NOT LISTED FOR SALE

41 Old Mill Rd Cape Elizabeth, ME 04107

Estimated Value: $5,679,998 - $5,843,000

2.66 Acres
$2,169,799 Price per Acre
115,870 Sq Ft Lot

Last Sold January 17, 2017

Last sale price $650,000

Est. 788% increase in value since last sale

Current estimated payment $34,551/month

7 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 150 Feet of Waterfront
  • 2.66 Acre Lot
  • Pond Cove Elementary School Rated A
  • Public Beach
  • Wooded Lot

About This Lot

As of January 2017

A rare opportunity to build in a new, private, estate-like waterfront three property sub-division. The property includes 13.6 acres of shared meadowland, 150 feet of shared water frontage with private sandy beach and mooring potential. Mature trees, meadows and serene setting conveniently located near the center of Cape Elizabeth and only minutes from downtown Portland. Underground utilities, including public water.

Last Agent to Sell the Property

Mary Libby

Legacy Properties Sotheby's International Realty Listed on: 10/07/2016

Last Buyer's Agent

James Mcfarlane

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $37,237

Lot Details

  • 2.66 Acre Lot
  • 150 Feet of Waterfront
  • Ocean Front
  • Property fronts a private road
  • Dirt Road
  • Public Beach
  • Street terminates at a dead end
  • Landscaped
  • Level Lot
  • Open Lot
  • Wooded Lot
  • Property is zoned RA

Parking

  • No Driveway

Property Views

  • Water
  • Scenic Vista
  • Woods

Utilities

  • Underground Utilities
  • Natural Gas Not Available
  • Perc Test On File For Septic Tank
  • Private Sewer

Additional Features

  • Property is near a golf course
  • Pasture

Listing and Financial Details

  • Tax Lot 16

Community Details

Overview

  • No Home Owners Association
  • Old Mill Subdivision

Recreation

  • Deeded Waterfront Access Rights
  • Beach Access
  • Nearby Water Access

Property Details

Property Type

Land

Est. Annual Taxes

$37,237

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 2.66
  • Road Frontage Type: Private
  • Road Surface Type: Gravel
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Subdivision Name: Old Mill Subdivision
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.66
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Water:Public3: Yes
  • Roads:Private: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Sewer:Private Sewer: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 150.0
  • Recreational Water:Deeded: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Site:RollingSloping: Yes
  • Driveway:No Driveway: Yes
  • View:Scenic: Yes
  • View:Fields: Yes
  • Utility Info Electric On Site: Yes
  • Site:PastureField: Yes
  • Electric:Underground: Yes
  • Recreational Water:Beach Rights: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Level, Open Lot, Right of Way, Rolling Slope, Landscaped, Wooded, Pasture, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Subdivided
  • View: Fields, Scenic, Trees/Woods
  • Waterfront Features: Ocean
  • Waterfront: Yes

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Electric: Underground, On Site
  • Sewer: Private Sewer, Perc Test On File
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 115869.6
  • Parcel #: 999999999
  • Zoning: RA

Tax Info

  • Tax Book Number: 32031
  • Tax Lot: 16
  • Tax Map Number: R02-1
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Jordy Mark D
Bought by
41 Old Mill Llc
Current Estimated Value
$5,771,666

Purchase Details

Listed on
Oct 7, 2016
Closed on
Feb 24, 2017
Sold by
R & D On Old Mill Llc
Bought by
Butler Robert C and Butler Doreen O
Seller's Agent
Mary Libby
Legacy Properties Sotheby's International Realty
Buyer's Agent
James Mcfarlane
Keller Williams Realty
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.18%
Original Mortgage
$487,500
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 7, 2016
Closed on
Jan 18, 2017
Sold by
Jordy Mark D
Bought by
R & D On Old Mill Llc
Seller's Agent
Mary Libby
Legacy Properties Sotheby's International Realty
Buyer's Agent
James Mcfarlane
Keller Williams Realty
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 7, 2016
Closed on
Jan 17, 2017
Sold by
Jordy Mark D
Bought by
Old Mill Rd Subdiv Ho
Seller's Agent
Mary Libby
Legacy Properties Sotheby's International Realty
Buyer's Agent
James Mcfarlane
Keller Williams Realty
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2011
Sold by
Old Mill Road Llc
Bought by
Richardson Rosamond S and Coggeshall Bruce A

Purchase Details

Closed on
Jan 28, 2009
Sold by
Richardson William S Est
Bought by
W S Richardson Marital Ft and Bangor Savings Bank Tr
Source: Public Records

Range of Values:

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Average Value
Not Available
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
41 Old Mill Llc $5,500,000 None Available
41 Old Mill Llc $5,500,000 None Available
Butler Robert C -- --
R & D On Old Mill Llc -- --
Old Mill Rd Subdiv Ho -- --
Richardson Rosamond S -- --
W S Richardson Marital Ft -- --
Butler Robert C -- --
R & D On Old Mill Llc -- --
W S Richardson Marital Ft -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner R & D On Old Mill Llc $487,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2017 01/17/17 Sold $650,000 0.0% --
10/15/2016 10/15/16 Pending -- -- --
10/07/2016 10/07/16 For Sale $650,000 -- --
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 $37,237 $3,385,200 $2,352,500 $1,032,700
2023 $75,625 $3,385,200 $2,352,500 $1,032,700
2022 $51,003 $2,411,500 $1,257,600 $1,153,900
2021 $48,857 $2,411,500 $1,257,600 $1,153,900
2020 $48,037 $2,411,500 $1,257,600 $1,153,900
2019 $47,458 $2,411,500 $1,257,600 $1,153,900
2018 $45,867 $2,411,500 $1,257,600 $1,153,900
2017 $43,051 $2,391,700 $1,257,600 $1,134,100
2016 $51,859 $2,956,600 $1,822,500 $1,134,100
2015 $42,286 $2,505,100 $1,822,500 $682,600
2013 $52,527 $3,226,500 $2,038,000 $1,188,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mary Libby

    Legacy Properties Sotheby's International Realty

  • J

    Buyer's Agent in 2017

    James Mcfarlane

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1285165

Maine Listings

APN: CAPE-002016R

Maine Cumberland County Cape Elizabeth 04107

41 Old Mill Rd, Cape Elizabeth, ME

This home is located at 41 Old Mill Rd, Cape Elizabeth, ME 04107 since 07 October 2016 and is currently estimated at $5,771,666. 41 Old Mill Rd is a home located in Cumberland County with nearby schools including Pond Cove Elementary School, Cape Elizabeth Middle School, and Cape Elizabeth High School.

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