NOT LISTED FOR SALE

29 Drakes Island Rd Wells, ME 04090

Estimated Value: $869,000 - $1,116,000

4 Beds
2 Baths
2,440 Sq Ft
$420/Sq Ft Est. Value

Last Sold September 13, 2021

Last sale price $675,000 $277 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,055/month

3 Days on Market

Highlights

  • Ocean Front
  • Nearby Water Access
  • In Ground Pool
  • Wells Junior High School Rated A-
  • Public Beach
  • Property is near public transit

About This Home

As of September 2021

Rare Opportunity - Comfortable single family residence located within one mile of Drakes Island Beach, or this property can be used as a two family as well. As a single family, home has four bedrooms and two baths or as a duplex each floor has two bedrooms and a single bath. Home is perfect for entertaining with spectacular kitchen, living room and dining area on first floor and a newly renovated kitchen on second floor. Inviting 16 x 40 Octagon in-ground pool, with pool storage. Two separate fenced in areas. Large deck on the second floor with seasonal ocean views in the distance. Fire visible pellet stove and an oil fired FHW heating system to keep you warm during those Winter months. Partial full basement. Very good condition. Seller is a licensed Maine Real Estate Broker

Last Agent to Sell the Property

Luke Guerrette

Garnsey Bros. Real Estate Listed on: 08/10/2021

Last Buyer's Agent

Stephanie Tremblay

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,667

Year Built

  • Built in 1922

Lot Details

  • 10,454 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Fenced
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned RC

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Block Foundation
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,440 Sq Ft Home
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Home Office
  • Storm Doors
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Parking

  • Tandem Parking
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Nearby Water Access
  • Patio
  • Shed
  • Outbuilding

Location

  • Property is near public transit

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Zoned Heating
  • Heating System Uses Oil
  • Pellet Stove burns compressed wood to generate heat
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Programmable Thermostat
  • Oil Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 042
  • Assessor Parcel Number WLLS-000144-000000-000042

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,667

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: Route 1 to Drakes Island Road, third house on right.
  • Above Grade Finished Sq Ft: 2440.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Efficiency: Storm Doors, Programmable Thermostat, Double Pane Windows
  • Year Built: 1922
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.24
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2440.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Seasonal
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Fence: Yes
  • Amenities:Pool-In Ground: Yes
  • Amenities:Storage: Yes
  • Foundation Materials:Slab: Yes
  • Kitchen Countertop:Granite: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Room Features:Island2: Yes
  • Room Features:Walk-in Closet17: Yes
  • Basement:Partial: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Office:Office: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Equipment:Internet Access Available: Yes
  • Appliances Included:Gas Range: Yes
  • Water Heater:Oil2: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • Room Features:Heat Stove29: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Heat System:Direct Vent Heater: Yes
  • Room Features:Built-Ins30: Yes
  • Living Room Amenities:Heat Stove5: Yes
  • Heat Fuel:Pellets: Yes
  • Location:Near Railroad: Yes
  • Room Features:Vaulted Ceiling29: Yes
  • Style:New Englander: Yes
  • Cooling:AC Units: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Energy Efficiency:Programmable Thermostat: Yes
  • Bedroom Amenities 3:Cathedral Ceiling9: Yes
  • Bedroom Amenities 3:Walk-in Closet3: Yes
  • Living Room Amenities:Built-Ins14: Yes
  • Room Features:LaundryLaundry Hook-up17: Yes
  • Living Room Amenities:Vaulted Ceiling14: Yes
  • Parking:Tandem2: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Bedroom Amenities 3 LaundryLaundry Hook-up3: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Microwave, Gas Range, Electric Range, Dishwasher
  • Has Basement: Bulkhead, Partial, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, Shower, Storage
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Open Lot, Landscaped, Near Public Beach, Near Turnpike/Interstate, Near Town, Near Railroad
  • Pool Features: In Ground
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Wood Siding, Clapboard, Wood Frame
  • Foundation Details: Block, Stone, Concrete Perimeter, Slab
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street, Tandem

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10454.4
  • Parcel #: WLLS-000144-000000-000042
  • Zoning: RC

Tax Info

  • Tax Annual Amount: 3667.0
  • Tax Book Number: 3480
  • Tax Lot: 042
  • Tax Map Number: 144
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2022
Sold by
Lahti Eric L and Lahti Melanie M
Bought by
Eric L Lahti Irt and Lahti
Current Estimated Value
$1,025,659

Purchase Details

Listed on
Aug 10, 2021
Closed on
Sep 13, 2021
Sold by
Guerrette Luke
Bought by
Lahti Eric L and Lahti Melanie M
Seller's Agent
Luke Guerrette
Garnsey Bros. Real Estate
Buyer's Agent
Stephanie Tremblay
Coldwell Banker Realty
List Price
$695,000
Sold Price
$675,000
Premium/Discount to List
-$20,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%
Source: Public Records

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
Eric L Lahti Irt -- None Available
Lahti Eric L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guerrette Luke $280,000
Previous Owner Guerrette Michele $38,000
Previous Owner Guerrette Michele A $25,000
Previous Owner Guerrette Luke A $270,000
Previous Owner Guerrette Michele A $94,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2021 09/13/21 Sold $675,000 -2.9% $277 / Sq Ft
08/14/2021 08/14/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $695,000 -- $285 / 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 $5,593 $938,390 $432,460 $505,930
2022 $5,056 $483,390 $174,670 $308,720
2021 $4,427 $420,780 $174,670 $246,110
2020 $3,667 $349,950 $174,670 $175,280
2019 $3,646 $349,950 $174,670 $175,280
2018 $3,394 $349,950 $174,670 $175,280
2017 $3,555 $349,950 $174,670 $175,280
2016 $3,520 $349,950 $174,670 $175,280
2015 $3,482 $349,950 $174,670 $175,280
2013 $3,192 $349,950 $174,670 $175,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1504599

Maine Listings

APN: WLLS-000144-000000-000042