NOT LISTED FOR SALE

38 Chase Farm Rd Newcastle, ME 04553

Estimated Value: $658,000 - $766,000

4 Beds
2.5 Baths
3,068 Sq Ft
$235/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $650,000 $212 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,598/month

7 Days on Market

Highlights

  • Additional Residence on Property
  • Water Views
  • Deck
  • Great Salt Bay Community School Rated A-
  • Home fronts a pond
  • Wooded Lot

About This Home

As of November 2023

Escape To The Country! Architect-designed & built in 1988, this charming property's features just go on and on.. A serene, bucolic, Classic Maine location, down the road from the Sheepscot Historic District, lovely neighboring properties, extensive & tasteful updates including a new luxury kitchen, radiant floor heating, highly-efficient in-ceiling not-a-wall-wart heat pump splits in just about every room, ceiling fans, spacious & useful insulated attic space, a shower you won't want to ever leave, all on 10.8 acres of nature that neighbors Midcoast Conservancy-owned land. Astronomers may want to restore the old observatory on site! If all that isn't enough, there's also currently-rented income property in the form of an 816 square-foot separate Guest House well-screened from the Main House at the front edge of the property. If it weren't for the monthly checks, you'd hardly know they're there. 13 minutes to Hannaford, 11 minutes to Main Street Grocery & Rising Tide Co-op, 9 minutes to Newcastle Publick House, 10 minutes to Schooner Landing and downtown Damariscotta. 8 minutes to the Alna Store. 10 minutes to Red's Eats in Wiscasset. You'll be close to it all while being away from it all.

Also listed as Multi-Family, MLS# 1572952

Last Agent to Sell the Property

Eric Marko

Drum & Drum Real Estate Inc. Listed on: 09/28/2023

Last Buyer's Agent

Bruce LaVerdiere

LAER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,716

Year Built

  • Built in 1988

Lot Details

  • 10.8 Acre Lot
  • Home fronts a pond
  • Near Conservation Area
  • Rural Setting
  • Level Lot
  • Wooded Lot
  • Property is zoned 15 D1 Rural

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • Post and Beam
  • Block Foundation
  • Wood Frame Construction
  • Composition Roof
  • Shingle Siding
  • Masonry

Interior Spaces

  • 3,068 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Great Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Butcher Block Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • In-Law or Guest Suite
  • Bathtub
  • Shower Only

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Deck
  • Outbuilding

Additional Homes

  • Additional Residence on Property

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Radiant Heating System
  • Hot Water Heating System
  • Programmable Thermostat
  • Generator Hookup
  • Private Water Source
  • Well
  • High-Efficiency Water Heater
  • Septic System
  • Septic Design Available
  • Internet Available

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Legal Lot and Block 00B / 049
  • Assessor Parcel Number NEWC-000004-000000-000049-B000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,716

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 10.8
  • Water Body Name: Neighbor's Pond
  • MLS Status: Closed
  • Directions: From Rt. 1 head northwest on Sheepscot Road, turn right on West Old County Road, Right on Chase Farm Rd. Watch for turtles crossing W. Old County Road.
  • Above Grade Finished Sq Ft: 3068.0
  • Architectural Style: Shingle Style
  • Garage Yn: No
  • Efficiency: Programmable Thermostat, High Efficiency Water Heater, Double Pane Windows
  • Year Built: 1988
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 10.8
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3068.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Kitchen Countertop:Granite: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Floors:Laminate: Yes
  • Roof:Composition2: Yes
  • Heat System:Multi-Zones: Yes
  • Heat System:Radiant: Yes
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Room Features:Wood Burning Fireplace29: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Appliances Included:Gas Range: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:Septic Design Available: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Great Room:Great Room: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • View:Fields: Yes
  • Construction:Post Beam: Yes
  • Room Features:Built-Ins30: Yes
  • Amenities:In-Law Apartment: Yes
  • Water Heater:Heat Pump2: Yes
  • Location:Abuts Conservation: Yes
  • Style:Shingle Style: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Energy Efficiency:Programmable Thermostat: Yes
  • Kitchen Countertop:Butcher Block: Yes
  • Primary Bedroom Amenities:Built-Ins15: Yes
  • Room Features:LaundryLaundry Hook-up17: Yes
  • Construction:Masonry: Yes
  • Great Room Amenities:Wood Burning Fireplace11: Yes
  • Bedroom Amenities 2:LaundryLaundry Hook-up2: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Gas Range, Dryer, Dishwasher
  • Has Basement: Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic, Bathtub, In-Law Floorplan, Shower, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Kitchen Kitchen Level: First
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Lot Features: Level, Rolling Slope, Wooded, Abuts Conservation, Near Town, Rural
  • View: Fields, Scenic, Trees/Woods
  • Waterfront Features: Pond
  • Waterfront: No
  • Construction Type: Shingle Siding, Other, Masonry, Post & Beam, Wood Frame
  • Foundation Details: Block
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, On Site

