NOT LISTED FOR SALE

1277 Post Rd Unit 159 Wells, ME 04090

Wells Neighborhood

Estimated Value: $178,000 - $247,000

1 Bed
1 Bath
432 Sq Ft
$215/mo HOA Fee

Last Sold May 23, 2022

Last sale price $162,650 $377 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,422/month

5 Days on Market

Highlights

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

About This Home

As of May 2022

Welcome to Watercrest Resort! Located just 1.5 miles from Wells Beach, this cozy seasonal cottage is the perfect summer retreat or an investment property. This fully furnished one bedroom unit offers an open concept kitchen dining and living area. Entertain your family and friends on the large private deck or to just sit back and relax. The Watercrest Resort boasts a pool, hot tub, two playgrounds, basketball and plenty of open common area. The association employs their own property management company so owners keep 100% of their rental income. Only 90 minutes from Boston.

Last Listed By

Pamela Coyne

EXIT Oceanside Realty Listed on: 04/13/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $876

Year Built

  • Built in 1940

Lot Details

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

HOA Fees

  • $215 Monthly HOA Fees

Parking

  • No Driveway

Home Design

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

Interior Spaces

  • 432 Sq Ft Home
  • Furnished
  • Living Room
  • Scenic Vista Views
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Nearby Water Access
  • Deck
  • Porch

Location

  • Property is near a golf course

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating Available
  • Tankless Water Heater
  • Water Heated On Demand

Listing and Financial Details

  • Legal Lot and Block 159 / 17
  • Assessor Parcel Number WLLS-000126-000017-000000-000159

Community Details

Overview

  • Watercrest Condominium Subdivision

Amenities

  • Coin Laundry

Recreation

  • Country Club

Property Details

Home Type

Condominium

Est. Annual Taxes

$876

Year Built

Built in 1940

Lot Details

0

HOA Fees

$215 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Watercrest Condominium
  • Directions: Interstate 95 to Wells Exit 19 to Route 109, South on Route one. !277 Post Road is on the left.
  • Above Grade Finished Sq Ft: 432.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.08
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 432.0
  • Property Information:Garage: No
  • 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
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:On Demand: Yes
  • Amenities:Pool-In Ground: Yes
  • Location Information:Association Fee: 644.11
  • Location Information:Fee Frequency Paid: Quarterly
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 1
  • Water Heater:Electric2: Yes
  • Water Heater:Tankless: Yes
  • Living Room:Living Room: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • Driveway:No Driveway: Yes
  • Appliances Included:Gas Range: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • View:Fields: Yes
  • Amenities:Furniture Included: Yes
  • Roads:Seasonal3: Yes
  • Cooling:AC Units: Yes
  • Amenities:Hot Tub: Yes
  • Amenities:Laundry - Coin: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: VirtualTour

Interior Features

  • Private Spa: Yes
  • Appliances: Refrigerator, Gas Range
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: Furniture Included
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Near Golf Course, Near Public Beach, Near Shopping
  • Pool Features: In Ground
  • View: Fields, Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

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: 644.11
  • Association Fee Frequency: Quarterly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3484.8
  • Parcel #: WLLS-000126-000017-000000-000159
  • Zoning: GB

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 876.0
  • Tax Block: 17
  • Tax Book Number: 17962
  • Tax Lot: 159
  • Tax Map Number: 126
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
May 23, 2022
Sold by
Jacques
Bought by
Fusco Michael A and Fusco Carolyn A
Seller's Agent
Pamela Coyne
EXIT Oceanside Realty
Buyer's Agent
Adam Hedio
Coldwell Banker Realty
List Price
$165,000
Sold Price
$162,650
Premium/Discount to List
-$2,350
-1.42%
Total Days on Market
5
Current Estimated Value
$201,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,275
Avg. Annual Appreciation
7.04%
Original Mortgage
$117,975
Outstanding Balance
$113,232
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$85,277

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
Fusco Michael A $162,650 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fusco Michael A $117,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $162,650 -1.4% $377 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $165,000 +72.8% $382 / Sq Ft
12/14/2018 12/14/18 Sold $95,500 -4.4% $221 / Sq Ft
11/17/2018 11/17/18 Pending -- -- --
09/28/2018 09/28/18 For Sale $99,900 -- $231 / 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
2023 $981 $164,640 $100,930 $63,710
2022 $871 $83,230 $45,900 $37,330
2021 $876 $83,230 $45,900 $37,330
2020 $834 $79,590 $45,900 $33,690
2019 $795 $76,260 $45,900 $30,360
2018 $773 $76,260 $45,900 $30,360
2017 $775 $76,260 $45,900 $30,360
2016 $767 $76,260 $45,900 $30,360
2015 $759 $76,260 $45,900 $30,360
2013 $695 $76,260 $45,900 $30,360
Source: Public Records

Agents Affiliated with this Home

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Source: Maine Listings

MLS Number: 1524599

Maine Listings

APN: WLLS-000126-000017-000000-000159