NOT LISTED FOR SALE

1277 Post Rd Unit 124 Wells, ME 04090

Estimated Value: $168,000 - $195,895

1 Bed
1 Bath
460 Sq Ft
$243/mo HOA Fee

Last Sold July 27, 2023

Last sale price $145,000 $315 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,286/month

Highlights

  • Public Beach
  • Main Floor Bedroom
  • Air Conditioning
  • Wells Junior High School Rated A-
  • Cottage
  • Tankless Water Heater

About This Home

As of July 2023

This well maintained seasonal cottage is a must see!! featuring a cozy bedroom and spacious living room. The screened in porch provides an excellent location for your morning coffee to enjoy the sunrise! Located only 2.5 miles from the beach and all of the outstanding restaurants that Wells has to offer makes this cottage very convenient! The cottage also boasts a strong rental history, allowing you to use it yourself, or rent it out so it pays for itself, or both!! Come and take a look at this cottage today!

Last Agent to Sell the Property

Adam Hedio

Coldwell Banker Realty Brokerage Phone: 207-967-9900 Listed on: 07/17/2023

Coldwell Banker Realty

Last Buyer's Agent

Pamela Maxon

Moody Maxon Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $798

Year Built

  • Built in 1940

Lot Details

  • Public Beach
  • Seasonal Access to Property
  • Open Lot
  • Land Lease

HOA Fees

  • $243 Monthly HOA Fees

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 460 Sq Ft Home
  • Family Room

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom

Basement

  • Exterior Basement Entry
  • Crawl Space
  • Natural lighting in basement

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Mounted To A Wall or Window
  • Tankless Water Heater

Community Details

  • Water Crest Condo Association Subdivision

Listing and Financial Details

  • Assessor Parcel Number WLLS-000126-000017-000000-000124
  • Tax Block 17

Property Details

Home Type

Condominium

Est. Annual Taxes

$798

Year Built

Built in 1940

Lot Details

0

HOA Fees

$243 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • MLS Status: Closed
  • Subdivision Name: Water Crest Condo Association
  • Directions: When entering Water Crest Association on the right entrance, the cottage is in the first row on the right.
  • Above Grade Finished Sq Ft: 460.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1940
  • Attribution Contact: 207-967-9900
  • Location Information:Leased Land: Yes
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 315.22
  • Property Information:Seasonal: Yes
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 460.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Roof:Shingle: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Location Information:Association Fee: 730.0
  • Location Information:Fee Frequency Paid: Quarterly
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 1
  • Driveway:Common2: Yes
  • Water Heater:Tankless: Yes
  • Floors:Laminate: Yes
  • Location:Near Public Beach: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Property Information:Short Sale Continue to Show: No
  • Style:Cottage: Yes
  • Family Room:Family Room: Yes
  • Property Information:Bank Owned REO: No
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Heat System:Direct Vent Heater: Yes
  • Basement Entry:Exterior Only: Yes
  • Cooling:AC Units: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Has Basement: Crawl Space, Daylight, Exterior Only
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Kitchen Kitchen Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Near Public Beach, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 730.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Lot Info

  • Land Lease: Yes
  • Parcel #: WLLS-000126-000017-000000-000124
  • Zoning: GB

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 798.0
  • Tax Block: 17
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2023
Closed on
Jul 27, 2023
Sold by
Roumeliotis Chris and Roumeliotis Nina
Bought by
Pruce Cynthia and Pruce Scott
Seller's Agent
Adam Hedio
Coldwell Banker Realty
Buyer's Agent
Pamela Maxon
Moody Maxon Real Estate
List Price
$145,000
Sold Price
$145,000
Current Estimated Value
$183,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,724
Avg. Annual Appreciation
10.50%

Purchase Details

Listed on
Mar 14, 2020
Closed on
Aug 7, 2020
Sold by
Hedio Adam J and Hedio Alyssa N
Bought by
Rouleliotis Nina and Roumeliotis Chris
Seller's Agent
Adam Hedio
RE/MAX Realty One
Buyer's Agent
Tyler Hall
Keller Williams Realty
List Price
$105,000
Sold Price
$93,000
Premium/Discount to List
-$12,000
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.13%
Original Mortgage
$74,400
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 21, 2017
Closed on
Mar 12, 2018
Sold by
Kahn Cynthia B and Kahn William H
Bought by
Hedio Adam J and Hedio Alyssa N
Seller's Agent
Cathy Bame
Coldwell Banker Realty
Buyer's Agent
Deborah Bozworth
Coldwell Banker Realty
List Price
$88,000
Sold Price
$80,000
Premium/Discount to List
-$8,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.42%
Original Mortgage
$60,000
Interest Rate
4.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pruce Cynthia $145,000 None Available
Pruce Cynthia $145,000 None Available
Pruce Cynthia $145,000 None Available
Rouleliotis Nina -- None Available
Rouleliotis Nina -- None Available
Rouleliotis Nina -- None Available
Hedio Adam J -- --
Hedio Adam J -- --
Hedio Adam J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rouleliotis Nina $74,400
Previous Owner Hedio Adam J $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2023 07/27/23 Sold $145,000 0.0% $315 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $145,000 +55.9% $315 / Sq Ft
08/07/2020 08/07/20 Sold $93,000 -11.4% $202 / Sq Ft View Prior Sale
06/04/2020 06/04/20 Pending -- -- --
09/15/2019 09/15/19 For Sale $105,000 +31.3% $228 / Sq Ft
03/08/2018 03/08/18 Sold $80,000 -9.1% $198 / Sq Ft View Prior Sale
12/28/2017 12/28/17 Pending -- -- --
12/21/2017 12/21/17 For Sale $88,000 -- $217 / 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 $964 $158,510 $100,930 $57,580
2023 $923 $154,910 $100,930 $53,980
2022 $798 $76,280 $45,900 $30,380
2021 $802 $76,280 $45,900 $30,380
2020 $762 $72,710 $45,900 $26,810
2019 $731 $70,130 $45,900 $24,230
2018 $724 $70,130 $45,900 $24,230
2017 $713 $70,130 $45,900 $24,230
2016 $706 $70,130 $45,900 $24,230
2015 $698 $70,130 $45,900 $24,230
2013 $640 $70,130 $45,900 $24,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1565523

Maine Listings

APN: WLLS-000126-000017-000000-000124