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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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1597 Sanford Rd , Wells, ME 04090
$629,000
Est. Payment: $1,397.78/mo
0 Bed
5 Bath
3769 Sqft
Status: Active | Days on site: 58
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House Description

Presenting a prime investment opportunity in Wells, Maine! There are very few waterfront multi-family properties available, but here is your opportunity to add one to your portfolio with river frontage and close access to the highway and beaches. This waterfront multi-unit property features three homes on one lot: a single-wide that is currently rented, a 4-bedroom double-wide that will be completely renovated by closing, and a 2-bedroom home that is ready for your finishing touches. The rented unit is tucked into the back of the lot and includes a storage shed and peaceful views of the forest and Merriland River. You and your guests will enjoy the completely remodeled 4-bedroom home with its spacious yard and deck overlooking the river. The connected garage offers additional convenience for storage or perhaps additional rental income. The front home has been updated with new wiring and plumbing, and is waiting for you to make it your own. There is so much potential here - you could use this property strictly for rental income, or leave one unit for yourself to enjoy the peaceful Maine setting and all that Wells has to offer.

Highlights

Listed by Jason Clark , 207-608-5927 Coldwell Banker Realty , 207-967-9900.

Property Type

Multi-Family

Lot/Acreage
1.99

Year Built

1972

County

York

Listing ID

1664129

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:5
Appliances:Cable,Internet Access Available
Floor:Concrete,Laminate,Vinyl
Above Ground Sq Ft:3769
Below Ground Sq Ft:0
Basement:Not Applicable,Slab,Crawl Space
Other:
  • Additional:1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, One-Floor Living, Storage
Water:Private,Well

Exterior Features

Lot:Near Turnpike/Interstate,Near Town,Level,Open Lot,Wooded
Zoning:RA
Roof:Shingle
Sewer:Private Sewer,Septic Tank
Parking Features:Gravel,5 - 10 Spaces
Principal Interest
$1,398
Taxes
$217

Home Price

$629,000

Loan Details

30 yrs
%

Down Payment

20%
$125,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,397.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,397.78 $216.67 $0.00 $1,614.44
Yearly $16,773.33 $2,600.00 $0.00 $19,373.33
Total $503,200.00 $78,000.00 $0.00 $581,200.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Wells, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.