NOT LISTED FOR SALE

340 Island Beach Rd Wells, ME 04090

Estimated Value: $1,889,000 - $4,054,000

3 Beds
3 Baths
3,840 Sq Ft
$747/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $1,500,000 $391 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $16,673/month

62 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Ocean Front
  • Country Club
  • Wells Junior High School Rated A-
  • Public Beach
  • Contemporary Architecture

About This Home

As of June 2020

Coveted Drakes Island...Enjoy this contemporary home on a corner lot with unobstructed views of the ocean and plenty of room for entertaining.

Set across the street from one of Southern Maine's prettiest beaches, this 3,840 sq. ft. home has 4 bedrooms, 3 full baths, open floor plan, updated kitchen with two dining areas along with large front and back porches and a detached 2 car garage with solarium.

Just outside your backyard, take a hike on the trails at Laudholm Farm or ride your bike to the Community House and play tennis, pickleball and basketball. Enjoy the playground or pick up the kids at the summer day camp where life longs friends are made.

Last Agent to Sell the Property

Jennifer Kerr

Pack Maynard and Associates Listed on: 03/11/2020

Last Buyer's Agent

Bette Schofield

Pack Maynard and Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,997

Year Built

  • Built in 1978

Lot Details

  • 0.46 Acre Lot
  • Ocean Front
  • Dirt Road
  • Public Beach
  • Landscaped
  • Corner Lot
  • Level Lot
  • Open Lot
  • Property is zoned RD

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Cathedral Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Home Gym
  • Water Views
  • Walk-Out Basement

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary bedroom located on second floor
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Radiant Heating System
  • Baseboard Heating
  • Oil Water Heater

Additional Features

  • Deeded Waterfront Access Rights
  • Property is near a golf course

Listing and Financial Details

  • Legal Lot and Block B / 71
  • Assessor Parcel Number WLLS-000142-000071-000000-B000000

Community Details

Overview

  • Drakes Island Improvement Association Subdivision

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,997

Year Built

Built in 1978

Lot Details

0

HOA Fees

$10 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.46
  • Road Surface Type: Gravel, Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Subdivision Name: Drakes Island Improvement Association
  • Directions: 95 North to Wells Exit #19, Route 109 to Route 1 North to Drakes Island Road on right. Follow Drakes Island Road to the end and turn left onto Island Beach Road. 340 Island Beach Road is the last house on the left.
  • Above Grade Finished Sq Ft: 1920.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Year Built: 1978
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.46
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1920.0
  • Property Information:SqFt Finished Below Grade: 1920.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Location Information:Association Fee: 125.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 2.0
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:_two_ Car: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Heat System:Multi-Zones: Yes
  • Heat System:Radiant: Yes
  • Location:Near Public Beach: Yes
  • Bonus Room:Bonus Room: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:Slab2: Yes
  • Living Room Amenities:Skylight31: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Room Features:Skylight32: Yes
  • Room Features:Wood Burning Fireplace29: Yes
  • Roads:GravelDirt: Yes
  • Recreational Water:Deeded: Yes
  • Heat Fuel:Gas Bottled: 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
  • Water Heater:Oil2: Yes
  • Living Room Amenities:Cathedral Ceiling5: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • Room Features:Heat Stove29: Yes
  • Location:Near Country Club: Yes
  • Kitchen Countertop:Solid Surface: Yes
  • Dining Room Amenities:Cathedral Ceiling15: Yes
  • Primary Bedroom Amenities:Cathedral Ceiling4: Yes
  • Exercise Room:Exercise Room: Yes
  • Family Room Amenities:Heat Stove9: Yes
  • Dining Room Amenities:Skylight16: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Has Basement: Walk-Out Access
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1920.0
  • Fireplaces: 1
  • Fireplace: Yes
  • Bedroom 2 Level: Second
  • Bedroom 4 Bedroom 4 Level: First
  • Dining Room Dining Room Level: Second
  • Kitchen Kitchen Level: Second
  • Living Room Living Room Level: Second
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Right of Way, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Garage Door Opener, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, Multi-Zones, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 125.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: Wells-Ogunquit CSD

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20037.6
  • Parcel #: WLLS-000142-000071-000000-B000000
  • Zoning: RD

Tax Info

  • Tax Annual Amount: 12997.0
  • Tax Block: 71
  • Tax Book Number: 18084
  • Tax Lot: B
  • Tax Map Number: 142
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Jun 26, 2020
Sold by
Anthony D Smith Ret and Smith
Bought by
Bradley William C and Bedula Alison A
Seller's Agent
Jennifer Kerr
Pack Maynard and Associates
Buyer's Agent
Bette Schofield
Pack Maynard and Associates
List Price
$1,745,000
Sold Price
$1,500,000
Premium/Discount to List
-$245,000
-14.04%
Current Estimated Value
$2,868,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,368,101
Avg. Annual Appreciation
13.11%
Original Mortgage
$500,000
Outstanding Balance
$444,190
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$2,423,911
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bradley William C -- None Available
Bradley William C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bradley William C $500,000
Closed Bradley William C $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2020 06/30/20 Sold $1,500,000 -14.0% $391 / Sq Ft
05/13/2020 05/13/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $1,745,000 -- $454 / 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
2024 $17,478 $2,874,710 $2,168,470 $706,240
2023 $17,133 $2,874,710 $2,168,470 $706,240
2022 $13,468 $1,287,610 $917,770 $369,840
2021 $13,510 $1,284,190 $917,770 $366,420
2020 $13,458 $1,284,190 $917,770 $366,420
2019 $13,282 $1,274,650 $917,770 $356,880
2018 $12,692 $1,259,370 $917,770 $341,600
2017 $12,648 $1,244,910 $917,770 $327,140
2016 $12,524 $1,244,910 $917,770 $327,140
2015 $12,387 $1,244,910 $917,770 $327,140
2013 $11,231 $1,231,510 $917,770 $313,740
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Kerr

    Seller's Agent in 2020

    Jennifer Kerr

    Pack Maynard and Associates

    (703) 577-7971

    5 in this area

    25 Total Sales

    Jennifer Kerr
    Section Image
  • Bette Schofield

    Buyer's Agent in 2020

    Bette Schofield

    Pack Maynard and Associates

    (207) 641-9553

    6 in this area

    56 Total Sales

    Bette Schofield
    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1446831

Maine Listings

APN: WLLS-000142-000071-000000-B000000

Maine York County Wells 04090

340 Island Beach Rd, Wells, ME

This home is located at 340 Island Beach Rd, Wells, ME 04090 since 11 March 2020 and is currently estimated at $2,868,101, approximately $746 per square foot. This property was built in 1978. 340 Island Beach Rd is a home located in York County with nearby schools including Wells Junior High School, Wells Elementary School, and Wells High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393

Nearby Homes