NOT LISTED FOR SALE

23 Sanford Rd Wells, ME 04090

Estimated Value: $486,000 - $839,000

4 Beds
2 Baths
1,640 Sq Ft
$376/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $312,000 $190 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,465/month

1 Day on Market

Highlights

  • Public Beach
  • Deck
  • Main Floor Bedroom
  • Wells Junior High School Rated A-
  • Wood Flooring
  • 1 Fireplace

About This Home

As of July 2018

More pictures to come! Super well located, affordable, duplex. Huge proven income potential, rent one side and live with low expenses on the other. Or make great income renting both sides. Does well as a year round rental or a winter rent and weekly Summer rental. Recently updated and a simple, functional, layout in both units. The lot is zoned for both Commercial and Residential uses and features a 960sqft two story garage. Two miles from both Wells Beach and Drakes Island Beach. Walking distance to Wells Harbor, area shops, restaurants, bars, and schools. Town water and sewer for low maintenance. Own a duplex near the beach in one of the best rental markets in Maine!!

Last Agent to Sell the Property

Alexander Martin

Berkshire Hathaway HomeServices Verani Realty Listed on: 04/20/2018

Last Buyer's Agent

Diane Wyman

Century 21 North East

Century 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,898

Year Built

  • Built in 1934

Lot Details

  • 0.29 Acre Lot
  • Public Beach

Home Design

  • Duplex
  • Cottage
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 1,640 Sq Ft Home
  • 2-Story Property
  • Furnished
  • 1 Fireplace
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump

Parking

  • Detached Garage
  • Parking Storage or Cabinetry
  • Driveway

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 043
  • Assessor Parcel Number WLLS-000134-000000-000043

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,898

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Route 1 in Wells, take Route 109 (Sanford Rd.) look for #23 on the right. Diagonally across the street from Cumberland Farms.
  • Above Grade Finished Sq Ft: 1640.0
  • Architectural Style: Duplex, Cottage
  • Building Stories: 2
  • Year Built: 1934
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 190.24
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.29
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1640.0
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 2
  • Location:Near Public Beach: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Style:Duplex: Yes
  • Style:Cottage: Yes
  • Vehicle Storage:Storage Above: Yes
  • Water Heater:Tank: Yes
  • Amenities:Furniture Included: Yes
  • Basement:Sump Pump: Yes
  • Basement Entry:Exterior Only: Yes
  • Advertising Remarks:Advertising Remarks: Super well located, affordable, duplex. Huge proven income potential, rent one side and live with low expenses on the other. Or make a killing renting both sides. Does well as a year round rental or a winter rent and weekly Summer rental. Recently updated and a simple, functional, layout in both units. The lot is zoned for both Commercial and Residential uses and features a 960sqft two story garage. Two miles from both Wells Beach and Drakes Island Beach. Walking distance to Wells Harbor, area shops, restaurants, bars, and schools. Town water and sewer for low maintenance. Own a duplex near the beach in one of the best rental markets in Maine!!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Sump Pump, Exterior Only, Unfinished
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Other, Concrete Perimeter
  • 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
  • Parking Features: 5 - 10 Spaces, Paved, Detached, Storage

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12632.4
  • Parcel #: WLLS-000134-000000-000043
  • Zoning: RC

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1898.0
  • Tax Lot: 043
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2018
Closed on
Jul 31, 2018
Sold by
Martin Alexander E and Jones Timothy B
Bought by
Willow Hill Llc
Seller's Agent
Alexander Martin
Berkshire Hathaway HomeServices Verani Realty
Buyer's Agent
Diane Wyman
Century 21 North East
List Price
$314,500
Sold Price
$312,000
Premium/Discount to List
-$2,500
-0.79%
Current Estimated Value
$616,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,909
Avg. Annual Appreciation
9.71%
Original Mortgage
$249,600
Outstanding Balance
$217,673
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$399,236

Purchase Details

Listed on
Dec 15, 2015
Closed on
Aug 8, 2016
Sold by
D L Whistman Ltd
Bought by
Martin Alexander E and Jones Timothy B
Seller's Agent
David Newson
Century 21 North East
Buyer's Agent
Alexander Martin
Berkshire Hathaway HomeServices Verani Realty
List Price
$229,000
Sold Price
$215,000
Premium/Discount to List
-$14,000
-6.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.35%
Original Mortgage
$211,105
Interest Rate
3.56%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 12, 2012
Sold by
Dl Whistman Ltd
Bought by
Braddock John B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
3.91%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Willow Hill Llc -- --
Willow Hill Llc -- --
Willow Hill Llc -- --
Martin Alexander E -- --
Martin Alexander E -- --
Braddock John B -- --
Braddock John B -- --
Braddock John B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Willow Hill Llc $249,600
Closed Willow Hill Llc $249,600
Previous Owner Martin Alexander E $211,105
Previous Owner Braddock John B $152,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2018 07/31/18 Sold $312,000 -0.8% $190 / Sq Ft
04/22/2018 04/22/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $314,500 +46.3% $192 / Sq Ft
07/28/2016 07/28/16 Sold $215,000 -6.1% $131 / Sq Ft View Prior Sale
06/08/2016 06/08/16 Pending -- -- --
12/15/2015 12/15/15 For Sale $229,000 -- $140 / 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
2024 $2,762 $454,240 $83,480 $370,760
2023 $2,707 $454,240 $83,480 $370,760
2022 $2,259 $215,950 $37,900 $178,050
2021 $2,272 $215,950 $37,900 $178,050
2020 $1,958 $186,840 $37,900 $148,940
2019 $1,947 $186,840 $37,900 $148,940
2018 $1,802 $186,840 $37,900 $148,940
2017 $1,898 $186,840 $37,900 $148,940
2016 $1,908 $189,710 $40,770 $148,940
2015 $1,676 $168,420 $40,770 $127,650
2013 $1,510 $165,550 $37,900 $127,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1346162

Maine Listings

APN: WLLS-000134-000000-000043