$810,000
SOLD AUG 6, 2021

475 Drakes Island Rd Wells, ME 04090

4 Beds
1 Bath
1,107 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$732 Per Sq Ft

16% Above List Price

3 Days on Market

Highlights

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

About This Home

As of August 2021

Charming ,rustic summer cottage steps to Drakes Island public beach with a great rental history. If you want quintessential Maine, this is the home for you. The home is sited on a small lot, surrounded by native blueberry bushes, gardens and a white Fence with a grassy parking area. There are 4 small bedrooms, open concept kitchen-living-dining and cozy screen porch to relax and watch the local comings and goings ....A laundry, changing room and outside shower in the back , allow for quick rinse off from the beach . Open House Sat July 17 from 1-3. Great investment opportunity !

Last Agent to Sell the Property

Vicki Benenti

Pack Maynard and Associates Listed on: 07/15/2021

Last Buyer's Agent

Jennifer Kerr

Pack Maynard and Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,408

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Public Beach
  • Seasonal Access to Property
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned RD

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,107 Sq Ft Home
  • Furnished
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Screened Porch
  • Wood Flooring
  • Dryer

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

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

Outdoor Features

  • Nearby Water Access
  • Shed
  • Outbuilding

Utilities

  • No Cooling
  • Heating Available
  • Natural Gas Not Available
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 475drakesislandroadwellmaine04090

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,408

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Route 1 to Drakes Island Road- #475 is 5th house on the right before you get to the beach
  • Above Grade Finished Sq Ft: 1107.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1107.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Amenities:Shower: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • Dining Room Amenities:Dining Area: Yes
  • Room Features:Dining Area2: Yes
  • Water Heater:Tank: Yes
  • Amenities:Furniture Included: Yes
  • Heat System:No Heat System: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range, Dryer
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Bathtub, Shower
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Near Public Beach, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Screened
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Other

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: No Heat System
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 475drakesislandroadwellmaine04090
  • Zoning: RD

Tax Info

  • Tax Annual Amount: 5408.0
  • Tax Book Number: 15263
  • Tax Lot: 5
  • Tax Map Number: 142
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2007
Sold by
Cleveland Geraldine M Est and Cleveland
Bought by
Hoglund J David J and Hoglund Loretta E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$64,147
Interest Rate
6.65%
Mortgage Type
Unknown
Estimated Equity
$1,050,350
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Unknown
Open $200,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2025 08/23/25 For Sale $1,325,000 +63.6% $1,197 / Sq Ft
08/06/2021 08/06/21 Sold $810,000 +15.9% $732 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $698,888 -- $631 / 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 $7,455 $1,250,910 $1,009,580 $241,330
2022 $5,398 $516,050 $416,480 $99,570
2021 $5,429 $516,050 $416,480 $99,570
2020 $5,408 $516,050 $416,480 $99,570
2019 $5,377 $516,050 $416,480 $99,570
2018 $5,230 $516,050 $416,480 $99,570
2017 $5,243 $516,050 $416,480 $99,570
2016 $5,191 $516,050 $416,480 $99,570
2015 $5,135 $516,050 $416,480 $99,570
2013 $4,706 $516,050 $416,480 $99,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1500847

Maine Listings

APN: WLLS-000142-000000-000005