NOT LISTED FOR SALE

349 Atlantic Ave Wells, ME 04090

Estimated Value: $885,000 - $1,169,000

4 Beds
2 Baths
1,749 Sq Ft
$576/Sq Ft Est. Value

Last Sold February 26, 2020

Last sale price $800,000 $457 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,703/month

2 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Property is near public transit
  • Wells Junior High School Rated A-
  • Country Club
  • No HOA

About This Home

As of February 2020

Fantastic opportunity at Wells Beach! Two-family home on the east side of Atlantic Avenue offering terrific ocean views. Four bedrooms total with two bedrooms and one bath in each unit. Spacious living and dining areas with updated kitchens and generously sized bedrooms. New vinyl siding makes the exterior maintenance free. Lots of options with this great property! Use one side and rent the other or rent both for the peak weeks of the summer and enjoy in the off season. Fabulous rental income with years of repeat clientele. Located on a great part of the beach with ample parking. Move-in condition and ready for your enjoyment! Just a mile to the grocery store and easy access to all of the areas amenities including shops, restaurants and recreation. Just fifteen minutes to Kennebunkport and ten minutes to Ogunquit.

Last Agent to Sell the Property

Peter LaRochelle

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Phone: 207-468-7335 Listed on: 01/10/2020

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Peter LaRochelle

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Phone: 207-468-7335 Listed on: 01/10/2020

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,545

Year Built

  • Built in 1952

Lot Details

  • 2,614 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Seasonal Access to Property
  • Level Lot
  • Open Lot

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cottage
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,749 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Basement

  • Doghouse Basement Entry
  • Exterior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

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

Utilities

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

Listing and Financial Details

  • Tax Lot 111
  • Assessor Parcel Number WLLS-000128-000000-000111

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,545

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: Route 1 to Mile Road and then left onto Atlantic Avenue
  • Above Grade Finished Sq Ft: 1749.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1952
  • Attribution Contact: 207-468-7335
  • Location Information:Leased Land: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.06
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1749.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Crawl Space: Yes
  • Property Information:Short Sale Continue to Show: No
  • Style:Cottage: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Heat System:Direct Vent Heater: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Transportation:Rail Available: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Doghouse, Exterior Only
  • Full Bathrooms: 2
  • Flooring: Vinyl, Tile, Carpet
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block
  • Roof: Shingle

Garage/Parking

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

Utilities

  • 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: 2613.6
  • Parcel #: WLLS-000128-000000-000111
  • Zoning: RB

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4545.0
  • Tax Book Number: 17077
  • Tax Lot: 111
  • Tax Map Number: 128
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Feb 25, 2020
Sold by
Kane Cheryl
Bought by
Thelen Heejin and Thelen Daniel W
Seller's Agent
Peter LaRochelle
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Peter LaRochelle
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$839,000
Sold Price
$800,000
Premium/Discount to List
-$39,000
-4.65%
Current Estimated Value
$1,007,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,811
Avg. Annual Appreciation
4.16%
Original Mortgage
$640,000
Outstanding Balance
$567,881
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$439,930

Purchase Details

Closed on
Aug 13, 2015
Sold by
Kane Cheryl and Kane Robert M
Bought by
Kane Cheryl

Purchase Details

Closed on
Jun 25, 2010
Sold by
Kane Cheryl
Bought by
Kane Robert M and Kane Cheryl
Source: Public Records

Range of Values:

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List Price
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
Thelen Heejin -- None Available
Thelen Heejin -- None Available
Kane Cheryl -- --
Kane Cheryl -- --
Kane Robert M -- --
Kane Robert M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thelen Heejin $640,000
Closed Thelen Heejin $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2022 11/05/22 Off Market $800,000 -- --
02/26/2020 02/26/20 Sold $800,000 -4.6% $457 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $839,000 -- $480 / 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 $4,999 $822,230 $562,130 $260,100
2023 $4,900 $822,230 $562,130 $260,100
2022 $4,827 $461,490 $329,750 $131,740
2021 $4,843 $460,320 $329,750 $130,570
2020 $4,615 $440,370 $329,750 $110,620
2019 $4,589 $440,370 $329,750 $110,620
2018 $4,458 $440,370 $329,750 $110,620
2017 $4,464 $439,330 $329,750 $109,580
2016 $4,420 $439,330 $329,750 $109,580
2015 $4,371 $439,330 $329,750 $109,580
2013 -- $439,330 $329,750 $109,580
Source: Public Records

Agents Affiliated with this Home

  • Peter LaRochelle

    Seller's Agent in 2020

    Peter LaRochelle

    Better Homes & Gardens Real Estate/The Masiello Group

    (207) 468-7335

    61 in this area

    82 Total Sales

    Peter LaRochelle
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Map

Source: Maine Listings

MLS Number: 1442205

Maine Listings

APN: WLLS-000128-000000-000111

Maine York County Wells 04090

349 Atlantic Ave, Wells, ME

This home is located at 349 Atlantic Ave, Wells, ME 04090 since 10 January 2020 and is currently estimated at $1,007,811, approximately $576 per square foot. This property was built in 1952. 349 Atlantic Ave 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.
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