$180,000
SOLD JUL 3, 2025

1277 Post Rd Unit 142 Wells, ME 04090

1 Bed
1 Bath
310 Sq Ft
$190/mo HOA Fee

Recently Sold

$581 Per Sq Ft

7% Above List Price

5 Days on Market

Highlights

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

About This Home

As of July 2025

This studio style unit in a prime location at the Water Crest Motels and Cottages Association. Enjoy your private deck with a view of the pool and hot tub which is only steps away. The unit has tile throughout which makes for easy cleanings, the stove, TV, bed and bed frame are new. The deck has all new composite decking! right on route 1 in Wells, this association is close to the ocean and beaches, as well as the local shops and restaurants. A key feature of this association is the property manager who is employed by the association and does not take a management fee, the owner gets all of the rental income for their unit! This unit has a healthy rental history and the bonus of being open year round! You cannot beat this price for a year round condo in Wells. The 28 day rule does apply.

Last Agent to Sell the Property

Adam Hedio

Coldwell Banker Realty Brokerage Phone: 207-967-9900 Listed on: 04/04/2025

Coldwell Banker Realty

Last Buyer's Agent

Johnna Brown

RE/MAX Realty One

RE/MAX Realty One

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $838

Year Built

  • Built in 1920

HOA Fees

  • $190 Monthly HOA Fees

Home Design

  • Cottage
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 310 Sq Ft Home
  • Tile Flooring
  • Scenic Vista Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • Common or Shared Parking
  • Shared Driveway
  • On-Site Parking
  • Reserved Parking

Outdoor Features

  • In Ground Pool
  • Nearby Water Access
  • Deck

Utilities

  • Air Conditioning
  • Heating System Uses Oil
  • Hot Water Heating System

Additional Features

  • Open Lot
  • Property is near a golf course

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number WLLS-000126-000017-000000-000142

Community Details

Overview

  • 4 Units
  • Watercrest Cottages And Motels Subdivision
  • Near Conservation Area

Recreation

  • Country Club

Property Details

Home Type

Condominium

Est. Annual Taxes

$838

Year Built

Built in 1920

Lot Details

0

HOA Fees

$190 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • MLS Status: Closed
  • Subdivision Name: Watercrest Cottages and Motels
  • Above Grade Finished Sq Ft: 310.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1920
  • Attribution Contact: 207-967-9900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 545.16
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 310.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Amenities:Pool-In Ground: Yes
  • Location Information:Association Fee: 570.94
  • Location Information:Fee Frequency Paid: Quarterly
  • Exterior:Vinyl Siding: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 4
  • Driveway:Common2: Yes
  • Parking:On Site2: Yes
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Location:Abuts Conservation: Yes
  • Washer/Dryer Other Location: Yes
  • Cooling:AC Units: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Parking Reserved Parking Spaces: 2
  • Advertising Remarks:Advertising Remarks: This studio style unit in a prime location at the Water Crest Motels and Cottages Association. Enjoy your private deck with a view of the pool and hot tub which is only steps away. The unit has tile throughout which makes for easy cleanings, the bathroom was renovated 2 years ago, and the refrigerator is only 2 years old. Located right on route 1 in Wells, this association is close to the ocean and beaches, as well as the local shops and restaurants. A key feature of this association is the property manager who is employed by the association and does not take a management fee, the owner gets all of the rental income for their unit! This unit has a healthy rental history and the bonus of being open year round! You cannot beat this price for a year round condo in Wells. The 28 day rule does apply. The deck is the responsibility of the owner to maintain
  • Special Features: None

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Tile
  • Kitchen Kitchen Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Other Location, Open, Level, Abuts Conservation, Near Golf Course, Near Shopping
  • Pool Features: In Ground
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Reserved Parking, 1 - 4 Spaces, Common, On Site

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 570.94
  • Association Fee Frequency: Quarterly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Parcel #: WLLS-000126-000017-000000-000142
  • Zoning: GB

Multi Family

  • Number Of Units In Community: 4

Tax Info

  • Tax Annual Amount: 838.0
  • Tax Lot: 17
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2025
Closed on
Jul 3, 2025
Sold by
Atherton Aaron J and Atherton Sarah E
Bought by
Jj Brown Properties Llc
Seller's Agent
Adam Hedio
Coldwell Banker Realty
Buyer's Agent
Johnna Brown
RE/MAX Realty One
List Price
$169,000
Sold Price
$180,000
Premium/Discount to List
$11,000
6.51%
Views
19
Current Estimated Value
$176,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,653
Avg. Annual Appreciation
-5.00%
Original Mortgage
$135,000
Outstanding Balance
$134,315
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$42,032

Purchase Details

Listed on
Sep 2, 2020
Closed on
Oct 16, 2020
Sold by
Wolfgang Patrick and Wolfgang Suzanne
Bought by
Atherton Sarah E
Seller's Agent
Adam Hedio
RE/MAX Realty One
Buyer's Agent
Adam Hedio
RE/MAX Realty One
List Price
$99,900
Sold Price
$99,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.29%
Original Mortgage
$79,920
Interest Rate
2.9%
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 Type Sale Price Title Company
Warranty Deed $180,000 --
Warranty Deed $180,000 --
Warranty Deed $180,000 --
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $135,000 New Conventional
Closed $135,000 Purchase Money Mortgage
Previous Owner $79,920 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/03/2025 07/03/25 Sold $180,000 +6.5% $581 / Sq Ft
04/09/2025 04/09/25 Pending -- -- --
04/04/2025 04/04/25 For Sale $169,000 +69.2% $545 / Sq Ft
10/16/2020 10/16/20 Sold $99,900 0.0% $322 / Sq Ft View Prior Sale
09/05/2020 09/05/20 Pending -- -- --
09/02/2020 09/02/20 For Sale $99,900 -- $322 / 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 $855 $140,630 $96,500 $44,130
2023 $838 $140,630 $96,500 $44,130
2022 $713 $68,140 $43,890 $24,250
2021 $717 $68,140 $43,890 $24,250
2020 $714 $68,140 $43,890 $24,250
2019 $687 $65,910 $43,890 $22,020
2018 $640 $63,160 $43,890 $19,270
2017 $642 $63,160 $43,890 $19,270
2016 $635 $63,160 $43,890 $19,270
2015 $628 $63,160 $43,890 $19,270
2013 $576 $63,160 $43,890 $19,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1618047

Maine Listings

APN: WLLS-000126-000017-000000-000142