Score
0Mount Desert, ME
2 Pine Ledge Lane
985K
4 beds
3 baths
2,773 sqft
4 bd • 3 ba • 2,773 sf
This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$985,000
Price/Sq.Ft
$355
Year Built
1998
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Unique Architectural Design: The property was designed by Chris Wiggins, featured in Architectural Digest, and incorporates old-world architecture with modern amenities. The Moroccan and Japanese influences add distinctive character.
• Multiple Living Spaces: The main house (2,773 sqft), carriage house apartment (986 sqft), and guest house offer flexible living arrangements for families or rental opportunities.
• Excellent Rental History: The property has been a seasonal rental for two years with a proven track record, making it attractive for investors seeking immediate income.
• Spectacular Views: Located in Hall Quarry, the property offers mountain and water views, enhancing its appeal and potential rental value.
• Proximity to Acadia National Park: The property's location near Acadia National Park provides easy access to outdoor activities and attractions, driving tourist interest and rental demand.
The Bad
• High Price per Square Foot: At $355.21 per square foot, the property is priced higher than some other homes in the Mount Desert area, which may deter some buyers. More analysis of comparable properties is needed to determine if this is justified by the unique features.
• Dependence on Tourism: The property's rental history, while excellent, relies on seasonal tourism. Off-season vacancies could impact potential income.
• Limited School Information: The elementary school's rating is not available, which may be a concern for families with young children. The high school rating of 7/10 is good but not exceptional.
• Potential for Higher Insurance Costs: The major wind risk (6/10) could translate to higher insurance premiums, adding to the overall cost of ownership.
• Age of the Property: Built in 1998, the property may require updates or renovations to meet modern standards, potentially increasing expenses.
The Ugly
• High Estimated Insurance Cost: The estimated annual insurance cost is $3,546, which is significantly higher than the national average. This is likely due to the coastal location and wind risk, adding a substantial expense to the cost of ownership.
• Past Listing History: The property has had a volatile listing history with significant price changes and periods off the market. This could raise concerns about its marketability and perceived value. For example, listed at $2,500,000 in 2013, sold at $550,000 in 2019, and now listed at $985,000.
• Undefined Median Income: The lack of median income data makes it difficult to assess the affordability of the property for local residents.
• Potential for High Maintenance Costs: The unique architectural features and multiple structures may require specialized maintenance and repairs, leading to higher ongoing expenses.
• Weather and Climate: The property's location on Mount Desert Island means it will experience harsh winters with significant snowfall, ice, and potential power outages. Ensure the home is properly insulated and equipped for winter weather.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking Unique Architectural Design: This property appeals to those who appreciate distinctive, artistic homes, as it was featured in Architectural Digest and designed by Chris Wiggins. The Moroccan and Japanese influences offer an uncommon aesthetic.
• Short-Term Rental Investors: With a proven rental history, the property is well-suited for investors looking to capitalize on seasonal tourism. The main house, carriage house apartment, and guest house provide multiple rental opportunities.
• Buyers Desiring Privacy and Views: Located in Hall Quarry, the property offers mountain and water views, coupled with a secluded setting. The gazebo and deck are ideal for enjoying the natural surroundings.
• Multi-Generational Families: The in-law floorplan and additional apartment above the garage provide flexible living arrangements for families needing separate spaces.
• Buyers Comfortable with Higher Insurance Costs: Due to the property's wind risk, buyers who are willing to pay more for insurance and take preventative measures to protect the property from wind damage.
Not For
• Buyers Seeking Modern, Standardized Homes: The property's unique architectural features and artistic details may not appeal to those who prefer a more conventional or contemporary style.
• Buyers on a Strict Budget: With a price per square foot of $355.21 and potential for higher insurance costs due to wind risk, this property may not be suitable for buyers with limited financial resources.
• Year-Round Residents Requiring Extensive Amenities: While Mount Desert Island offers a charming community, its seasonal nature may not appeal to those who require year-round access to a wide range of services and amenities.
• Buyers Averse to Property Maintenance: The multiple structures (main house, carriage house, guest house) and unique design elements may require more maintenance than a typical single-family home.
• Buyers Concerned About Privacy Due to Short-Term Rentals: While the property has been a successful rental, potential buyers who prioritize absolute privacy may not want to continue operating it as a rental.
Demographics
Area Median Income
$0
Property History
Price History
Ownership Timeline
$0Financed
Jan 23, 2019Maine Event LlcJacob T Pollien, Jessica M Pollien
Quit Claim Deed
Standard Sale (Purchase/Resales)
$775,000Cash Purchase
Jan 1, 1970First NaMaine Event Llc
Quit Claim Deed
Standard Sale (Purchase/Resales)
Property Taxes
$7,501
2023 Tax Assessment
8.5%from previous year
Assessed Value$860,200
Tax Rate0.87%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
High
7.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$0
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$985,000
Price/sqft
$355
Layout
4 bd•3 ba
Days on market
14 daysat time of analysis
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$626,075
57.3%
Your price is 57.3% above average
Median Price
$627,150
57.1%
Based on 2 recent sales
Price per Sq.Ft
$269
32.0%
Your price is 32.0% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 6 Cyrus Road, Mount Desert, ME 04660 | $627,150 | 2,335 | 3 | 3 | $26924.4% | 1/4/2025 |
| 0 Broad Cove Road, Mount Desert, ME 04660 | $625,000 | N/A | N/A | N/A | N/A | 2/14/2025 |
6 Cyrus Road, Mount Desert, ME 04660
Price: $627,150
Sq.Ft: 2,335
Beds/Baths: 3/3
$/Sq.Ft:
$26924.4%
Sale Date: 1/4/2025
0 Broad Cove Road, Mount Desert, ME 04660
Price: $625,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 2/14/2025
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