NOT LISTED FOR SALE

7 Elwell Ln Wells, ME 04090

Estimated Value: $681,604 - $830,000

3 Beds
1 Bath
1,030 Sq Ft
$742/Sq Ft Est. Value

Last Sold November 18, 2015

Last sale price $195,000 $189 Per Sq Ft

Est. 292% increase in value since last sale

Current estimated payment $4,513/month

143 Days on Market

Highlights

  • Nearby Water Access
  • Public Beach
  • Main Floor Bedroom
  • Wells Junior High School Rated A-
  • Scenic Views
  • No HOA

About This Home

As of November 2015

This charming seasonal cottage is tucked back from the road on private Elwell Lane, and less than a mile to Drakes Island Beach! Located high on a hill , the grounds offer privacy, established perennials gardens and lovely landscaping. Inside the cottage you'll find an adorable oasis to spend your summers. The upstairs bedroom is a special hide-way that captures the sea breezes! Great rental potential too. Can be purchased fully furnished. The perfect little getaway!

Last Agent to Sell the Property

Julie Grady

Berkshire Hathaway HomeServices Verani Realty Listed on: 07/27/2015

Co-Listed By

Alexander Martin

Berkshire Hathaway HomeServices Verani Realty

Last Buyer's Agent

Alexander Martin

Berkshire Hathaway HomeServices Verani Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,410

Year Built

  • Built in 1930

Lot Details

  • 0.28 Acre Lot
  • Property fronts a private road
  • Public Beach
  • Seasonal Access to Property
  • Landscaped
  • Property is zoned RC

Home Design

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

Interior Spaces

  • 1,030 Sq Ft Home
  • Living Room
  • Dining Room
  • Scenic Vista Views
  • Dirt Floor

Kitchen

  • Electric Range
  • Microwave
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • Shed

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Not Available
  • Seasonal Water
  • Water Heater

Community Details

  • No Home Owners Association
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Tax Lot 040
  • Assessor Parcel Number 7ElwellLaneWellsMaine04090

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,410

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.28
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1248
  • Co List Office Phone: 207-985-4952
  • MLS Status: Closed
  • Directions: Rt 1 to Drakes Island Road. Look for Elwell Lane on your right (Private Way. No driveby's please)
  • Above Grade Finished Sq Ft: 1030.0
  • Architectural Style: Cottage
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.28
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1030.0
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Basement:Dirt Floor: Yes
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • View:Fields: Yes
  • Water Heater:Tank: Yes
  • Water:Seasonal4: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range
  • Has Basement: Dirt Floor, None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Bedroom
  • Bedroom 2 Level: First
  • Bedroom 3 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: Right of Way, Landscaped, Near Public Beach, Near Shopping, Near Town
  • View: Fields, Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Shed(s)
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public, Seasonal

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12196.8
  • Parcel #: 7ElwellLaneWellsMaine04090
  • Zoning: RC

Tax Info

  • Tax Annual Amount: 2410.0
  • Tax Book Number: 5204
  • Tax Lot: 040
  • Tax Map Number: 0144
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2015
Closed on
Nov 19, 2015
Sold by
Challener & Morrow Ret
Bought by
Bromage Elizabeth M and Bromage John W
Seller's Agent
Julie Grady
Berkshire Hathaway HomeServices Verani Realty
Buyer's Agent
Alexander Martin
Berkshire Hathaway HomeServices Verani Realty
List Price
$355,000
Sold Price
$195,000
Premium/Discount to List
-$160,000
-45.07%
Current Estimated Value
$764,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$569,151
Avg. Annual Appreciation
15.13%
Original Mortgage
$100,000
Outstanding Balance
$42,624
Interest Rate
3.04%
Mortgage Type
New Conventional
Estimated Equity
$729,896
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
Bromage Elizabeth M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bromage Elizabeth M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2015 11/18/15 Sold $195,000 -45.1% $189 / Sq Ft
10/06/2015 10/06/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $355,000 -- $345 / 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 $4,202 $705,040 $445,580 $259,460
2022 $3,197 $305,600 $180,320 $125,280
2021 $3,215 $305,600 $180,320 $125,280
2020 $2,650 $252,900 $180,320 $72,580
2019 $2,635 $252,900 $180,320 $72,580
2018 $2,610 $252,900 $180,320 $72,580
2017 $2,569 $252,900 $180,320 $72,580
2016 $2,149 $213,590 $180,320 $33,270
2015 $2,525 $253,730 $180,320 $73,410
2013 $2,314 $253,730 $180,320 $73,410
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Julie Grady

    Berkshire Hathaway HomeServices Verani Realty

  • A

    Seller Co-Listing Agent in 2015

    Alexander Martin

    Berkshire Hathaway HomeServices Verani Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1216716

Maine Listings

APN: WLLS-000144-000000-000040

Maine York County Wells 04090

7 Elwell Ln, Wells, ME

This home is located at 7 Elwell Ln, Wells, ME 04090 since 27 July 2015 and is currently estimated at $764,151, approximately $741 per square foot. This property was built in 1930. 7 Elwell Ln is a home located in York County with nearby schools including Wells Junior High School, Wells Elementary School, and Wells High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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