$143,000
SOLD JUN 23, 2020

7 H Wave Crest Dr Unit 203 Boothbay, ME 04537

1 Bed
2 Baths
588 Sq Ft
$130/mo HOA Fee

Recently Sold

$243 Per Sq Ft

5% Below List Price

67 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Country Club
  • 167 Feet of Waterfront
  • Public Beach
  • 1.85 Acre Lot

About This Home

As of January 2025

Time away from the cities to enjoy the sea and salty breezes in rural Maine. This two room condo has full open concept kitchen/dining and living room and a large bedroom. Kitchen has full size cookstove, microwave, sink and refrigerator. Two full bathrooms, one with washer/dryer. Elevated with views of the private beach and deepwater dock. Expansive westerly views across Linekin Bay of sensational sunsets. Access to decks from either of the rooms. The grounds are well kept and the driveway and parking recently paved. There is also a community laundry available. Just minutes from the property to Ocean Point for a drive or walk around the coastline where one can see many islands and lighthouse. There is a public preserve within walking distance for the outdoor enthusiast. Five miles to downtown Boothbay Harbor for shops, galleries, boutiques and restaurants. A little over an hour to the Portland Jetport. This is the perfect getaway in the best location for you and your family or ideal investment for rental income.

Last Agent to Sell the Property

Anne Peaslee

Newcastle Realty Brokerage Phone: 207-563-1003 Listed on: 03/26/2020

Last Buyer's Agent

Anne Peaslee

Newcastle Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,274

Year Built

  • Built in 1986

Lot Details

  • 167 Feet of Waterfront
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Property fronts a private road
  • Public Beach
  • Rural Setting
  • Seasonal Access to Property
  • Landscaped
  • Open Lot

HOA Fees

  • $130 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vertical Siding

Interior Spaces

  • 588 Sq Ft Home
  • Multi-Level Property
  • Furnished

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Beach Access
  • Access to Tidal Water
  • Deep Water Access
  • Mooring
  • Docks
  • Balcony
  • Deck

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Not Available
  • Seasonal Water
  • Electric Water Heater
  • Septic System
  • Internet Available

Listing and Financial Details

  • Legal Lot and Block 9 / 203
  • Assessor Parcel Number 7HWaveCrestBoothbay04537

Community Details

Overview

  • 8 Units
  • Water's Edge Motel & Cottages, A Condominium Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Country Club

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,274

Year Built

Built in 1986

Lot Details

0

HOA Fees

$130 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 1.85
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Water Body Name: Linekin Bay
  • MLS Status: Closed
  • Subdivision Name: Water's Edge Motel & Cottages, A Condominium
  • Directions: South on Boothbay Road/RT 27 to Light at Hannaford Grocery. Take left on Ocean Point Road/RT 96 and follow 4.69 miles to Wave Crest Drive on right. Property located in first large building on right.
  • Above Grade Finished Sq Ft: 588.0
  • Architectural Style: Multi-Level, Other Style
  • Garage Yn: No
  • Year Built: 1986
  • Attribution Contact: 207-563-1003
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 1.85
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 588.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Location Information:Association Fee: 130.0
  • Location Information:Fee Frequency Paid: Monthly
  • Roads:Private: Yes
  • Foundation Materials:Slab: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 8
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Bedroom 1 Amenities:Full Bath: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Oceanfront: Yes
  • Basement:Slab2: Yes
  • Location:Rural: Yes
  • Water Info:Waterfront Amount -: 167.0
  • Water Info:Water Frontage Owned -: 167.0
  • Water Info:Water Frontage Shared -: 167.0
  • Recreational Water:Deeded: Yes
  • Recreational Water:Waterfront Deep: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Yes
  • Sewer:Septic Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Amenities:Furniture Included: Yes
  • Recreational Water:Dock: Yes
  • Water:Seasonal4: Yes
  • Room Features:BalconyDeck17: Yes
  • Recreational Water:Beach Rights: Yes
  • Sewer:Quasi-Public: Yes
  • Exterior:Vertical Siding: Yes
  • Recreational Water:Boat Mooring: Yes
  • Bedroom 1 Amenities:BalconyDeck: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: Furniture Included, Other, Primary Bedroom w/Bath
  • Kitchen Kitchen Level: Second
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Open Lot, Rolling Slope, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood, Rural
  • View: Scenic
  • Waterfront Features: Bay, Ocean
  • Waterfront: Yes
  • Construction Type: Wood Siding, Vertical Siding, Wood Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Quasi-Public, Septic Existing on Site
  • Water Source: Public, Seasonal

Condo/Co-op/Association

  • Association Fee: 130.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: AOS 98

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 80586.0
  • Parcel #: 7HWaveCrestBoothbay04537
  • Zoning: Gen Res/Shoreland

Multi Family

  • Number Of Units In Community: 8

Tax Info

  • Tax Annual Amount: 1274.31
  • Tax Block: 203
  • Tax Book Number: 4432
  • Tax Lot: 9
  • Tax Map Number: U-10
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Jan 3, 2025
Sold by
Olsen Dennis A and Olsen Sharon J
Bought by
Hatfield Larry L and Hatfield Carolyn W
Seller's Agent
Mary Ripley
Tindal & Callahan Real Estate
Buyer's Agent
Karen Roberts
Tindal & Callahan Real Estate
List Price
$299,999
Sold Price
$275,000
Premium/Discount to List
-$24,999
-8.33%
Views
29
Current Estimated Value
$297,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,750
Avg. Annual Appreciation
24.42%
Original Mortgage
$220,000
Outstanding Balance
$219,470
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$94,045
Source: Public Records

Range of Values:

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Average Value
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List Price
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 Type Sale Price Title Company
Warranty Deed $275,000 None Available
Warranty Deed $275,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $220,000 Purchase Money Mortgage
Closed $220,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2025 01/03/25 Sold $275,000 -8.3% $468 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $299,999 +109.8% $510 / Sq Ft
06/23/2020 06/23/20 Sold $143,000 -4.6% $243 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
03/26/2020 03/26/20 For Sale $149,900 -- $255 / 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 $1,531 $134,848 $80,000 $54,848
2023 $1,355 $134,848 $80,000 $54,848
2022 $1,254 $134,848 $80,000 $54,848
2021 $1,288 $134,848 $80,000 $54,848
2020 $1,295 $134,848 $80,000 $54,848
2019 $1,274 $134,848 $80,000 $54,848
2018 $1,254 $134,848 $80,000 $54,848
2017 $1,311 $142,500 $90,800 $51,700
2016 $1,254 $142,500 $90,800 $51,700
2015 $1,247 $142,500 $90,800 $51,700
2014 $1,211 $142,500 $90,800 $51,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1448232

Maine Listings

APN: BOOT-000010U-000009-000203