NOT LISTED FOR SALE

7 Olde Colony Ln Cape Elizabeth, ME 04107

Estimated Value: $857,000 - $940,549

3 Beds
2.5 Baths
1,900 Sq Ft
$481/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $600,000 $316 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,501/month

23 Days on Market

Highlights

  • Ocean Front
  • Nearby Water Access
  • Deck
  • Pond Cove Elementary School Rated A
  • Public Beach
  • Wood Flooring

About This Home

As of December 2020

A charming light-filled home with a peek at the ocean and deeded access to the water. Conveniently located home that offers walking distance to Shore Road Pathway to Fort Williams/Portland Headlight and easy access to the Greenbelt Trail System. Gleaming hardwood floors on main level, two updated bathrooms including master bath, 2 fireplaces. The perfect house in a highly sought after location.
Due to nationwide concerns about COVID-19 and as a courtesy to home sellers, please do not schedule showings if the buyer's agent or buyers exhibit cold/flu-like symptoms or meets any of the criteria for-quarantine mandated by the Centers for Disease Control and Prevention. By proceeding with scheduling a showing, you are acknowledging this requirement and agreeing you are not aware of any issues of this nature. All buyers and agents are to wear PPE, including gloves and masks.

Last Agent to Sell the Property

Cynthia Landrigan

Town & Shore Real Estate Listed on: 11/02/2020

Last Buyer's Agent

Sue Durst

Keller Williams Realty

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,625

Year Built

  • Built in 1967

Lot Details

  • 0.63 Acre Lot
  • Ocean Front
  • Public Beach
  • Near Conservation Area
  • Cul-De-Sac
  • Landscaped
  • Level Lot

HOA Fees

  • $2 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • Split Foyer
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Fireplaces
  • Double Pane Windows
  • Finished Basement
  • Walk-Out Basement
  • Storm Doors
  • Attic

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Nearby Water Access
  • Deep Water Access
  • Deck

Location

  • Suburban Location

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Septic System
  • Septic Design Available
  • Internet Available

Community Details

  • Optional Subdivision

Listing and Financial Details

  • Tax Lot 03-318
  • Assessor Parcel Number CAPE-009003U-000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,625

Year Built

Built in 1967

Lot Details

0

HOA Fees

$2 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.63
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Subdivision Name: Optional
  • Directions: Shore road to Olde Colony Lane by Pond Cove water access. House is #7 on right. No sign.
  • Above Grade Finished Sq Ft: 1300.0
  • Architectural Style: Split Entry
  • Garage Yn: Yes
  • Efficiency: Storm Doors, Double Pane Windows
  • Year Built: 1967
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Lot Size Acres -: 0.63
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1300.0
  • Property Information:SqFt Finished Below Grade: 600.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Location Information:Association Fee: 20.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 2.0
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Gas:No Gas: Yes
  • Location:Suburban: Yes
  • Roof:Composition2: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Water Info:Water Frontage Shared -: 26.0
  • View:TreesWoods: Yes
  • Sewer:Septic Existing on Site: Yes
  • Kitchen Countertop:Formica: Yes
  • Sewer:Septic Design Available: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Transportation:Deep Water Access: Yes
  • Location:Abuts Conservation: Yes
  • Site:Cul-De-Sac: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Style:Split Entry: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 2
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: Finished, Walk-Out Access
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 600.0
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Attic, Bathtub, Shower, Primary Bedroom w/Bath

Exterior Features

  • Lot Features: Cul-De-Sac, Level, Landscaped, Abuts Conservation, Near Public Beach, Near Shopping, Near Town, Neighborhood, Suburban
  • View: Scenic, Trees/Woods
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Garage Door Opener, Inside Entrance, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 20.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Cape Elizabeth Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 27442.8
  • Parcel #: CAPE-009003U-000018
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 5625.0
  • Tax Book Number: 3435, 7043
  • Tax Lot: 03-318
  • Tax Map Number: V09
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2020
Closed on
Dec 14, 2020
Sold by
Lewicki Sandra R
Bought by
Novak Michael
Seller's Agent
Cynthia Landrigan
Town & Shore Real Estate
Buyer's Agent
Sue Durst
Keller Williams Realty
List Price
$579,000
Sold Price
$600,000
Premium/Discount to List
$21,000
3.63%
Total Days on Market
23
Current Estimated Value
$914,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,637
Avg. Annual Appreciation
10.09%
Original Mortgage
$480,000
Outstanding Balance
$436,764
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$484,343
Source: Public Records

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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
Novak Michael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Novak Michael $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $600,000 +3.6% $316 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $579,000 -- $305 / 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 $7,739 $703,500 $421,400 $282,100
2023 $15,716 $703,500 $421,400 $282,100
2022 $6,497 $307,200 $150,100 $157,100
2021 $6,224 $307,200 $150,100 $157,100
2020 $6,119 $307,200 $150,100 $157,100
2019 $6,046 $307,200 $150,100 $157,100
2018 $5,843 $307,200 $150,100 $157,100
2017 $5,530 $307,200 $150,100 $157,100
2016 $5,388 $307,200 $150,100 $157,100
2015 $5,186 $307,200 $150,100 $157,100
2013 $5,001 $307,200 $150,100 $157,100
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Cynthia Landrigan

    Town & Shore Real Estate

  • Sue Durst

    Buyer's Agent in 2020

    Sue Durst

    Keller Williams Realty

    (207) 756-5007

    6 in this area

    65 Total Sales

    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1471830

Maine Listings

APN: CAPE-009003U-000018

Maine Cumberland County Cape Elizabeth 04107

7 Olde Colony Ln, Cape Elizabeth, ME

This home is located at 7 Olde Colony Ln, Cape Elizabeth, ME 04107 since 02 November 2020 and is currently estimated at $914,637, approximately $481 per square foot. This property was built in 1967. 7 Olde Colony Ln is a home located in Cumberland County with nearby schools including Pond Cove Elementary School, Cape Elizabeth Middle School, and Cape Elizabeth High School.

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