NOT LISTED FOR SALE

36 River Rd Edgecomb, ME 04556

Estimated Value: $447,529 - $538,000

6 Acres
$84,272 Price per Acre
261,360 Sq Ft Lot

Last Sold April 06, 2023

Last sale price $630,000

Est. 20% decrease in value since last sale

Current estimated payment $3,090/month

9 Days on Market

Highlights

  • 500 Feet of Waterfront
  • 6 Acre Lot
  • Wooded Lot
  • Access to Tidal Water
  • Island Location
  • No HOA

About This Lot

As of April 2023

A rare opportunity–one that anyone looking to build on the Damariscotta River cannot ever expect to pull off again: A grandfathered driveway following alongside a private babbling brook that leads to a spacious, level building envelope exempt from the typical 150ft setback and approved to be situated only 75ft from the water's edge– all benefiting from 500ft of water frontage overlooking this parcel's own private island with sand beach. The Damariscotta River, renowned source of ME's finest oysters and known as the ''Napa Valley of Oysters,'' is the cleanest river on the Eastern Seaboard. 6 acres of coastal ME at its most majestic, this parcel is situated just upstream from Glidden Point Oyster Farms & just downstream from Dodge Cove Preserve. It was to be the site of the owner's dream home until life circumstances derailed her plans. She is very reluctantly letting this land go, & with so much of the hard work already done! The extensive improvements include excavation & earthwork completed last year with over 50 cubic ft of ledge chipped out, the foundation bed leveled, generous landscaping in the shoreland zone, the driveway cleared & structural base applied, road drainage & culverts added. CMP installed 2 power poles–1 at the street, & another further into the land. Soil testing completed, an approved septic permit obtained by the town & the area where the septic was approved has already been cleared out. Boothbay-based high end custom builder oversaw these major improvements, and produced building plans that were approved by the town, meant to take advantage of having been grandfathered into building within the shoreland zone- Yet there is also so much more buildable area– Even on the other side of the stream is buildable! 2 parcels + the 3rd being the private island. Builder will offer a $10k credit to new buyer should they wish to contract him to continue the build. Just over an hr from Portland, 30 mins from Bath & 12 minutes to Boothbay and the Twin Cities

Last Agent to Sell the Property

Rebecca Kingsley Sewall

Keller Williams Realty Listed on: 02/21/2023

Last Buyer's Agent

Katherine Leeman

Legacy Properties Sotheby's International Realty

Legacy Properties Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,821

Lot Details

  • 6 Acre Lot
  • 500 Feet of Waterfront
  • Ocean Front
  • River Front
  • Near Conservation Area
  • Rural Setting
  • Landscaped
  • Wooded Lot
  • Property is zoned Marine Dist

Parking

  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking

Utilities

  • Natural Gas Not Available
  • Water Not Available
  • Well Required
  • Perc Test On File For Septic Tank
  • Septic Design Available
  • Sewer Not Available

Additional Features

  • Water Views
  • Island Location

Listing and Financial Details

  • Tax Lot 34, 36 & 37
  • Assessor Parcel Number RiverRoadEdgecomb04556

Community Details

Overview

  • No Home Owners Association
  • The community has rules related to deed restrictions

Recreation

  • Access to Tidal Water
  • Property Near A Cove

Property Details

Property Type

Land

Est. Annual Taxes

$4,821

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 6.0
  • Road Surface Type: Paved
  • Water Body Name: Damariscotta River, Dodge Lower Cove
  • MLS Status: Closed
  • Directions: Google 43.97900° N, 69.57237° W (using the private island to get your bearings). Coming from Portland, take 295 to exit 28 Brunswick. Continue on US-1 N 26 mi to Snead Spur on right, then quick right on to River Rd. Property driveway on left aprox 4 miles
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 6.0
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Parking:Off Street: Yes
  • Gas:No Gas: Yes
  • Parking:On Site2: Yes
  • Property Information:Short Sale Continue to Show: No
  • Location:Rural: Yes
  • Water Info:Waterfront Amount -: 500.0
  • Water Info:Water Frontage Owned -: 500.0
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:Septic Design Available: Yes
  • Property Information:Mobile Homes Allowed: No
  • Sewer:None4: Yes
  • Water:None5: Yes
  • Water:Well Needed on Site: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Water Info:Island3: Yes
  • Location:Abuts Conservation: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Landscaped, Wooded, Abuts Conservation, Rural
  • Waterfront Features: Cove, Ocean, River
  • Waterfront: Yes

Garage/Parking

  • Parking Features: 21+ Spaces, Gravel, On Site, Off Street

Utilities

  • Electric: Other Electric
  • Sewer: None, Perc Test On File, Septic Design Available
  • Utilities: Pole
  • Water Source: Well Needed on Site, None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 261360.0
  • Parcel #: RiverRoadEdgecomb04556
  • Zoning: Marine Dist

Tax Info

  • Tax Annual Amount: 4821.0
  • Tax Book Number: 5688
  • Tax Lot: 34, 36 & 37
  • Tax Map Number: R-7
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2014
Sold by
Fraas Gayle J and Slade Duncan W
Bought by
Price Nichole N and Joyce William C
Current Estimated Value
$505,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,153
Interest Rate
4.27%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Price Nichole N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price Nichole N $178,500
Closed Joyce William C $75,000
Closed Joyce William C $290,000
Closed Price Nichole N $295,153
Previous Owner Slade Duncan W $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2023 04/06/23 Sold $630,000 +8.8% --
03/02/2023 03/02/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $579,000 -- --
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 $4,018 $182,787 $52,250 $130,537
2023 $3,053 $182,787 $52,250 $130,537
2022 $2,952 $182,787 $52,250 $130,537
2021 $3,190 $182,787 $52,250 $130,537
2020 $3,279 $182,787 $52,250 $130,537
2019 $3,308 $178,121 $52,250 $125,871
2018 $3,046 $178,121 $52,250 $125,871
2017 $2,989 $178,121 $52,250 $125,871
2015 $2,707 $178,121 $52,250 $125,871
2013 $2,342 $178,121 $52,250 $125,871
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1552726

Maine Listings

APN: EDGE-000005R-000000-000064-000002