NOT LISTED FOR SALE

9 Reef Rd Cape Elizabeth, ME 04107

Estimated Value: $1,287,000 - $1,456,000

4 Beds
3.5 Baths
2,400 Sq Ft
$566/Sq Ft Est. Value

Last Sold June 22, 2017

Last sale price $602,000 $251 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $7,979/month

3 Days on Market

Highlights

  • 15 Feet of Waterfront
  • Ranch Style House
  • 1 Fireplace
  • Pond Cove Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of June 2017

Single level living with Ocean Access! 4 BR, 3 1/2 bath in seaside Shore Acres. Ocean views from your living room! Don't wait on this one because it will be gone! Shared private beach on the Ocean! • Bank of America employees, spouse or domestic partner, household members, business partners and insiders are prohibited from purchasing.

Last Agent to Sell the Property

Joshua Plowman

Bean Group Listed on: 04/30/2017

Last Buyer's Agent

Hona Longstaff

RE/MAX By The Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,910

Year Built

  • Built in 1968

Lot Details

  • 0.51 Acre Lot
  • 15 Feet of Waterfront
  • Ocean Front
  • Landscaped
  • Property is zoned res dist 80m

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2,400 Sq Ft Home
  • 1 Fireplace
  • Water Views

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 015
  • Assessor Parcel Number CAPE-013015U

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,910

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.51
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: Old Ocean House Rd to Shore Acres to Reef RD
  • Above Grade Finished Sq Ft: 2400.0
  • Architectural Style: Ranch
  • Year Built: 1968
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.51
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2400.0
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Gas:No Gas: Yes
  • Location:Suburban: Yes
  • Style:Ranch: Yes
  • Exterior:Clapboard: Yes
  • Sewer:Private Sewer: Yes
  • Roof:Pitched: Yes
  • Water Info:Waterfront Amount -: 15.0
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Full Basement: Yes

Exterior Features

  • Lot Features: Landscaped, Neighborhood, Suburban
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Clapboard, Wood Frame
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 22215.6
  • Parcel #: CAPE-013015U
  • Zoning: res dist 80m

Tax Info

  • Tax Annual Amount: 9910.0
  • Tax Book Number: 21883
  • Tax Lot: 015
  • Tax Map Number: U13
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2017
Closed on
Jun 26, 2017
Sold by
M & T Bank
Bought by
Colello Lee A and Colello Christopher
Seller's Agent
Joshua Plowman
Bean Group
Buyer's Agent
Hona Longstaff
RE/MAX By The Bay
List Price
$549,900
Sold Price
$602,000
Premium/Discount to List
$52,100
9.47%
Current Estimated Value
$1,296,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$694,718
Avg. Annual Appreciation
8.61%
Original Mortgage
$481,600
Outstanding Balance
$406,612
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$772,234
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
Colello Lee A -- --
M & T Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colello Lee A $107,000
Open Colello Lee A $481,600
Previous Owner Kosner Anthony W $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2017 06/22/17 Sold $602,000 +9.5% $251 / Sq Ft
05/04/2017 05/04/17 Pending -- -- --
04/30/2017 04/30/17 For Sale $549,900 -- $229 / 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 $10,552 $959,300 $435,000 $524,300
2023 $21,431 $959,300 $435,000 $524,300
2022 $10,444 $493,800 $201,800 $292,000
2021 $10,004 $493,800 $201,800 $292,000
2020 $9,836 $493,800 $201,800 $292,000
2019 $11,119 $565,000 $201,800 $363,200
2018 $10,746 $565,000 $201,800 $363,200
2017 $10,170 $565,000 $201,800 $363,200
2016 $9,910 $565,000 $201,800 $363,200
2015 $9,537 $565,000 $201,800 $363,200
2013 $9,198 $565,000 $201,800 $363,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joshua Plowman

    Bean Group

  • H

    Buyer's Agent in 2017

    Hona Longstaff

    RE/MAX

See All Agents

Map

Source: Maine Listings

MLS Number: 1304084

Maine Listings

APN: CAPE-013015U

Maine Cumberland County Cape Elizabeth 04107

9 Reef Rd, Cape Elizabeth, ME

This home is located at 9 Reef Rd, Cape Elizabeth, ME 04107 since 30 April 2017 and is currently estimated at $1,358,733, approximately $566 per square foot. This property was built in 1968. 9 Reef Rd is a home located in Cumberland County with nearby schools including Pond Cove Elementary School, Cape Elizabeth Middle School, and Cape Elizabeth High School.

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