NOT LISTED FOR SALE

57 Buffum Hill Rd Wells, ME 04090

Estimated Value: $675,000 - $729,000

4 Beds
4 Baths
2,356 Sq Ft
$301/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $654,000 $278 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,047/month

5 Days on Market

Highlights

  • 600 Feet of Waterfront
  • Nearby Water Access
  • Country Club
  • Wells Junior High School Rated A-
  • Public Beach
  • 5 Acre Lot

About This Home

As of June 2023

The possibilities are endless with this unique offering in Wells. Currently configured as a legal DUPLEX, this property is sure to appeal to those looking for a primary residence, a primary with in-law or investment property alike. The main unit is a 3-bedroom, 1.5-bathroom, colonial-style home with an open-concept kitchen and dining area, spacious living room with gas fireplace, and a first-floor office that could be converted into a 4th bedroom. Other features include tray ceilings in the dining and living areas, numerous skylights, custom cabinetry in the kitchen and mini splits for supplemental heat and air-conditioning. The second unit offers single-level living and features 1 bedroom, 1 bathroom and an open-concept kitchen and living area. On the second level of this unit there is a bonus space with a half bath and dedicated entry that would make the perfect studio or office space. Both units share a forced hot-water heating system, but electricity and water are metered separately. The house is perched along the banks of the Webhannet River, which divides this 5-acre parcel in half. Along the 600' of river frontage, you'll find the remnants of the old grist mill dating back to the 1600's. The house has historic roots as well, as a portion of the home is believed to have been built in the 1800's. Additional exterior features include a screened porch area and a separate built-in fire pit where you can sit and enjoy the sounds of the river. Buffum Hill Road is centrally located to everything the Wells-Ogunquit area has to offer including award-winning beaches, shopping, restaurants, schools, and other area attractions. In fact, Wells Beach is located just a short 1.5 miles away from your driveway. The sellers are offering a separate .60 acre building lot adjacent to this property for $149,900 (MLS #1557599). Again, the possibilities are endless! There is limited availability to show until the Open House on Saturday, May 6th from 11:00 AM to 2:00 PM. Call today!

Last Agent to Sell the Property

Rick Cosseboom

Anchor Real Estate Listed on: 05/02/2023

Last Buyer's Agent

Jennifer Cartier

Keller Williams Coastal and Lakes & Mountains Realty

Keller Williams Coastal and Lakes & Mountains Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,590

Year Built

  • Built in 1990

Lot Details

  • 5 Acre Lot
  • 600 Feet of Waterfront
  • River Front
  • Public Beach
  • Landscaped
  • Open Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Property Views

  • Water
  • Scenic Vista

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,356 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Screened Porch
  • Storm Doors
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby
  • Shed

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heat Pump System
  • Hot Water Heating System
  • Generator Hookup
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 045/001
  • Assessor Parcel Number WLLS-000117-000000-000045

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $2,700
  • Gross Income $11,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,590

