Seller's Agent in 2024
Laura Davis
Portside Real Estate Group
(207) 329-9744
101 Total Sales
5 Reef Ln Unit 5 Scarborough, ME 04074
Estimated Value: $493,000 - $531,598
3
Beds
2
Baths
1,639
Sq Ft
$250/mo
HOA Fee
Highlights
- Nearby Water Access
- Public Beach
- Deck
- Scarborough High School Rated A-
- In Ground Pool
- Ranch Style House
About This Home
As of February 2024Nestled in an ideal location in Old Millbrook this single-level condo is a gem. Boasting three bedrooms and two bathrooms, it provides the perfect blend of spaciousness and intimacy.
Upon entering, you'll be greeted by the inviting living space with cathedral ceilings and fireplace, creating an open and airy atmosphere.
The master bedroom is a bright, sun-filled space with its own en-suite bathroom. Two additional bedrooms offer versatility for guests, home office or a hobby room. The thoughtful design of this home ensures comfort and functionality for every lifestyle. The sun-filled den off the kitchen is a great space to relax while overlooking your deck and backyard.
The condo is conveniently located near the center of town, ensuring easy access to shopping, restaurants, and other amenities.
Additional annual fee of $510 for common amenities including Pool, Tennis Courts, Trails, & Playground. Pets are allowed (see rules and regs).
Last Buyer's Agent
Laura Davis
Bean Group
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,122
Year Built
- Built in 1986
Lot Details
- Public Beach
- Landscaped
- Open Lot
HOA Fees
- $250 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Driveway
Home Design
- Ranch Style House
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 1,639 Sq Ft Home
- Cathedral Ceiling
- Skylights
- Wood Burning Fireplace
- Family Room with Fireplace
- Sun or Florida Room
Kitchen
- Eat-In Kitchen
- Electric Range
- Stove
- Dishwasher
- Granite Countertops
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Accessible Home Design
- Level Entry For Accessibility
Outdoor Features
- In Ground Pool
- Nearby Water Access
- Deck
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Kerosene
- Heating System Uses Wood
- Baseboard Heating
- Natural Gas Not Available
- Electric Water Heater
Listing and Financial Details
- Tax Lot 1905
- Assessor Parcel Number SCAR-000009U-000000-001905
Community Details
Overview
- FHA/VA Approved Complex
Pet Policy
- Pet Size Limit
Recreation
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 14, 2023
Closed on
Feb 20, 2024
Sold by
Geesaman Martin J
Bought by
Zhong Shlyuan and Bian Xindi
Seller's Agent
Laura Davis
Portside Real Estate Group
Buyer's Agent
Laura Davis
Bean Group
List Price
$485,000
Sold Price
$470,000
Premium/Discount to List
-$15,000
-3.09%
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,900
Avg. Annual Appreciation
4.47%
Purchase Details
Listed on
Mar 23, 2020
Closed on
Apr 9, 2020
Sold by
Richer Elaine S
Bought by
Geesaman Martin J
Seller's Agent
Laurie Marcello
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Carrie Scoville Amy Foley
The Maine Real Estate Network
List Price
$339,000
Sold Price
$329,000
Premium/Discount to List
-$10,000
-2.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$309,000
Interest Rate
3.4%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zhong Shlyuan | $470,000 | None Available | |
| Geesaman Martin J | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Geesaman Martin J | $309,000 | |
| Previous Owner | Elaine S Richer Ret | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/20/2024 02/20/24 | Sold | $470,000 | -3.1% | $287 / Sq Ft |
| 12/21/2023 12/21/23 | Pending | -- | -- | -- |
| 12/14/2023 12/14/23 | For Sale | $485,000 | +47.4% | $296 / Sq Ft |
| 04/09/2020 04/09/20 | Sold | $329,000 | -2.9% | $201 / Sq Ft |
| 04/02/2020 04/02/20 | Pending | -- | -- | -- |
| 01/21/2020 01/21/20 | For Sale | $339,000 | -- | $207 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $4,732 | $432,900 | $100,000 | $332,900 |
| 2023 | $4,122 | $258,100 | $90,000 | $168,100 |
| 2022 | $3,972 | $258,100 | $90,000 | $168,100 |
| 2021 | $3,501 | $258,100 | $90,000 | $168,100 |
| 2020 | $3,464 | $258,100 | $90,000 | $168,100 |
| 2019 | $3,794 | $258,100 | $90,000 | $168,100 |
| 2017 | $3,239 | $216,400 | $87,300 | $129,100 |
| 2016 | $3,445 | $216,400 | $87,300 | $129,100 |
| 2015 | $3,352 | $216,400 | $87,300 | $129,100 |
| 2014 | $3,117 | $216,400 | $87,300 | $129,100 |
| 2013 | -- | $216,400 | $87,300 | $129,100 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Davis
-
L
Seller's Agent in 2020
Laurie Marcello
Better Homes & Gardens Real Estate/The Masiello Group
-
C
Buyer's Agent in 2020
Carrie Scoville Amy Foley
The Maine Real Estate Network
-
Amy Foley
Buyer's Agent in 2020
Amy Foley
Signature Homes Real Estate Group, LLC
(207) 730-3071
614 Total Sales
Map
Source: Maine Listings
MLS Number: 1578731
APN: SCAR-000009U-000000-001905
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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