NOT LISTED FOR SALE

275 Webhannet Dr Unit 4 Wells, ME 04090

Wells Neighborhood

Estimated Value: $413,000 - $451,000

2 Beds
1 Bath
480 Sq Ft
$175/mo HOA Fee

Last Sold August 29, 2024

Last sale price $432,000 $900 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,758/month

47 Days on Market

Highlights

  • Ocean Front
  • Nearby Water Access
  • Main Floor Bedroom
  • Wells Junior High School Rated A-
  • Public Beach
  • Furnished

About This Home

As of August 2024

Are you seeking a serene weekend escape by the Maine shore? Your quest ends here. This delightful 2-bedroom, 1-bath seasonal cottage condo has undergone a complete rejuvenation. The current owners meticulously reconstructed the space from the ground up, outfitting it with all-new electrical systems, plumbing, sheetrock, flooring, and fixtures. The efficient kitchen boasts new cabinets, sink, and fixtures, complemented by a stainless-steel range and refrigerator. The full bathroom was revamped with beadboard walls, a custom tiled shower, and a pedestal sink. Located directly across from Crescent Beach in Wells, you are mere steps from the sandy shoreline and the sea. Revel in stunning ocean vistas from your private patio and, as a member of the Webhannet by the Sea condo association, take pleasure in the communal green area for outdoor gatherings. This unit includes 2 designated parking spots and dedicated onsite storage. With modest condo fees, pet-friendly accommodations for owners, and strong potential for rental income, this property represents a remarkable investment opportunity available from April through October. Nestled near Wells, Ogunquit, and Kennebunk, you can delight in all the offerings of the enchanting seacoast.

Last Listed By

Anne Erwin Real Estate

Anne Erwin Sotheby's International Realty Brokerage Phone: 207-363-6640 Listed on: 06/18/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,436

Year Built

  • Built in 1972

Lot Details

  • Ocean Front
  • Public Beach
  • Seasonal Access to Property
  • Landscaped

HOA Fees

  • $175 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cottage
  • Block Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 480 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Vinyl Flooring

Kitchen

  • Electric Range
  • Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking
  • Reserved Parking

Outdoor Features

  • Nearby Water Access
  • Patio

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 006
  • Assessor Parcel Number WLLS-000119-000006-000000-000004

Community Details

Overview

  • 2 Units

Amenities

  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,436

Year Built

Built in 1972

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.05
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: Rte. 1 in Wells north from Ogunquit, turn right onto Eldridge. At end of Eldridge take a left onto Webhannet and you will see Webhannet By The Sea Condos on the left.
  • Above Grade Finished Sq Ft: 480.0
  • Architectural Style: Duplex, Cottage
  • Garage Yn: No
  • Year Built: 1972
  • Attribution Contact: 207-363-6640
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.05
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 480.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 526.24
  • Location Information:Fee Frequency Paid: Quarterly
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 2
  • Kitchen Countertop:Granite: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Crawl Space: Yes
  • Roof:Pitched: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • View:Scenic: Yes
  • Kitchen Countertop:Solid Surface: Yes
  • Amenities:Furniture Included: Yes
  • Basement Entry:Exterior Only: Yes
  • Condominium:Total Units4: 10
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Parking Reserved Parking Spaces: 2
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range
  • Has Basement: Crawl Space, Exterior Only
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Furniture Included, Storage
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block
  • Patio And Porch Features: Patio
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Common, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 526.24
  • Association Fee Frequency: Quarterly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2178.0
  • Parcel #: WLLS-000119-000006-000000-000004
  • Zoning: RB

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 2436.0
  • Tax Book Number: 19247
  • Tax Lot: 006
  • Tax Map Number: 119
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2024
Closed on
Aug 28, 2024
Sold by
Loveland Justin M
Bought by
Karen Cagnina Lt and Cagnina
Seller's Agent
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
Buyer's Agent
Matthew Sukeforth
Portside Real Estate Group
List Price
$449,500
Sold Price
$432,000
Premium/Discount to List
-$17,500
-3.89%
Total Days on Market
47
Views
244
Current Estimated Value
$429,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,616
Avg. Annual Appreciation
-0.89%

Purchase Details

Listed on
Apr 23, 2023
Closed on
May 26, 2023
Sold by
Robyn M Scalley Ret and Scalley
Bought by
Loveland Justin M
Seller's Agent
Steve Weigel
Coldwell Banker Y-Gull & Associates
Buyer's Agent
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
List Price
$286,500
Sold Price
$327,001
Premium/Discount to List
$40,501
14.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.73%
Original Mortgage
$259,200
Interest Rate
7.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2020
Sold by
Scalley James E and Scalley Robyn M
Bought by
Robyn M Scalley 2020 Ret and Scalley

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
Karen Cagnina Lt $432,000 None Available
Karen Cagnina Lt $432,000 None Available
Karen Cagnina Lt $432,000 None Available
Loveland Justin M $327,001 None Available
Loveland Justin M $327,001 None Available
Loveland Justin M $327,001 None Available
Robyn M Scalley 2020 Ret -- None Available
Robyn M Scalley 2020 Ret -- None Available
Robyn M Scalley 2020 Ret -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loveland Justin M $259,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2024 08/29/24 Sold $432,000 -3.9% $900 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $449,500 +37.5% $936 / Sq Ft
05/26/2023 05/26/23 Sold $327,001 +14.1% $681 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/23/2023 04/23/23 For Sale $286,500 -- $597 / 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 $2,436 $408,800 $336,950 $71,850
2022 $2,035 $194,510 $157,920 $36,590
2021 $2,046 $194,510 $157,920 $36,590
2020 $2,038 $194,510 $157,920 $36,590
2019 $2,027 $194,510 $157,920 $36,590
2018 $1,971 $194,510 $157,920 $36,590
2017 $1,976 $194,510 $157,920 $36,590
2016 $1,957 $194,510 $157,920 $36,590
2015 $1,935 $194,510 $157,920 $36,590
2013 $1,774 $194,510 $157,920 $36,590
Source: Public Records

Agents Affiliated with this Home

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Source: Maine Listings

MLS Number: 1593857

Maine Listings

APN: WLLS-000119-000006-000000-000004