Seller's Agent in 2024
David Trottier
Realty Sales Inc
(207) 229-0559
2 in this area
136 Total Sales
Estimated Value: $779,000 - $824,000
3
Beds
4.5
Baths
4,508
Sq Ft
$176/Sq Ft
Est. Value
Highlights
- Ocean Front
- Nearby Water Access
- The property is located in a historic district
- Wells Junior High School Rated A-
- Public Beach
- 0.92 Acre Lot
About This Home
As of June 2024MIXED USE PROPERTY WITH HIGH VISIBILITY ON BUSY ROUTE ONE. This property is currently being used as a commercial space in the front, along with two apartment units in the back of the building. Zoning allows for many different uses(see attached). The front commercial space has 2.5 bathrooms & a kitchen, which could also be used as residential space. Additionally, the property has a few outside patio areas, a two car garage, abundant paved parking in the front & the back of the property, and a very large 100'x 200' lawn area in the rear of the property for additional parking, another building etc. There is also an older efficiency apartment that could be used for added income as office or potentially apartment space? There are a lot of different possibility uses with this property that would meet your needs. It's best to preview it to understand it better. Unit 1 is vacant & rent is projected. Other two rents are below market rates. Must see! 48 HOUR NOTICE REQUIRED FOR SHOWINGS due to tenants in apartments.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,772
Year Built
- Built in 1820
Lot Details
- 0.92 Acre Lot
- Ocean Front
- Public Beach
- Landscaped
- Level Lot
- Open Lot
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Colonial Architecture
- Post and Beam
- New Englander Architecture
- Brick Foundation
- Block Foundation
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 4,508 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Water Views
- Washer and Dryer Hookup
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- Bathtub
- Shower Only
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Dirt Floor
Outdoor Features
- Nearby Water Access
- Deep Water Access
- Deck
- Patio
- Outbuilding
Location
- Property is near golf course and public transit
- The property is located in a historic district
- City Lot
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Kerosene
- Heating System Uses Oil
- Heat Pump System
- Heating System Mounted To A Wall or Window
- Natural Gas Not Available
- Electric Water Heater
Listing and Financial Details
- Tax Lot 19
- Assessor Parcel Number 1830postroadwells04090
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $20,199
- Gross Income $81,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 29, 2023
Closed on
Jun 28, 2024
Sold by
Eastman Anne E
Bought by
Crt Clxxv Llc
Seller's Agent
David Trottier
Realty Sales Inc
Buyer's Agent
Karen Thompson
Portside Real Estate Group
List Price
$985,000
Sold Price
$755,000
Premium/Discount to List
-$230,000
-23.35%
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,270
Avg. Annual Appreciation
3.12%
Original Mortgage
$566,000
Outstanding Balance
$556,742
Interest Rate
7.02%
Mortgage Type
Commercial
Estimated Equity
$237,528
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Crt Clxxv Llc | -- | None Available | |
| Crt Clxxv Llc | -- | None Available | |
| Crt Clxxv Llc | -- | None Available | |
| Crt Clxxv Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Crt Clxxv Llc | $566,000 | |
| Closed | Crt Clxxv Llc | $566,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $755,000 | -10.0% | $167 / Sq Ft |
| 04/27/2024 04/27/24 | Pending | -- | -- | -- |
| 02/25/2024 02/25/24 | Price Changed | $839,000 | -6.7% | $186 / Sq Ft |
| 02/04/2024 02/04/24 | Price Changed | $899,000 | -5.3% | $199 / Sq Ft |
| 01/09/2024 01/09/24 | Price Changed | $949,000 | -3.7% | $211 / Sq Ft |
| 10/29/2023 10/29/23 | For Sale | $985,000 | -- | $219 / Sq Ft |
Source: Maine Listings
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 |
|---|---|---|---|---|
| 2025 | $4,253 | $658,430 | $243,010 | $415,420 |
| 2024 | $4,003 | $658,430 | $243,010 | $415,420 |
| 2023 | $3,886 | $652,050 | $243,010 | $409,040 |
| 2022 | $3,751 | $358,640 | $154,790 | $203,850 |
| 2021 | $3,773 | $358,640 | $154,790 | $203,850 |
| 2020 | $3,619 | $345,320 | $154,790 | $190,530 |
| 2019 | $3,598 | $345,320 | $154,790 | $190,530 |
| 2018 | $3,498 | $338,980 | $154,790 | $184,190 |
| 2017 | $3,444 | $338,980 | $154,790 | $184,190 |
| 2016 | $3,410 | $338,980 | $154,790 | $184,190 |
| 2015 | $3,373 | $338,980 | $154,790 | $184,190 |
| 2013 | $3,091 | $338,980 | $154,790 | $184,190 |
Source: Public Records
Agents Affiliated with this Home
-
David Trottier
-
Karen Thompson
K
Buyer's Agent in 2024
Karen Thompson
Portside Real Estate Group
(207) 329-6729
1 in this area
93 Total Sales
Map
Source: Maine Listings
MLS Number: 1576134
APN: WLLS-000139-000000-000019
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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