Utilities

  • Laundry Features: Upper Level
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Radiant, Multi-Zones, Hot Water, Heat Pump
  • Heating Yn: Yes
  • Electric: Generator Hookup, Circuit Breakers
  • Sewer: Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On, Pole
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 470448.0
  • Parcel #: NEWC-000004-000000-000049-B000000
  • Zoning: 15 D1 Rural

Tax Info

  • Tax Annual Amount: 4716.0
  • Tax Block: 049
  • Tax Book Number: 5129
  • Tax Lot: 00B
  • Tax Map Number: 004
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Nov 9, 2023
Sold by
Mattes Brennan K and Mattes Robert F
Bought by
Farrell Christopher W and Genung Karoline E
Seller's Agent
Eric Marko
Drum & Drum Real Estate Inc.
Buyer's Agent
Bruce LaVerdiere
LAER
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$720,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,068
Avg. Annual Appreciation
7.77%
Original Mortgage
$520,000
Interest Rate
6.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 6, 2017
Closed on
May 3, 2017
Sold by
Martin Marie T and Arnold Max A
Bought by
Leyendecker Brennan K and Mattes Robert F
Seller's Agent
Thomas Kennedy
Portside Real Estate Group
Buyer's Agent
Thomas Kennedy
Portside Real Estate Group
List Price
$299,000
Sold Price
$245,000
Premium/Discount to List
-$54,000
-18.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.04%
Original Mortgage
$196,000
Interest Rate
4.23%
Mortgage Type
New Conventional
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
Farrell Christopher W $650,000 None Available
Leyendecker Brennan K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farrell Christopher W $519,236
Closed Farrell Christopher W $520,000
Previous Owner Farrell Christopher W $520,000
Previous Owner Leyendecker Brennan K $196,000
Previous Owner Arnold Max $190,200
Previous Owner Arnold Max A $7,475
Previous Owner Arnold Max A $5,700
Previous Owner Arnold Max A $167,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $650,000 0.0% $212 / Sq Ft
10/05/2023 10/05/23 Pending -- -- --
09/28/2023 09/28/23 For Sale $650,000 +165.3% $212 / Sq Ft
05/01/2017 05/01/17 Sold $245,000 -18.1% $136 / Sq Ft
03/06/2017 03/06/17 For Sale $299,000 -- $166 / Sq Ft
03/04/2017 03/04/17 Pending -- -- --
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 $7,045 $518,000 $92,200 $425,800
2023 $4,746 $296,600 $66,000 $230,600
2022 $4,716 $296,600 $66,000 $230,600
2021 $4,538 $296,600 $66,000 $230,600
2020 $4,317 $241,200 $76,000 $165,200
2019 $4,317 $241,200 $76,000 $165,200
2018 $4,317 $241,200 $76,000 $165,200
2017 $4,354 $241,200 $76,000 $165,200
2016 $4,328 $239,800 $74,600 $165,200
2015 $4,328 $239,800 $74,600 $165,200
2013 $3,813 $239,800 $74,600 $165,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1572951

Maine Listings

APN: NEWC-000004-000000-000049-B000000