NOT LISTED FOR SALE

Estimated Value: $853,000 - $2,898,982

1.85 Acres
$1,014,049 Price per Acre
80,586 Sq Ft Lot

Last Sold July 21, 2023

Last sale price $329,000

Est. 470% increase in value since last sale

Current estimated payment $9,975/month

84 Days on Market

Highlights

  • River Front
  • 1.85 Acre Lot
  • Pasture
  • Pond Cove Elementary School Rated A
  • No HOA

About This Lot

As of July 2023

This parcel is located in a highly sought-after area of Cape Elizabeth. View is south-facing towards Spurwink Marsh and offers the best way to watch the changing seasons.

Last Agent to Sell the Property

David Banks

RE/MAX By The Bay Listed on: 03/30/2023

RE/MAX By The Bay

Last Buyer's Agent

Christopher Tinsman

Keystone Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,486

Lot Details

  • 1.85 Acre Lot
  • River Front
  • Rural Setting
  • Property is zoned RA, RPIMAN, RP2

Parking

  • No Driveway

Property Views

  • Water
  • Scenic Vista

Farming

  • Pasture

Utilities

  • Electricity Not Available
  • Natural Gas Not Available
  • Septic Needed

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 03
  • Assessor Parcel Number CAPE-005041R-000003

Property Details

Property Type

Land

Est. Annual Taxes

$4,486

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.85
  • Water Body Name: Spurwink River
  • MLS Status: Closed
  • Directions: From Broadway turn onto Route 77, turn right onto Spurwink Ave. Turn right onto Wells road and property is on the left.
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.85
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Water:Public3: Yes
  • Gas:No Gas: Yes
  • Location:Rural: Yes
  • Driveway:No Driveway: Yes
  • View:Scenic: Yes
  • Property Information:Mobile Homes Allowed: No
  • Parking:No Parking: Yes
  • Electric:No Electric: Yes
  • Sewer:Septic Needed: Yes
  • Site:PastureField: Yes
  • Advertising Remarks:Advertising Remarks: This parcel is located in a highly sought-after area of Cape Elizabeth. View is south-facing towards Spurwink Marsh and offers the best way to watch the changing seasons.
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Pasture, Rural
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: No

Garage/Parking

  • Parking Features: No Driveway, None

Utilities

  • Electric: No Electric
  • Sewer: Septic Needed
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Other Restrictions

Schools

  • Junior High Dist: Cape Elizabeth Public Schools

Lot Info

  • Lot Size Sq Ft: 80586.0
  • Parcel #: CAPE-005041R-000003
  • Zoning: RA, RPIMAN, RP2

Tax Info

  • Tax Annual Amount: 4486.0
  • Tax Lot: 03
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2024
Sold by
91 Old Ocean House Rd Llc
Bought by
Single Build Llc
Current Estimated Value
$1,875,991

Purchase Details

Listed on
Mar 30, 2023
Closed on
Jul 21, 2023
Sold by
Chabot Marc B
Bought by
91 Old Ocean House Rd Llc
Seller's Agent
David Banks
RE/MAX By The Bay
Buyer's Agent
Christopher Tinsman
Keystone Real Estate
List Price
$345,000
Sold Price
$329,000
Premium/Discount to List
-$16,000
-4.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
100.64%
Original Mortgage
$250,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2007
Sold by
Sunrise Island Llc
Bought by
Chabot Marc B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.5%
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
Single Build Llc $460,000 None Available
91 Old Ocean House Rd Llc $329,000 None Available
Chabot Marc B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 91 Old Ocean House Rd Llc $250,000
Previous Owner Chabot Marc B $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2023 07/21/23 Sold $329,000 -4.6% --
06/22/2023 06/22/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $345,000 -- --
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 $3,148 $286,200 $286,200 $0
2023 $6,731 $301,300 $301,300 $0
2022 $4,486 $212,100 $212,100 $0
2021 $4,340 $214,200 $214,200 $0
2020 $4,267 $214,200 $214,200 $0
2019 $4,215 $214,200 $214,200 $0
2018 $4,074 $214,200 $214,200 $0
2017 $3,856 $214,200 $214,200 $0
2016 $3,757 $214,200 $214,200 $0
2015 $3,616 $214,200 $214,200 $0
2013 $3,487 $214,200 $214,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1555009

Maine Listings

APN: CAPE-005041R-000003