$1,995,000
●
House -
Off Market
6 Spencer's Way
Kittery, ME 03904
4 Beds
3 Baths,
1
Half Bath
3,831 Ft²
$11,137
Est. Monthly
1.60%
Cap Rate
About This Property
Custom Built 7 acre Estate Home on Spruce Creek w/private dock &
separate 2-story Business/Office Barn + Tennis Court. Fieldstone
fireplace, granite, marble, & hardwood, 1st floor master suite
w/jet tub, gourmet kitchen, 3-car garage, brick oven fireplace on
lower level, hot tub, & huge wrap deck over looking 1,000 feet of
waterfront. Possible in-law apartment or commericial office in
2-story out building. Close to major shopping & points North &
South & 1 hour from Boston. Appraised @ $2.5M.
Unit Size
3,831 Ft²
Days on Market
-
Land Size
7.00 acres
Price per sqft
$521
Property Type
House
Property Taxes
$1,341
HOA Dues
-
Year Built
1997
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MLSPIN #70761230)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 19, 2022 | Sold | ||
| Sold | |||
| Jul 13, 2020 | Sold | ||
| Sold | |||
| Jun 14, 2020 | Listed by RE/MAX Realty One | $1,495,000 | |
| Listed by RE/MAX Realty One | |||
| | |||
|
Boat,fish or swim from the dock,play tennis on your private court and sip coffee watching the sun rise at this waterfront residence overlooking 7 lush acres on Spruce Creek. A dynamic & bright design is anchored by a gourmet kitchen featuring granite countertops,large island & breakfast bar.An adjoining family room fits both large & small gatherings comfortably w/ cathedral ceilings,built-ins, &gas FP. Expansive windows supply panoramic views scatter natural light to every corner.A formal dining room crown mouldings &wainscoting provides a more intimate location along with an adjacent living room. 1st floor master suite offers balcony access & full bath w/ marble tile and jetted tub. A spiral staircase leads to 3 additional BR's & full bath,while a bonus room over the garage adds space for guest overflow.Enjoy homemade pizza in the wood-fired oven located in the full finished walkout basement. Detached barn w/ finished office &workshop features central air and in-home business options.
| |||
| Dec 31, 2019 | No longer available | - | |
| No longer available | |||
| Jul 24, 2019 | Listed | $1,495,000 | |
| Listed | |||
| | |||
|
Boat, fish or swim from the dock, play tennis on your private court and sip coffee watching the sun rise at this waterfront residence overlooking 7 lush acres on Spruce Creek. A dynamic & bright design is anchored by a gourmet kitchen featuring granite countertops, large island & breakfast bar.An adjoining family room fits both large & small gatherings comfortably w/ cathedral ceilings, built-ins, &gas FP. Expansive windows supply panoramic views scatter natural light to every corner.A formal dining room crown mouldings &wainscoting provides a more intimate location along with an adjacent living room. 1st floor master suite offers balcony access & full bath w/ marble tile and jetted tub. A spiral staircase leads to 3 additional BR's & full bath, while a bonus room over the garage adds space for guest overflow.Enjoy homemade pizza in the wood-fired oven located in the full finished walkout basement. Detached barn w/ finished office &workshop features central air and in-home business options. The manager has listed the unit size as 4331 square feet.
| |||
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Property Highlights
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