$199,000
SOLD JAN 2, 2019
2 Beds
1 Bath
1,320 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$151 Per Sq Ft

34 Days on Market

Highlights

  • Ocean Front
  • Wood Flooring
  • Baseboard Heating
  • Public Beach
  • No HOA
  • Level Lot

About This Home

As of November 2020

Sitting on the north west corner of Bailey Island you will find this rustic coastal cottage. Nicely situated, you will love walking to the numerous island beaches, boat launches, restaurants, and pubs. Bring your imagination as the property needs updating and attention; but it won't be long before you're enjoying the warm summer sea breeze as the sun sets over the scenic Casco Bay. Whether using the property as your year round home, summer cottage, or as an investment as a rental property, you will love the immersion into the Bailey Island lifestyle.

Last Agent to Sell the Property

Bruce Davis

Engel & Volkers Casco Bay Listed on: 11/01/2018

Engel & Volkers Casco Bay

Last Buyer's Agent

Jeanne Parker

RE/MAX Riverside

RE/MAX Riverside

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,165

Year Built

  • Built in 1920

Lot Details

  • 2,614 Sq Ft Lot
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Public Beach
  • Rural Setting
  • Level Lot
  • Open Lot
  • Property is zoned CF2

Parking

  • No Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1,320 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Not Available
  • Private Water Source
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number HARP-000025-000000-000025

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,165

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.06
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Directions: From Cooks Corner take ME-24 South towards Orrs and Bailey Island. Continue for 16 miles onto Bailey Island. After 0.3 miles take a right onto Garrison Cove road. Continue around the turn and the property will be on your right.
  • Above Grade Finished Sq Ft: 1320.0
  • Architectural Style: Other Style, Shingle Style
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.06
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1320.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Heat Fuel:Electric: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:No Driveway: Yes
  • Water:Well Existing on Site: Yes
  • View:Scenic: Yes
  • Style:Shingle Style: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No

Exterior Features

  • Lot Features: Level, Open Lot, Near Public Beach, Rural
  • View: Scenic
  • Waterfront Features: Bay, Harbor, Ocean
  • Waterfront: No
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, 1 - 4 Spaces

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Other, Unknown
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2613.6
  • Parcel #: HARP-000025-000000-000025
  • Zoning: CF2

Tax Info

  • Tax Annual Amount: 1165.0
  • Tax Book Number: 34356
  • Tax Lot: 25
  • Tax Map Number: 25
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Nov 20, 2020
Sold by
Burrows Thomas R
Bought by
Zargaj Michael and Zargaj Sandra M
Seller's Agent
Jeanne Parker
RE/MAX Riverside
Buyer's Agent
Bruce Davis
Engel & Volkers Casco Bay
List Price
$384,000
Sold Price
$390,000
Premium/Discount to List
$6,000
1.56%
Total Days on Market
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%
Original Mortgage
$312,000
Outstanding Balance
$280,158
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$353,190

Purchase Details

Closed on
Jun 19, 2018
Sold by
Johnson Laurelei L
Bought by
Laurelei L Johnson T
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- None Available
Not Resolvable -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $312,000 New Conventional
Previous Owner $8,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Pending -- -- --
05/01/2025 05/01/25 For Sale $579,000 +48.5% $439 / Sq Ft
11/20/2020 11/20/20 Sold $390,000 +1.6% $295 / Sq Ft
09/27/2020 09/27/20 Pending -- -- --
07/10/2019 07/10/19 For Sale $384,000 +93.0% $291 / Sq Ft
01/02/2019 01/02/19 Sold $199,000 0.0% $151 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $199,000 -- $151 / 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 $2,646 $416,000 $136,500 $279,500
2023 $2,538 $416,000 $136,500 $279,500
2022 $2,454 $416,000 $136,500 $279,500
2021 $2,526 $373,700 $139,600 $234,100
2020 $2,072 $307,400 $108,600 $198,800
2019 $1,276 $190,400 $108,600 $81,800
2018 $1,169 $180,400 $108,600 $71,800
2017 $1,165 $180,400 $108,600 $71,800
2016 $1,155 $180,400 $108,600 $71,800
2015 $1,126 $180,400 $108,600 $71,800
2013 $1,043 $180,400 $108,600 $71,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1374845

Maine Listings

APN: HARP-000025-000000-000025