NOT LISTED FOR SALE

437 Drakes Island Rd Wells, ME 04090

Estimated Value: $1,049,000 - $1,742,000

5 Beds
3 Baths
1,944 Sq Ft
$679/Sq Ft Est. Value

Last Sold May 13, 2021

Last sale price $905,000 $466 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,610/month

3 Days on Market

Highlights

  • Access to Tidal Water
  • Public Beach
  • Deck
  • Wells Junior High School Rated A-
  • Colonial Architecture
  • Main Floor Bedroom

About This Home

As of May 2021

Nestled in one of the most picturesque neighborhoods of coastal Maine, this Drakes Island Colonial is only steps from the sandy beach, the gentle sea breeze and the Atlantic Ocean. Meticulously cared for, the home enjoys a double lot, offering an added sense of privacy and ample yard space plus generous parking. Soak up all the Maine sunshine on the oversized back deck and let all of your worries melt away or linger on the enclosed front porch on a rainy day. The open-concept first-floor design is perfect for vacation gatherings or every day year-round living. With a primary bedroom on the first floor, your guests can use any of the four upstairs bedrooms and have plenty of privacy. Enjoy all that Drakes Island has to offer including the Drakes Island Improvement Association only 2/10 of a mile away. With a total of five bedrooms and three bathrooms, this would make a great rental property!

Last Agent to Sell the Property

Ginny Whitney

Legacy Properties Sotheby's International Realty Listed on: 03/25/2021

Co-Listed By

Jan Kovarik

Legacy Properties Sotheby's International Realty

Last Buyer's Agent

Michelle Gonya

EXIT Oceanside Realty

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $5,945

Year Built

  • Built in 2002

Lot Details

  • 9,583 Sq Ft Lot
  • Public Beach
  • Fenced
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,944 Sq Ft Home
  • Furnished
  • Living Room
  • Den
  • Attic

Kitchen

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

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Exterior Basement Entry
  • Sump Pump
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Access to Tidal Water
  • Nearby Water Access
  • Deck
  • Shed
  • Enclosed Glass Porch

Utilities

  • Central Air
  • Heating System Uses Propane
  • Power Generator
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number WLLS-000141-000000-000003

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$5,945

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2358
  • Co List Office Phone: 207-967-0934
  • MLS Status: Closed
  • Directions: Rte. 1 to east on Drakes Island Rd to 437 Drakes Island Rd. Property on right about 1.5 blocks from beach.
  • Above Grade Finished Sq Ft: 1944.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 2002
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1944.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Fence: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Kitchen Countertop:Formica: Yes
  • Construction:Modular: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Amenities:Furniture Included: Yes
  • Equipment:Generator: Yes
  • Basement:Sump Pump: Yes
  • Den:Den: Yes
  • Basement Entry:Exterior Only: Yes
  • Living Room Amenities:Informal2: Yes
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: Crawl Space, Sump Pump, Exterior Entry, Bulkhead, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Attic, Bathtub, Shower
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 5:Bedroom 5 Level: Second

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Open Lot, Near Public Beach, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Modular
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Glass Enclosed
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: 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: 9583.2
  • Parcel #: WLLS-000141-000000-000003
  • Zoning: Res D

Tax Info

  • Tax Annual Amount: 5944.99
  • Tax Book Number: 11469
  • Tax Lot: 3
  • Tax Map Number: 141
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
May 13, 2021
Sold by
Petroni Int and Petroni P
Bought by
Danforth Travers Ft and Danforth
Seller's Agent
Ginny Whitney
Legacy Properties Sotheby's International Realty
Buyer's Agent
Michelle Gonya
EXIT Oceanside Realty
List Price
$895,000
Sold Price
$905,000
Premium/Discount to List
$10,000
1.12%
Current Estimated Value
$1,320,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,022
Avg. Annual Appreciation
8.96%
Original Mortgage
$611,050
Outstanding Balance
$553,764
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$766,258
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
Danforth Travers Ft -- None Available
Danforth Travers Ft -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Danforth Travers Ft $611,050
Closed Danforth Travers Ft $611,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2021 05/13/21 Sold $905,000 +1.1% $466 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $895,000 -- $460 / 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 $7,011 $1,153,140 $798,960 $354,180
2023 $6,873 $1,153,140 $798,960 $354,180
2022 $5,953 $569,110 $366,460 $202,650
2021 $5,968 $567,270 $366,460 $200,810
2020 $5,945 $567,270 $366,460 $200,810
2019 $5,911 $567,270 $366,460 $200,810
2018 $5,749 $567,270 $366,460 $200,810
2017 $5,763 $567,270 $366,460 $200,810
2016 $5,707 $567,270 $366,460 $200,810
2015 $5,644 $567,270 $366,460 $200,810
2013 $4,364 $478,520 $277,710 $200,810
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Ginny Whitney

    Legacy Properties Sotheby's International Realty

    (207) 451-3093

    10 in this area

    42 Total Sales

    Ginny Whitney
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jan Kovarik

    Legacy Properties Sotheby's International Realty

    (207) 641-7064

    10 in this area

    44 Total Sales

    Jan Kovarik
    Section Image

  • M

    Buyer's Agent in 2021

    Michelle Gonya

    EXIT Oceanside Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1485483

Maine Listings

APN: WLLS-000141-000000-000003

Maine York County Wells 04090

437 Drakes Island Rd, Wells, ME

This home is located at 437 Drakes Island Rd, Wells, ME 04090 since 25 March 2021 and is currently estimated at $1,320,022, approximately $679 per square foot. This property was built in 2002. 437 Drakes Island Rd is a home located in York County with nearby schools including Wells Junior High School, Wells Elementary School, and Wells High School.

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