NOT LISTED FOR SALE

1650 Post Rd Wells, ME 04090

Wells Area
4 Beds
4 Baths
2,128 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: April 2, 2024

Last sale price $650,000 $305 Per Sq Ft

80 Days on Market

Highlights

  • Nearby Water Access
  • Colonial Architecture
  • No HOA
  • Wells Junior High School Rated A-
  • Property is near public transit and shops
  • Bathtub

About This Home

As of April 2024

Unique opportunity to own a 4-unit apartment building in Wells, Maine. This 1900's classic colonial features 4, one-bedroom, one-bath units with open-concept kitchen and living areas. Recently, new flooring has been installed throughout and the interior painted. A spacious foyer provides interior access, two units being on the first level and two units being located on the second level. The level lot offers a paved area with ample parking for tenants. The building is currently 100% vacant, whether you are looking for owner occupied, short term or long term tenancy, or commercial conversion, the opportunities are endless. A great location, walking distance to Wells Harbor, restaurants and seacoast amenities!

Last Agent to Sell the Property

Rick Cosseboom

Anchor Real Estate Listed on: 01/12/2024

Last Buyer's Agent

Joseph Italiaander

The Boulos Company

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,560

Year Built

  • Built in 1900

Lot Details

  • 11,761 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,128 Sq Ft Home
  • 1-Story Property

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Property is near a beach

Location

  • Property is near public transit and shops

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 008 1
  • Assessor Parcel Number WLLS-000135-000008-000000-000001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,560

Year Built

Built in 1900

Lot Details

0.27 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2128.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 328.48
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.27
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2128.0
  • 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:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:Stone: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Basement:Crawl Space: Yes
  • Recreational Water:Nearby: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Advertising Remarks:Advertising Remarks: Unique opportunity to own a 4-unit apartment building in Wells, Maine. This 1900's classic colonial features 4, one-bedroom, one-bath units with open-concept kitchen and living areas. Recently, new flooring has been installed throughout and the interior painted. A spacious foyer provides interior access, two units being on the first level and two units being located on the second level. The level lot offers a paved area with ample parking for tenants. The building is currently 100% vacant, whether you are looking for owner occupied, short term or long term tenancy, or commercial conversion, the opportunities are endless. A great location, walking distance to Wells Harbor, restaurants and seacoast amenities!
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Exterior Entry, Bulkhead, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Flooring: Vinyl, Tile
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living

Exterior Features

  • Lot Features: Level, Open Lot, Near Public Beach, Near Shopping, Near Town, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11761.2
  • Parcel #: WLLS-000135-000008-000000-000001
  • Zoning: GB

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3560.0
  • Tax Lot: 008 1
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2024
Closed on
Apr 2, 2024
Sold by
1650 Post Road Llc
Bought by
Seller's Agent
Rick Cosseboom
Anchor Real Estate
Buyer's Agent
Joseph Italiaander
The Boulos Company
List Price
$699,000
Sold Price
$650,000
Premium/Discount to List
-$49,000
-7.01%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$475,343
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 22, 2021
Closed on
Apr 16, 2021
Sold by
Brady Susan M and Simensen Mary A
Bought by
1650 Post Road Llc
Seller's Agent
Jason Vennard
Anchor Real Estate
Buyer's Agent
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
List Price
$439,900
Sold Price
$450,000
Premium/Discount to List
$10,100
2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.23%
Original Mortgage
$360,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Wells, ME

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$650,000 None Available
1650 Post Road Llc -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $487,500
Closed -- $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2024 04/03/24 Pending -- -- --
04/02/2024 04/02/24 Sold $650,000 -7.0% $305 / Sq Ft
01/12/2024 01/12/24 For Sale $699,000 +55.3% $328 / Sq Ft
04/16/2021 04/16/21 Sold $450,000 +2.3% $211 / Sq Ft View Prior Sale
03/01/2021 03/01/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $439,900 -- $207 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,858 $597,250 $273,240 $324,010
2024 $3,631 $597,250 $273,240 $324,010
2023 $3,560 $597,250 $273,240 $324,010
2022 $3,573 $341,630 $165,300 $176,330
2021 $3,577 $340,020 $165,300 $174,720
2020 $3,563 $340,020 $165,300 $174,720
2019 $3,543 $340,020 $165,300 $174,720
2018 $3,446 $340,020 $165,300 $174,720
2017 $3,455 $340,020 $165,300 $174,720
2016 $3,421 $340,020 $165,300 $174,720
2015 $3,383 $340,020 $165,300 $174,720
2013 $3,101 $340,020 $165,300 $174,720
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1580021

Maine Listings
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