$995,000
$144K PRICE DROP

314 Ocean Ave Wells, ME 04090

Estimated payment $5,826/month

Total Views 67,894
2 Beds
1 Bath
1,152 Sq Ft
$864 Price per Sq Ft

Highlights

  • Country Club
  • Deck
  • Wood Flooring
  • Wells Junior High School Rated A-
  • Property is near public transit
  • Main Floor Bedroom

About This Home

Classic Bungalow Style two/three bedroom cottage on a sunny and spacious lot with terrific outdoor space and ample parking. Open concept kitchen/dining room combination space, beautiful hardwood floors and a fantastic sunroom that could easily be converted into a third bedroom. This adorable property offers a fabulous mid-beach location along Moody and also has a deeded easement across the street from the property with direct access to the beach shared with just a few other homes. Easement provides access ONLY to the beach. Easement does not provide beach rights. This popular rental has been a consistent income producing property for the current owners. Keep it all to yourself or rent for part of the year to cover some expenses. Enjoy the cottage as-is or put your finishing touches on this appealing property with a new kitchen and bath. Large deck off of the kitchen allows for fantastic outdoor enjoyment with plenty of space for daytime or evening gatherings. There is also a substantial storage shed for beach toys and lawn and garden tools. Easy access to all of the area's many restaurants, galleries, shops and recreation. Only a 15 minute drive to the Kennebunks and just a ten minute drive to Ogunquit Square. The charming working waterfront cities of Portland and Portsmouth are just 45 and 30 minutes away. Great opportunity to be right across the street from one of the best beaches in Southern Maine!

Listing Agent

Peter LaRochelle

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Phone: 207-468-7335 Listed on: 01/02/2025

Better Homes & Gardens Real Estate/The Masiello Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,290

Year Built

  • Built in 1930

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot
  • Open Lot
  • Property is zoned RB

Home Design

  • Bungalow
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,152 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Sun or Florida Room
  • Crawl Space

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 119
  • Assessor Parcel Number WLLS-000109-000000-000119

Community Details

Overview

  • No Home Owners Association

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,290

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: Post Road/Route 1 to Furbish Road and right onto Ocean Avenue
  • Above Grade Finished Sq Ft: 1152.0
  • Architectural Style: Bungalow
  • Garage Yn: No
  • Year Built: 1930
  • Attribution Contact: 207-468-7335
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 863.72
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1152.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: 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
  • Water Heater:Electric2: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Style:Bungalow: Yes
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Sunroom:Sunroom: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Room Features:Wood Burning Fireplace29: Yes
  • Dining Room Amenities:Dining Area: Yes
  • Room Features:Dining Area2: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Heat System:Direct Vent Heater: Yes
  • Location:Near Railroad: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Advertising Remarks:Advertising Remarks: Classic Bungalow Style two/three bedroom cottage on a sunny and spacious lot with terrific outdoor space and ample parking. Open concept kitchen/dining room combination space, beautiful hardwood floors and a fantastic sunroom that could easily be converted into a third bedroom. This adorable property offers a fabulous mid-beach location along Moody and also has a deeded easement across the street from the property with direct access to the beach shared with just a few other homes. Easement provides access ONLY to the beach. Easement does not provide beach rights. This popular rental has been a consistent income producing property for the current owners. Keep it all to yourself or rent for part of the year to cover some expenses. Enjoy the cottage as-is or put your finishing touches on this appealing property with a new kitchen and bath. Large deck off of the kitchen allows for fantastic outdoor enjoyment with plenty of space for daytime or evening gatherings. There is also a substantial storage shed for beach toys and lawn and garden tools. Easy access to all of the area's many restaurants, galleries, shops and recreation. Only a 15 minute drive to the Kennebunks and just a ten minute drive to Ogunquit Square. The charming working waterfront cities of Portland and Portsmouth are just 45 and 30 minutes away. Great opportunity to be right across the street from one of the best beaches in Southern Maine!
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Disposal, Dishwasher
  • Other Equipment: Internet Access Available, Cable
  • Has Basement: Crawl Space, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Tile
  • Interior Amenities: 1st Floor Bedroom, Pantry
  • Bedroom 2 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Open, Level, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • 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: 4791.6
  • Parcel #: WLLS-000109-000000-000119
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 7290.0
  • Tax Lot: 119
  • Tax Year: 2023

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $7,437 $1,223,180 $1,054,550 $168,630
2023 $7,290 $1,223,180 $1,054,550 $168,630
2022 $6,074 $580,670 $489,600 $91,070
2021 $6,109 $580,670 $489,600 $91,070
2020 $5,691 $543,010 $489,600 $53,410
2019 $5,658 $543,010 $489,600 $53,410
2018 $5,503 $543,010 $489,600 $53,410
2017 $5,517 $543,010 $489,600 $53,410
2016 $5,463 $543,010 $489,600 $53,410
2015 $5,403 $543,010 $489,600 $53,410
2013 $4,539 $497,740 $445,100 $52,640
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2025 03/13/25 Price Changed $995,000 -12.6% $864 / Sq Ft
01/02/2025 01/02/25 For Sale $1,139,000 +100.2% $989 / Sq Ft
05/22/2015 05/22/15 Sold $569,025 -4.4% $494 / Sq Ft View Prior Sale
04/29/2015 04/29/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $595,500 -- $517 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: Maine Listings

MLS Number: 1611890

Maine Listings

APN: WLLS-000109-000000-000119