M
Seller's Agent in 2021
Miles Geisler
Legacy Properties Sotheby's International Realty
(207) 380-6007
73 Total Sales
51 W Island Way Unit 51 Edgecomb, ME 04556
Estimated Value: $506,408 - $529,000
3
Beds
2.5
Baths
1,600
Sq Ft
$382/mo
HOA Fee
Highlights
- Deeded Waterfront Access Rights
- Docks
- Wood Flooring
- 3,000 Feet of Waterfront
- Boat Slip
- Main Floor Bedroom
About This Home
As of November 2021Charming cottage located within the community of Sheepscot Harbor Village Resort, a condominium development of mostly single family residences on
the shore of the Sheepscot River. This 3 bedroom home is in immaculate condition and ready to be moved into. Features include granite countertops, gas fireplace, wood flooring and a screen porch with westerly views across the Sheepscot River to the Village of Wiscasset. Amenities include common
access to a deepwater dock with opportunity for mooring and boat slip. There is currently an annex
that is rented separately through the resort management, but can easily be used as a first floor bedroom with private bath. Easy access to the villages of Wiscasset, Damariscotta and Boothbay.
Great rental history makes this an excellent investment property.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,841
Year Built
- Built in 2007
Lot Details
- 3,000 Feet of Waterfront
- River Front
- Property fronts a private road
- Landscaped
HOA Fees
- $382 Monthly HOA Fees
Property Views
- Water
- Scenic Vista
Home Design
- Cottage
- Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Wood Siding
- Shingle Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,600 Sq Ft Home
- Gas Fireplace
- Double Pane Windows
- Living Room
- Screened Porch
Kitchen
- Eat-In Kitchen
- Electric Range
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- En-Suite Primary Bedroom
- Bathtub
- Shower Only
Laundry
- Laundry on upper level
- Dryer
- Washer
Parking
- Gravel Driveway
- On-Site Parking
Outdoor Features
- Deeded Waterfront Access Rights
- Deep Water Access
- River Nearby
- Mooring
- Boat Slip
- Docks
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Propane
- Radiant Heating System
- Baseboard Heating
- Hot Water Heating System
- Tankless Water Heater
- Private Sewer
- Internet Available
Listing and Financial Details
- Tax Lot 007
- Assessor Parcel Number 51westislandwayedgecombme04556
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 30, 2024
Sold by
Scott R Larson Lt and Larson
Bought by
Pituch Barnes Ret and Pitch
Total Days on Market
57
Current Estimated Value
Purchase Details
Listed on
Jul 30, 2021
Closed on
Nov 19, 2021
Sold by
Perry Edward B Est
Bought by
Larson Scott R
Seller's Agent
Miles Geisler
Legacy Properties Sotheby's International Realty
Buyer's Agent
Kirstie Ransdell
Newcastle Realty
List Price
$469,000
Sold Price
$434,000
Premium/Discount to List
-$35,000
-7.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
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
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 |
|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 11/19/2021 11/19/21 | Sold | $434,000 | -7.5% | $271 / Sq Ft |
| 09/26/2021 09/26/21 | Pending | -- | -- | -- |
| 07/30/2021 07/30/21 | For Sale | $469,000 | -- | $293 / 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 | $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
-
Miles Geisler
-
Joanne Moore
J
Seller Co-Listing Agent in 2021
Joanne Moore
Legacy Properties Sotheby's International Realty
(207) 350-5172
61 Total Sales
-
Buyer's Agent in 2021
Kirstie Ransdell
Newcastle Realty
(207) 213-5541
69 Total Sales
Map
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Source: Maine Listings
MLS Number: 1503022
APN: EDGE-000005U-000000-000007-000509-TIF
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