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York
16 Tern Lane
Listed by: Anne Erwin Real Estate, Anne Erwin Sothebys International Rlty, Selling Office: Compass New England, LLC, Listing Courtesy of Prime MLS
$470,000
● House - Off Market

16 Tern Lane

Wells, ME 04090
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$674,547
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Sitting on the edge of the Rachel Carson Reserve is this quaint 3 bedroom 1 bath ranch style beach house. The home is complete with a living room featuring a wood-burning fireplace, a galley style kitchen, and large windows in the living areas which allows for wonderful natural light. Details such as upgraded flooring and beamed ceilings make this home quite charming. Ample parking to accommodate 5-6 cars adds to this wonderful package. Spend a day enjoying the white sands of Moody Beach or paddle boarding through the estuaries of Rachel Carson. The home is conveniently located close to all that Wells has to offer and is 15 minutes from I-95. Create new coastal memories at this adorable haven!
Unit Size
864 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$578
Property Type
House
Property Taxes
$325
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4820970)

Price History

Date / Event Date Event Price
Sep 25, 2020 Sold
Premium
Sold
Aug 6, 2020 Listed by Anne Erwin Sothebys International Rlty $499,000
Listed by Anne Erwin Sothebys International Rlty
Apr 18, 2017 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,100
  • Total Building Area: 990
  • Gross Building Area: 2,232
  • Building Area: 990
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 990
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • State Land Use Code: 101

Neighborhood

  • School District Name: Wells-Ogunquit Community School District
  • School Tax School District: WELLS-OGUNQUIT
  • Census Tract: 034002

Zoning

  • Zoning: RB

Geography

  • Parcel: WLLS M:109 L:33
  • Lot: 33
  • Municipality: WELLS
  • Latitude: 43.2801
  • Longitude: -70.5818

    Address

  • Full Address: 16 Tern Ln
  • Address - House Number: 16
  • Address - Street Name: Tern
  • Address - Suffix Type: Ln
  • State: ME
  • City Name: Wells
  • Zip Code: 04090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $530,800

    Appraisal Valuation

  • Standard Deviation: 0.1924
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 1,080,965
  • High Value: 1,289,296
  • Low Value: 872,635

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $890,630
  • Assessed Land Value: $668,460
  • Assessed Improvements Value: $222,170

    Sales

  • Current Sale Recording Date: Apr 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2017014133
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About York

Stats & Trends

Median Asking:

$624,950

Sale Price/ft²

$298

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2739 ft²

Average Home Age

41.1 years

Currently For Sale

79 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Prime

Listed by: Anne Erwin Real Estate, Anne Erwin Sothebys International Rlty
Last Updated Date: 2020-09-28
Last Checked: 5 hours ago
Data Source: Prime MLS, MLS# 4820970
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 16 Tern Lane built and last sold?
The property at 16 Tern Lane was built in 1965 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 16 Tern Lane is $0.
What are some comparable homes to 16 Tern Lane?
There are currently no comparable homes to 16 Tern Lane.
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