Estimated payment $4,986/month
Highlights
- Water Views
- 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
Welcome to a rare opportunity to own a historic residential and commercial investment property in a prime Route 1 location. This stately 1820 Colonial, once part of the original Rankinville Salt Marsh Farm, offers exceptional versatility and timeless charm. With excellent sight lines, high traffic visibility, and pedestrian sidewalk access, the location is ideal for maximizing business exposure while maintaining residential convenience.
Inside, the property showcases classic architectural details including tin ceilings, maple floors, and abundant natural light, all framed by views of the marsh. A working fireplace adds warmth and character, while modern heat pumps ensure efficient heating and cooling throughout the year. A private patio and separate paved parking enhance accessibility for both commercial and residential occupants. Upstairs, cathedral ceilings with original wooden beams and knee braces create a spacious, airy ambiance.
At the rear of the building, a beautifully updated studio apartment offers privacy and comfort with its own deck and private entry. This unit includes a recently remodeled kitchen/dining area, one bedroom, two full bathrooms, and a loft that adds charm and flexible living space.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,886
Year Built
- Built in 1820
Lot Details
- 0.92 Acre Lot
- Public Beach
- Level Lot
- Open Lot
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Colonial Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 3,602 Sq Ft Home
- 2-Story Property
- Water Views
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Walk-In Closet
Unfinished Basement
- Partial Basement
- Interior Basement Entry
Outdoor Features
- Nearby Water Access
- Deck
- Patio
Location
- Property is near public transit
- The property is located in a historic district
Utilities
- Cooling Available
- Forced Air Zoned 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
- Internet Available
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Tax Lot 019
- Assessor Parcel Number WLLS-000139-000000-000019
Map
Home Values in the Area
Average Home Value in this Area
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 | $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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | For Sale | $875,000 | +15.9% | $243 / 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $566,000 | Commercial | |
| Closed | $566,000 | Commercial | |
| Previous Owner | $163,934 | Unknown | |
| Previous Owner | $55,000 | Unknown | |
| Previous Owner | $137,726 | Stand Alone Second | |
| Previous Owner | $55,000 | Unknown | |
| Previous Owner | $45,000 | Unknown |
Source: Maine Listings
MLS Number: 1632637
APN: WLLS-000139-000000-000019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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