$262,500
SOLD JUN 11, 2019

53 Loon Cove Palermo, ME 04354

2 Beds
1 Bath
1,400 Sq Ft
0.35 Acres

Recently Sold

$188 Per Sq Ft

11% Below List Price

44 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Deck
  • 75 Feet of Waterfront
  • Home fronts a pond
  • Ranch Style House

About This Home

As of June 2019

A wonderful opportunity to own a beautiful property with a prime location on Sheepscot Lake. It offers gorgeous views down the lake, beautiful sunsets, and a gradual lawn area right to the water's edge. Sleeps 8+ people between the 1 bdrm and 1 bath cottage with sleeping loft, the separate guest cottage with 1 BR & an incinerator toilet, plus an additional finished rec room in the garage. Large deck, long dock, great swimming area, and a fun lake to boat on. Metal roof and everything is in great condition. The bathroom was renovated in 2016, kitchen has granite counters, cathedral ceilings, 1 car garage plus car port. Dock and most of the furnishings included. Heated but not insulated underneath the cottage. And much more. Close proximity to Central Maine, the Mid Coast, & an easy 1 1/2 hour drive to Portland. Don't wait.

Last Agent to Sell the Property

Brian Rizzo

Rizzo Mattson Brokerage Phone: 207-622-9000 Listed on: 02/08/2019

Last Buyer's Agent

Michael Bard

Coldwell Banker Plourde Real Estate

Coldwell Banker Plourde Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,798

Year Built

  • Built in 1960

Lot Details

  • 0.35 Acre Lot
  • Home fronts a pond
  • 75 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Dirt Road
  • Street terminates at a dead end
  • Seasonal Access to Property
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned Shoreland

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Property Views

  • Water
  • Scenic Vista

Home Design

  • Ranch Style House
  • Cottage
  • Camp Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • Cathedral Ceiling
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Loft
  • Sun or Florida Room

Kitchen

  • Electric Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Heavy Duty
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deep Water Access
  • Docks
  • Deck
  • Outbuilding

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer
  • Internet Available

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 53LoonCovePalermo04354

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,798

Year Built

Built in 1960

Lot Details

0

HOA Fees

$8 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Road Frontage Type: Private
  • Road Surface Type: Gravel
  • Water Body Name: Sheepscot
  • MLS Status: Closed
  • Directions: From I-95 Exit 113 in Augusta. East on Route 3 for approximately 20.5 miles. Right onto Turner Ridge Road. Go 2.5 miles to left on Gore Road. Go 1.5 miles to left on East shores Road. Go 1 mile to left on Loon Cove. Home will be on the right.
  • Above Grade Finished Sq Ft: 1400.0
  • Architectural Style: Camp, Cottage, Ranch
  • Garage Yn: Yes
  • Year Built: 1960
  • Attribution Contact: 207-622-9000
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.35
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1400.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Location Information:Association Fee: 100.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 1.0
  • Roads:Private: Yes
  • Kitchen Countertop:Granite: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Roof:Metal: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Style:Ranch: Yes
  • Exterior:Wood Siding: Yes
  • Sunroom:Sunroom: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 75.0
  • Water Info:Water Frontage Owned -: 75.0
  • Recreational Water:Deeded: Yes
  • Recreational Water:Waterfront Deep: Yes
  • Style:Cottage: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Style:Camp: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Kitchen Amenities:Cathedral Ceiling6: Yes
  • Living Room Amenities:Cathedral Ceiling5: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • View:Scenic: Yes
  • Recreational Water:Dock: Yes
  • Washer/Dryer Other Location: Yes
  • Basement Entry:Exterior Only: Yes
  • Loft:Loft: Yes
  • Cooling:AC Units: Yes
  • Floors:Heavy Duty: Yes
  • Living Room Amenities:Gas Fireplace5: Yes
  • Room Features:Gas Fireplace29: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Dishwasher
  • Has Basement: None, Crawl Space, Exterior Only
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living, Shower
  • Bedroom 2 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Other
  • View: Scenic
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck
  • Roof: Metal
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Gravel, Detached, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Other, Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee: 100.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15246.0
  • Parcel #: 53LoonCovePalermo04354
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 2798.0
  • Tax Book Number: 4157
  • Tax Lot: 42
  • Tax Map Number: D2
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2019
Closed on
Jun 6, 2019
Sold by
Bond Dunn Ft and Dunn
Bought by
Arsenault Anthony P and Arsenault Susan A
Seller's Agent
Brian Rizzo
Rizzo Mattson
Buyer's Agent
Michael Bard
Coldwell Banker Plourde Real Estate
List Price
$295,000
Sold Price
$262,500
Premium/Discount to List
-$32,500
-11.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.56%
Original Mortgage
$236,250
Outstanding Balance
$208,581
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$229,018
Source: Public Records

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Range of Values:

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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 -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $236,250 New Conventional
Closed $236,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Pending -- -- --
07/18/2025 07/18/25 Price Changed $795,000 -5.2% $448 / Sq Ft
07/02/2025 07/02/25 For Sale $839,000 +219.6% $473 / Sq Ft
06/11/2019 06/11/19 Sold $262,500 -11.0% $188 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $295,000 -- $211 / 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 $3,150 $273,900 $104,900 $169,000
2023 $3,013 $273,900 $104,900 $169,000
2022 $2,849 $273,900 $104,900 $169,000
2021 $2,926 $212,000 $104,900 $107,100
2020 $2,862 $212,000 $104,900 $107,100
2019 $2,820 $212,000 $104,900 $107,100
2018 $2,692 $212,000 $104,900 $107,100
2017 $2,841 $212,000 $104,900 $107,100
2016 $2,798 $212,000 $104,900 $107,100
2015 $2,768 $208,100 $104,900 $103,200
2013 $2,331 $202,700 $104,900 $97,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1404012

Maine Listings

APN: PALE-000002-000000-000042-D000000