NOT LISTED FOR SALE

5 Park Way Otisfield, ME 04270

Estimated Value: $507,000 - $1,049,604

3 Beds
2 Baths
1,627 Sq Ft
$478/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $700,000 $430 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,909/month

14 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Deep Water Access
  • Deck
  • Docks
  • Cape Cod Architecture
  • Wooded Lot

About This Home

As of November 2020

Gorgeous Sandy Waterfront and Views! Make this your year round Paradise Home or Vacation Getaway! One of the top water quality lakes in Maine - Thompson Lake has it all~ Great lake for boating, fishing, kayaking, ice skating, snowshoe, cross country skiing, snowmobiling, for all your outdoor lake activities! Property has detached 2 Car Oversized Garage and full bonus room above & lake views awaiting your finishing touches. Home boasts open concept, cathedral ceiling living room with brick hearth and wood stove, laundry on the first floor in mudroom, fully applianced kitchen, full bath and one bedroom on the first floor. Second floor living space includes Master Bedroom overlooking the lake, third bedroom and full bath. Full unfinished walkout, daylight basement with windows overlooking the lake. Large Deck at Lakeside of home. Paved Drive. 100 feet of waterfront with 3 moorings for swim float and boats. Includes 2 lots for 1.10+/- Acres on Shore Road and Park Way. Boat Launch & Common Areas In Silvaqua included. Photos Coming!

Last Agent to Sell the Property

Cheryl Willey

Century 21 North East Listed on: 09/27/2020

Last Buyer's Agent

Christopher Sampson

Tim Dunham Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,701

Year Built

  • Built in 1986

Lot Details

  • 1.1 Acre Lot
  • 100 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Street terminates at a dead end
  • Rural Setting
  • Corner Lot
  • Open Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned Shoreland

HOA Fees

  • $4 Monthly HOA Fees

Parking

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

Property Views

  • Water
  • Scenic Vista
  • Mountain

Home Design

  • Cape Cod Architecture
  • Contemporary Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,627 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Cathedral Ceiling
  • Living Room

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Deep Water Access
  • Mooring
  • Docks
  • Deck
  • Porch

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Baseboard Heating
  • Hot Water Heating System
  • Underground Utilities
  • Generator Hookup
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Septic System
  • Private Sewer
  • Internet Available

Listing and Financial Details

  • Tax Lot 029 & 030
  • Assessor Parcel Number OTID-000009U-000000-A000029

Community Details

Overview

  • Silvaqua Homeowners Association Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,701

Year Built

Built in 1986

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.1
  • Road Surface Type: Gravel
  • Water Body Name: Thompson
  • MLS Status: Closed
  • Subdivision Name: Silvaqua Homeowners Association
  • Directions: From Casco Village,Mayberry Hill Rd to end, Left at stop sign, Turn Right onto Forest Edwards Road, Turn Left onto Silvaqua, Turn Left onto Shore Road, Right onto Park Way, to First House on Right. NO SIGN
  • Above Grade Finished Sq Ft: 1627.0
  • Architectural Style: Contemporary, Cape
  • Garage Yn: Yes
  • Year Built: 1986
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.1
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1627.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 50.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Heat Fuel:Wood2: Yes
  • Location:Rural: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Owned -: 100.0
  • Water Info:Water Frontage Shared -: 1000.0
  • Recreational Water:Waterfront Deep: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Vehicle Storage:Storage Above: Yes
  • Living Room Amenities:Cathedral Ceiling5: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • Room Features:Heat Stove29: Yes
  • View:Scenic: Yes
  • View:Mountain(s): Yes
  • Utility Info Electric On Site: Yes
  • Amenities:Furniture Included: Yes
  • Water Info:Island3: No
  • Laundry Room:Laundry Room: Yes
  • Electric:Generator Hookup: Yes
  • Recreational Water:Dock: Yes
  • Living Room Amenities:Heat Stove5: Yes
  • Electric:Underground: Yes
  • Recreational Water:Boat Mooring: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: Walk-Out Access, Daylight, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage
  • Full Basement: Yes
  • Bedroom 3 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: First
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Corner Lot, Open Lot, Rolling Slope, Wooded, Neighborhood, Rural, Subdivided
  • View: Mountain(s), Scenic
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Porch
  • Roof: Metal, Pitched
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved, On Site, Garage Door Opener, Detached, Storage

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove, Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Underground, On Site, Generator Hookup, Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee: 50.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: RSU 17/MSAD 17

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 47916.0
  • Parcel #: OTID-000009U-000000-A000029
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 6701.0
  • Tax Book Number: 3269
  • Tax Lot: 029 & 030
  • Tax Map Number: U09A
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2021
Sold by
Niederwerfer Frank H and Niederwerfer Claire L
Bought by
Dock Holiday Llc
Current Estimated Value
$778,302

Purchase Details

Listed on
Sep 27, 2020
Closed on
Nov 24, 2020
Sold by
Apse Ivars and Apse Astrida M
Bought by
Niederwerfer Frank H and Niederwerfer Claire L
Seller's Agent
Cheryl Willey
Century 21 North East
Buyer's Agent
Christopher Sampson
Tim Dunham Realty
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.11%
Original Mortgage
$510,400
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2019
Sold by
Carrier Kristina L and Apse Roberts L
Bought by
Apse Ivars and Apse Astrida M
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
Dock Holiday Llc -- None Available
Niederwerfer Frank H -- None Available
Apse Ivars -- --
Carrier Kristina L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Niederwerfer Frank H $510,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $700,000 -6.7% $430 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
09/27/2020 09/27/20 For Sale $750,000 -- $461 / 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 $7,983 $449,762 $285,400 $164,362
2023 $7,286 $449,762 $285,400 $164,362
2022 $6,589 $449,762 $285,400 $164,362
2021 $6,477 $449,762 $285,400 $164,362
2020 $6,701 $449,762 $285,400 $164,362
2019 $6,701 $449,762 $285,400 $164,362
2018 $6,544 $449,762 $285,400 $164,362
2017 $6,409 $449,762 $285,400 $164,362
2016 $6,027 $449,762 $285,400 $164,362
2015 $5,802 $449,762 $285,400 $164,362
2014 $5,397 $449,762 $285,400 $164,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1470525

Maine Listings

APN: OTID-000009U-000000-A000029