$875,000
SOLD OCT 20, 2017

127 Atlantic Ave Wells, ME 04090

3 Beds
1.5 Baths
800 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$1,094 Per Sq Ft

12% Below List Price

226 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Cottage
  • Wells Junior High School Rated A-
  • No HOA
  • Level Lot

About This Home

As of April 2023

NEW PRICE and AVAILABLE time to buy this classic turn of the century cottage at Wells Beach. Oceanfront cottage features 3 bedrooms, 1.5 bathrooms. There are photos of the original cottage from 1888 but the current features date from 1920's plus some modern updates such as vinyl siding, roof, and some of the windows. Enclosed porch on the beach side plus an open porch on the street side. Owners home insurance including Flood Insurance is approximately $4000 per year. During July & August rented for $4,000/wk

Last Agent to Sell the Property

Lynne Gauthier

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 01/23/2017

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Anne Erwin Real Estate

Anne Erwin Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,245

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Seasonal Access to Property
  • Level Lot
  • Property is zoned RB

Property Views

  • Water
  • Scenic Vista

Home Design

  • 800 Sq Ft Home
  • Cottage
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Kitchen

  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Dirt Floor

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 125
  • Assessor Parcel Number 0125

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,245

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: From Route 1 in Wells take the Mile Road to center. Left onto Atlantic Ave
  • Above Grade Finished Sq Ft: 800.0
  • Architectural Style: Cottage
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 800.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Electric Range: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Basement:Partial: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Dirt Floor: Yes
  • Recreational Water:Oceanfront: Yes
  • Style:Cottage: Yes
  • View:Scenic: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Has Basement: Dirt Floor, Full, Partial, Walk-Out Access, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Near Public Beach
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot 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: 4356.0
  • Parcel #: 0125
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 10245.0
  • Tax Book Number: 16652
  • Tax Lot: 125
  • Tax Map Number: 025
  • Tax Year: 2016

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
-4.03%
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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,195,000 None Available
Warranty Deed $2,195,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,756,000 Purchase Money Mortgage
Closed $1,756,000 Purchase Money Mortgage
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: 1293320

Maine Listings

APN: WLLS-000125-000000-000125