NOT LISTED FOR SALE

5 Masefield Terrace Cape Elizabeth, ME 04107

Estimated Value: $1,491,000 - $1,586,000

4 Beds
2.5 Baths
2,500 Sq Ft
$610/Sq Ft Est. Value

Last Sold July 02, 2024

Last sale price $1,460,000 $584 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,417/month

4 Days on Market

Highlights

  • Beach Access
  • Public Beach
  • Colonial Architecture
  • Pond Cove Elementary School Rated A
  • 0.94 Acre Lot
  • Deck

About This Home

As of July 2024

Life is a Beach when you live at 5 Masefield Terrace. Sit out on the patio and listen to the waves crashing nearby and smell the salt air. From the bright blue front door, you can walk in a straight line, barefoot if you like, and find your toes in the sand and ocean water within about 3 minutes. It's a flat, easy walk. Beach access is restricted to the neighbors in this cul-de-sac community of dead end roads. If you get bored with your private beach, you're also walkable to Two Lights State Park, and just minutes to Fort Williams, Kettle Cove, Trundy Point, Robinson Woods and more. Situated in the beloved and highly desirable Broad Cove neighborhood, you will be surrounded by great neighbors and beautiful homes. Ideal neighborhood for meeting neighbors while out for a stroll or bike ride. The house is well laid out with an oversize living room, a cozy den with gorgeous stone fireplace, and recently renovated kitchen. Upstairs there are four oversize bedrooms. The basement is already set up for a hobbyist and gym enthusiast. Good finish potential if you want more finished space. The attic above the garage is also ripe for finishing if you want to expand. Sited on nearly an acre of land with privacy in the large, flat back yard from wooded screening, raised beds, flowering trees. New hardscaping and a large deck make for fabulous outdoor entertaining. With some of the best public schools in the state, easy access to Portland, and a private beach on your doorstep, 5 Masefield Terrace has every thing you could want or need.

Last Agent to Sell the Property

Nova Tower

Waypoint Brokers Collective Listed on: 05/29/2024

Last Buyer's Agent

Allessandra Malone

Waypoint Brokers Collective

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,062

Year Built

  • Built in 1978

Lot Details

  • 0.94 Acre Lot
  • Public Beach
  • Cul-De-Sac
  • Landscaped
  • Irrigation
  • Property is zoned RA

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,500 Sq Ft Home
  • Wood Burning Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Mud Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Room
  • Den
  • Storm Doors
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Stove
  • Cooktop
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior Basement Entry

Outdoor Features

  • Beach Access
  • Deck
  • Patio

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Radiant Heating System
  • Generator Hookup
  • Power Generator
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number CAPE-038056U

Community Details

Overview

  • Property has a Home Owners Association
  • Jordan Farm Subdivision

Amenities

  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,062

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.94
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Jordan Farm
  • Above Grade Finished Sq Ft: 2500.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Efficiency: Storm Doors, Low E Windows, Double Pane Windows
  • Year Built: 1978
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.94
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2500.0
  • Property Information:Garage: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: Yes
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 2.0
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Primary Bedroom Amenities:Walk-in Closet6: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Room Features:Walk-in Closet17: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Mud Room:Mud Room: Yes
  • Heat System:Multi-Zones: Yes
  • Heat System:Radiant: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Appliances Included:Cooktop: Yes
  • Appliances Included:Wall Oven: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Amenities:Attic: Yes
  • Heat Fuel:Wood2: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Room Features:Wood Burning Fireplace29: Yes
  • Vehicle Storage:Storage Above: Yes
  • Room Features:Heat Stove29: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Energy Efficiency:Low E Windows: Yes
  • Kitchen Countertop:Quartz: Yes
  • Equipment:Generator: Yes
  • Electric:Generator Hookup: Yes
  • Exterior:Aluminum Siding: Yes
  • Den:Den: Yes
  • Site:Cul-De-Sac: Yes
  • Recreational Water:Beach Rights: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Amenities:Irrigation System: Yes
  • Den Amenities:Wood Burning Fireplace7: Yes
  • Primary Bedroom Amenities:Heat Stove4: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 3
  • Special Features: None

Interior Features

  • Appliances: Washer, Wall Oven, Refrigerator, Dryer, Dishwasher, Cooktop
  • Has Basement: Walk-Out Access, Full, Doghouse, Interior Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: Walk-in Closets, Attic, Bathtub, Pantry, Storage, Primary Bedroom w/Bath
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Lot Features: Cul-De-Sac, Landscaped, Near Public Beach, Neighborhood, Irrigation System
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Garage Door Opener, Inside Entrance, Storage

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove, Radiant, Multi-Zones, Forced Air
  • Heating Yn: Yes
  • Electric: Generator Hookup, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 40946.4
  • Parcel #: CAPE-038056U
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 10062.0
  • Tax Book Number: 34812
  • Tax Lot: 56
  • Tax Map Number: U38
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2024
Closed on
Jul 2, 2024
Sold by
Reed Peter H and Reed Lisa H
Bought by
Cook Edward and Huff Jessie
Seller's Agent
Nova Tower
Waypoint Brokers Collective
Buyer's Agent
Allessandra Malone
Waypoint Brokers Collective
List Price
$1,269,000
Sold Price
$1,460,000
Premium/Discount to List
$191,000
15.05%
Views
29
Current Estimated Value
$1,526,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,199
Avg. Annual Appreciation
1.68%
Original Mortgage
$1,168,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2018
Sold by
Hess Tina R and Hess Robert E
Bought by
Reed Peter H and Reed Lisa H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,200
Interest Rate
3.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2014
Sold by
Hess Robert E and Hess Tina R
Bought by
Hess Robert E and Hess Tina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 1, 2010
Sold by
Hess Robert E
Bought by
Tencher Tina R and Hess Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2010
Sold by
Hess Beth E
Bought by
Hess Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Cook Edward $1,460,000 None Available
Cook Edward $1,460,000 None Available
Reed Peter H -- --
Hess Robert E -- --
Tencher Tina R -- --
Hess Robert E -- --
Reed Peter H -- --
Hess Robert E -- --
Tencher Tina R -- --
Hess Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Edward $1,168,000
Closed Cook Edward $1,168,000
Previous Owner Reed Peter H $495,000
Previous Owner Reed Peter H $506,200
Previous Owner Hess Robert E $310,000
Previous Owner Hess Robert E $410,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Sold $1,460,000 +15.1% $584 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $1,269,000 -- $508 / 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 $13,206 $1,200,500 $675,500 $525,000
2023 $26,819 $1,200,500 $675,500 $525,000
2022 $9,526 $450,400 $208,200 $242,200
2021 $9,125 $450,400 $208,200 $242,200
2020 $8,972 $450,400 $208,200 $242,200
2019 $8,864 $450,400 $208,200 $242,200
2018 $8,567 $450,400 $208,200 $242,200
2017 $8,107 $450,400 $208,200 $242,200
2016 $7,900 $450,400 $208,200 $242,200
2015 $7,603 $450,400 $208,200 $242,200
2013 $7,333 $450,400 $208,200 $242,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1590945

Maine Listings

APN: CAPE-038056U