NOT LISTED FOR SALE

231 Ocean Ave Wells, ME 04090

Estimated Value: $1,665,000 - $2,625,000

4 Beds
3 Baths
1,984 Sq Ft
$1,081/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $1,853,900 $934 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $12,773/month

15 Days on Market

Highlights

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

About This Home

As of November 2019

This is beach front living at its best! This beautifully maintained three level home is sited on a private 40' strip of sandy Moody Beach. Relax and take in the views, breezes and sounds of the Atlantic from any room in the home. The first level features open styling, gleaming wood floors and lovely wood ceilings while the upper level is where you'll find the master and guest rooms, all painted with calming seaside colors to add to the relaxation factor. The lower level features yet, another guest bedroom, family room and laundry. But, the true gem here is the outdoor living areas. Gorgeous walk ways, gardens, porches and patios, all perfectly situated to make the most of your ocean front oasis. Be sure to take advantage of this opportunity now before it rolls out with the tide!

Last Agent to Sell the Property

Donald Wunder

RE/MAX Realty One Listed on: 07/15/2019

Last Buyer's Agent

Peter LaRochelle

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,440

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • 40 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Landscaped
  • Open Lot
  • Property is zoned RB

Property Views

  • Water
  • Scenic Vista

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Beach Access
  • Access to Tidal Water
  • Deck
  • Patio
  • Porch

Location

  • Property is near a golf course
  • City Lot

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Oil
  • Heat Pump System
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 93
  • Assessor Parcel Number WLLS-000106-000000-000093

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,440

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: From Route One S in Wells Turn left onto Bourne AVE. Turn left onto Ocean Ave. Property is on the left
  • Above Grade Finished Sq Ft: 1248.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1248.0
  • Property Information:SqFt Finished Below Grade: 736.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Cooling:Central Air: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Gas:No Gas: Yes
  • Roof:Composition2: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Oceanfront: Yes
  • Water Info:Waterfront Amount -: 40.0
  • Water Info:Water Frontage Owned -: 40.0
  • Recreational Water:Deeded: Yes
  • Equipment:Internet Access Available: Yes
  • Family Room:Family Room: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Laundry Room:Laundry Room: Yes
  • Style:New Englander: Yes
  • Recreational Water:Beach Rights: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: Walk-Out Access, Finished, Interior Entry
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 736.0
  • Fireplace: No
  • Interior Amenities: Other
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Basement
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: Second
  • Laundry Room Laundry Room Level: Basement

Exterior Features

  • Lot Features: Open Lot, Landscaped, Intown, Near Golf Course, Near Public Beach, Neighborhood
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Patio And Porch Features: Deck, Patio, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: 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, Main Level
  • Cooling: Heat Pump, Central Air
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Wells-Ogunquit CSD

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: WLLS-000106-000000-000093
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 14440.0
  • Tax Book Number: 14675
  • Tax Lot: 93
  • Tax Map Number: 106
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2019
Closed on
Oct 18, 2019
Sold by
David Rowe Ret Of 2005 and Rowe
Bought by
Costello Richard G and Costello Beth A
Seller's Agent
Donald Wunder
RE/MAX Realty One
Buyer's Agent
Peter LaRochelle
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$1,995,000
Sold Price
$1,853,900
Premium/Discount to List
-$141,100
-7.07%
Total Days on Market
15
Current Estimated Value
$2,160,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,498
Avg. Annual Appreciation
3.13%
Original Mortgage
$750,000
Outstanding Balance
$655,980
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,560,480

Purchase Details

Closed on
Nov 18, 2005
Sold by
Rowe David C
Bought by
David Rowe Ret and Rowe
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
Costello Richard G -- --
David Rowe Ret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costello Richard G $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $1,853,900 -7.1% $934 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
07/15/2019 07/15/19 For Sale $1,995,000 -- $1,006 / 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 $15,697 $2,633,740 $2,354,650 $279,090
2022 $14,675 $1,402,940 $1,272,800 $130,140
2021 $14,759 $1,402,940 $1,272,800 $130,140
2020 $14,703 $1,402,940 $1,272,800 $130,140
2019 $14,619 $1,402,940 $1,272,800 $130,140
2018 $7,220 $1,399,230 $1,272,800 $126,430
2017 $14,216 $1,399,230 $1,272,800 $126,430
2016 $14,076 $1,399,230 $1,272,800 $126,430
2015 $13,922 $1,399,230 $1,272,800 $126,430
2013 $12,761 $1,399,230 $1,272,800 $126,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1424600

Maine Listings

APN: WLLS-000106-000000-000093