NOT LISTED FOR SALE

Estimated Value: $924,000 - $1,309,000

8 Beds
6 Baths
5,140 Sq Ft
$208/Sq Ft Est. Value

Last Sold April 22, 2021

Last sale price $719,900 $140 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,430/month

79 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Property is near public transit
  • Wells Junior High School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of April 2021

INVESTORS TAKE NOTICE! Welcome to 1847 Post Road, an authentic farmhouse built in the 1880's currently used as a 2 Family home with an additional in law apartment. The property has a total of 8 Bedrooms and 6 Bathrooms so could also be a wonderful Bed & Breakfast. The home has fabulous views looking down on Wells Harbor, Drakes Island, and the Rachel Carson Wildlife Refuge-Marsh and has a HUGE back lawn on the Ocean side. The front home consists of a large kitchen, living room, laundry room, 2 Bathrooms and 3 Bedrooms. The back barn offers a kitchen, living room, and sunroom on the first floor along with 2 Bathrooms and 2 Bedrooms. The second floor offers another kitchen, living room, 2 bathrooms, and 3 Bedrooms along with an additional 2nd floor sunroom with views you have to see to appreciate. There are separate utilities, separate oil furnaces, and separate wood stoves in the units. There is also a BRAND NEW FURNACE in the front unit of the home. The barn part of the home has central air conditioning! Located in the General Business Zone on Route 1--this home offers lots of opportunities, come take a peek, you won't be disappointed!

Last Listed By

Pamela Maxon

Moody Maxon Real Estate Listed on: 09/26/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,087

Year Built

  • Built in 1880

Lot Details

  • 0.85 Acre Lot
  • Ocean Front
  • Public Beach
  • Level Lot
  • Open Lot

Parking

  • 1 Car Garage
  • Subterranean Parking
  • Driveway

Home Design

  • New Englander Architecture
  • Farmhouse Style Home
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5,140 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Water Views
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 6 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number WLLS-000139-000000-000026

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $10,200
  • Gross Income $36,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,087

Year Built

Built in 1880

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.85
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: From the center of Wells at the intersection of Route 109 and Route 1-Take Route 1 North for approx 1 Mile to 1847 Post Road on the RIGHT.
  • Above Grade Finished Sq Ft: 5140.0
  • Architectural Style: Farmhouse, New Englander
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.85
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 5140.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Cooling:Central Air: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 36940.0
  • Income Expenses Operating Expenses: 10200.0
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Parking:Paved3: Yes
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Vehicle Storage:Under: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Interior Entry, Unfinished
  • Full Bathrooms: 6
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, Pantry, Shower
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Public Beach, Near Shopping, Near Town, Near Railroad
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • 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
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Paved, Underground

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 37026.0
  • Parcel #: WLLS-000139-000000-000026
  • Zoning: GB

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 36940.0
  • Annual Operating Expense: 10200.0

Tax Info

  • Tax Annual Amount: 6087.0
  • Tax Book Number: 15326
  • Tax Lot: 26
  • Tax Map Number: 139
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2020
Closed on
Mar 31, 2021
Sold by
Kreie Betty L
Bought by
Donaldson Doanldson D and Donaldson Diane D
Seller's Agent
Pamela Maxon
Moody Maxon Real Estate
Buyer's Agent
Pamela Maxon
Moody Maxon Real Estate
List Price
$799,900
Sold Price
$719,900
Premium/Discount to List
-$80,000
-10%
Total Days on Market
79
Current Estimated Value
$1,068,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,433
Avg. Annual Appreciation
7.18%
Original Mortgage
$351,000
Outstanding Balance
$322,156
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$633,177

Purchase Details

Closed on
Dec 28, 2007
Sold by
Charles A Miller Rt and Kreie
Bought by
Kreie Betty Lou and Kreie Betty L

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
Donaldson Doanldson D -- None Available
Kreie Betty Lou -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donaldson Doanldson D $351,000
Previous Owner Kreie Betty L $250,000
Previous Owner Kreie Robert O $55,000
Previous Owner Kreie Betty Lou $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2021 04/22/21 Sold $719,900 -10.0% $140 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
09/26/2020 09/26/20 For Sale $799,900 -- $156 / 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 $5,742 $963,340 $285,700 $677,640
2022 $6,857 $655,590 $181,160 $474,430
2021 $6,897 $655,590 $181,160 $474,430
2020 $6,123 $584,210 $181,160 $403,050
2019 $6,087 $584,210 $181,160 $403,050
2018 $6,029 $584,210 $181,160 $403,050
2017 $5,936 $584,210 $181,160 $403,050
2016 $5,877 $584,210 $181,160 $403,050
2015 $5,813 $584,210 $181,160 $403,050
2013 $5,328 $584,210 $181,160 $403,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1470462

Maine Listings

APN: WLLS-000139-000000-000026