Seller's Agent in 2025
David Banks
RE/MAX
(207) 773-2345
53 in this area
1,123 Total Sales
71 Chets Way Cumberland, ME 04021
5
Beds
5.5
Baths
10,005
Sq Ft
4.2
Acres
Highlights
- Barn
- Public Beach
- In Ground Pool
- Mabel I. Wilson School Rated A-
- Country Club
- View of Trees or Woods
About This Home
As of February 2025A signature Cumberland property designed for entertainment, recreation, and enjoying the good life. In the highly desirable Jordan Farm subdivision, this estate property with a 10,005 sqft main house and 1,640 sqft guest house over the two story barn is being offered to the market for the very first time! Entering into the main house, the primary level has two large entertaining spaces both opening to the outdoors and the gunite saltwater pool complimented by a gas fire pit, an adjacent wood burning outdoor chimney, and a pool house containing a bar and half bath. Also on this level is a spacious eat-in kitchen, a full bar, a professional grade 1/2 court basketball gym, a dramatic two story foyer, formal dining room, a first floor bedroom with adjacent full bath, and attached 3 car garage with radiant heat in the flooring. Upstairs are four additional bedrooms, including two suites. The primary suite features a spa-like bath, custom tile shower, and two large fully custom walk-in closets. The lower level has something for everyone, with a theater room, billiards room, golf simulator, oversized full bathroom, and private office. Returning to the exterior, over a private bridge, you'll find a large two story barn with a 2 bedroom guest house on the second level. This property provides stately curb appeal, stunning grounds and a feeling of privacy and seclusion. Eminently convenient to Cumberland Center, 70 acres of trails, and just 2 miles from the town's public landing—featuring beach access and a dock. All only a short drive to downtown Portland, Yarmouth Village, and Freeport.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $30,895
Year Built
- Built in 2011
Lot Details
- 4.2 Acre Lot
- Property fronts a private road
- Public Beach
- Cul-De-Sac
- Landscaped
- Open Lot
- Lot Has A Rolling Slope
- Irrigation
- Property is zoned RR2
HOA Fees
- $83 Monthly HOA Fees
Parking
- 7 Car Direct Access Garage
- Heated Garage
- Common or Shared Parking
- Automatic Garage Door Opener
- Garage Door Opener
- Shared Driveway
Home Design
- Colonial Architecture
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Fiberglass Roof
- Clap Board Siding
- Clapboard
Interior Spaces
- Built-In Features
- Cathedral Ceiling
- Wood Burning Fireplace
- Gas Fireplace
- Mud Room
- Family Room with Fireplace
- 4 Fireplaces
- Living Room
- Dining Room
- Home Office
- Bonus Room
- Home Gym
- Views of Woods
- Home Security System
Kitchen
- Eat-In Kitchen
- Gas Range
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Walk-In Closet
- Bedroom Suite
- Dual Vanity Sinks in Primary Bathroom
- Jetted Tub in Primary Bathroom
- Secondary Bathroom Jetted Tub
- Bathtub
- Separate Shower
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- In Ground Pool
- Balcony
- Deck
- Patio
Location
- Property is near a golf course
- Suburban Location
Farming
- Barn
Utilities
- Multiple cooling system units
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Heat Pump System
- Radiant Heating System
- Baseboard Heating
- Hot Water Heating System
- Geothermal Heating and Cooling
- Water Heated On Demand
- Septic System
Listing and Financial Details
- Legal Lot and Block D / 43
- Assessor Parcel Number CMBL-000003-R000000-000043-D000000
Community Details
Recreation
- Country Club
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 19, 2024
Closed on
Feb 14, 2025
Sold by
Bagshaw Jana L and Bagshaw John T
Bought by
Ouellette Jason M and Ouellette Megan J
Seller's Agent
David Banks
RE/MAX By The Bay
Buyer's Agent
David Banks
RE/MAX By The Bay
List Price
$3,400,000
Sold Price
$3,550,000
Premium/Discount to List
$150,000
4.41%
Total Days on Market
16
Views
77
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
-$58,866
Avg. Annual Appreciation
-4.80%
Original Mortgage
$2,662,500
Outstanding Balance
$2,658,638
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$832,496
Purchase Details
Closed on
Apr 13, 2018
Sold by
John Libby Construction
Bought by
Chapman Nathan and Chapman Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
4.42%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,550,000 | None Available | |
| Warranty Deed | $3,550,000 | None Available | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,662,500 | Purchase Money Mortgage | |
| Closed | $2,662,500 | Purchase Money Mortgage | |
| Previous Owner | $500,000 | Balloon | |
| Previous Owner | $616,000 | No Value Available | |
| Previous Owner | -- | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | Sold | $3,550,000 | +4.4% | $355 / Sq Ft |
| 01/04/2025 01/04/25 | Pending | -- | -- | -- |
| 12/19/2024 12/19/24 | For Sale | $3,400,000 | -- | $340 / 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 | $31,267 | $1,344,800 | $255,800 | $1,089,000 |
| 2023 | $29,787 | $1,344,800 | $255,800 | $1,089,000 |
| 2022 | $28,510 | $1,344,800 | $255,800 | $1,089,000 |
| 2021 | $27,636 | $1,344,800 | $255,800 | $1,089,000 |
| 2020 | $27,367 | $1,344,800 | $255,800 | $1,089,000 |
| 2019 | $26,694 | $1,344,800 | $255,800 | $1,089,000 |
| 2018 | $26,526 | $1,346,500 | $255,800 | $1,090,700 |
| 2017 | $22,124 | $1,176,800 | $255,800 | $921,000 |
| 2016 | $20,396 | $1,117,600 | $255,800 | $861,800 |
| 2015 | $20,229 | $1,117,600 | $255,800 | $861,800 |
| 2014 | $19,446 | $1,117,600 | $255,800 | $861,800 |
| 2013 | $18,999 | $1,117,600 | $255,800 | $861,800 |
Source: Public Records
Agents Affiliated with this Home
-
David Banks
Map
Source: Maine Listings
MLS Number: 1611385
APN: CMBL-000003-R000000-000043-D000000
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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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