NOT LISTED FOR SALE

503 Ocean House Rd Cape Elizabeth, ME 04107

Estimated Value: $850,000 - $1,085,000

4 Beds
2.5 Baths
2,424 Sq Ft
$393/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $460,000 $190 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,483/month

79 Days on Market

Highlights

  • Public Beach
  • Vaulted Ceiling
  • Farmhouse Style Home
  • Pond Cove Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of November 2018

Graciously positioned on a private beautifully manicured half acre lot near the beach is this New England Farmhouse. Relax on the farmer's porch overlooking the property. A newer addition to the home consists of a large family room situated at the end of the house for quiet privacy. Beautiful custom built-ins line the wall in the spacious master bedroom. The laundry is located on the second floor for your convenience. Abundant natural light encompasses the open first floor. The home can easily be set up for Airbnb. You'll have the opportunity to do some cosmetic updates and make this home your own. Walk or ride your bikes to area beaches, restaurants and Green Belt Trails. Close to Cape's town center and Portland!

Last Agent to Sell the Property

Kathleen Cramer-Howe

Coldwell Banker Realty Brokerage Phone: 207-773-1990 Listed on: 07/18/2018

Coldwell Banker Realty

Last Buyer's Agent

Nova Tower

Vitalius Real Estate Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,507

Year Built

  • Built in 1908

Lot Details

  • 0.59 Acre Lot
  • Public Beach
  • Fenced
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned RA

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 2,424 Sq Ft Home
  • Built-In Features
  • Vaulted Ceiling

Kitchen

  • Electric Range
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • Bathtub

Laundry

  • Laundry on upper level
  • Dryer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Patio
  • Shed
  • Porch

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Generator Hookup
  • Power Generator
  • Natural Gas Not Available
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 503 Ocean House Road, Cape Elizabeth

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,507

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.59
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Route 77 south, turn right on Wentworth, second driveway on left.
  • Above Grade Finished Sq Ft: 2424.0
  • Architectural Style: Farmhouse
  • Garage Yn: No
  • Year Built: 1908
  • Attribution Contact: 207-773-1990
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.59
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2424.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Fence: Yes
  • Heat Fuel:Electric: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Gas:No Gas: Yes
  • Foundation Materials:Stone: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Equipment:Generator: Yes
  • Basement:Sump Pump: Yes
  • Electric:Generator Hookup: Yes
  • Cooling:AC Units: Yes
  • Primary Bedroom Amenities:Vaulted Ceiling15: Yes
  • Primary Bedroom Amenities:Built-Ins15: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Dryer, Disposal, Dishwasher
  • Has Basement: Full, Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Bathtub
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: Second
  • Laundry Room Laundry Room Level: Second

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Open Lot, Landscaped, Near Public Beach, Near Town
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Stone
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Laundry Features: Upper Level
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Generator Hookup, Circuit Breakers
  • Sewer: Other
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 25700.4
  • Parcel #: 503 Ocean House Road, Cape Elizabeth
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 6507.0
  • Tax Book Number: 15507
  • Tax Lot: 17
  • Tax Map Number: U18
  • Tax Year: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2018
Closed on
Nov 16, 2018
Sold by
Babcock Danika H and Babcock Patrick M
Bought by
Parisi David P and Parisi Kathryn
Seller's Agent
Kathleen Cramer-Howe
Coldwell Banker Realty
Buyer's Agent
Nova Tower
Vitalius Real Estate Group, LLC
List Price
$500,000
Sold Price
$460,000
Premium/Discount to List
-$40,000
-8%
Current Estimated Value
$952,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$492,709
Avg. Annual Appreciation
11.27%
Original Mortgage
$160,000
Outstanding Balance
$140,957
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$811,752
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
Parisi David P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parisi David P $160,000
Previous Owner Babcock Patrick M $318,750
Previous Owner Babcock Danika H $147,000
Previous Owner Babcock Patrick M $140,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $460,000 -8.0% $190 / Sq Ft
10/06/2018 10/06/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $500,000 -- $206 / 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 $3,995 $363,200 $0 $363,200
2023 $8,114 $363,200 $0 $363,200
2022 $7,646 $361,500 $133,600 $227,900
2021 $7,324 $361,500 $133,600 $227,900
2020 $7,201 $361,500 $133,600 $227,900
2019 $7,114 $361,500 $133,600 $227,900
2018 $6,876 $361,500 $133,600 $227,900
2017 $6,507 $361,500 $133,600 $227,900
2016 $6,341 $361,500 $133,600 $227,900
2015 $6,102 $361,500 $133,600 $227,900
2013 $5,885 $361,500 $133,600 $227,900
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kathleen Cramer-Howe

    Coldwell Banker Realty

    (207) 712-4818

    1 in this area

    12 Total Sales

    Kathleen Cramer-Howe
    Section Image

  • N

    Buyer's Agent in 2018

    Nova Tower

    Vitalius Real Estate Group, LLC

See All Agents

Map

Source: Maine Listings

MLS Number: 1360036

Maine Listings

APN: CAPE-018017U

Maine Cumberland County Cape Elizabeth 04107

503 Ocean House Rd, Cape Elizabeth, ME

This home is located at 503 Ocean House Rd, Cape Elizabeth, ME 04107 since 18 July 2018 and is currently estimated at $952,709, approximately $393 per square foot. This property was built in 1908. 503 Ocean House Rd is a home located in Cumberland County with nearby schools including Pond Cove Elementary School, Cape Elizabeth Middle School, and Cape Elizabeth High School.

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