$499,000
SOLD JUL 11, 2025

79 Drakes Island Rd Wells, ME 04090

2 Beds
1 Bath
600 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$832 Per Sq Ft

Highlights

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

About This Home

As of July 2025

This adorable cottage is the perfect seaside escape, offering front-facing marsh views across the street and a prime location just a short stroll from Drakes Island Beach.

Inside you will find a warm and inviting knotty pine interior, giving the home that classic Maine cottage charm. With two cozy bedrooms and one bath, this is the perfect escape for beach lovers and nature enthusiasts alike...

Step out onto the rear deck, where you can relax and enjoy the coastal breeze in a peaceful setting. Quaint backyard area complete with a handy storage shed, provides additional space for outdoor activities and beach gear.

Whether you're looking for a summer retreat or a weekend escape, this Drakes Island gem is full of charm and character, ready for you to make memories by the sea!

Last Agent to Sell the Property

Corey Tracy

Pack Maynard and Associates Listed on: 05/24/2025

Last Buyer's Agent

George Pervanas

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,015

Year Built

  • Built in 1959

Lot Details

  • 6,534 Sq Ft Lot
  • Public Beach
  • Seasonal Access to Property
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned RA

Home Design

  • Cottage
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 600 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Laminate Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access
  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number WLLS-000144-000000-000025

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,015

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly.
  • Above Grade Finished Sq Ft: 600.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1959
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 831.67
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 600.0
  • 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
  • Heat System:Forced Air: Yes
  • Appliances Included:Electric Range: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:One-Floor Living: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Basement:Crawl Space: Yes
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • Basement Entry:Exterior Only: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Advertising Remarks:Advertising Remarks: This adorable cottage is the perfect seaside escape, offering front-facing marsh views across the street and a prime location just a short stroll from Drakes Island Beach. Inside you will find a warm and inviting knotty pine interior, giving the home that classic Maine cottage charm. With two cozy bedrooms and one bath, this is the perfect escape for beach lovers and nature enthusiasts alike... Step out onto the rear deck, where you can relax and enjoy the coastal breeze in a peaceful setting. Quaint backyard area complete with a handy storage shed, provides additional space for outdoor activities and beach gear. Whether you're looking for a summer retreat or a weekend escape, this Drakes Island gem is full of charm and character, ready for you to make memories by the sea!
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Has Basement: Crawl Space, Exterior Only
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate
  • Interior Amenities: One-Floor Living
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Well Landscaped, Open, Level, Near Public Beach, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced 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: 6534.0
  • Parcel #: WLLS-000144-000000-000025
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 3015.0
  • Tax Lot: 25
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2025
Closed on
Jul 11, 2025
Sold by
Simpson John and Simpson Valerie
Bought by
Barry John T and Barry Anne B
Seller's Agent
Corey Tracy
Pack Maynard and Associates
Buyer's Agent
George Pervanas
Coldwell Banker Realty
List Price
$499,000
Sold Price
$499,000
Views
27
Current Estimated Value
$518,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,722
Avg. Annual Appreciation
10.74%
Original Mortgage
$299,000
Outstanding Balance
$296,653
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$222,069

Purchase Details

Listed on
Jan 17, 2020
Closed on
Mar 16, 2020
Sold by
Silva James R and Silva Regina M
Bought by
Simpson John and Simpson Valerie
Seller's Agent
Steven Adams
Downing Real Estate Agency
Buyer's Agent
Corey Tracy
Pack Maynard and Associates
List Price
$294,000
Sold Price
$290,000
Premium/Discount to List
-$4,000
-1.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.74%
Original Mortgage
$217,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2014
Sold by
Fisher Ft and Fisher
Bought by
Silva James R and Silva Regina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $499,000 --
Warranty Deed $499,000 --
Warranty Deed $499,000 --
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $299,000 New Conventional
Closed $299,000 New Conventional
Previous Owner $217,500 New Conventional
Previous Owner $190,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2025 07/11/25 Sold $499,000 0.0% $832 / Sq Ft
05/24/2025 05/24/25 For Sale $499,000 0.0% $832 / Sq Ft
05/23/2025 05/23/25 Pending -- -- --
05/14/2025 05/14/25 Price Changed $499,000 -9.1% $832 / Sq Ft
03/11/2025 03/11/25 Price Changed $549,000 -8.3% $915 / Sq Ft
02/27/2025 02/27/25 For Sale $599,000 +106.6% $998 / Sq Ft
03/16/2020 03/16/20 Sold $290,000 -1.4% $483 / Sq Ft View Prior Sale
01/23/2020 01/23/20 Pending -- -- --
12/17/2019 12/17/19 For Sale $294,000 -- $490 / 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 $3,075 $505,800 $384,740 $121,060
2023 $3,015 $505,800 $384,740 $121,060
2022 $2,370 $226,560 $155,550 $71,010
2021 $2,376 $225,880 $155,550 $70,330
2020 $2,367 $225,880 $155,550 $70,330
2019 $2,354 $225,880 $155,550 $70,330
2018 $1,166 $225,880 $155,550 $70,330
2017 $2,295 $225,880 $155,550 $70,330
2016 $2,272 $225,880 $155,550 $70,330
2015 $2,248 $225,880 $155,550 $70,330
2013 $1,800 $197,330 $155,550 $41,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1615074

Maine Listings

APN: WLLS-000144-000000-000025