NOT LISTED FOR SALE

1277 Post Rd Unit 150 Wells, ME 04090

Estimated Value: $244,000 - $260,000

2 Beds
1 Bath
530 Sq Ft
$296/mo HOA Fee

Last Sold May 10, 2018

Last sale price $124,000 $234 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,728/month

161 Days on Market

Highlights

  • Nearby Water Access
  • Public Beach
  • In Ground Pool
  • Wells Junior High School Rated A-
  • Country Club
  • Property is near public transit

About This Home

As of May 2018

This 2 bedroom unit at Watercrest Cottages is one of the few spots in the area where you can get an ocean view for under 150K. This affordably priced 3-season cottage has an outstanding rental history w/onsite management. The management fee is incorporated into your association dues so you are able to keep 100% of your rental income. Watercrest offers an in-ground pool, play area, basketball & volleyball courts, coin-op laundry, & easy access to everything this seaside community has to offer! Call today!

Last Agent to Sell the Property

Jason Vennard

Anchor Real Estate Listed on: 10/31/2017

Last Buyer's Agent

Jason Vennard

The Ramsdell Agency

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,061

Year Built

  • Built in 1989

Lot Details

  • Road Access Is Seasonal
  • Public Beach
  • Seasonal Access to Property
  • Landscaped
  • Open Lot

HOA Fees

  • $296 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 530 Sq Ft Home
  • Furnished
  • Living Room
  • Sun or Florida Room
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Formica Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • In Ground Pool
  • Nearby Water Access

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating Available
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 017-150
  • Assessor Parcel Number WLLS-000126-000017-000000-000150

Community Details

Overview

  • Watercrest Condominium Association Subdivision

Amenities

  • Coin Laundry

Recreation

  • Country Club

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,061

Year Built

Built in 1989

Lot Details

0

HOA Fees

$296 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Watercrest Condominium Association
  • Directions: Interstate 95 to Wells Exit #19, Route 109 East to Route 1, Route 1 (Post Road) South to 1277 Post Road on Left.
  • Above Grade Finished Sq Ft: 530.0
  • Architectural Style: Cottage
  • Year Built: 1989
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 530.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Microwave: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Amenities:Pool-In Ground: Yes
  • Location Information:Association Fee: 888.68
  • Location Information:Fee Frequency Paid: Quarterly
  • Foundation Materials:Slab: Yes
  • 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
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Location:Near Public Beach: Yes
  • Sunroom:Sunroom: Yes
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • Equipment:Internet Access Available: Yes
  • Appliances Included:Gas Range: Yes
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • View:Fields: Yes
  • Amenities:Furniture Included: Yes
  • Roads:Seasonal3: Yes
  • Cooling:AC Units: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Condominium:Total Units4: 59
  • Sunroom Amenities:Three-Season: Yes
  • Amenities:Laundry - Coin: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Gas Range
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Furniture Included
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Public Transit
  • Pool Features: In Ground
  • View: Fields
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 888.68
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: WLLS-000126-000017-000000-000150
  • Zoning: GB

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 59

Tax Info

  • Tax Annual Amount: 1061.0
  • Tax Book Number: 14865
  • Tax Lot: 017-150
  • Tax Map Number: 0126
  • Tax Year: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2017
Closed on
May 14, 2018
Sold by
Brown Robert J
Bought by
Maxfield Tammy M and Maxfield Dennis R
Seller's Agent
Jason Vennard
Anchor Real Estate
Buyer's Agent
Jason Vennard
The Ramsdell Agency
List Price
$139,900
Sold Price
$124,000
Premium/Discount to List
-$15,900
-11.37%
Current Estimated Value
$250,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,085
Avg. Annual Appreciation
9.90%

Purchase Details

Closed on
Jun 12, 2006
Sold by
Dyer Donna J and Dyer Lawrence W
Bought by
Brown Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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
Maxfield Tammy M -- --
Maxfield Tammy M -- --
Brown Robert J -- --
Brown Robert J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Robert J $121,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2018 05/10/18 Sold $124,000 -11.4% $234 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
10/31/2017 10/31/17 For Sale $139,900 -- $264 / 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 $1,276 $209,900 $111,740 $98,160
2023 $1,251 $209,900 $111,740 $98,160
2022 $1,226 $117,230 $50,800 $66,430
2021 $1,233 $117,230 $50,800 $66,430
2020 $1,211 $115,540 $50,800 $64,740
2019 $1,139 $109,350 $50,800 $58,550
2018 $1,069 $105,440 $50,800 $54,640
2017 $1,071 $105,440 $50,800 $54,640
2016 $1,061 $105,440 $50,800 $54,640
2015 $1,049 $105,440 $50,800 $54,640
2013 $962 $105,440 $50,800 $54,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1331415

Maine Listings

APN: WLLS-000126-000017-000000-000150