NOT LISTED FOR SALE

924 Route 1 Newcastle, ME 04553

Estimated Value: $651,345 - $889,000

4 Beds
1 Bath
3,426 Sq Ft
$220/Sq Ft Est. Value

Last Sold March 14, 2023

Last sale price $500,000 $146 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,546/month

75 Days on Market

Highlights

  • Barn
  • Scenic Views
  • Farm
  • Great Salt Bay Community School Rated A-
  • 23 Acre Lot
  • Garrison Architecture

About This Home

As of March 2023

This Circa 1800 Garrison has been owned by the same family since 1945. The house is set back from Route 1 and features many acres of pristine pastures. There is also a large Gambrel barn with frontage on Sherman Marsh. The kitchen features exposed beams and a wood stove. A local sheep farmer brings his sheep to graze in the pastures each fall. This property has many possibilities including a farm with retail store.
Bring your ideas and make this beautiful antique house and land your home.

Last Agent to Sell the Property

Dean Jacobs

Newcastle Realty Brokerage Phone: 207-563-1003 Listed on: 11/18/2022

Last Buyer's Agent

Taylr Wood

Bean Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,039

Year Built

  • Built in 1800

Lot Details

  • 23 Acre Lot
  • Open Lot
  • Lot Has A Rolling Slope
  • Property is zoned Rural Highway

Parking

  • Gravel Driveway

Home Design

  • Garrison Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,426 Sq Ft Home
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Sun or Florida Room
  • Wood Flooring
  • Scenic Vista Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Interior Basement Entry
  • Dirt Floor

Outdoor Features

  • Outbuilding

Farming

  • Barn
  • Farm
  • Agricultural
  • Pasture

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 50 / 50
  • Assessor Parcel Number NEWC-000002-000000-000050

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,039

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 23.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Driveway is located on Route One 0.3 miles north of the Sherman March rest area.
  • Above Grade Finished Sq Ft: 3426.0
  • Architectural Style: Garrison
  • Garage Yn: No
  • Year Built: 1800
  • Attribution Contact: 207-563-1003
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 23.0
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 3426.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Kitchen Countertop:Granite: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Gas:No Gas: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Wood Siding: Yes
  • Bonus Room:Bonus Room: Yes
  • Office:Office: Yes
  • Sunroom:Sunroom: Yes
  • Sewer:Private Sewer: Yes
  • Basement:Dirt Floor: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Family Room:Family Room: Yes
  • Water Heater:Oil2: Yes
  • View:Scenic: Yes
  • View:Fields: Yes
  • Site:Agriculture: Yes
  • Site:Farm: Yes
  • Site:PastureField: Yes
  • Style:Garrison: Yes
  • Other Structures:Barn: 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: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Dishwasher
  • Has Basement: Dirt Floor, Interior Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Bedroom 2 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Farm, Agriculture, Open Lot, Rolling Slope, Pasture, Near Shopping, Near Town
  • View: Fields, Scenic
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Stone
  • Other Structures: Barn, Outbuilding
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: AOS 93

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1001880.0
  • Parcel #: NEWC-000002-000000-000050
  • Zoning: Rural Highway

Tax Info

  • Tax Annual Amount: 4039.0
  • Tax Block: 50
  • Tax Book Number: 3072
  • Tax Lot: 50
  • Tax Map Number: 2
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2022
Closed on
Mar 14, 2023
Sold by
Steele Pauline J Est and Willis
Bought by
Shermans Landing Llc
Seller's Agent
Dean Jacobs
Newcastle Realty
Buyer's Agent
Taylr Wood
Bean Group
List Price
$549,000
Sold Price
$500,000
Premium/Discount to List
-$49,000
-8.93%
Current Estimated Value
$730,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,193
Avg. Annual Appreciation
18.52%
Original Mortgage
$400,000
Outstanding Balance
$389,595
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$364,741
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
Shermans Landing Llc -- None Available
Shermans Landing Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shermans Landing Llc $400,000
Closed Shermans Landing Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2023 03/14/23 Sold $500,000 -8.9% $146 / Sq Ft
11/18/2022 11/18/22 For Sale $549,000 -- $160 / 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 $6,576 $483,500 $92,200 $391,300
2023 $4,198 $262,400 $73,500 $188,900
2022 $4,198 $264,000 $75,100 $188,900
2021 $4,039 $264,000 $75,100 $188,900
2020 $4,067 $227,200 $81,600 $145,600
2019 $4,067 $227,200 $81,600 $145,600
2018 $4,067 $227,200 $81,600 $145,600
2017 $4,101 $227,200 $81,600 $145,600
2016 $4,101 $227,200 $81,600 $145,600
2015 $4,101 $227,200 $81,600 $145,600
2013 $3,612 $227,200 $81,600 $145,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Dean Jacobs

    Newcastle Realty

    (207) 557-0669

    3 in this area

    20 Total Sales

    Section Image

  • T

    Buyer's Agent in 2023

    Taylr Wood

    Bean Group

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Map

Source: Maine Listings

MLS Number: 1548494

Maine Listings

APN: NEWC-000002-000000-000050

Maine Lincoln County Newcastle 04553

924 Route 1, Newcastle, ME

This home is located at 924 Route 1, Newcastle, ME 04553 since 18 November 2022 and is currently estimated at $754,336, approximately $220 per square foot. This property was built in 1800. 924 Route 1 is a home located in Lincoln County with nearby schools including Great Salt Bay Community School, Center for Teaching & Learning, and Lincoln Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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