NOT LISTED FOR SALE

45 Loon Cove Palermo, ME 04354

Estimated Value: $449,444 - $488,000

3 Beds
2 Baths
1,264 Sq Ft
$371/Sq Ft Est. Value

Last Sold August 18, 2017

Last sale price $270,000 $214 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,864/month

123 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Deck
  • 90 Feet of Waterfront
  • Home fronts a pond
  • Cathedral Ceiling

About This Home

As of August 2017

A wonderful opportunity to own a beautiful property with a prime location on Sheepscot Lake. It offers gorgeous views down the lake, beautiful sunsets, and a gradual lawn area right to the water's edge. Sleeps 8-10 between the 2 bdrm, 1 bath year-round ranch, the separate guest quarters with another BR & BA, plus a bunk house. Large deck, long dock, great swimming area, and a fun lake to boat on. New roof. Close proximity to Central Maine, the Mid Coast, & an easy 1 1/2 hour drive to Portland. Don't wait.

Last Agent to Sell the Property

Brian Rizzo

Rizzo Mattson Brokerage Phone: 207-622-9000 Listed on: 03/31/2017

Last Buyer's Agent

Matthew Pouliot

RE/MAX Riverside

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,239

Year Built

  • Built in 1960

Lot Details

  • 0.32 Acre Lot
  • Home fronts a pond
  • 90 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Street terminates at a dead end
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned Shoreland

Property Views

  • Water
  • Scenic Vista

Home Design

  • Ranch Style House
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Log Siding

Interior Spaces

  • 1,264 Sq Ft Home
  • Cathedral Ceiling
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Laundry on main level

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Shower Only

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deep Water Access
  • Docks
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number PALE-000002-000000-000040-D000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,239

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.32
  • Road Surface Type: Gravel
  • Water Body Name: Sheepscot
  • MLS Status: Closed
  • Directions: From I-95 Exit 113 in Augusta. East on Route 3 for approximately 20.5 miles. Right onto Turner Ridge Road. Go 2.5 miles to left onto Gore Road. Go 1.5 miles to left on East Shores Road. Go 1 mile to left on Loon Cove. Home will be on the right.
  • Above Grade Finished Sq Ft: 1264.0
  • Architectural Style: Ranch
  • Year Built: 1960
  • Attribution Contact: 207-622-9000
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.32
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1264.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Amenities:Storage: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Style:Ranch: Yes
  • Parking:On Site2: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 90.0
  • Water Info:Water Frontage Owned -: 90.0
  • Recreational Water:Deeded: Yes
  • Recreational Water:Waterfront Deep: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Living Room Amenities:Cathedral Ceiling5: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Transportation:Deep Water Access: Yes
  • Recreational Water:Dock: Yes
  • Washer/Dryer Other Location: Yes
  • Dining Room Amenities:Vaulted Ceiling8: Yes
  • Basement Entry:Exterior Only: Yes
  • Kitchen Amenities:Vaulted Ceiling12: Yes
  • Dining Room Amenities:Gas Fireplace11: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher
  • Has Basement: Crawl Space, Exterior Only
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Bedroom, Other, Shower, Storage
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Other
  • View: Scenic
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes
  • Construction Type: Log Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Exterior:Log Siding: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, On Site, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13939.2
  • Parcel #: PALE-000002-000000-000040-D000000
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 3239.0
  • Tax Book Number: 3170
  • Tax Lot: 40
  • Tax Map Number: D2
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2017
Closed on
Aug 28, 2017
Sold by
Gooch Timothy
Bought by
Hammonds Amy and Hammonds Virgel
Seller's Agent
Brian Rizzo
Rizzo Mattson
Buyer's Agent
Matthew Pouliot
RE/MAX Riverside
List Price
$289,900
Sold Price
$270,000
Premium/Discount to List
-$19,900
-6.86%
Current Estimated Value
$468,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,722
Avg. Annual Appreciation
7.05%
Original Mortgage
$216,000
Interest Rate
4.03%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Hammonds Amy -- --
Hammonds Amy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hammonds Virgel $203,000
Closed Hammonds Amy $216,000
Previous Owner Gooch Timothy $213,750
Previous Owner Brown N W $115,000
Previous Owner Brown N W $237,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2017 08/18/17 Sold $270,000 -6.9% $214 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $289,900 -- $229 / 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 $3,780 $328,700 $103,300 $225,400
2023 $3,616 $328,700 $103,300 $225,400
2022 $3,418 $328,700 $103,300 $225,400
2021 $3,387 $245,400 $103,300 $142,100
2020 $3,313 $245,400 $103,300 $142,100
2019 $3,264 $245,400 $103,300 $142,100
2018 $3,117 $245,400 $103,300 $142,100
2017 $3,288 $245,400 $103,300 $142,100
2016 $3,239 $245,400 $103,300 $142,100
2015 $3,253 $244,600 $103,300 $141,300
2013 $2,646 $230,100 $103,300 $126,800
Source: Public Records

Agents Affiliated with this Home

  • Brian Rizzo

    Seller's Agent in 2017

    Brian Rizzo

    Rizzo Mattson

    (207) 215-9793

    157 Total Sales

    Brian Rizzo
    Section Image

  • M

    Buyer's Agent in 2017

    Matthew Pouliot

    RE/MAX Riverside

  • Matt Pouliot

    Buyer's Agent in 2017

    Matt Pouliot

    Pouliot Real Estate

    (207) 441-9418

    210 Total Sales

    Matt Pouliot
    Section Image
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Map

Source: Maine Listings

MLS Number: 1299766

Maine Listings

APN: PALE-000002-000000-000040-D000000

Maine Waldo County Palermo 04354

45 Loon Cove, Palermo, ME

This home is located at 45 Loon Cove, Palermo, ME 04354 since 31 March 2017 and is currently estimated at $468,722, approximately $370 per square foot. This property was built in 1960. 45 Loon Cove is a home located in Waldo County.

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