NOT LISTED FOR SALE

127 Atlantic Ave Wells, ME 04090

Estimated Value: $1,512,000 - $2,638,630

3 Beds
1.5 Baths
1,042 Sq Ft
$1,923/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $2,195,000 $2,107 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $11,974/month

4 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 40 Feet of Waterfront
  • Country Club
  • Wells Junior High School Rated A-
  • Public Beach
  • Deck

About This Home

As of April 2023

Enjoy summertime in Maine from this Classic 3 bedroom, 2 bath beach cottage that has been stylishly updated. Situated on the desirable southern end of Wells Beach and offering 40 feet of prime water frontage and panoramic views, views, views! The first floor consists of stylish kitchen with custom detailing galore. Quartz island with bar seating, glass display cabinets for all your beach treasures, coffee station, open shelving, wicker storage baskets, built-in butcher block chopping board, tile backsplash and an abundance of cabinets with soft-close drawers. Bosch stainless steel gas stove, dishwasher and LG refrigerator compliment the kitchen space. The first floor living room is surrounded by windows that capture the sights and sounds of the Atlantic, beautifully updated tiled bath with heavy glass shower door and the seaside family room combines both waterside dining and casual living space. Floor to ceiling glass doors open to the waterside lawn and expand the outdoor living space. Easy access to sandy beach too. The second floor is comprised of 3 bedrooms all offering captivating views of the Atlantic and marsh along with an updated half bath. The third floor loft area is a playful getaway accessible by ladder. The generous deck provides breathtaking sunsets, marsh views of Rachel Carson Wildlife Preserve and the perfect spot for BBQ grilling. A laundry room, delightful shower in basement and ample room to store beach gear. Envious parking make this ideal for entertaining family and friends. Fantastic investment opportunity with phenominal rental history already in place. A rare find!

Last Agent to Sell the Property

Anne Erwin Real Estate

Anne Erwin Sotheby's International Realty Brokerage Phone: 207-363-6640 Listed on: 03/08/2023

Last Buyer's Agent

Chris Erikson, Esq.

The Aland Realty Group, LLC

The Aland Realty Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,870

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • 40 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Seasonal Access to Property
  • Level Lot
  • Open Lot
  • Property is zoned RB

Property Views

  • Water
  • Scenic Vista

Home Design

  • Contemporary Architecture
  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,042 Sq Ft Home
  • Double Pane Windows
  • Family Room
  • Living Room
  • Loft
  • Attic

Kitchen

  • Gas Range
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Parking

  • Garage
  • Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck
  • Porch

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 125
  • Assessor Parcel Number WLLS-000125-000000-000125

Community Details

Recreation

  • Country Club

Additional Features

  • No Home Owners Association
  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,870

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean- Wells Beach
  • MLS Status: Closed
  • Directions: From Route One...take Mile Road to Wells Beach...left on Atlantic Ave....house on right.
  • Above Grade Finished Sq Ft: 1042.0
  • Architectural Style: Contemporary, New Englander
  • Garage Yn: Yes
  • Efficiency: Double Pane Windows
  • Year Built: 1920
  • Attribution Contact: 207-363-6640
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1042.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Living Room:Living Room: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Oceanfront: Yes
  • Water Info:Waterfront Amount -: 40.0
  • Water Info:Water Frontage Owned -: 40.0
  • Recreational Water:Deeded: Yes
  • Family Room:Family Room: Yes
  • Appliances Included:Gas Range: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Location:Near Country Club: Yes
  • Kitchen Countertop:Quartz: Yes
  • Basement Entry:Exterior Only: Yes
  • Loft:Loft: Yes
  • Style:New Englander: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Gas Range, Dryer, Dishwasher
  • Has Basement: Walk-Out Access, Exterior Only, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Attic, Storage
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Public Beach, Near Shopping
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck, Porch
  • Roof: Other, Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: WLLS-000125-000000-000125
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 10870.0
  • Tax Book Number: 17586
  • Tax Lot: 125
  • Tax Map Number: 0125
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Apr 28, 2023
Sold by
Ditomaso Tony and Di Marco Elisabetta
Bought by
Guglielmino Derek S and Guglielmino Megan E
Seller's Agent
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
Buyer's Agent
Chris Erikson, Esq.
The Aland Realty Group, LLC
List Price
$2,195,000
Sold Price
$2,195,000
Current Estimated Value
$2,003,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$191,457
Avg. Annual Appreciation
-4.01%
Original Mortgage
$1,756,000
Outstanding Balance
$1,716,174
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$287,369

Purchase Details

Closed on
Jun 25, 2021
Sold by
Mackenzie David
Bought by
Mackenzie David
Source: Public Records

Range of Values:

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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
Guglielmino Derek S $2,195,000 None Available
Guglielmino Derek S $2,195,000 None Available
Mackenzie David -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guglielmino Derek S $1,756,000
Closed Guglielmino Derek S $1,756,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $2,195,000 0.0% $2,107 / Sq Ft
03/12/2023 03/12/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $2,195,000 +150.9% $2,107 / Sq Ft
10/20/2017 10/20/17 Sold $875,000 -12.4% $1,094 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $999,000 -- $1,249 / 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 $10,527 $1,766,250 $1,544,840 $221,410
2022 $10,870 $1,039,180 $937,860 $101,320
2021 $10,899 $1,036,000 $937,860 $98,140
2020 $10,857 $1,036,000 $937,860 $98,140
2019 $10,795 $1,036,000 $937,860 $98,140
2018 $10,308 $1,015,690 $937,860 $77,830
2017 $10,319 $1,015,690 $937,860 $77,830
2016 $10,245 $1,018,430 $937,860 $80,570
2015 $10,133 $1,018,430 $937,860 $80,570
2013 $9,288 $1,018,430 $937,860 $80,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1553544

Maine Listings

APN: WLLS-000125-000000-000125