NOT LISTED FOR SALE

85 Lake Ave Gray, ME 04039

Estimated Value: $1,465,000 - $1,810,143

4 Beds
2.5 Baths
2,754 Sq Ft
$587/Sq Ft Est. Value

Last Sold February 08, 2024

Last sale price $1,525,000 $554 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,927/month

13 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Wooded Lot
  • 251 Feet of Waterfront
  • Deck
  • Attic

About This Home

As of February 2024

Imagine a lake home for all seasons - swimming, sailing, kayaking, ice skating, and ice fishing too! This home has spectacular sunset views and over 250 feet of private frontage with a buffer of woods to one side, a sandy swim area next to the dock and multiple ways to enjoy the views outside, from the stone patio and firepit, to the screened porch, to the long deck with panoramic views of the water. Cleverly designed, almost as if two gambrel style cottages were joined by a breezeway, this home is perfect for guests. The oversized foyer welcomes you with an expanse of windows framing the water view. To the left is an open living and dining area, freshly painted and with brand new floors. From the living room, the sun streams in from the glass doors, and the sparkling water bounces the light around. A gas fireplace is on hand for cool fall nights, and colder winter evenings when you might find yourself tuckered from skating or cross country skiing. The dining area is positioned to take in the views and opens into the marvelous new kitchen. Designed with an understated elegance, the kitchen centers on the dual heat Thermador range with classic gold tone star shape burners, which sets the mood for the space. Quartz countertops with subtle camel color veining are crowned by a tile backsplash and multiple cabinet spaces. A pantry is tucked around the corner, next to the half bath, as well as a cozy office for when those pesky work emails beckon. Upstairs you will find two bedrooms, as well as an entirely brand new bathroom. And the lower level holds a finished walk-out area ready for multiple uses- a media room? Ping-pong? A home gym? Utility & storage areas are also part of this wing. Across the generous foyer is a direct entry door to a huge garage space w/ workbench area. Even the garage has water views! Upstairs the guest wing holds two more bedrooms & another full bathroom. All this on a private .92 acre lot!

Last Agent to Sell the Property

Holly Mitchell

Keller Williams Realty Brokerage Phone: 207-650-6176 Listed on: 12/06/2023

Keller Williams Realty

Last Buyer's Agent

David Willis

Willis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,292

Year Built

  • Built in 1982

Lot Details

  • 0.92 Acre Lot
  • 251 Feet of Waterfront
  • Lake Front
  • Wooded Lot
  • Property is zoned Shoreland

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Heated Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Gambrel Roof
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Fireplaces
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Screened Porch
  • Tile Flooring
  • Attic

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Quartz Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Deeded Waterfront Access Rights
  • Docks
  • Deck
  • Patio

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heat Pump System
  • Generator Hookup
  • Private Water Source
  • Well
  • High-Efficiency Water Heater
  • Hot Water Circulator
  • Septic Design Available
  • Private Sewer
  • Internet Available
  • Cable TV Available

Additional Features

  • ENERGY STAR/CFL/LED Lights
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 021 / 303
  • Assessor Parcel Number GRAY-000040-000303-000021

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,292

Year Built

Built in 1982

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.92
  • Water Body Name: Little Sebago Lake
  • MLS Status: Closed
  • Directions: Rte. 115/202 to Cambell Shore Rd. Follow to end. Right on Lake Ave. {Property is a half mile on left.
  • Above Grade Finished Sq Ft: 2297.0
  • Architectural Style: Gambrel
  • Garage Yn: Yes
  • Efficiency: Recirculating Hot Water, LED Light Fixtures, High Efficiency Water Heater, Double Pane Windows
  • Year Built: 1982
  • Attribution Contact: 207-650-6176
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.92
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2297.0
  • Property Information:SqFt Finished Below Grade: 457.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Location Information:Association Fee: 200.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 2.0
  • Vehicle Storage:Auto Door Opener: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Location:Suburban: Yes
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Office:Office: Yes
  • Appliances Included:Wall Oven: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Attic: Yes
  • Water Info:Waterfront Amount -: 251.0
  • Water Info:Water Frontage Owned -: 251.0
  • Recreational Water:Deeded: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • Equipment:Internet Access Available: Yes
  • Family Room:Family Room: Yes
  • Appliances Included:Gas Range: Yes
  • Water:Well Existing on Site: Yes
  • Sewer:Septic Design Available: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Kitchen Countertop:Quartz: Yes
  • Style:Gambrel: Yes
  • Electric:Generator Hookup: Yes
  • Water Heater:Heat Pump2: Yes
  • Vehicle Storage:Heated: Yes
  • Recreational Water:Dock: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Energy Efficiency:LED Light Fixtures: Yes
  • Energy Efficiency:Recirculating Hot Water: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 2
  • Special Features: None

Interior Features

  • Appliances: Washer, Wall Oven, Refrigerator, Microwave, Gas Range, Dryer
  • Has Basement: Walk-Out Access, Daylight, Finished, Full, Interior Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 457.0
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Attic, Bathtub
  • 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
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Wooded, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Suburban
  • View: Scenic
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio, Screened
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Garage Door Opener, Inside Entrance, Heated Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Generator Hookup, Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee: 200.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 40075.2
  • Parcel #: GRAY-000040-000303-000021
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 10292.0
  • Tax Block: 303
  • Tax Book Number: 39602
  • Tax Lot: 021
  • Tax Map Number: 040
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
Feb 8, 2024
Sold by
Poliquin John G and Somes Cynthia
Bought by
Wentworth Daryl J and Wentworth Kristin G
Seller's Agent
Holly Mitchell
Keller Williams Realty
Buyer's Agent
David Willis
Willis Real Estate
List Price
$1,595,000
Sold Price
$1,525,000
Premium/Discount to List
-$70,000
-4.39%
Views
9
Current Estimated Value
$1,616,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,786
Avg. Annual Appreciation
3.79%
Original Mortgage
$1,067,500
Outstanding Balance
$1,050,714
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$566,072

Purchase Details

Closed on
Jun 3, 2022
Sold by
Mcloon Cynthia S and Poliquin John G
Bought by
Somes Cynthia and Poliquin John G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,456,200
Interest Rate
3.57%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 26, 2011
Sold by
Joy Joan P and Joy Susan B
Bought by
Mcloon Cynthia S and Poliquin John G

Purchase Details

Closed on
Jun 23, 2005
Sold by
Joy Robert A and Joy Joan P
Bought by
Joy Robert A and Joy Joan P
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
Wentworth Daryl J $1,525,000 None Available
Somes Cynthia -- None Available
Mcloon Cynthia S -- --
Joy Robert A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wentworth Daryl J $454,000
Open Wentworth Daryl J $1,067,500
Previous Owner Somes Cynthia $1,456,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2024 02/08/24 Sold $1,525,000 -4.4% $554 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $1,595,000 -- $579 / 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 $14,033 $1,446,700 $832,900 $613,800
2023 $11,200 $737,800 $416,500 $321,300
2022 $10,292 $737,800 $416,500 $321,300
2021 $10,274 $703,200 $416,500 $286,700
2020 $10,149 $688,100 $416,500 $271,600
2019 $10,149 $688,100 $416,500 $271,600
2018 $9,353 $688,100 $416,500 $271,600
2017 $7,585 $417,200 $235,900 $181,300
2016 $7,635 $417,200 $235,900 $181,300
2015 $7,593 $417,200 $235,900 $181,300
2014 $7,593 $417,200 $235,900 $181,300
2012 $6,281 $396,250 $218,640 $177,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1578760

Maine Listings

APN: GRAY-000040-000303-000021