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York
31 Buffum Hill Road
$423,294*
● House - Off Market

31 Buffum Hill Road

Wells, ME 04090
bedrooms
3 Beds
bathrooms
1 Bath
$360,000 - $438,000
Reference Base Price*
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Looking for that perfect year round getaway close to Ogunquit, Wells, and Drakes Beaches?  This may be the sweet property for you.  This 3 bdrm, 1 ba, sits on approximately 1/3 acre of land and includes a spacious living room with a slider to the deck on the back to ensure peace and quiet and relaxing privacy.  Update the eat in kitchen with your touches and make it your own.  Whether you walk to the farm stand or to the end of the road to chat with neighbors this is what quintisential Maine is all about.  Showings start Dec 2, 2022 for this coming soon property.
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
House
Property Taxes
$140
HOA Dues
-
Year Built
1983

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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.

Price History

Date / Event Date Event Price
Jan 19, 2023 Sold
Premium
Sold
Dec 14, 2022 No longer available -
No longer available
Dec 3, 2022 Listed $399,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 776
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,000
  • Total Building Area: 1,256
  • Gross Building Area: 2,512
  • Building Area: 1,256
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,256
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000298
  • 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: 034004

Zoning

  • Zoning: RA

Geography

  • Parcel: WLLS M:117 L:46
  • Lot: 46
  • Municipality: WELLS
  • Latitude: 43.2977
  • Longitude: -70.5884

    Address

  • Full Address: 31 Buffum Hill Rd
  • Address - House Number: 31
  • Address - Street Name: Buffum Hill
  • Address - Suffix Type: Rd
  • State: ME
  • City Name: Wells
  • Carrier Code: R004
  • 4-Digit Zip Code: 5303
  • Zip Code: 04090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $177,900

    Appraisal Valuation

  • Standard Deviation: 0.2155
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 70
  • Final Value: 441,053
  • High Value: 536,119
  • Low Value: 345,986

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $298,450
  • Assessed Land Value: $92,950
  • Assessed Improvements Value: $205,500

    Sales

  • Current Sale Contract Date: Jan 18, 2023
  • Current Sale Recording Date: Jan 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023001624

    Financing

  • First Mortgage Financing Type: ADJ
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:

$627,000

Sale Price/ft²

$297

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2754 ft²

Average Home Age

41 years

Currently For Sale

77 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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Frequently Asked Questions

When was property at 31 Buffum Hill Road built and last sold?
The property at 31 Buffum Hill Road was built in 1983 and last sold on Jan 18, 2023 for $390,000.
How much is this home worth?
The estimated value of the home located at 31 Buffum Hill Road is $0.
What are some comparable homes to 31 Buffum Hill Road?
There are currently no comparable homes to 31 Buffum Hill Road.
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