Estimated payment $4,514/month
Highlights
- Water Views
- Public Beach
- 0.92 Acre Lot
- Wells Junior High School Rated A-
- The property is located in a historic district
- Colonial Architecture
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
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
- Deck
- Patio
Location
- Property is near public transit
- The property is located in a historic district
Utilities
- Cooling Available
- Forced Air Heating System
- Heat Pump System
- Heating System Mounted To A Wall or Window
- 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 |
|---|---|---|---|---|
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/19/2025 11/19/25 | Price Changed | $795,000 | 0.0% | $221 / Sq Ft | |
| 11/19/2025 11/19/25 | For Sale | $795,000 | -3.6% | $221 / Sq Ft | |
| 10/09/2025 10/09/25 | Price Changed | $825,000 | -5.7% | $229 / Sq Ft | |
| 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 | View Prior Sale |
| 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 | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $566,000 | Commercial | |
| Closed | $566,000 | Commercial |
Source: Maine Listings
MLS Number: 1632637
APN: WLLS-000139-000000-000019
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