About this home
Strong investment opportunity just steps from sandy Wells Beach. The property features two buildings, each with two units. All four units include two bedrooms, spacious living rooms with vaulted ceilings, open kitchens, full bathrooms, and private decks. Additional amenities include ample parking, a full basement, laundry facilities, and fully furnished. The Town tax card lists the property as a Residential Family duplex with two buildings, while the Town CEO considers it a 4-unit motel. The property is sold as-is. Buyers should verify all zoning and permitted uses with the Town of Wells. This desirable beach property offers significant investment potential.
Listing last checked: Listing updated:
Listed by Listing Agent · Anne Erwin Sotheby's International Realty · MLS #1676234
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Details at a glance
Interior4 property facts
- Heating
- Electric, Baseboard, Zoned
- Cooling
- None
- Flooring
- Laminate
- Fireplaces
- 0
Building5 property facts
- Style
- Duplex
- Year built
- 1985
- Garage
- 0
- Foundation
- Poured Concrete
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.18 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- BB
Financial2 property facts
- Annual taxes
- $6,152
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,199,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,575 / monthAdjust
- Principal & interest
- $6,063
- Property tax
- $513
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,152. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 20 Nautical Lane
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