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 5.0
  • Road Surface Type: Paved
  • Water Body Name: Webhannet River
  • MLS Status: Closed
  • Directions: Interstate 95 to Wells Exit #19, Route 109 east to Route 1, Route 1 south to Buffum Hill Road on right (approximately 1.8 miles). Follow Buffum Road up the hill to #57 on the right. Please do not go past the open gate just beyond the driveway.
  • Above Grade Finished Sq Ft: 2356.0
  • Architectural Style: Contemporary, Colonial
  • Garage Yn: No
  • Efficiency: Storm Doors, Ceiling Fans
  • Building Stories: 2
  • Year Built: 1990
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 250.38
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 5.0
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2356.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: 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
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 11700.0
  • Income Expenses Operating Expenses: 2700.0
  • Location:Near Public Beach: Yes
  • Style:Colonial: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Water Info:Waterfront Amount -: 600.0
  • Water Info:Water Frontage Owned -: 600.0
  • Site:Wooded: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Electric:Generator Hookup: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Advertising Remarks:Advertising Remarks: The possibilities are endless with this unique offering in Wells. Currently configured as a legal DUPLEX, this property is sure to appeal to those looking for a primary residence, a primary with in-law or investment property alike. The main unit is a 3-bedroom, 1.5-bathroom, colonial-style home with an open-concept kitchen and dining area, spacious living room with gas fireplace, and a first-floor office that could be converted into a 4th bedroom. Other features include tray ceilings in the dining and living areas, numerous skylights, custom cabinetry in the kitchen and mini splits for supplemental heat and air-conditioning. The second unit offers single-level living and features 1 bedroom, 1 bathroom and an open-concept kitchen and living area. On the second level of this unit there is a bonus space with a half bath and dedicated entry that would make the perfect studio or office space. Both units share a forced hot-water heating system, but electricity and water are metered separately. The house is perched along the banks of the Webhannet River, which divides this 5-acre parcel in half. Along the 600' of river frontage, you'll find the remnants of the old grist mill dating back to the 1600's. The house has historic roots as well, as a portion of the home is believed to have been built in the 1800's. Additional exterior features include a screened porch area and a separate built-in fire pit where you can sit and enjoy the sounds of the river. Buffum Hill Road is centrally located to everything the Wells-Ogunquit area has to offer including award-winning beaches, shopping, restaurants, schools, and other area attractions. In fact, Wells Beach is located just a short 1.5 miles away from your driveway. The sellers are offering a separate .60 acre building lot adjacent to this property for $149,900 (MLS #1557599). Again, the possibilities are endless! There is limited availability to show until the Open House on Saturday, May 6th from 11:00 AM to 2:00 PM. Call today!
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Bulkhead, Crawl Space, Full, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Landscaped, Wooded, Near Golf Course, Near Public Beach, Near Shopping, Near Public Transit
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Screened
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Heat Pump
  • Heating Yn: Yes
  • Electric: Generator Hookup, Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Wells-Ogunquit CSD

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 217800.0
  • Parcel #: WLLS-000117-000000-000045
  • Zoning: GB

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 11700.0
  • Annual Operating Expense: 2700.0

Tax Info

  • Tax Annual Amount: 2590.0
  • Tax Lot: 045/001
  • Tax Year: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2023
Closed on
Jun 16, 2023
Sold by
Littlefield Lt and Littlefield
Bought by
Chamberlain Tyler D
Seller's Agent
Rick Cosseboom
Anchor Real Estate
Buyer's Agent
Jennifer Cartier
Keller Williams Coastal and Lakes & Mountains Realty
List Price
$589,900
Sold Price
$654,000
Premium/Discount to List
$64,100
10.87%
Current Estimated Value
$710,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,048
Avg. Annual Appreciation
3.44%
Original Mortgage
$627,546
Outstanding Balance
$609,424
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving
Estimated Equity
$100,624

Purchase Details

Closed on
Apr 3, 2019
Sold by
Littlefield Elizabeth M and Littlefield Robert B
Bought by
Littlefield Lt and Littlefield

Purchase Details

Closed on
Jan 21, 2014
Sold by
Allison E P Ouellette T E and Allison Labonte
Bought by
Parker Allison E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chamberlain Tyler D $654,000 None Available
Chamberlain Tyler D $654,000 None Available
Chamberlain Tyler D $654,000 None Available
Littlefield Lt -- --
Littlefield Lt -- --
Littlefield Lt -- --
Parker Allison E -- --
Parker Allison E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chamberlain Tyler D $627,546
Closed Chamberlain Tyler D $627,546
Previous Owner Parker Allison E $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $654,000 +10.9% $278 / Sq Ft
05/07/2023 05/07/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $589,900 -- $250 / 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 $3,881 $638,300 $143,970 $494,330
2023 $3,015 $505,900 $128,660 $377,240
2022 $2,503 $239,340 $58,440 $180,900
2021 $2,518 $239,340 $56,190 $183,150
2020 $2,508 $239,340 $58,440 $180,900
2019 $2,492 $239,120 $58,440 $180,680
2018 $2,468 $239,120 $58,440 $180,680
2017 $2,429 $239,120 $58,440 $180,680
2016 $2,406 $239,120 $58,440 $180,680
2015 $2,379 $239,120 $58,440 $180,680
2013 $2,181 $239,120 $58,440 $180,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1557602

Maine Listings

APN: WLLS-000117-000000-000045