NOT LISTED FOR SALE

5 Phillips Cove Rd Cape Neddick, ME 03902

Ogunquit Neighborhood

Estimated Value: $2,227,000 - $4,537,218

2.13 Acres
$1,578,438 Price per Acre
92,783 Sq Ft Lot

Last Sold January 21, 2019

Last sale price $615,000

Est. 447% increase in value since last sale

Current estimated payment $19,471/month

216 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 210 Feet of Waterfront
  • Country Club
  • Coastal Ridge Elementary School Rated A-
  • Public Beach
  • 2.13 Acre Lot

About This Lot

As of January 2019

Don't miss the opportunity to become a member of this exclusive, private neighborhood in Cape Neddick, Maine! The property sits on higher elevation providing sweeping, panoramic views of the Atlantic Ocean over protected lands. This private neighborhood features some of the finest estates in Cape Neddick and comes with deeded rights to your own private beach. At just over 2 acres, you have incredible design flexibility with a large buildable footprint. Last lot left!

Last Agent to Sell the Property

Chris Erikson, Esq.

The Aland Realty Group, LLC Listed on: 05/16/2018

The Aland Realty Group, LLC

Last Buyer's Agent

Ali Goodwin

Keller Williams Coastal and Lakes & Mountains Realty

Keller Williams Coastal and Lakes & Mountains Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,460

Lot Details

  • 2.13 Acre Lot
  • 210 Feet of Waterfront
  • Ocean Front
  • Property fronts a private road
  • Public Beach
  • Cul-De-Sac
  • Street terminates at a dead end
  • Landscaped
  • Wooded Lot
  • Property is zoned Res-2

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • No Driveway

Property Views

  • Water
  • Scenic Vista

Utilities

  • Underground Utilities
  • Natural Gas Not Available
  • Seasonal Water
  • Well Required
  • Septic Needed

Additional Features

  • Property is near a golf course
  • Pasture

Listing and Financial Details

  • Tax Lot 1H
  • Assessor Parcel Number 5Phillips Cove RdYork1001H

Community Details

Overview

  • Phillips Farm Homeowners Association Subdivision

Recreation

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

Property Details

Property Type

Land

Est. Annual Taxes

$8,460

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 2.13
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Subdivision Name: Phillips Farm Homeowners Association
  • Directions: From Route 1 North take right onto River Rd. Follow until end and take left onto Shore Rd. Travel 1.4 miles and Phillips Cove Rd will be on your left.
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.13
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Location Information:Association Fee: 300.0
  • Location Information:Fee Frequency Paid: Annually
  • Roads:Private: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Recreational Water:Nearby: Yes
  • Roads:Dead End: Yes
  • Water Info:Waterfront Amount -: 210.0
  • Water Info:Water Frontage Owned -: 210.0
  • Recreational Water:Deeded: Yes
  • Site:Wooded: Yes
  • Driveway:No Driveway: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • View:Fields: Yes
  • Water:Well Needed on Site: Yes
  • Utility Info Electric On Site: Yes
  • Sewer:Septic Needed: Yes
  • Site:PastureField: Yes
  • Water:Seasonal4: Yes
  • Site:Cul-De-Sac: Yes
  • Electric:Underground: Yes
  • Recreational Water:Beach Rights: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Cul-De-Sac, Landscaped, Wooded, Pasture, Near Golf Course, Near Public Beach, Near Shopping, Neighborhood, Subdivided
  • View: Fields, Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Electric: Underground, On Site
  • Sewer: Septic Needed
  • Water Source: Seasonal, Well Needed on Site

Condo/Co-op/Association

  • Association Fee: 300.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Lot Size Sq Ft: 92782.8
  • Parcel #: 5Phillips Cove RdYork1001H
  • Zoning: Res-2

Tax Info

  • Tax Annual Amount: 8460.0
  • Tax Lot: 1H
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2022
Sold by
Landay Bruce M and Landay Nancy C
Bought by
5 Pc T
Current Estimated Value
$3,362,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Outstanding Balance
$1,462,507
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,899,566

Purchase Details

Closed on
Jun 11, 2015
Sold by
Cerik Properties 1 Llc
Bought by
Cole Joshua P and Fournier Judith L

Purchase Details

Closed on
Oct 19, 2009
Sold by
Varriale Julia M and Mitchell Everett C
Bought by
Cerik Properties 1 Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
5 Pc T -- None Available
Cole Joshua P -- --
Cerik Properties 1 Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5 Pc T $1,575,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2019 01/21/19 Sold $615,000 -18.0% --
12/19/2018 12/19/18 Pending -- -- --
05/16/2018 05/16/18 For Sale $749,900 -- --
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 $20,913 $2,489,600 $985,600 $1,504,000
2023 $18,544 $2,194,500 $675,000 $1,519,500
2022 $17,938 $2,098,000 $675,000 $1,423,000
2021 $12,464 $1,252,700 $648,100 $604,600
2020 $7,416 $668,100 $648,100 $20,000
2019 $7,226 $648,100 $648,100 $0
2018 $8,281 $742,700 $742,700 $0
2017 $8,309 $758,800 $758,800 $0
2016 $8,461 $758,800 $758,800 $0
2015 $7,992 $726,500 $726,500 $0
2014 $7,774 $726,500 $726,500 $0
2013 $5,096 $488,600 $488,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Erikson, Esq.

    Seller's Agent in 2019

    Chris Erikson, Esq.

    The Aland Realty Group, LLC

    (603) 930-4470

    16 in this area

    123 Total Sales

    Chris Erikson, Esq.
    Section Image
  • Ali Goodwin

    Buyer's Agent in 2019

    Ali Goodwin

    Keller Williams Coastal and Lakes & Mountains Realty

    (603) 957-8466

    1 in this area

    87 Total Sales

    Ali Goodwin
    Section Image

  • A

    Buyer's Agent in 2019

    Alicia Goodwin

    Keller Williams Coastal and Lakes & Mountains Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1350781

Maine Listings

APN: 0100 0001 E

Maine York County Cape Neddick 03902 Ogunquit

5 Phillips Cove Rd, Cape Neddick, ME

Not Listed for Sale

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