NOT LISTED FOR SALE

13 Old Point Ln Wells, ME 04090

Estimated Value: $1,237,000 - $1,818,957

3 Beds
4 Baths
3,276 Sq Ft
$437/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $950,000 $290 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $8,424/month

139 Days on Market

Highlights

  • 90 Feet of Waterfront
  • Beach Access
  • Contemporary Architecture
  • Wells Junior High School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of October 2018

Poised at the ocean's edge on Moody Point with over 50 feet of ocean frontage, this sprawling 3,276 square foot Grand Cottage with private guest quarters is ready for a new owner to bring this classic property to its potential. The main home sits on the second and third level, with an in-law suite on the first. Tucked off Ocean Avenue on a dead-end road, it offers parking for 6 cars, a myriad of decks and enclosed porches, open floor plan, and two bedrooms in each living area. There is a large, finished, third floor space which would make a perfect bedroom suite, artist's studio, or study. This is a prime location and would make a wonderful multi-generational home on the Atlantic Ocean. Come to the coast of Maine and enjoy the good life!

Last Agent to Sell the Property

Anne Erwin Real Estate

Anne Erwin Sotheby's International Realty Brokerage Phone: 207-363-6640 Listed on: 04/09/2018

Last Buyer's Agent

Anne Erwin Real Estate

Anne Erwin Sotheby's International Realty Brokerage Phone: 207-363-6640 Listed on: 04/09/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,086

Year Built

  • Built in 1960

Lot Details

  • 8,276 Sq Ft Lot
  • 90 Feet of Waterfront
  • Ocean Front
  • Property fronts a private road
  • Street terminates at a dead end
  • Level Lot
  • Open Lot

Property Views

  • Water
  • Scenic Vista

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,276 Sq Ft Home
  • 3-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Deck
  • Enclosed Glass Porch

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number WLLS-000112-000000-000105

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,086

Year Built

Built in 1960

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: Rt.1 North from Ogunquit center, turn right on Eldridge. Follow Eldridge until you come to Ocean Ave. Turn right onto Ocean Ave. Follow until you see the ocean and Old Point Lane will be on your left. Turn onto the road and house will be on your right.
  • Above Grade Finished Sq Ft: 3276.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1960
  • Attribution Contact: 207-363-6640
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 289.99
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.19
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3276.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Oceanfront: Yes
  • Basement:Slab2: Yes
  • Roads:Dead End: Yes
  • Water Info:Waterfront Amount -: 90.0
  • Water Info:Water Frontage Owned -: 90.0
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Recreational Water:Beach Rights: Yes
  • Building Info:_pound_ Floors3: 3
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Advertising Remarks:Advertising Remarks: Poised at the ocean's edge on Moody Point with over 50 feet of ocean frontage, this sprawling 3,276 square foot Grand Cottage with private guest quarters is ready for a new owner to bring this classic property to its potential. The main home sits on the second and third level, with an in-law suite on the first. Tucked off Ocean Avenue on a dead-end road, it offers parking for 6 cars, a myriad of decks and enclosed porches, open floor plan, and two bedrooms in each living area. There is a large,finished, third floor space which would make a perfect bedroom suite, artist's studio, or study. This is a prime location and would make a wonderful multi-generational home on the Atlantic Ocean. Come to the coast of Maine and enjoy the good life!
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living, Pantry, Storage
  • Stories: 3

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping, Near Town
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Glass Enclosed, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • 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: 8276.4
  • Parcel #: WLLS-000112-000000-000105
  • Zoning: RB

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 13086.0
  • Tax Lot: 105
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2018
Closed on
Oct 1, 2018
Sold by
Gaudette Rt 3 and Gaudette
Bought by
Dean Kevin and Dean Jill
Seller's Agent
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
Buyer's Agent
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
List Price
$1,299,000
Sold Price
$950,000
Premium/Discount to List
-$349,000
-26.87%
Current Estimated Value
$1,430,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$480,986
Avg. Annual Appreciation
5.66%
Original Mortgage
$560,000
Outstanding Balance
$487,389
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$943,597

Purchase Details

Closed on
Jul 12, 2005
Sold by
Gaudette Nicole F and Gaudette Alice C
Bought by
Gaudette 3 Rt and Gaudette
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 Buyer Sale Price Title Company
Dean Kevin -- --
Dean Kevin -- --
Dean Kevin -- --
Gaudette 3 Rt -- --
Gaudette 3 Rt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dean Kevin $560,000
Closed Dean Kevin $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2018 10/01/18 Sold $950,000 -26.9% $290 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $1,299,000 -- $397 / Sq Ft
Source: Maine Listings

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
2025 $12,709 $1,967,410 $1,560,900 $406,510
2024 $11,962 $1,967,410 $1,560,900 $406,510
2023 $11,726 $1,967,410 $1,560,900 $406,510
2022 $11,893 $1,137,000 $947,630 $189,370
2021 $11,961 $1,137,000 $947,630 $189,370
2020 $11,745 $1,120,750 $947,630 $173,120
2019 $13,420 $1,287,940 $1,114,820 $173,120
2018 $6,646 $1,287,940 $1,114,820 $173,120
2017 $13,085 $1,287,940 $1,114,820 $173,120
2016 $12,957 $1,287,940 $1,114,820 $173,120
2015 $12,815 $1,287,940 $1,114,820 $173,120
2013 $11,770 $1,290,550 $1,114,820 $175,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1343224

Maine Listings

APN: WLLS-000112-000000-000105

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