Seller's Agent in 2024
James McFarlane
Portside Real Estate Group
(207) 712-4737
100 in this area
165 Total Sales
7 Gladys Rd Cape Elizabeth, ME 04107
Estimated Value: $724,000 - $774,000
4
Beds
1.5
Baths
2,286
Sq Ft
$327/Sq Ft
Est. Value
Highlights
- Public Beach
- Country Club
- Wooded Lot
- Pond Cove Elementary School Rated A
- Colonial Architecture
- Wood Flooring
About This Home
As of December 2024Nestled in a peaceful neighborhood, this classic residence sits on a spacious double lot, offering privacy and tranquility, with the added bonus of backing up to land owned by the Cape Elizabeth Land Trust. With over 40 years of thoughtful care by the same owners, every corner of this home exudes warmth and tradition. The inviting living room, perfect for hosting gatherings, or cozy up in the family room by the fireplace on those cool Maine evenings. The bright and airy sunroom offers the ideal spot to sip your morning coffee, overlooking a tree-lined backyard that invites both relaxation and outdoor fun. The original hardwood floors flow throughout the home, adding timeless elegance. Upstairs, the primary bedroom features two closets, with three additional bedrooms providing ample space for family or guests. The finished basement offers flexibility—whether you need an office, a workout space, or a playroom. There is a two-car attached garage and a large shed for storage. This property offers space and convenience, while being just moments from local trails and nature preserves.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,474
Year Built
- Built in 1973
Lot Details
- 0.7 Acre Lot
- Public Beach
- Level Lot
- Open Lot
- Wooded Lot
- Property is zoned RA
Parking
- 2 Car Direct Access Garage
- Driveway
Home Design
- Colonial Architecture
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Clap Board Siding
- Vertical Siding
- Concrete Perimeter Foundation
- Clapboard
Interior Spaces
- Built-In Features
- Skylights
- Wood Burning Fireplace
- Family Room with Fireplace
- Living Room
- Dining Room
- Bonus Room
- Sun or Florida Room
Kitchen
- Eat-In Kitchen
- Electric Range
- Dishwasher
- Formica Countertops
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary bedroom located on second floor
- Walk-In Closet
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Private Sewer
Additional Features
- Shed
- Property is near a golf course
Listing and Financial Details
- Tax Lot 37 + 38
- Assessor Parcel Number CAPE-019037U
Community Details
Overview
- No Home Owners Association
Recreation
- Country Club
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2024
Closed on
Dec 5, 2024
Sold by
Leathers Alan and Leathers Genesta
Bought by
Connell Michael R and Connell Kim F
Seller's Agent
James McFarlane
Portside Real Estate Group
Buyer's Agent
James McFarlane
Portside Real Estate Group
List Price
$775,000
Sold Price
$700,000
Premium/Discount to List
-$75,000
-9.68%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,461
Avg. Annual Appreciation
9.60%
Original Mortgage
$560,000
Outstanding Balance
$555,904
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$195,293
Purchase Details
Closed on
Dec 15, 2023
Sold by
Stone Jacqueline A
Bought by
Leathers Alan and Leathers Genesta
Purchase Details
Closed on
Oct 17, 2023
Sold by
Leathers Alan and Leathers Genesta
Bought by
Colbert Deborah L and Leather Peter A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Connell Michael R | $700,000 | None Available | |
| Connell Michael R | $700,000 | None Available | |
| Connell Michael R | $700,000 | None Available | |
| Leathers Alan | -- | None Available | |
| Colbert Deborah L | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Connell Michael R | $560,000 | |
| Closed | Connell Michael R | $560,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/05/2024 12/05/24 | Sold | $700,000 | -9.7% | $306 / Sq Ft |
| 11/05/2024 11/05/24 | Pending | -- | -- | -- |
| 10/30/2024 10/30/24 | For Sale | $775,000 | -- | $339 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $6,474 | $588,500 | $278,900 | $309,600 |
| 2023 | $13,147 | $588,500 | $278,900 | $309,600 |
| 2022 | $5,755 | $272,100 | $94,400 | $177,700 |
| 2021 | $5,513 | $272,100 | $94,400 | $177,700 |
| 2020 | $5,420 | $272,100 | $94,400 | $177,700 |
| 2019 | $5,355 | $272,100 | $94,400 | $177,700 |
| 2018 | $5,175 | $272,100 | $94,400 | $177,700 |
| 2017 | $4,898 | $272,100 | $94,400 | $177,700 |
| 2016 | $4,773 | $272,100 | $94,400 | $177,700 |
| 2015 | $4,593 | $272,100 | $94,400 | $177,700 |
| 2013 | $4,430 | $272,100 | $94,400 | $177,700 |
Source: Public Records
Agents Affiliated with this Home
-
James McFarlane
Map
Source: Maine Listings
MLS Number: 1608248
APN: CAPE-019037U
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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