NOT LISTED FOR SALE

51 W Island Way Unit 509 Edgecomb, ME 04556

Estimated Value: $424,000 - $577,000

3 Beds
2.5 Baths
1,617 Sq Ft
$544/mo HOA Fee

Last Sold April 30, 2024

Last sale price $500,000 $309 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,030/month

98 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Contemporary Architecture
  • 3,000 Feet of Waterfront
  • Deck
  • Wood Flooring

About This Home

As of April 2024

Make yourself at home in this charming 3BR two and a half bath stand alone condo residence located in the Sheepscot Harbour Village and Resort. with beautiful views of the Sheepscot River. The open concept floor plan allows lots of natural light; the kitchen is well appointed with plenty of storage, granite counters and a central island for food prep and dining. The living room features a natural stone front propane fireplace and a window seat nook to take in the views. The first-floor primary with ensuite full bathroom also enjoys water views with access out to a patio. The second story features the second bedroom and a third large bedroom that could serve as an alternate primary with amazing water views; a shared second full bath has double sinks and bult in shelves. Just across the hall from the second-floor laundry is a lovely three season porch to take in the water breezes and enjoy gorgeous sunsets. SHVR is a mixed-use community of year-round homes, vacation homes/cottages, smaller efficiency condos in The Inn and The Lodge. and an on-site restaurant. The community shares a 700' dock with the possibility to have a mooring. Shorefront canoe/kayak racks are available to owners. Furnishings are negotiable. There is an onsite rental management company or you can manage rentals on your own. The design of this home offers potential to rent out in different configurations with primary ensuite able to serve as a lock out rental unit. Enjoy the benefits of low maintenance living in the SHVR.

Last Agent to Sell the Property

Kirstie Ransdell

Keller Williams Realty Listed on: 01/03/2024

Keller Williams Realty

Last Buyer's Agent

Lindsay Book

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,828

Year Built

  • Built in 2007

Lot Details

  • 3,000 Feet of Waterfront
  • River Front
  • Landscaped

HOA Fees

  • $544 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,617 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Gas Fireplace
  • Living Room
  • Screened Porch

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Bedroom Suite
  • Bathtub

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • Gravel Driveway
  • On-Site Parking

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Deeded Waterfront Access Rights
  • Access to Tidal Water
  • Deep Water Access
  • Docks
  • Deck
  • Patio

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • FHA/VA Approved Complex
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number EDGE-000005U-000000-000007-000509-TIF

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,828

Year Built

Built in 2007

Lot Details

0

HOA Fees

$544 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 9.3
  • Road Surface Type: Paved
  • Water Body Name: Sheepscot
  • MLS Status: Closed
  • Directions: Route 1 North turn right onto Eddy Road just past the Wiscasset Bridge. Take second driveway into the Sheepscot Village. Follow in on Village Way and take first left up the hill and make right onto West Island Way. Home is second house on the right.
  • Above Grade Finished Sq Ft: 1617.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Efficiency: Energy Star Appliances
  • Year Built: 2007
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 9.3
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1617.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Location Information:Association Fee: 544.0
  • Location Information:Fee Frequency Paid: Monthly
  • Foundation Materials:Slab: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: Yes
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 1
  • Kitchen Countertop:Granite: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Primary Bedroom Amenities:Suite6: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Room Features:Suite17: Yes
  • Heat System:Radiant: Yes
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Water Info:Waterfront Amount -: 3000.0
  • Water Info:Water Frontage Shared -: 3000.0
  • Recreational Water:Deeded: Yes
  • Recreational Water:Waterfront Deep: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • View:Scenic: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Laundry Room:Laundry Room: Yes
  • Room Features:Built-Ins30: Yes
  • Transportation:Deep Water Access: Yes
  • Recreational Water:Dock: Yes
  • Energy Efficiency:Energy Star Appliances: Yes
  • Sewer:Quasi-Public: Yes
  • Condominium:Rental Terms: daily, weekly, monthly rentals permitted
  • Living Room Amenities:Gas Fireplace5: Yes
  • Room Features:Gas Fireplace29: Yes
  • Living Room Amenities:Built-Ins14: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Property Information # Fireplaces: 1
  • Parking Reserved Parking: No
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Accessibility Features: Level Entry
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath, Bathtub, Other, Primary Bedroom w/Bath
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Laundry Room Laundry Room Level: Second

Exterior Features

  • Lot Features: Level, Rolling Slope, Landscaped, Near Town
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Deck, Patio, Porch, Screened
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Quasi-Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 544.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 405108.0
  • Parcel #: EDGE-000005U-000000-000007-000509-TIF
  • Zoning: EGD

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 5828.0
  • Tax Book Number: 5811
  • Tax Lot: 7
  • Tax Map Number: U5
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2024
Closed on
Apr 30, 2024
Sold by
Scott R Larson Lt and Larson
Bought by
Pituch Barnes Ret and Pitch
Seller's Agent
Kirstie Ransdell
Keller Williams Realty
Buyer's Agent
Lindsay Book
Keller Williams Realty
List Price
$539,000
Sold Price
$500,000
Premium/Discount to List
-$39,000
-7.24%
Views
78
Current Estimated Value
$510,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,954

Purchase Details

Closed on
Nov 19, 2021
Sold by
Perry Edward B Est
Bought by
Larson Scott R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,200
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2018
Sold by
Synergen Llc
Bought by
Perry Edward B

Purchase Details

Closed on
Jul 31, 2007
Sold by
Edgecomb Dev Llc
Bought by
Peterson Michael and Peterson Antoinette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.78%
Mortgage Type
Unknown
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
Pituch Barnes Ret $500,000 None Available
Larson Scott R -- None Available
Perry Edward B -- --
Peterson Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larson Scott R $347,200
Previous Owner Peterson Michael $472,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $500,000 -4.6% $309 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
02/08/2024 02/08/24 Price Changed $524,000 -2.8% $324 / Sq Ft
01/03/2024 01/03/24 For Sale $539,000 -- $333 / 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 $7,671 $349,004 $209,402 $139,602
2023 $5,828 $349,004 $209,402 $139,602
2022 $5,636 $349,004 $209,402 $139,602
2021 $6,090 $349,004 $209,402 $139,602
2020 $6,261 $349,004 $209,402 $139,602
2019 $6,481 $349,004 $209,402 $139,602
2018 $5,968 $349,004 $209,402 $139,602
2017 $5,856 $349,004 $209,402 $139,602
2015 $5,305 $349,004 $209,402 $139,602
2013 $4,589 $349,004 $209,402 $139,602
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1579835

Maine Listings

APN: EDGE-000005U-000000-000007-000509-TIF