$480,000
SOLD DEC 13, 2024
2 Beds
1 Bath
1,675 Sq Ft
$350/mo HOA Fee

Recently Sold

$287 Per Sq Ft

1% Above List Price

7 Days on Market

Highlights

  • Nearby Water Access
  • Public Beach
  • Porch
  • Pond Cove Elementary School Rated A
  • Granite Countertops
  • Eat-In Kitchen

About This Home

As of December 2024

Welcome to this spacious and sunny Cape Elizabeth condo located in the desireable Cottage Farms Place. This convenient, one-level first floor unit features 2 spacious bedrooms, a beautifully renovated bathroom, a newer kitchen complete with granite and stainless steel appliances. An open-concept living room, dining area and kitchen are perfect for entertaining. There is also a cozy nook that can be used as a home office or reading area. A private covered porch exclusive to this unit is perfect for drinking your morning coffee. You also have direct access to a huge basement for all of your storage needs. This too is exclusive to this unit. Many updates have been done including fresh paint, new flooring & many new windows. The association is well established and runs smoothly. The location of this condo can not be matched. You are within walking distance to Cliff House Beach, Portland Headlight, Ft. Williams Park, Willard Square, the Greenbelt Trail System and many local shops and eateries. Don't miss this rare offering. These units don't come on the market often.

Last Agent to Sell the Property

Shea McGonigal

Beacon Realty Listed on: 10/31/2024

Last Buyer's Agent

Eric Meadows Margaret {Maggie} Ellis

Portside Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,362

Year Built

  • Built in 1986

Lot Details

  • Public Beach
  • Landscaped

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 1,675 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Home Security

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Reserved Parking

Outdoor Features

  • Nearby Water Access
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 060
  • Assessor Parcel Number CAPE-001060U-000003

Community Details

Overview

  • 8 Units
  • Cottage Farms Place Subdivision

Pet Policy

  • Pets Allowed
  • Pet Restriction
  • Pet Size Limit

Additional Features

  • Community Storage Space
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,362

Year Built

Built in 1986

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Cottage Farms Place
  • Directions: Shore Rd. to right on Woodland Road. to #51
  • Above Grade Finished Sq Ft: 1675.0
  • Architectural Style: Multi-Level, Other Style
  • Garage Yn: No
  • Efficiency: Storm Doors
  • Year Built: 1986
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1675.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 350.0
  • Location Information:Fee Frequency Paid: Monthly
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 8
  • Kitchen Countertop:Granite: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Floors:Laminate: Yes
  • Exterior:Clapboard: Yes
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Info:Island3: No
  • Foundation Materials:Granite2: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Condominium:Total Units4: 8
  • Condominium:Rental Terms: 6 month minimum.
  • Condominium:_pound_ of Buildings: 1
  • Restrictions:Pet Weight Limit: Yes
  • Restrictions:Pet: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Parking Reserved Parking Spaces: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living, Shower, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Landscaped, Near Public Beach, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Clapboard, Wood Frame
  • Foundation Details: Block, Granite
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 350.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions, Yes, Size Limit

Schools

  • Junior High Dist: Cape Elizabeth Public Schools

Lot Info

  • Land Lease: No
  • Parcel #: CAPE-001060U-000003
  • Zoning: Res

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 4362.0
  • Tax Book Number: 40466
  • Tax Lot: 060
  • Tax Map Number: U1
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2024
Closed on
Dec 13, 2024
Sold by
Best Sara E and Staro Chad M
Bought by
Gilmore Theresa R and Gilmore Stuart A
Seller's Agent
Shea McGonigal
Beacon Realty
Buyer's Agent
Eric Meadows Margaret {Maggie} Ellis
Portside Real Estate Group
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%
Views
22
Current Estimated Value
$506,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,623
Avg. Annual Appreciation
4.47%
Original Mortgage
$384,000
Outstanding Balance
$382,659
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$113,349

Purchase Details

Closed on
Nov 1, 2023
Sold by
Charles M Staro Ret and Best
Bought by
Best Sara E and Staro Chad M

Purchase Details

Listed on
Jul 20, 2016
Closed on
Sep 26, 2016
Sold by
Kmm Rt and Cain
Bought by
Staro Charles M
Seller's Agent
Erin Grady
Bostwick and Company, Inc.
Buyer's Agent
Shea McGonigal
Benchmark Real Estate
List Price
$229,900
Sold Price
$206,247
Premium/Discount to List
-$23,653
-10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.27%

Purchase Details

Closed on
Nov 14, 2012
Sold by
Muldoon Kathleen M
Bought by
Kmm Rt and Muldoon

Purchase Details

Closed on
Jul 14, 2006
Sold by
Cottage Farms Assoc Llc
Bought by
Muldoon Kathleen M
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 Type Sale Price Title Company
Warranty Deed $480,000 None Available
Warranty Deed $480,000 None Available
Deed -- None Available
Deed -- None Available
Personal Reps Deed -- None Available
Deed -- --
Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $384,000 Purchase Money Mortgage
Closed $384,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Sold $480,000 +1.1% $287 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
10/31/2024 10/31/24 For Sale $475,000 +130.3% $284 / Sq Ft
09/23/2016 09/23/16 Sold $206,247 -10.3% $146 / Sq Ft
09/04/2016 09/04/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $229,900 -- $163 / 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 $4,362 $396,500 $160,000 $236,500
2023 $8,858 $396,500 $160,000 $236,500
2022 $3,868 $182,900 $70,000 $112,900
2021 $3,706 $182,900 $70,000 $112,900
2020 $3,643 $182,900 $70,000 $112,900
2019 $3,599 $182,900 $70,000 $112,900
2018 $3,479 $182,900 $70,000 $112,900
2017 $3,292 $182,900 $70,000 $112,900
2016 $3,208 $182,900 $70,000 $112,900
2015 $3,087 $182,900 $70,000 $112,900
2013 $2,978 $182,900 $70,000 $112,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1608311

Maine Listings

APN: CAPE-001060U-000003