NOT LISTED FOR SALE

7 Overlook Ln Cape Elizabeth, ME 04107

Estimated Value: $1,265,000 - $1,623,000

5 Beds
2.5 Baths
3,500 Sq Ft
$394/Sq Ft Est. Value

Last Sold September 07, 2016

Last sale price $925,000 $264 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $8,829/month

12 Days on Market

Highlights

  • Spa
  • Deck
  • Main Floor Bedroom
  • Pond Cove Elementary School Rated A
  • Wood Flooring
  • Mud Room

About This Home

As of September 2016

Gorgeous, sunny 5BR cottage in Shore Acres near Trundy Point. Hardwood floors, first floor master suite, open floor plan, and custom kitchen. Covered porch, deck with distant ocean views. Updated systems. Near schools, beaches, walking trails, and more. 10 min from downtown Portland.

Last Agent to Sell the Property

Mary Libby

Legacy Properties Sotheby's International Realty Listed on: 07/20/2016

Last Buyer's Agent

Mary Libby

RE/MAX By The Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,633

Year Built

  • Built in 1920

Lot Details

  • 0.48 Acre Lot
  • Property fronts a private road
  • Dirt Road
  • Landscaped
  • Lot Has A Rolling Slope
  • Property is zoned RA

HOA Fees

  • $2 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Cottage
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • Built-In Features
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Screened Porch

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Spa
  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater
  • Private Sewer
  • Internet Available
  • Cable TV Available

Community Details

  • Shore Acres Subdivision

Listing and Financial Details

  • Tax Lot 044
  • Assessor Parcel Number CAPE-012044U

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,633

Year Built

Built in 1920

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.48
  • Road Frontage Type: Private
  • Road Surface Type: Gravel
  • MLS Status: Closed
  • Subdivision Name: Shore Acres
  • Directions: Rte. 77 to Old Ocean House, Right on Trundy Rd
  • Above Grade Finished Sq Ft: 3500.0
  • Architectural Style: Cottage
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.48
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3500.0
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Location Information:Association Fee: 25.0
  • Location Information:Fee Frequency Paid: Annually
  • Roads:Private: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Gas:No Gas: Yes
  • Mud Room:Mud Room: Yes
  • Appliances Included:Cooktop: Yes
  • Appliances Included:Wall Oven: Yes
  • Bedroom 1 Amenities:Full Bath: Yes
  • Sewer:Private Sewer: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Dining Room Amenities:Dining Area: Yes
  • Site:RollingSloping: Yes
  • Family Room:Family Room: Yes
  • Appliances Included:Gas Range: Yes
  • Water Heater:Oil2: Yes
  • Equipment:Cable: Yes
  • Bedroom Amenities 2:Walk-in Closet2: Yes
  • Amenities:Hot Tub: Yes
  • Kitchen Amenities:Breakfast Nook: Yes
  • Living Room Amenities:Built-Ins14: Yes
  • Family Room Amenities:Built-Ins10: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Private Spa: Yes
  • Appliances: Washer, Wall Oven, Refrigerator, Microwave, Gas Range, Dryer, Disposal, Dishwasher, Cooktop
  • Has Basement: Finished, Full, Walk-Out Access
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Pantry
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Rolling Slope, Landscaped, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Porch, Screened
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 25.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20908.8
  • Parcel #: CAPE-012044U
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 13633.0
  • Tax Book Number: 31897
  • Tax Lot: 044
  • Tax Map Number: U12
  • Tax Year: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2016
Closed on
Sep 7, 2016
Sold by
Rodgers Dennis C and Rodgers Kelly J
Bought by
Milburn John F and Fisher Laurie
Seller's Agent
Mary Libby
Legacy Properties Sotheby's International Realty
Buyer's Agent
Mary Libby
RE/MAX By The Bay
List Price
$948,000
Sold Price
$925,000
Premium/Discount to List
-$23,000
-2.43%
Total Days on Market
12
Current Estimated Value
$1,380,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$455,688
Avg. Annual Appreciation
6.14%
Original Mortgage
$740,000
Outstanding Balance
$605,004
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$953,221

Purchase Details

Closed on
Nov 5, 2014
Sold by
Madigan Peter T and Madigan Megan L
Bought by
Rodgers Dennis C and Rodgers Kelly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2008
Sold by
Libby Mary E and Herbert Mary E
Bought by
Madigan Peter T and Madigan Megan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.83%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 14, 2006
Sold by
Boggs Stephanie
Bought by
Herbert Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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
Milburn John F -- --
Rodgers Dennis C -- --
Madigan Peter T -- --
Herbert Mary E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milburn John F $413,000
Closed Milburn John $425,000
Open Milburn John F $740,000
Previous Owner Rodgers Dennis C $750,000
Previous Owner Herbert Mary E $417,000
Previous Owner Herbert Mary E $628,000
Previous Owner Herbert William E $210,000
Previous Owner Herbert Mary E $568,000
Previous Owner Herbert Mary E $106,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2016 09/07/16 Sold $925,000 -2.4% $264 / Sq Ft
08/02/2016 08/02/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $948,000 -- $271 / 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 $12,927 $1,175,200 $693,800 $481,400
2023 $26,254 $1,175,200 $693,800 $481,400
2022 $17,083 $807,700 $505,600 $302,100
2021 $16,364 $807,700 $505,600 $302,100
2020 $16,089 $807,700 $505,600 $302,100
2019 $15,896 $807,700 $505,600 $302,100
2018 $15,362 $807,700 $505,600 $302,100
2017 $14,539 $807,700 $505,600 $302,100
2016 $14,167 $807,700 $505,600 $302,100
2015 $13,634 $807,700 $505,600 $302,100
2013 $13,149 $807,700 $505,600 $302,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1274985

Maine Listings

APN: CAPE-012044U