K
Seller's Agent in 2020
Karen Farnsworth
Keller Williams Realty
505 River Rd Newcastle, ME 04553
Estimated Value: $248,000 - $437,000
3
Beds
1
Bath
1,149
Sq Ft
$282/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Scenic Views
- Wood Flooring
- Great Salt Bay Community School Rated A-
- Cape Cod Architecture
- Main Floor Bedroom
About This Home
As of December 2020Charming period cape on the picturesque River Road awaits your finishing touches. This circa 1900 home has had a lot of restoration work done and is ready for your ideas. The current owner purchased it with the idea of creating an artist studio and has converted the 2 car garage to a printmaking studio. This could be a great location for your new Maine home with room for expansion and an in-law suite or Air B&B possibilities. High-speed internet is available at this location. New septic system in 2005
Last Listed By
Karen Farnsworth
Keller Williams Realty Listed on: 10/11/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $889
Year Built
- Built in 1900
Lot Details
- 0.6 Acre Lot
- Level Lot
- Open Lot
- Property is zoned District A
Parking
- 1 Car Garage
- Gravel Driveway
Home Design
- Cape Cod Architecture
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Clap Board Siding
- Shingle Siding
- Clapboard
Interior Spaces
- 1,149 Sq Ft Home
- Living Room
- Dining Room
- Loft
- Scenic Vista Views
- Stove
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- 1 Full Bathroom
Basement
- Exterior Basement Entry
- Crawl Space
Outdoor Features
- Nearby Water Access
Utilities
- No Cooling
- Heating Available
- Natural Gas Not Available
- Private Water Source
- Electric Water Heater
- Private Sewer
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 062
- Assessor Parcel Number NEWC-000003-000000-000062
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2020
Closed on
Dec 10, 2020
Sold by
Sunshine T
Bought by
Spinney Joel S
Seller's Agent
Karen Farnsworth
Keller Williams Realty
Buyer's Agent
Robert Whear
ERA Excel
List Price
$139,000
Sold Price
$150,000
Premium/Discount to List
$11,000
7.91%
Total Days on Market
4
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
$173,915
Avg. Annual Appreciation
18.04%
Original Mortgage
$157,500
Outstanding Balance
$145,236
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$166,000
Purchase Details
Closed on
Dec 20, 2018
Sold by
Arter Thomas H
Bought by
Damariscotta River Assn
Purchase Details
Closed on
Mar 1, 2018
Sold by
Arter Debra L
Bought by
Arter Thomas H
Purchase Details
Closed on
Jul 27, 2005
Sold by
Shadis Patricia V and Shadis Raymond G
Bought by
Shadis Victoria C and Shadis Rendall R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 |
|---|---|---|---|
| Spinney Joel S | -- | None Available | |
| Damariscotta River Assn | -- | -- | |
| Arter Thomas H | -- | -- | |
| Shadis Victoria C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Spinney Joel S | $157,500 | |
| Previous Owner | Shadis Victoria C | $154,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/10/2020 12/10/20 | Sold | $150,000 | +7.9% | $131 / Sq Ft |
| 10/16/2020 10/16/20 | Pending | -- | -- | -- |
| 10/11/2020 10/11/20 | For Sale | $139,000 | -- | $121 / 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 | $2,335 | $171,700 | $64,600 | $107,100 |
| 2023 | $2,022 | $126,400 | $49,400 | $77,000 |
| 2022 | $2,119 | $133,300 | $49,400 | $83,900 |
| 2021 | $2,039 | $133,300 | $49,400 | $83,900 |
| 2020 | $890 | $49,700 | $31,200 | $18,500 |
| 2019 | $890 | $49,700 | $31,200 | $18,500 |
| 2018 | $890 | $49,700 | $31,200 | $18,500 |
| 2017 | $897 | $49,700 | $31,200 | $18,500 |
| 2016 | $897 | $49,700 | $31,200 | $18,500 |
| 2015 | $897 | $49,700 | $31,200 | $18,500 |
| 2013 | $1,461 | $91,900 | $57,000 | $34,900 |
Source: Public Records
Agents Affiliated with this Home
-
-
R
Buyer's Agent in 2020
Robert Whear
ERA Excel
Map
Similar Home in Newcastle, ME
-
$350,000
- 3 Beds
- 1.5 Baths
- 1,140 Sq Ft
- 287 Jones Woods Rd
- Newcastle, ME
Built with care, this brand-new, darling saltbox is ready to welcome you home. Enter through the garage or front door leading into the open concept living room/eat-in kitchen space with custom cabinets and warm, wood accents. Upstairs there is a large primary bedroom and two additional bedrooms plus a full bathroom with double vanities. The generously-sized 4.2-acre lot provides privacy and
Carmen Reed Newcastle Realty
Source: Maine Listings
MLS Number: 1472405
APN: NEWC-000003-000000-000062
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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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