NOT LISTED FOR SALE

1277 Post Rd Unit 140 Wells, ME 04090

Estimated Value: $168,000 - $192,000

1 Bed
1 Bath
400 Sq Ft
$172/mo HOA Fee

Last Sold February 02, 2018

Last sale price $75,000 $188 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $1,222/month

13 Days on Market

Highlights

  • Nearby Water Access
  • Public Beach
  • Scenic Views
  • Wells Junior High School Rated A-
  • In Ground Pool
  • Deck

About This Home

As of February 2018

This studio condo is the perfect nest for a snowbird. Although it can be used year-round, it cannot serve as a primary residence. Offered completely furnished with a king-size bed, fully equipped galley kitchen and full bath. The sitting area on the deck overlooks the in-ground pool with distant views of the ocean. Due to "condotel" nature (converted motel to condos) of the association, lenders require 30% down.

Last Agent to Sell the Property

Keri Walker

Pack Maynard and Associates Brokerage Phone: 207-967-9900 Listed on: 01/04/2018

Last Buyer's Agent

Marie Burgie

Bean Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $687

Year Built

  • Built in 1920

Lot Details

  • Public Beach
  • Landscaped

HOA Fees

  • $172 Monthly HOA Fees

Home Design

  • Cottage
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 400 Sq Ft Home
  • Scenic Vista Views

Kitchen

  • Electric Range
  • Microwave
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Nearby Water Access
  • Deck

Location

  • Property is near public transit

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 1277PostRd#140Wells04090

Community Details

Overview

  • 4 Units
  • Watercrest Condominium Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Condominium

Est. Annual Taxes

$687

Year Built

Built in 1920

Lot Details

0

HOA Fees

$172 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.06
  • Road Surface Type: Paved
  • Ownership: Unit Deed
  • MLS Status: Closed
  • Subdivision Name: Watercrest Condominium
  • Directions: On Route 1 next to Morse Hardware, 2 doors down from Wells Steakhouse. Unit in main building, entrance by stairs around back.
  • Above Grade Finished Sq Ft: 400.0
  • Architectural Style: Cottage
  • Year Built: 1920
  • Attribution Contact: 207-967-9900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.06
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 400.0
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Pool-In Ground: Yes
  • Location Information:Association Fee: 172.0
  • Location Information:Fee Frequency Paid: Monthly
  • Exterior:Vinyl Siding: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 4
  • Foundation Materials:Poured Concrete: Yes
  • Location:Near Public Beach: Yes
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • Location:Near Railroad: Yes
  • Cooling:AC Units: Yes
  • Transportation:Rail Available: Yes
  • Amenities:Laundry - Coin: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Lot Features: Landscaped, Near Public Beach, Near Shopping, Near Railroad
  • Pool Features: In Ground
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 172.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2613.6
  • Parcel #: 1277PostRd#140Wells04090
  • Zoning: GB

Multi Family

  • Number Of Units In Community: 4

Tax Info

  • Tax Annual Amount: 687.0
  • Tax Book Number: 12765
  • Tax Lot: 17
  • Tax Map Number: 126
  • Tax Year: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2023
Sold by
Anber Debra C and White Michael W
Bought by
Cushman Debra C and Anber Nidal
Current Estimated Value
$184,018

Purchase Details

Listed on
Jan 4, 2018
Closed on
Feb 5, 2018
Sold by
Sullivan Kevin W and Sullivan Gail M
Bought by
White Michael W and Anber Debra C
Seller's Agent
Keri Walker
Pack Maynard and Associates
Buyer's Agent
Marie Burgie
Bean Group
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.36%
Original Mortgage
$60,000
Interest Rate
3.94%
Mortgage Type
New Conventional
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
Cushman Debra C -- None Available
Cushman Debra C -- None Available
White Michael W -- --
White Michael W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Michael W $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2018 02/02/18 Sold $75,000 -6.1% $188 / Sq Ft
01/18/2018 01/18/18 Pending -- -- --
01/04/2018 01/04/18 For Sale $79,900 -- $200 / 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 $905 $148,880 $96,500 $52,380
2023 $887 $148,880 $96,500 $52,380
2022 $762 $72,850 $43,890 $28,960
2021 $766 $72,850 $43,890 $28,960
2020 $743 $70,920 $43,890 $27,030
2019 $712 $68,320 $43,890 $24,430
2018 $705 $68,320 $43,890 $24,430
2017 $694 $68,320 $43,890 $24,430
2016 $687 $68,320 $43,890 $24,430
2015 $680 $68,320 $43,890 $24,430
2013 $623 $68,320 $43,890 $24,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1335566

Maine Listings

APN: WLLS-000126-000017-000000-000140