NOT LISTED FOR SALE

62 Timber Ln Newcastle, ME 04553

Estimated Value: $371,000 - $559,000

3 Beds
2 Baths
1,896 Sq Ft
$238/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $270,000 $142 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,773/month

50 Days on Market

Highlights

  • Nearby Water Access
  • View of Trees or Woods
  • Wooded Lot
  • Great Salt Bay Community School Rated A-
  • Cape Cod Architecture
  • Wood Flooring

About This Home

As of March 2021

Make this wonderfully located 3 bedroom, 2 full bath, Cape your own. Open-concept kitchen and dining with an attached screened in porch for out door relaxation. Added bonus room off the dining room with wood stove to keep you cozy in the colder months. A second large living room area on the other side of the home. This quiet neighborhood home is located within minutes to shopping, dining, lakes, ocean, trails, schools and all the amenities the ''Twin Cities'' have to offer.

Last Agent to Sell the Property

David Hagan

Newcastle Realty Brokerage Phone: 207-563-1003 Listed on: 11/27/2020

Last Buyer's Agent

Emily Garrigan

RE/MAX JARET & COHN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,252

Year Built

  • Built in 1990

Lot Details

  • 1 Acre Lot
  • Rural Setting
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned Subdivision

Parking

  • 1 Car Direct Access Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 1,896 Sq Ft Home
  • 1 Fireplace
  • Screened Porch
  • Views of Woods

Kitchen

  • Built-In Oven
  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Heating System Uses Wood
  • Heating System Mounted To A Wall or Window
  • Underground Utilities
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer
  • Internet Available
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 012
  • Assessor Parcel Number NEWC-000007A-000000-000012

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,252

Year Built

Built in 1990

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Academy Hill Road take left onto Timber Lane. Approximately 1/4 mile home is on your left.
  • Above Grade Finished Sq Ft: 1896.0
  • Architectural Style: Cape
  • Garage Yn: Yes
  • Year Built: 1990
  • Attribution Contact: 207-563-1003
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1896.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Stove: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 1.0
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Exterior:Clapboard: Yes
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Appliances Included:Cooktop: Yes
  • Appliances Included:Wall Oven: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Recreational Water:Nearby: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Heat Fuel:Wood2: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Heat System:Direct Vent Heater: Yes
  • Utility Info Electric On Site: Yes
  • Water Heater:Tank: Yes
  • Electric:Underground: Yes
  • Vehicle Storage:Under: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Washer, Wall Oven, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher, Cooktop
  • Has Basement: Walk-Out Access, Other, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Shower, Storage

Exterior Features

  • Lot Features: Rolling Slope, Wooded, Near Shopping, Near Town, Neighborhood, Rural, Subdivided
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding, Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Screened
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Garage Door Opener, Inside Entrance, Underground

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove, Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Underground, On Site, Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: NEWC-000007A-000000-000012
  • Zoning: Subdivision

Tax Info

  • Tax Annual Amount: 3251.54
  • Tax Book Number: 1567
  • Tax Lot: 012
  • Tax Map Number: 07A
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2020
Closed on
Mar 19, 2021
Sold by
Norton Christopher J and Norton Elizabeth A
Bought by
Iverson Jennifer L and Iverson George E
Seller's Agent
David Hagan
Newcastle Realty
Buyer's Agent
Emily Garrigan
RE/MAX JARET & COHN
List Price
$280,000
Sold Price
$270,000
Premium/Discount to List
-$10,000
-3.57%
Current Estimated Value
$450,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,948
Avg. Annual Appreciation
11.93%
Original Mortgage
$247,252
Outstanding Balance
$222,018
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$228,930
Source: Public Records

Range of Values:

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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
Iverson Jennifer L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iverson Jennifer L $247,252
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $270,000 -3.6% $142 / Sq Ft
01/17/2021 01/17/21 Pending -- -- --
11/27/2020 11/27/20 For Sale $280,000 -- $148 / 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 $4,582 $336,900 $120,000 $216,900
2023 $4,334 $270,900 $95,000 $175,900
2022 $4,307 $270,900 $95,000 $175,900
2021 $4,145 $270,900 $95,000 $175,900
2020 $3,677 $205,400 $65,000 $140,400
2019 $3,677 $205,400 $65,000 $140,400
2018 $3,677 $205,400 $65,000 $140,400
2017 $3,707 $205,400 $65,000 $140,400
2016 $3,707 $205,400 $65,000 $140,400
2015 $3,707 $205,400 $65,000 $140,400
2013 $3,266 $205,400 $65,000 $140,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1477084

Maine Listings

APN: NEWC-000007A-000000-000012