NOT LISTED FOR SALE

371 Mile Rd Unit 3 Wells, ME 04090

Estimated Value: $264,289

1 Bed
1 Bath
458 Sq Ft
$256/mo HOA Fee

Last Sold November 22, 2024

Last sale price $255,000 $557 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,761/month

6 Days on Market

Highlights

  • Nearby Water Access
  • Public Beach
  • Main Floor Bedroom
  • Wells Junior High School Rated A-
  • Scenic Views
  • 4-minute walk to Wells National Estuarine Research Reserve

About This Home

As of November 2024

Welcome to 371 Mile Road, Unit 3, in the coveted Eastwinds Condominiums, located less than a 500-foot walk from the Atlantic Ocean and the sandy Wells Beach. This oceanside retreat is ideal for your coastal getaway, offering easy access to the beach, local restaurants, coffee shops, and unique retail experiences, all within walking distance.

This fantastic unit features an open-concept living room and kitchen, a spacious bedroom which includes a Queen-size bed and a large closet, while the bathroom offers a full tub and shower combination. Natural light floods the space through large sliding glass doors, creating a bright and inviting atmosphere.

Step outside to a private balcony, where you can enjoy your morning coffee with the sound of waves crashing nearby. Parking for one car is included, so you'll never have to worry about finding a spot. With everything you need right at your doorstep, and Route 1 amenities just a short drive away, this unit provides the ultimate blend of convenience and relaxation.

As part of the association, you'll have the option to use their property management services or manage your own rentals, providing flexibility to generate income when you're not enjoying the property yourself. This is a rare opportunity to own a slice of southern Maine's beachside paradise. Don't miss out!

Search for the address on YouTube for a TRUE video tour.

Note: Occupancy of this unit is restricted to periods of no more than 28 consecutive days. The unit is available year-round.

Last Agent to Sell the Property

Derek Goff Joseph Tomazin

Signature Homes Real Estate Group, LLC Listed on: 10/03/2024

Last Buyer's Agent

Dawson Sibley

RE/MAX Realty One

RE/MAX Realty One

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,388

Year Built

  • Built in 1986

Lot Details

  • Public Beach

HOA Fees

  • $256 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Carport
  • Common or Shared Parking
  • Shared Driveway
  • Reserved Parking

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 458 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Scenic Vista Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom
  • Bathtub
  • Shower Only

Outdoor Features

  • Nearby Water Access
  • Porch

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • 30 Units

Listing and Financial Details

  • Property held in a trust
  • Tax Lot 094
  • Assessor Parcel Number WLLS-000122-000094-000000-000003

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,388

Year Built

Built in 1986

Lot Details

0

HOA Fees

$256 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Mile Road, on the right, one block from Wells Beach parking. Eastwinds Condominiums sign. Take stairs on the road side closest to the ocean. Door is marked 103.
  • Above Grade Finished Sq Ft: 458.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Efficiency: Double Pane Windows
  • Year Built: 1986
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 502.18
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 458.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 3077.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 30
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Appliances Included:Cooktop: Yes
  • Recreational Water:Nearby: Yes
  • Equipment:Internet Access Available: Yes
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Water Heater:Tank: Yes
  • Amenities:Furniture Included: Yes
  • Vehicle Storage:Carport: Yes
  • Cooling:AC Units: Yes
  • Condominium:Rental Terms: 28 consecutive day maximum occupancy
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Parking Reserved Parking Spaces: 1
  • Special Listing Conditions Trust: Yes
  • Advertising Remarks:Advertising Remarks: Welcome to 371 Mile Road, Unit 3, in the coveted Eastwinds Condominiums, located less than a 500-foot walk from the Atlantic Ocean and the sandy Wells Beach. This oceanside retreat is ideal for your coastal getaway, offering easy access to the beach, local restaurants, coffee shops, and unique retail experiences, all within walking distance. This fantastic unit features an open-concept living room and kitchen, a spacious bedroom which includes a Queen-size bed and a large closet, while the bathroom offers a full tub and shower combination. Natural light floods the space through large sliding glass doors, creating a bright and inviting atmosphere. Step outside to a private balcony, where you can enjoy your morning coffee with the sound of waves crashing nearby. Parking for one car is included, so you'll never have to worry about finding a spot. With everything you need right at your doorstep, and Route 1 amenities just a short drive away, this unit provides the ultimate blend of convenience and relaxation. As part of the association, you'll have the option to use their property management services or manage your own rentals, providing flexibility to generate income when you're not enjoying the property yourself. This is a rare opportunity to own a slice of southern Maine's beachside paradise. Don't miss out! Search for the address on YouTube for a TRUE video tour. Note: Occupancy of this unit is restricted to periods of no more than 28 consecutive days. The unit is available year-round.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range, Dishwasher, Cooktop
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Bathtub, Shower
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Sidewalks, Near Public Beach, Near Shopping, Near Town
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Common, Carport

Utilities

  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 3077.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: Wells-Ogunquit CSD

Lot Info

  • Land Lease: No
  • Parcel #: WLLS-000122-000094-000000-000003
  • Zoning: BBD

Multi Family

  • Number Of Units In Community: 30

Tax Info

  • Tax Annual Amount: 1388.0
  • Tax Lot: 094
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Nov 22, 2024
Sold by
Jp Legacy T and Charron
Bought by
Dineen Brian P and Dineen Jessica P
Seller's Agent
Derek Goff Joseph Tomazin
Signature Homes Real Estate Group, LLC
Buyer's Agent
Dawson Sibley
RE/MAX Realty One
List Price
$230,000
Sold Price
$255,000
Premium/Discount to List
$25,000
10.87%
Views
23
Current Estimated Value
$264,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,289
Avg. Annual Appreciation
3.61%
Original Mortgage
$204,000
Outstanding Balance
$201,641
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$62,648

Purchase Details

Closed on
Oct 31, 2016
Sold by
Purpura Jane
Bought by
Jp Legacy T and Charron
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
Dineen Brian P $255,000 None Available
Dineen Brian P $255,000 None Available
Dineen Brian P $255,000 None Available
Dineen Brian P $255,000 None Available
Jp Legacy T -- --
Jp Legacy T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dineen Brian P $204,000
Closed Dineen Brian P $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $255,000 +10.9% $557 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
10/03/2024 10/03/24 For Sale $230,000 -- $502 / 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 $1,416 $232,890 $141,290 $91,600
2023 $1,388 $232,890 $141,290 $91,600
2022 $1,413 $135,090 $77,080 $58,010
2021 $1,392 $132,330 $77,080 $55,250
2020 $1,387 $132,330 $77,080 $55,250
2019 $1,379 $132,330 $77,080 $55,250
2018 $1,366 $132,330 $77,080 $55,250
2017 $1,344 $132,330 $77,080 $55,250
2016 $1,331 $132,330 $77,080 $55,250
2015 $1,317 $132,330 $77,080 $55,250
2013 $1,207 $132,330 $77,080 $55,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1605745

Maine Listings

APN: WLLS-000122-000094-000000-000003