NOT LISTED FOR SALE

7 Old Salt Ln Cape Neddick, ME 03902

Ogunquit Neighborhood

Estimated Value: $1,540,000 - $2,433,724

3 Beds
2.5 Baths
2,227 Sq Ft
$947/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $1,975,000 $887 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $13,190/month

66 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 100 Feet of Waterfront
  • Country Club
  • Coastal Ridge Elementary School Rated A-
  • Public Beach
  • Chalet

About This Home

As of October 2021

This stunning oceanfront property sits on just over a half acre with immaculate renovations throughout. A large wrap around deck provides a panoramic view of the ocean above the expansive yard that falls into the rocky Maine coastline. Large windows surround the central fireplace up to the vaulted ceiling providing open views to the Atlantic. The property's unique flexibility allows it to be used as a large single family home or as two separate units. The lower level has a large bedroom, full kitchen, full bath and sprawling views out to the ocean. The main and upper levels offer an updated kitchen spilling into a wide open floor plan with magnificent views at both levels. Two separate living spaces & full kitchens make an ideal setup for guests, family or as an income producing rental property. This property can be enjoyed in so many different ways. Truly a one of a kind opportunity that is not to be missed!

Last Listed By

Chris Erikson, Esq.

The Aland Realty Group, LLC Listed on: 06/10/2021

The Aland Realty Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,747

Year Built

  • Built in 1976

Lot Details

  • 0.54 Acre Lot
  • 100 Feet of Waterfront
  • Ocean Front
  • Property fronts a private road
  • Dirt Road
  • Public Beach
  • Landscaped
  • Open Lot
  • Property is zoned RES-3

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Chalet
  • Contemporary Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Central Vacuum
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • En-Suite Bathroom
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Deeded Waterfront Access Rights
  • Beach Access
  • Deck
  • Patio

Location

  • Property is near a golf course
  • Suburban Location

Utilities

  • No Cooling
  • Baseboard Heating
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number YORK-000012-000000-000021

Community Details

Overview

  • Cape Neddick Road Association Subdivision

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,747

Year Built

Built in 1976

Lot Details

0

HOA Fees

$31 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.54
  • Road Frontage Type: Private
  • Road Surface Type: Gravel
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Subdivision Name: Cape Neddick Road Association
  • Directions: From US Route 1/US-1 N. Turn slight right onto Clark Rd. Turn right onto River Rd. Turn left onto Shore Rd. Turn sharp right onto Intervale Rd. Take the 3rd left onto Old Salt Ln.
  • Above Grade Finished Sq Ft: 1325.0
  • Architectural Style: Chalet, Contemporary
  • Garage Yn: No
  • Year Built: 1976
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.54
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1325.0
  • Property Information:SqFt Finished Below Grade: 902.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Location Information:Association Fee: 375.0
  • Location Information:Fee Frequency Paid: Annually
  • Roads:Private: Yes
  • Heat Fuel:Electric: Yes
  • Kitchen Countertop:Granite: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Water Heater:Tankless: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Location:Suburban: Yes
  • Roof:Composition2: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Appliances Included:Cooktop: Yes
  • Appliances Included:Wall Oven: Yes
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Oceanfront: Yes
  • Room Features:Wood Burning Fireplace29: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Owned -: 100.0
  • Water Info:Water Frontage Shared -: 30.0
  • Recreational Water:Deeded: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Family Room:Family Room: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Great Room:Great Room: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Laundry Room:Laundry Room: Yes
  • Amenities:In-Law Apartment: Yes
  • Room Features:Vaulted Ceiling29: Yes
  • Equipment:Central Vacuum: Yes
  • Recreational Water:Beach Rights: Yes
  • Family Room Amenities:Wood Burning Fireplace10: Yes
  • Bedroom Amenities 2:Half Bath6: Yes
  • Bedroom Amenities 2:Vaulted Ceiling2: Yes
  • Great Room Amenities:Vaulted Ceiling11: Yes
  • Great Room Amenities:Wood Burning Fireplace11: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 2
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Wall Oven, Refrigerator, Dryer, Dishwasher, Cooktop
  • Has Basement: Walk-Out Access, Daylight, Finished, Full, Interior Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 902.0
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: 1st Floor Bedroom, In-Law Floorplan
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Basement
  • Kitchen Kitchen Level: First
  • Laundry Room Laundry Room Level: Basement

