NOT LISTED FOR SALE

577 Ferry Rd Islesboro, ME 04848

Estimated Value: $1,283,515

3 Beds
2.5 Baths
1,768 Sq Ft
$726/Sq Ft Est. Value

Last Sold February 16, 2021

Last sale price $850,000 $481 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $8,418/month

825 Days on Market

Highlights

  • 2,403 Feet of Waterfront
  • Country Club
  • Spa
  • Islesboro Central School Rated 9+
  • Deep Water Access
  • 4-minute walk to Warren Island State Park

About This Home

As of February 2021

This private oceanfront Shingle-style cottage enjoys spectacular western views across Penobscot Bay to the Camden Hills. Built in 1993, the elegant three-bedroom residence was designed by architect John Silverio and features a light-filled open floor plan centered around an impressive Russian brick fireplace. A classic wraparound porch, a rooftop widow's-walk, and impeccable craftsmanship are among its distinguished details. The surrounding 11.64+/- acres of wooded property includes 2,403+/- feet of shorefront on Penobscot Bay with a private sand and pebble beach and a deep-water mooring. In addition to the main residence, there is also a newly built guest cottage/studio affectionately known as Two Nights, with a one-bedroom apartment on the second level and a two-vehicle garage and large open studio below. Additional 3.58+/- acres of abutting land is being offered separately.

Last Agent to Sell the Property

Joseph Sortwell

LandVest, Inc. Listed on: 07/31/2020

Last Buyer's Agent

William Warren

Warren Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,272

Year Built

  • Built in 1992

Lot Details

  • 11.64 Acre Lot
  • 2,403 Feet of Waterfront
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Property fronts a private road
  • Landscaped
  • Wooded Lot
  • Property is zoned Shoreland

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Property Views

  • Scenic Vista
  • Mountain

Home Design

  • Cottage
  • Wood Frame Construction
  • Wood Roof
  • Shingle Siding

Interior Spaces

  • 1,768 Sq Ft Home
  • 1 Fireplace
  • Wood Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • In-Law or Guest Suite

Outdoor Features

  • Spa
  • Deep Water Access

Location

  • Property is near golf course
  • Island Location

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 577FerryRoadIslesboroME04848

Community Details

Overview

  • No Home Owners Association

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,272

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 11.64
  • Road Frontage Type: Private
  • Water Body Name: Penobscot Bay
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1768.0
  • Architectural Style: Cottage, Shingle Style
  • Garage Yn: Yes
  • Year Built: 1992
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 534.5
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 11.64
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1768.0
  • Property Information:Garage: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Property Information:Garage Spaces: 2.0
  • Roads:Private: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Crawl Space: Yes
  • Sewer:Private Sewer: Yes
  • Recreational Water:Oceanfront: Yes
  • Water Info:Waterfront Amount -: 2403.0
  • Water Info:Water Frontage Owned -: 2403.0
  • Recreational Water:Waterfront Deep: Yes
  • Style:Cottage: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • View:Mountain(s): Yes
  • Water Info:Island3: Yes
  • Amenities:In-Law Apartment: Yes
  • Style:Shingle Style: Yes
  • Amenities:Hot Tub: Yes
  • Roof:Wood: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Advertising Remarks:Advertising Remarks: This private oceanfront Shingle-style cottage enjoys spectacular western views across Penobscot Bay to the Camden Hills. Built in 1993, the elegant three-bedroom residence was designed by architect John Silverio and features a light-filled open floor plan centered around an impressive Russian brick fireplace. A classic wraparound porch, a rooftop widow's-walk, and impeccable craftsmanship are among its distinguished details. The surrounding 11.64+/- acres of wooded property includes 2,403+/- fet of shorefront on Penobscot Bay with a private sand and pebble beach and a deep-water mooring. In addition to the main residence, there is also a newly built guest cottage/studio affectionately known as Two Nights, with a one-bedroom apartment on the second level and a two-vehicle garage and large open studio below. Additional 3.58+/- acres of abutting land is being offered separately.
  • Special Features: VirtualTour

Interior Features

  • Private Spa: Yes
  • Has Basement: Crawl Space, Not Applicable
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: In-Law Floorplan, Primary Bedroom w/Bath

Exterior Features

  • Lot Features: Landscaped, Wooded, Near Golf Course
  • View: Mountain(s), Scenic
  • Waterfront Features: Bay, Ocean
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Wood Frame
  • Roof: Wood

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Gravel, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 507038.4
  • Parcel #: 577FerryRoadIslesboroME04848
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 18271.71
  • Tax Lot: 3
  • Tax Year: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Feb 15, 2021
Sold by
Periwinkle Associates Llc
Bought by
Swanson James R and Rapier-Swanson Marianne
Seller's Agent
Joseph Sortwell
LandVest, Inc.
Buyer's Agent
William Warren
Warren Realty
List Price
$1,150,000
Sold Price
$850,000
Premium/Discount to List
-$300,000
-26.09%
Current Estimated Value
$1,283,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,515
Avg. Annual Appreciation
8.76%
Original Mortgage
$680,000
Outstanding Balance
$607,659
Interest Rate
2.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$675,856
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Swanson James R -- None Available
Swanson James R -- None Available
Swanson James R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swanson James R $680,000
Closed Swanson James R $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2021 02/16/21 Sold $850,000 -26.1% $481 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
08/13/2018 08/13/18 For Sale $1,150,000 -- $650 / 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 $20,485 $1,721,400 $1,154,200 $567,200
2023 $18,935 $1,721,400 $1,154,200 $567,200
2022 $19,753 $1,097,400 $610,600 $486,800
2021 $19,369 $1,097,400 $610,600 $486,800
2020 $18,656 $1,097,400 $610,600 $486,800
2019 $18,272 $1,097,400 $610,600 $486,800
2018 $17,942 $1,097,400 $610,600 $486,800
2017 $17,339 $1,097,400 $610,600 $486,800
2016 $17,273 $1,097,400 $610,600 $486,800
2015 $16,417 $1,097,400 $610,600 $486,800
2014 $15,508 $1,278,500 $711,400 $567,100
2012 $15,022 $1,278,500 $711,400 $567,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1365192

Maine Listings

APN: ISBR-000014-000000-000003