NOT LISTED FOR SALE

738 Island Ave Long Island, ME 04050

Estimated Value: $627,000 - $912,000

3 Beds
2 Baths
1,800 Sq Ft
$446/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $335,000 $186 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $4,804/month

59 Days on Market

Highlights

  • 200 Feet of Waterfront
  • 1.2 Acre Lot
  • Property is near public transit
  • Access to Tidal Water
  • Island Location
  • Wood Flooring

About This Home

As of October 2017

Waterfront property on Long Island in Casco Bay featuring a 1900s New England farmhouse with 3 bedrooms, 2 bathrooms and approximately 1800 sq.ft of living space. The 1.2 Acres includes approximately 200' of waterfrontage and a peninsula overlooking Old Cove. Come enjoy island living either year-round or seasonally.

Last Agent to Sell the Property

Peter Thornton

Legacy Properties Sotheby's International Realty Listed on: 04/07/2017

Co-Listed By

Carrie Martin

Legacy Properties Sotheby's International Realty

Last Buyer's Agent

Thomas Ranello

Keller Williams Realty

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,233

Year Built

  • Built in 1900

Lot Details

  • 1.2 Acre Lot
  • 200 Feet of Waterfront
  • Ocean Front
  • Level Lot
  • Property is zoned IR-2, Shoreland

Home Design

  • New Englander Architecture
  • Farmhouse Style Home
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 1,800 Sq Ft Home
  • 1 Fireplace
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Water Views
  • Crawl Space

Kitchen

  • Electric Range
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Detached Garage
  • Carport
  • Gravel Driveway

Outdoor Features

  • Access to Tidal Water
  • Deep Water Access
  • Outbuilding

Location

  • Property is near public transit
  • Island Location

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Heating System Mounted To A Wall or Window
  • Power Generator
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association
  • Long Island Subdivision

Listing and Financial Details

  • Tax Lot 708
  • Assessor Parcel Number 738IslandAvenueLongIsland04050

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,233

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.2
  • Water Body Name: Casco Bay
  • Co List Office Mls Id: 2259
  • Co List Office Phone: 207-780-8900
  • MLS Status: Closed
  • Subdivision Name: Long Island
  • Directions: Island Avenue on Long Island in Casco Bay
  • Above Grade Finished Sq Ft: 1800.0
  • Architectural Style: Farmhouse, New Englander
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.2
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1800.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Mud Room:Mud Room: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Sunroom:Sunroom: Yes
  • Basement:Crawl Space: Yes
  • Sewer:Private Sewer: Yes
  • Recreational Water:Oceanfront: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Water Info:Waterfront Amount -: 200.0
  • Water Info:Water Frontage Owned -: 200.0
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Family Room:Family Room: Yes
  • Heat System:Direct Vent Heater: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Kitchen Countertop:Solid Surface: Yes
  • Water Info:Island3: Yes
  • Equipment:Generator: Yes
  • Transportation:Deep Water Access: Yes
  • Washer/Dryer Other Location: Yes
  • Style:New Englander: Yes
  • Vehicle Storage:Carport: Yes
  • Transportation:Public Transport Access: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher
  • Has Basement: Crawl Space, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Other, Near Public Transit
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Block, Stone
  • Other Structures: Outbuilding
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, On Site, Carport, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 52272.0
  • Parcel #: 738IslandAvenueLongIsland04050
  • Zoning: IR-2, Shoreland

Tax Info

  • Tax Annual Amount: 3233.0
  • Tax Book Number: 32945
  • Tax Lot: 708
  • Tax Map Number: 6
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2017
Closed on
Oct 30, 2017
Sold by
Peterson Ruth A Est
Bought by
Daly Sharon and Daly Glen
Seller's Agent
Peter Thornton
Legacy Properties Sotheby's International Realty
Buyer's Agent
Thomas Ranello
Keller Williams Realty
List Price
$369,000
Sold Price
$335,000
Premium/Discount to List
-$34,000
-9.21%
Current Estimated Value
$803,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,457
Avg. Annual Appreciation
10.08%
Original Mortgage
$268,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2005
Sold by
Johnson John E
Bought by
Peterson Ruth A
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 Buyer Sale Price Title Company
Daly Sharon -- --
Peterson Ruth A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daly Sharon $254,000
Closed Daly Sharon S $16,000
Closed Daly Sharon $268,000
Closed Peterson Ruth A $170,000
Closed Peterson Ruth A $150,000
Closed Peterson Ruth A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2017 10/27/17 Sold $335,000 -9.2% $186 / Sq Ft
06/06/2017 06/06/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $369,000 -- $205 / 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 $4,404 $641,079 $501,320 $139,759
2023 $3,722 $435,309 $348,600 $86,709
2022 $3,500 $435,309 $348,600 $86,709
2021 $3,500 $435,309 $348,600 $86,709
2020 $3,430 $435,309 $348,600 $86,709
2019 $3,430 $435,309 $348,600 $86,709
2018 $3,348 $435,309 $348,600 $86,709
2017 $3,348 $435,309 $348,600 $86,709
2016 $3,348 $435,309 $348,600 $86,709
2015 $3,348 $435,309 $348,600 $86,709
2014 $3,117 $435,309 $348,600 $86,709
2013 $3,038 $435,309 $348,600 $86,709
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1300728

Maine Listings

APN: LISL-000708-000000-000708