NOT LISTED FOR SALE

505 River Rd Newcastle, ME 04553

Estimated Value: $254,597 - $437,000

3 Beds
1 Bath
1,149 Sq Ft
$298/Sq Ft Est. Value

Last Sold December 10, 2020

Last sale price $150,000 $131 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $1,993/month

4 Days on Market

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 2020

Charming 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 Agent to Sell the Property

Karen Farnsworth

Keller Williams Realty Listed on: 10/11/2020

Last Buyer's Agent

Robert Whear

ERA Excel

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$889

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.6
  • MLS Status: Closed
  • Directions: Newcastle, River Road; approx. 3.5 miles from intersection of Bus 1.
  • Above Grade Finished Sq Ft: 1149.0
  • Architectural Style: Cape
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 120.97
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.6
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1149.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Property Information:Garage Spaces: 1.0
  • Water Heater:Electric2: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Basement:Crawl Space: Yes
  • Sewer:Private Sewer: Yes
  • Recreational Water:Nearby: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Room Features:Heat Stove29: Yes
  • View:Scenic: Yes
  • Living Room Amenities:Heat Stove5: Yes
  • Loft:Loft: Yes
  • Dining Room Amenities:Heat Stove11: Yes
  • Heat System:No Heat System: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Charming 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.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Has Basement: Crawl Space, Exterior Entry, Bulkhead
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Bedroom 2 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping, Neighborhood
  • View: Scenic
  • Waterfront: No
  • Construction Type: Shingle Siding, Clapboard, Wood Frame
  • Foundation Details: Stone
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: No Heat System
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 26136.0
  • Parcel #: NEWC-000003-000000-000062
  • Zoning: District A

Tax Info

  • Tax Annual Amount: 889.0
  • Tax Lot: 062
  • Tax Year: 2020

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%
Current Estimated Value
$342,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,149
Avg. Annual Appreciation
17.78%
Original Mortgage
$157,500
Outstanding Balance
$142,725
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$199,424

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
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
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 List to Sale Price per Sq Ft
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

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 $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

  • K

    Seller's Agent in 2020

    Karen Farnsworth

    Keller Williams Realty

  • R

    Buyer's Agent in 2020

    Robert Whear

    ERA Excel

See All Agents

Map

Source: Maine Listings

MLS Number: 1472405

Maine Listings

APN: NEWC-000003-000000-000062

Maine Lincoln County Newcastle 04553

505 River Rd, Newcastle, ME

Not Listed for Sale

Detached

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