NOT LISTED FOR SALE

487 Ocean Point Rd East Boothbay, ME 04544

Estimated Value: $558,000 - $851,000

3 Beds
1.5 Baths
1,700 Sq Ft
$449/Sq Ft Est. Value

Last Sold February 10, 2023

Last sale price $925,000 $544 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $4,663/month

70 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Deck
  • 162 Feet of Waterfront
  • Country Club
  • Wood Flooring

About This Home

As of February 2023

Outstanding waterfront location along the shores of Linekin Bay in East Boothbay. This charming seasonal home is being offered for the first time in over 50 years. There is a wonderful wrap around porch overlooking your own private dock. The first floor features a great open living room with a wood burning fireplace, a dining area, a half bathroom, and a kitchen that is awaiting your re-design. On the second floor you'll find 3 bedrooms and a full bathroom, as well as two additional rooms for extra living / office space. There is also a finished attic for additional living or storage space. Great proximity to all of the Boothbay region amenities, and convenient to the local shops and restaurants. You'll also have easy access to all of the terrific boating opportunities on Linekin Bay.

Last Listed By

Brian Wickenden

Legacy Properties Sotheby's International Realty Listed on: 10/03/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,424

Year Built

  • Built in 1934

Lot Details

  • 0.47 Acre Lot
  • 162 Feet of Waterfront
  • Ocean Front
  • Seasonal Access to Property
  • Open Lot
  • Lot Has A Rolling Slope
  • Property is zoned Shoreland

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1,700 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Gas Range
  • Attic

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

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

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Not Available
  • Seasonal Water
  • No Water Heater
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number BOOT-000011U-000012

Community Details

Overview

  • No Home Owners Association

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,424

Year Built

Built in 1934

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.47
  • Road Surface Type: Paved
  • Water Body Name: Linekin Bay
  • MLS Status: Closed
  • Directions: US-1 to ME-27 S towards Boothbay Region, turn left at traffic light onto ME-96 E/Ocean Point Rd. through East Boothbay Village, look for property on Right #487.
  • Above Grade Finished Sq Ft: 1700.0
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Year Built: 1934
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.47
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1700.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Property Information:Garage Spaces: 1.0
  • Heat Fuel:Electric: Yes
  • Vehicle Storage:Detached: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Exterior:Wood Siding: Yes
  • Bonus Room:Bonus Room: Yes
  • Office:Office: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Attic: Yes
  • Water Info:Waterfront Amount -: 162.0
  • Water Info:Water Frontage Owned -: 162.0
  • Recreational Water:Deeded: Yes
  • Recreational Water:Waterfront Deep: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Appliances Included:Gas Range: Yes
  • Sewer:Septic Existing on Site: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Recreational Water:Dock: Yes
  • Water:Seasonal4: Yes
  • Water Heater:None2: Yes
  • Electric:Fuses: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Washer, Gas Range, Dryer
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Near Golf Course, Near Town
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Gravel, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Fuses, Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Public, Seasonal

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20473.2
  • Parcel #: BOOT-000011U-000012
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 5424.0
  • Tax Book Number: 4193
  • Tax Lot: 12
  • Tax Map Number: U11
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2022
Closed on
Jan 25, 2023
Sold by
Colombo Caryn J Est
Bought by
Niles John L and Laliberte Karen A
Seller's Agent
Brian Wickenden
Legacy Properties Sotheby's International Realty
Buyer's Agent
Michael Princiotta
Keller Williams Realty
List Price
$1,150,000
Sold Price
$925,000
Premium/Discount to List
-$225,000
-19.57%
Total Days on Market
70
Views
1
Current Estimated Value
$763,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$161,790
Avg. Annual Appreciation
5.19%

Purchase Details

Listed on
Oct 3, 2022
Closed on
Jan 10, 2023
Sold by
Dolores F Colombo Ret
Bought by
Colombo Debra L Est
Seller's Agent
Brian Wickenden
Legacy Properties Sotheby's International Realty
Buyer's Agent
Michael Princiotta
Keller Williams Realty
List Price
$1,150,000
Sold Price
$925,000
Premium/Discount to List
-$225,000
-19.57%
Views
1

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 Buyer Sale Price Title Company
Niles John L $231,250 None Available
Colombo Debra L Est -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2023 02/10/23 Sold $925,000 -7.0% $544 / Sq Ft
11/23/2022 11/23/22 Price Changed $995,000 -7.4% $585 / Sq Ft
10/21/2022 10/21/22 Price Changed $1,075,000 -6.5% $632 / Sq Ft
10/03/2022 10/03/22 For Sale $1,150,000 -- $676 / 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 $5,182 $456,570 $432,600 $23,970
2023 $5,708 $567,977 $432,600 $135,377
2022 $5,282 $567,977 $432,600 $135,377
2021 $5,424 $567,977 $432,600 $135,377
2020 $5,453 $567,977 $432,600 $135,377
2019 $5,367 $567,977 $432,600 $135,377
2018 $5,282 $567,977 $432,600 $135,377
2017 $4,537 $493,100 $352,100 $141,000
2016 $4,339 $493,100 $352,100 $141,000
2015 $4,315 $493,100 $352,100 $141,000
2014 $4,191 $493,100 $352,100 $141,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1544888

Maine Listings

APN: BOOT-000011U-000012