NOT LISTED FOR SALE

523 Point Rd Otis, ME 04605

Estimated Value: $360,000 - $513,562

2 Beds
1 Bath
824 Sq Ft
$546/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $170,000 $206 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $2,640/month

17 Days on Market

Highlights

  • 135 Feet of Waterfront
  • Deck
  • Main Floor Bedroom
  • Home fronts a pond
  • Wooded Lot
  • No HOA

About This Home

As of September 2019

Priced below tax assessed value! Seasonal camp on much desired Beech Hill Pond, needs some TLC, but has a generous amount of frontage with nice sandy access. Recently added deck, and updated septic system in 1999. Water is lake drawn. Seems fairly private with surrounding trees.

Last Agent to Sell the Property

Debra Porter

Acadia Realty Group Listed on: 08/09/2019

Last Buyer's Agent

Debra Porter

Berkshire Hathaway HomeServices Northeast Real Estate

Berkshire Hathaway HomeServices Northeast Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,362

Year Built

  • Built in 1940

Lot Details

  • 0.63 Acre Lot
  • Home fronts a pond
  • 135 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Rural Setting
  • Seasonal Access to Property
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned Shoreland

Parking

  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • 824 Sq Ft Home
  • Camp Architecture
  • Gambrel Roof
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Metal Siding
  • Vinyl Siding

Kitchen

  • Electric Range
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Propane
  • The lake is a source of water for the property
  • Well Required
  • No Water Heater
  • Septic System
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 67
  • Assessor Parcel Number 523PointRoadOtis04605

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,362

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.63
  • Road Surface Type: Gravel
  • Water Body Name: Beech Hill Pond
  • Ownership: Release Deed
  • MLS Status: Closed
  • Directions: Take Route 180 in Otis to the Point Road. Follow to end of pavement and then about half a mile on gravel road, look for sign and address.
  • Above Grade Finished Sq Ft: 824.0
  • Architectural Style: Camp, Gambrel
  • Garage Yn: No
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 265.78
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.63
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 824.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Electric Range: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Exterior:Vinyl Siding: Yes
  • Roof:Metal: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 135.0
  • Water Info:Water Frontage Owned -: 135.0
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Site:RollingSloping: Yes
  • Style:Camp: Yes
  • Sewer:Septic Existing on Site: Yes
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • Water:Well Needed on Site: Yes
  • Water Info:Island3: No
  • Style:Gambrel: Yes
  • Exterior:Metal Clad: Yes
  • Heat System:Space Heater: Yes
  • Water Heater:None2: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Priced below tax assessed value! Seasonal camp on much desired Beech Hill Pond, needs some TLC, but has a generous amount of frontage with nice sandy access. Recently added deck, and updated septic system in 1999. Water is lake drawn. Seems fairly private with surrounding trees.
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom

Exterior Features

  • Lot Features: Rolling Slope, Wooded, Rural
  • View: Scenic
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Metal Clad, Wood Frame
  • Foundation Details: Other
  • Patio And Porch Features: Deck
  • Roof: Metal, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Space Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Well Needed on Site, Lake Drawn

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 27442.8
  • Parcel #: 523PointRoadOtis04605
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 2362.0
  • Tax Lot: 67
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2024
Sold by
Cushing Jonathan R and Cushing Kelsey J
Bought by
Lord Cushing T and Lord Cushing
Current Estimated Value
$450,141

Purchase Details

Listed on
Aug 9, 2019
Closed on
Sep 16, 2019
Sold by
Worcester Janet L and Doyle Sharon L
Bought by
Cushing Jonathan and Cushing Kelsey
Seller's Agent
Debra Porter
Acadia Realty Group
Buyer's Agent
Debra Porter
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$229,900
Sold Price
$170,000
Premium/Discount to List
-$59,900
-26.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.66%
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Lord Cushing T -- None Available
Lord Cushing T -- None Available
Cushing Jonathan -- --
Cushing Jonathan -- --
Cushing Jonathan -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2019 09/11/19 Sold $170,000 -26.1% $206 / Sq Ft
08/27/2019 08/27/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $229,900 -- $279 / 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 $3,434 $375,300 $323,700 $51,600
2023 $3,292 $251,300 $211,300 $40,000
2022 $2,965 $251,300 $211,300 $40,000
2021 $2,722 $251,300 $211,300 $40,000
2020 $2,639 $251,300 $211,300 $40,000
2019 $2,639 $251,300 $211,300 $40,000
2018 $2,538 $251,300 $211,300 $40,000
2017 $2,500 $251,300 $211,300 $40,000
2016 $2,412 $251,300 $211,300 $40,000
2015 $2,362 $251,300 $211,300 $40,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1428642

Maine Listings

APN: 001425268