Exterior Features

  • Lot Features: Open Lot, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Suburban
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Public, Well

Condo/Co-op/Association

  • Association Fee: 375.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23522.4
  • Parcel #: YORK-000012-000000-000021
  • Zoning: RES-3

Tax Info

  • Tax Annual Amount: 17746.68
  • Tax Book Number: 16596
  • Tax Lot: 21
  • Tax Map Number: 12
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Oct 6, 2021
Sold by
Julie O Go T
Bought by
Walter Glen V and Walter Elizabeth G
Seller's Agent
Chris Erikson, Esq.
The Aland Realty Group, LLC
Buyer's Agent
Tracy McCarty
The Aland Realty Group, LLC
List Price
$2,300,000
Sold Price
$1,975,000
Premium/Discount to List
-$325,000
-14.13%
Total Days on Market
66
Current Estimated Value
$2,109,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,908
Avg. Annual Appreciation
2.27%
Original Mortgage
$1,450,000
Outstanding Balance
$1,339,361
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$801,139

Purchase Details

Closed on
May 13, 2013
Sold by
Go Julie O
Bought by
Julie O Go T

Purchase Details

Closed on
Aug 19, 2008
Sold by
Scagnelli Paul B and Scagnelli Barbara A
Bought by
Go Julie O

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 Buyer Sale Price Title Company
Walter Glen V -- None Available
Julie O Go T -- --
Go Julie O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walter Glen V $1,450,000
Previous Owner Scagnelli Paul B $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2021 10/06/21 Sold $1,975,000 -14.1% $887 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $2,300,000 -- $1,033 / 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 $17,544 $2,088,600 $1,758,100 $330,500
2023 $17,649 $2,088,600 $1,758,100 $330,500
2022 $16,372 $1,914,900 $1,613,100 $301,800
2021 $15,908 $1,598,800 $1,364,900 $233,900
2020 $15,377 $1,385,300 $1,191,200 $194,100
2019 $15,427 $1,383,600 $1,191,200 $192,400
2018 $7,511 $1,334,000 $1,141,600 $192,400
2017 $14,860 $1,357,100 $1,166,400 $190,700
2016 $15,132 $1,357,100 $1,166,400 $190,700
2015 $14,381 $1,307,400 $1,116,700 $190,700
2014 $13,513 $1,262,900 $1,116,700 $146,200
2013 $13,172 $1,262,900 $1,116,700 $146,200
Source: Public Records

Agents Affiliated with this Home

  • Chris Erikson, Esq.

    Seller's Agent in 2021

    Chris Erikson, Esq.

    The Aland Realty Group, LLC

    (603) 930-4470

    20 in this area

    129 Total Sales

    Chris Erikson, Esq.
    Section Image
  • Tracy McCarty

    Buyer's Agent in 2021

    Tracy McCarty

    The Aland Realty Group, LLC

    (207) 641-5119

    3 in this area

    80 Total Sales

    Tracy McCarty
    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1495750

Maine Listings

APN: YORK-000012-000000-000021

Maine York County Cape Neddick 03902 Ogunquit

7 Old Salt Ln, Cape Neddick, ME

Homes for Sale in Cape Neddick, ME

This home is located at 7 Old Salt Ln, Cape Neddick, ME 03902 since 10 June 2021 and is currently estimated at $2,109,908, approximately $947 per square foot. This property was built in 1976. 7 Old Salt Ln is a home located in York County with nearby schools including Coastal Ridge Elementary School, Village Elementary School, and York Middle School.

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