property Near A Cove
- Furnished
- Solid Surface Countertops
About This Home
As of December 2022Wallace Point Cottage is a delightful, bright 3-season cottage perched on its own granite-bound point with 255ft. of wrap-around shore frontage jutting into beautiful Back Bay. Positioned with a southerly exposure and just feet from the water, this cozy 3bed/1.5bath cottage commands magnificent, long views out to the islands and open ocean from nearly every window. There's easy water access from the stunning pink granite frontage and a small gravel beach along the east side that's perfect for launching your kayak. A sailboat mooring is possible just offshore. The convenient storage barn could be converted to a bunkhouse or office for additional space or maintained for storage. Wallace Point Cottage is at the end of a quiet, private, wooded peninsula with a handful of other summer cottages and only 10 minutes to the lovely, full-service village of Milbridge. This is a close-knit, welcoming summer neighborhood of friendly folks. Offered furnished, Wallace Point Cottage would be a great vacation rental or the perfect vacation home for you and your family along the beautiful coast of Maine.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,839
Year Built
- Built in 1993
Lot Details
- 0.4 Acre Lot
- 255 Feet of Waterfront
- Ocean Front
- Property Fronts a Bay or Harbor
- Property fronts a private road
- Road Access Is Seasonal
- Dirt Road
- Rural Setting
- Seasonal Access to Property
- Level Lot
- Property is zoned shoreland
Property Views
- Water
- Scenic Vista
Home Design
- Cottage
- Pillar, Post or Pier Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Shingle Siding
Interior Spaces
- 1,440 Sq Ft Home
- Furnished
- Mud Room
- Living Room
Kitchen
- Gas Range
- Microwave
- Solid Surface Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- Shower Only
Parking
- Gravel Driveway
- On-Site Parking
Outdoor Features
- Property Near A Cove
- Shed
Utilities
- Cooling Available
- Heat Pump System
- Seasonal Water
- Electric Water Heater
- Perc Test On File For Septic Tank
- Septic System
- Septic Design Available
- Private Sewer
- Internet Available
Community Details
- No Home Owners Association
- Community Storage Space
Listing and Financial Details
- Tax Lot 22 and 22A
- Assessor Parcel Number MILE-000012-000000-000022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 13, 2024
Sold by
Alexander Theodore S and Alexander Heather A
Bought by
Believers Bay Llc
Current Estimated Value
Purchase Details
Listed on
Oct 10, 2022
Closed on
Dec 1, 2022
Sold by
Samson Rebecca P Est and Samson
Bought by
Alexander Theodore S and Alexander Heather A
Seller's Agent
John Bettis
Realty of Maine
Buyer's Agent
Corenna Quirk
NextHome Experience
List Price
$349,000
Sold Price
$356,000
Premium/Discount to List
$7,000
2.01%
Views
5
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.91%
Original Mortgage
$320,400
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 10, 2012
Sold by
Plummer John T and Plummer Virginia M
Bought by
Samson Michael J and Samson Rebecca P
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 |
|---|---|---|---|
| Believers Bay Llc | -- | None Available | |
| Believers Bay Llc | -- | None Available | |
| Alexander Theodore S | $356,000 | None Available | |
| Alexander Theodore S | $356,000 | None Available | |
| Alexander Theodore S | $356,000 | None Available | |
| Samson Michael J | -- | -- | |
| Samson Michael J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Alexander Theodore S | $320,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/01/2022 12/01/22 | Sold | $356,000 | +2.0% | $247 / Sq Ft |
| 10/10/2022 10/10/22 | For Sale | $349,000 | -- | $242 / 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 |
|---|---|---|---|---|
| 2022 | $2,627 | $172,800 | $121,500 | $51,300 |
| 2021 | $2,839 | $172,800 | $121,500 | $51,300 |
| 2020 | $352 | $172,800 | $121,500 | $51,300 |
| 2019 | $0 | $172,800 | $121,500 | $51,300 |
| 2018 | $1,105 | $172,800 | $121,500 | $51,300 |
| 2017 | $2,633 | $172,800 | $121,500 | $51,300 |
| 2016 | $1,067 | $181,600 | $128,300 | $53,300 |
| 2015 | $2,912 | $190,300 | $135,000 | $55,300 |
| 2014 | $2,969 | $190,300 | $135,000 | $55,300 |
Source: Public Records
Agents Affiliated with this Home
-
John Bettis
-
Corenna Quirk
Buyer's Agent in 2022
Corenna Quirk
NextHome Experience
(207) 944-4089
54 Total Sales
Map
Source: Maine Listings
MLS Number: 1545441
APN: MILE-000012-000000-000022
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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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