NOT LISTED FOR SALE

505 River Rd Newcastle, ME 04553

Estimated Value: $274,631 - $493,000

3 Beds
1 Bath
1,149 Sq Ft
$301/Sq Ft Est. Value

Last Sold December 10, 2020

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

Est. 131% increase in value since last sale

Current estimated payment $2,122/month

4 Days on Market

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

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
$345,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,908
Avg. Annual Appreciation
17.53%
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
Source: Public Records

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Range of Values:

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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 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

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

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Map

Source: Maine Listings

MLS Number: 1472405

Maine Listings

APN: NEWC-000003-000000-000062