$975,000
SOLD JAN 28, 2025
3 Beds
2 Baths
1,406 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$693 Per Sq Ft

2% Below List Price

49 Days on Market

Highlights

  • 102 Feet of Waterfront
  • Main Floor Bedroom
  • Camp Architecture
  • Beach Access
  • No HOA
  • Eat-In Kitchen

About This Home

As of January 2025

A once-in-multiple-generations Bailey Island gem!! This classic, Maine coast cottage offers 3 bed, 2 full baths comes fully furnished and offers some of the most highly-sought after, eastern-facing, deep, oceanfront views overlooking Casco Bay, fishing lobster boats, and Ragged and Pond Islands! Deeded ROW access to famous Cedar Beach! Home is original in some ways. Great opportunity to update in your own way to make your perfect coastal dream home/retreat or winterize for year round enjoyment! Savor it all from your own, private deck while relaxing in comfy Adirondack chairs surrounding your new, custom, stone fire pit while watching the waves crash just steps away. Take the new stone steps to your private, rocky beach overlooking the coast and swimmable tide pools. If you're looking for a prime investment opportunity or simply want one of Bailey Island's best locations to be your own, this is it! Proven successful rental history! Seasonal, rental, YTD net revenue of 64,318! New sea wall with stone steps, new gravel driveway, new sod with extra yard footage recently added. Brand new roof (2022), newly installed Pella windows, trex decking, new designer and vintage lighting fixtures throughout, new water heater. Brand new Smeg and GE appliances. Home is nestled in the highly-valuable Cedar Beach neighborhood, which includes Cedar beach access overlooking the Cribstone Bridge. Walking distance to Bailey Island General Store and PO. Close to beaches, walking/biking trails, local shops and dinning, and so much more. Come and see what quintessential Maine is all about!

Last Agent to Sell the Property

Robin Yeager

North Point Realty LLC Listed on: 11/10/2024

Last Buyer's Agent

Betsy Coughlan

Legacy Properties Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,054

Year Built

  • Built in 1940

Lot Details

  • 10,019 Sq Ft Lot
  • 102 Feet of Waterfront
  • Ocean Front
  • Dirt Road
  • Rural Setting
  • Seasonal Access to Property
  • Landscaped
  • Open Lot
  • Property is zoned Shoreline residentia

Parking

  • Gravel Driveway

Home Design

  • Camp Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1,406 Sq Ft Home
  • Living Room
  • Water Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Beach Access

Utilities

  • No Cooling
  • Heating Available
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 230 / 230
  • Assessor Parcel Number HARP-000024-000000-000230

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,054

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Road Surface Type: Gravel, Dirt
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1406.0
  • Architectural Style: Camp
  • Garage Yn: No
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.23
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1406.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Water Heater:Electric2: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Gas:No Gas: Yes
  • Sewer:Private Sewer: Yes
  • Recreational Water:Oceanfront: Yes
  • Location:Rural: Yes
  • Water Info:Waterfront Amount -: 102.0
  • Water Info:Water Frontage Owned -: 102.0
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Style:Camp: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Laundry Room:Laundry Room: Yes
  • Recreational Water:Beach Rights: Yes
  • Heat System:No Heat System: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Well Landscaped, Open, Right of Way, Rural
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: No Heat System
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank, Private Sewer
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: HARP-000024-000000-000230
  • Zoning: Shoreline residentia

Tax Info

  • Tax Annual Amount: 4054.0
  • Tax Block: 230
  • Tax Book Number: 34505
  • Tax Lot: 230
  • Tax Map Number: 24
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2024
Closed on
Jan 24, 2025
Sold by
8 Summerside Ln Llc
Bought by
Conaway T T and Conaway C
Seller's Agent
Robin Yeager
North Point Realty LLC
Buyer's Agent
Betsy Coughlan
Legacy Properties Sotheby's International Realty
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%
Views
50
Current Estimated Value
$1,010,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,253
Avg. Annual Appreciation
9.53%
Original Mortgage
$258,000
Outstanding Balance
$257,342
Interest Rate
6.84%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$752,911

Purchase Details

Closed on
Dec 4, 2017
Sold by
Butcher Robert A
Bought by
Butcher Nesbitt Ft and Nesbitt
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 Type Sale Price Title Company
Warranty Deed $975,000 None Available
Warranty Deed $975,000 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $258,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2025 01/28/25 Sold $975,000 -2.0% $693 / Sq Ft
12/29/2024 12/29/24 Pending -- -- --
11/10/2024 11/10/24 For Sale $995,000 +37.2% $708 / Sq Ft
04/15/2021 04/15/21 Sold $725,000 +3.6% $516 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
03/13/2021 03/13/21 For Sale $699,999 -- $498 / 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 $4,227 $664,600 $535,600 $129,000
2023 $4,054 $664,600 $535,600 $129,000
2022 $3,130 $530,500 $456,300 $74,200
2021 $3,439 $508,700 $428,500 $80,200
2020 $3,421 $507,500 $428,500 $79,000
2019 $3,400 $507,500 $428,500 $79,000
2018 $3,289 $507,500 $428,500 $79,000
2017 $3,278 $507,500 $428,500 $79,000
2016 $3,248 $507,500 $428,500 $79,000
2015 $3,167 $507,500 $428,500 $79,000
2013 $2,933 $507,500 $428,500 $79,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1609100

Maine Listings

APN: HARP-000024-000000-000230