NOT LISTED FOR SALE

511 Rays Point Rd Milbridge, ME 04658

Estimated Value: $687,000

3 Beds
2 Baths
2,032 Sq Ft
$338/Sq Ft Est. Value

Last Sold January 07, 2015

Last sale price $85,000 $42 Per Sq Ft

Est. 708% increase in value since last sale

Current estimated payment $4,495/month

387 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • In Ground Pool
  • Raised Ranch Architecture
  • 200 Feet of Waterfront
  • Deck
  • Main Floor Bedroom

About This Home

As of January 2015

4 bedroom Raised Ranch with living room, dining room, 2 car garage. This home sits on a lovely 2 acre lot with 200 feet of frontage on Flat Bay. From the sunroom you have an ocean view.

Last Listed By

Sonda Chase

Coldwell Banker American Heritage Listed on: 11/20/2013

Coldwell Banker American Heritage

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Lot Details

  • 2 Acre Lot
  • 200 Feet of Waterfront
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Dirt Road
  • Rural Setting
  • Landscaped
  • Open Lot
  • Lot Has A Rolling Slope

Home Design

  • Raised Ranch Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Family Room
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Water Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • Driveway

Outdoor Features

  • In Ground Pool
  • Deeded Waterfront Access Rights
  • Deck
  • Outbuilding

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Well
  • Septic System

Community Details

  • No Home Owners Association
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Tax Lot 15A
  • Assessor Parcel Number 511Ray's Point RoadMilbridg1215A

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.0
  • Road Surface Type: Gravel
  • Water Body Name: Flat Bay
  • MLS Status: Closed
  • Directions: From Rt 1A, take Back Bay Road onto Ray's Point Road, home is on right.
  • Above Grade Finished Sq Ft: 1732.0
  • Architectural Style: Raised Ranch
  • Garage Yn: Yes
  • Year Built: 1985
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 2.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1732.0
  • Property Information:SqFt Finished Below Grade: 300.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Amenities:Pool-In Ground: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Exterior:Wood Siding: Yes
  • Sunroom:Sunroom: Yes
  • Recreational Water:Oceanfront: Yes
  • Location:Rural: Yes
  • Water Info:Waterfront Amount -: 200.0
  • Water Info:Water Frontage Owned -: 200.0
  • Recreational Water:Deeded: Yes
  • Site:RollingSloping: Yes
  • Family Room:Family Room: Yes
  • Property Information:Deed Restrictions: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Vehicle Storage:Under: Yes
  • Style:Raised Ranch: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Has Basement: Finished, Full
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 300.0
  • Interior Amenities: 1st Floor Bedroom, Primary Bedroom w/Bath
  • Full Basement: Yes
  • 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

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Landscaped, Rural
  • Pool Features: In Ground
  • Waterfront Features: Bay
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: 5 - 10 Spaces, Paved, Underground

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 87120.0
  • Parcel #: 511Ray's Point RoadMilbridg1215A
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 3226.0
  • Tax Book Number: 3227
  • Tax Lot: 15A
  • Tax Map Number: 12
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2013
Closed on
Jan 16, 2015
Sold by
Fnma
Bought by
Kennedy Cole W
Seller's Agent
Sonda Chase
Coldwell Banker American Heritage
Buyer's Agent
Sonda Chase
Coldwell Banker American Heritage
List Price
$189,900
Sold Price
$85,000
Premium/Discount to List
-$104,900
-55.24%
Total Days on Market
387
Current Estimated Value
$687,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$602,000
Avg. Annual Appreciation
18.98%

Purchase Details

Closed on
Oct 8, 2013
Sold by
Bank Of America Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 13, 2006
Sold by
Hussey Richard A and Hussey Terry A
Bought by
Cherry Patrick J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

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
Kennedy Cole W $89,250 --
Federal National Mortgage Association -- --
Cherry Patrick J -- --
Cherry Patrick J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cherry Patrick J $300,000
Previous Owner Cherry Patrick J $56,250
Previous Owner Hussey Richard A $117,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2015 01/07/15 Sold $85,000 -55.2% $42 / Sq Ft
12/15/2014 12/15/14 Pending -- -- --
11/22/2013 11/22/13 For Sale $189,900 -- $93 / 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
2022 $3,727 $245,200 $109,800 $135,400
2021 $4,029 $245,200 $109,800 $135,400
2020 $3,710 $245,200 $109,800 $135,400
2019 $4,016 $245,200 $109,800 $135,400
2018 $209 $245,200 $109,800 $135,400
2017 $4,107 $245,200 $109,800 $135,400
2016 $3,454 $219,300 $115,900 $103,400
2015 $3,525 $230,400 $122,000 $108,400
2014 $3,594 $230,400 $122,000 $108,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1117262

Maine Listings

APN: MILE-000012-000000-000015-A000000