5 Waterview Lane, Newcastle, ME, 04553
About This Home
Located on a quiet lane overlooking the Damariscotta River and within walking distance of the village of Newcastle, this George Hervochon design is beautifully planned and exquisitely detailed. The room layout and details include a magnificent kitchen with raised panel cabinetry, an adjacent family room and a dining area with gas fireplace. A few steps away is the formal living room with a wood burning fireplace and an artist mural depicting the village buildings and riverfront in Newcastle's early years. The primary bedroom and bath suite is also located on the first floor off the center-hall. This first floor suite includes a closet with nearly new stacking washer and dryer. Upstairs is a large den or family room with windows facing the River. The den could also serve as a bedroom as the second floor bath is nearby. Two other bedrooms complete the second floor layout. One of those is designed with cozy built-in cubbies, ideal for younger family members or visitors. On the lower level, you will find a room with another washer/dryer set and other serviceable storage rooms. A few steps lower is the garage which holds 2 cars and has automatic doors. The yard is beautifully landscaped and easily maintained. A brick parking area provides entry level parking for visitors. Your visit and tour of this property will confirm that the current owners have been meticulous in their care of the property over their 18 years of ownership.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1991
Materials
- Foundation: Poured Concrete
- Roof: Shingle
- Construction materials: Wood Frame,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Electric Range,Gas Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Interior Entry,Full
Bedroom1
- Level: Second
- Area: 238
- Dimensions: 17 x 14
Bedroom2
- Level: Second
- Area: 170
- Dimensions: 17 x 10
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Level: First
- Area: 345
- Dimensions: 23 x 15
Family Room
- Features: Cathedral Ceiling(s)
- Level: Second
- Area: 336
- Dimensions: 21 x 16
Features
- 1st Floor Primary Bedroom w/Bath,Storage,Primary Bedroom w/Bath
- Window features: Double Pane Windows
- Flooring: Wood
- Number of fireplaces: 2
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 2,472
Heating & Cooling
- Heating features: Baseboard,Hot Water,Zoned
- Cooling features: None
Interior Area
- Total structure area: 2,472
- Total interior livable area: 2,472 sqft
Kitchen
- Features: Eat-in Kitchen
- Level: First
- Area: 240
- Dimensions: 24 x 10
Living Room
- Features: Wood Burning Fireplace
- Level: First
- Area: 322
- Dimensions: 23 x 14
Primary Bedroom
- Level: First
- Area: 221
- Dimensions: 17 x 13
Property
Details
- Parcel number: NEWCM011L028A
- Zoning: Residential
Features
- Levels: Multi/Split
- Patio & porch: Deck
- Has view: Yes
- View description: Scenic,Trees/Woods
- Waterbody name: Damariscotta River
Lot
- Lot size: 1.75 Acres
- Features: Near Town,Neighborhood,Open Lot,Rolling Slope
Parking
- Total spaces: 2
- Parking features: Paved,1 - 4 Spaces,On Site
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Winter Weather
- Lightning
- Coastal Flooding
- Hurricane
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,019 | $48,228 |
| Home Insurance | $332 | $3,984 |
| Property Taxes | $1,078 | $12,936 |
| Electricity | $359 | $4,311 |
| Total | $5,788 | $69,456 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-15 | Listed for sale | $875,000 |
For Sale by Agent
View on Zillow