Seller's Agent in 2022
Samantha Drake
LUX Realty
(207) 502-2132
2 in this area
8 Total Sales
Estimated Value: $571,000 - $708,000
4
Beds
2.5
Baths
3,170
Sq Ft
$195/Sq Ft
Est. Value
Highlights
- Public Beach
- View of Trees or Woods
- Main Floor Bedroom
- Wells Junior High School Rated A-
- Property is near public transit
- No HOA
About This Home
As of July 2022Investors take note! Excellent turnkey opportunity for an employee boarding house with this 2-unit investment property, or move right in and have your mortgage covered with extra income. Located along the Route 1 corridor in Wells, this property is adjacent to a bus stop and minutes from the beach, shops and restaurants and hotels. Ample off-street parking, washer/dryer hook-ups, and separate meters for both electricity and heating fuel. Unit 1, located in the front of the property offers 3BDRM/1BA. The unit is cozy, well maintained and move-in ready. Unit 2 is newly remodeled in 2022 with a completely new kitchen and offers 1BDRM/1.5BA, 3 bonus room and an open concept floor plan. The property will be delivered vacant. Notice required to show, see Showing Time for details.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,987
Year Built
- Built in 1953
Lot Details
- 5,227 Sq Ft Lot
- Public Beach
- Level Lot
Home Design
- Duplex
- Concrete Foundation
- Block Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,170 Sq Ft Home
- 2-Story Property
- Views of Woods
- Crawl Space
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- Walk-In Closet
- Bathtub
- Shower Only
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Parking
- Gravel Driveway
- Off-Street Parking
Location
- Property is near public transit
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Tankless Water Heater
- Gas Water Heater
- Water Heated On Demand
Listing and Financial Details
- Tax Lot 008
- Assessor Parcel Number 0134008000RE
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $8,541
- Gross Income $38,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2022
Closed on
Jul 27, 2022
Sold by
Varano Richard M and Varano Sheri L
Bought by
3 Pines Hospitality Grp
Seller's Agent
Samantha Drake
LUX Realty
Buyer's Agent
Jennifer Walker
207 Prime Properties, LLC
List Price
$550,000
Sold Price
$465,000
Premium/Discount to List
-$85,000
-15.45%
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
$211,841
Avg. Annual Appreciation
6.31%
Original Mortgage
$450,000
Outstanding Balance
$434,961
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$125,092
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 |
|---|---|---|---|
| 3 Pines Hospitality Grp | $465,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 3 Pines Hospitality Grp | $225,000 | |
| Open | 3 Pines Hospitality Grp | $450,000 | |
| Previous Owner | Varano Sherri L | $125,000 | |
| Previous Owner | Varano Richard M | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/27/2022 07/27/22 | Sold | $465,000 | -15.5% | $147 / Sq Ft |
| 07/19/2022 07/19/22 | Pending | -- | -- | -- |
| 05/02/2022 05/02/22 | For Sale | $550,000 | -- | $174 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $2,700 | $453,040 | $67,910 | $385,130 |
| 2022 | $2,179 | $208,280 | $30,880 | $177,400 |
| 2021 | $2,191 | $208,280 | $30,880 | $177,400 |
| 2020 | $2,142 | $204,370 | $30,880 | $173,490 |
| 2019 | $1,987 | $190,670 | $30,880 | $159,790 |
| 2018 | $1,932 | $190,670 | $30,880 | $159,790 |
| 2017 | $1,937 | $190,670 | $30,880 | $159,790 |
| 2016 | $1,918 | $190,670 | $30,880 | $159,790 |
| 2015 | $1,897 | $190,670 | $30,880 | $159,790 |
| 2013 | $1,739 | $190,670 | $30,880 | $159,790 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2022
Daren Hebold
LUX Realty
(207) 590-0221
2 in this area
4 Total Sales
-
Buyer's Agent in 2022
Jennifer Walker
207 Prime Properties, LLC
(207) 200-8515
25 in this area
109 Total Sales
Map
Source: Maine Listings
MLS Number: 1526736
APN: WLLS-000134-000000-000008
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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