NOT LISTED FOR SALE

101 Ocean Ave Unit 5 Wells, ME 04090

Estimated Value: $388,000 - $550,000

2 Beds
1 Bath
200 Sq Ft
$140/mo HOA Fee

Last Sold May 17, 2022

Last sale price $410,000 $2,050 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,991/month

5 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 50 Feet of Waterfront
  • Wood Flooring
  • Wells Junior High School Rated A-
  • Public Beach
  • Cottage

About This Home

As of May 2022

This quintessential, Maine cottage is truly a rare offering! Where else can you find a cottage that provides deeded access to walk out your door and onto the sands of Moody Beach? The sights and sounds of the ocean will be all around you at all times. This rustic charmer is the perfect 3 season escape. Featuring 2 bedrooms with a Jack and Jill bathroom, an adorable vintage eat in kitchen with the ocean as your back drop. Meals overlooking the ocean will provide memories that will last a life time. Picnic tables, a grill and Adirondack chairs await your recreation and relaxation. There are also outdoor showers for keeping the sand away from the interior spaces. This cottage is the perfect personal retreat as well as proven rental, if an investment property is what you seek. Want to update the interior space? It awaits your vision, but the footprint and size of the cottage can not be increased. 2 parking spaces are reserved for this unit. Another rare amenity! You will not want to miss this opportunity!

Last Agent to Sell the Property

Carolyn Weller

RE/MAX Realty One Listed on: 05/04/2022

RE/MAX Realty One

Last Buyer's Agent

Dawson Sibley

RE/MAX Realty One

RE/MAX Realty One

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,932

Year Built

  • Built in 1983

Lot Details

  • 50 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Seasonal Access to Property
  • Open Lot

HOA Fees

  • $140 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 200 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Shower Only

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking
  • Reserved Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Beach Access

Utilities

  • No Cooling
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 018/5
  • Assessor Parcel Number WLLS-000103-000018-000000-000005

Community Details

Overview

  • Moody Sands Villas Subdivision

Pet Policy

  • Pets Allowed
  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,932

Year Built

Built in 1983

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Subdivision Name: Moody Sands Villas
  • Directions: Route One North to Wells. Turn Right on Bourne Avenue, Right on to Ocean, property on left
  • Above Grade Finished Sq Ft: 200.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1983
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.23
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 200.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Microwave: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Location Information:Association Fee: 1680.0
  • Location Information:Fee Frequency Paid: Annually
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 1
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Parking:Paved3: Yes
  • Recreational Water:Oceanfront: Yes
  • Water Info:Waterfront Amount -: 50.0
  • Water Info:Water Frontage Owned -: 50.0
  • Water Info:Water Frontage Shared -: 50.0
  • Recreational Water:Deeded: Yes
  • Style:Cottage: Yes
  • Appliances Included:Gas Range: Yes
  • View:Scenic: Yes
  • Recreational Water:Beach Rights: Yes
  • Condominium:Total Units4: 7
  • Heat System:No Heat System: Yes
  • Restrictions:Pet: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Gas Range
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: One-Floor Living, Shower
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Near Public Beach, Near Turnpike/Interstate
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Other, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: No Heat System
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1680.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: WLLS-000103-000018-000000-000005
  • Zoning: RB

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 2932.0
  • Tax Book Number: 14023
  • Tax Lot: 018/5
  • Tax Map Number: 0103
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
May 17, 2022
Sold by
Mccarthy Joseph A
Bought by
Sevigney Jonathan
Seller's Agent
Carolyn Weller
RE/MAX Realty One
Buyer's Agent
Dawson Sibley
RE/MAX Realty One
List Price
$435,000
Sold Price
$410,000
Premium/Discount to List
-$25,000
-5.75%
Current Estimated Value
$488,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,577
Avg. Annual Appreciation
6.40%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Sevigney Jonathan $410,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2022 05/17/22 Sold $410,000 -5.7% $2,050 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $435,000 -- $2,175 / 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
2023 $2,505 $420,300 $379,170 $41,130
2022 $2,915 $278,660 $260,590 $18,070
2021 $2,932 $278,660 $260,590 $18,070
2020 $2,889 $275,670 $260,590 $15,080
2019 $2,872 $275,670 $260,590 $15,080
2018 $2,794 $275,670 $260,590 $15,080
2017 $2,801 $275,670 $260,590 $15,080
2016 $2,773 $275,670 $260,590 $15,080
2015 $2,743 $275,670 $260,590 $15,080
2013 $2,514 $275,670 $260,590 $15,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1527025

Maine Listings

APN: WLLS-000103-000018-000000-000005