NOT LISTED FOR SALE

371 Atlantic Ave Wells, ME 04090

Estimated Value: $1,357,000 - $1,952,000

3 Beds
1 Bath
1,149 Sq Ft
$1,375/Sq Ft Est. Value

Last Sold August 15, 2018

Last sale price $850,000 $740 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $9,181/month

60 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Public Beach
  • Ranch Style House
  • Wells Junior High School Rated A-
  • Property is near public transit
  • 1 Fireplace

About This Home

As of August 2018

Outstanding oceanfront home with front to back breathtaking water views from almost every room. Convenient single floor living drenched with sunlight and fresh ocean air. Boating, kayaking, fishing, swimming, surfing.. Many choices on the highly desirable Wells Beach! Year round, 3 bedroom, 1 full bath Ranch/Cottage boasting an open concept design making it ideal for entertaining family and friends. Enjoy modern amenities with the charm and character of yesteryear. Many updates to include, kitchen, bath, flooring, roof, siding, and windows. Large pantry for all your kitchen needs. View perfect sunsets from one of two patios. Gas fireplace for those chilly nights or when ambience is desired. Mini-Split in living room provides cooling on those warm summer days. Enjoy beachfront living year round or choose to rent and generate thousands weekly.

Last Agent to Sell the Property

Jeffrey Rioux

Kennebunk Beach Realty Listed on: 04/26/2018

Last Buyer's Agent

Jeffrey Rioux

Kennebunk Beach Realty Listed on: 04/26/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,450

Year Built

  • Built in 1936

Lot Details

  • 4,792 Sq Ft Lot
  • 50 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Level Lot
  • Open Lot
  • Property is zoned Oceanfront

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,149 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Water Views

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number 371AtlanticAveWellsMe04090

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,450

Year Built

Built in 1936

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 Ocean
  • MLS Status: Closed
  • Directions: Head south on US-1 S, Turn left onto Mile Rd. 0.9 miles, Turn left onto Atlantic Ave. Home will be on the right approx. 0.9 miles.
  • Above Grade Finished Sq Ft: 1149.0
  • Architectural Style: Ranch
  • Year Built: 1936
  • 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: 1.0
  • Property Information:SqFt Finished Above Grade: 1149.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Stove: 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
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Style:Ranch: Yes
  • Location:Near Public Beach: Yes
  • Water Info:Waterfront Amount -: 50.0
  • Water Info:Water Frontage Owned -: 50.0
  • Driveway:Gravel: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Water Heater:Tank: Yes
  • Laundry Room:Laundry Room: Yes
  • Location:Near Railroad: 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: Full, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 1:Bedroom 1 Level: First
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Retail Strip, Near Railroad
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Stove, Heat Pump, Forced Air, Hot Air
  • 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 #: 371AtlanticAveWellsMe04090
  • Zoning: Oceanfront

Tax Info

  • Tax Annual Amount: 10450.0
  • Tax Book Number: 2840
  • Tax Lot: 105
  • Tax Map Number: 0128
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2018
Closed on
Aug 16, 2018
Sold by
Black Carole A and Black Robert E
Bought by
Scanlon Thomas J and Scanlon Holly A
Seller's Agent
Jeffrey Rioux
Kennebunk Beach Realty
Buyer's Agent
Jeffrey Rioux
Kennebunk Beach Realty
List Price
$995,000
Sold Price
$850,000
Premium/Discount to List
-$145,000
-14.57%
Current Estimated Value
$1,579,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$729,356
Avg. Annual Appreciation
8.97%
Original Mortgage
$600,000
Outstanding Balance
$445,580
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,133,776
Source: Public Records

Range of Values:

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Average Value
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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
Scanlon Thomas J -- --
Scanlon Thomas J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scanlon Thomas J $600,000
Closed Scanlon Thomas J $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2018 08/15/18 Sold $850,000 -14.6% $740 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
04/26/2018 04/26/18 For Sale $995,000 -- $866 / 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 $10,779 $1,772,900 $1,597,660 $175,240
2023 $10,566 $1,772,900 $1,597,660 $175,240
2022 $11,172 $1,068,030 $969,760 $98,270
2021 $11,161 $1,060,930 $969,760 $91,170
2020 $11,119 $1,060,930 $969,760 $91,170
2019 $10,637 $1,020,850 $969,760 $51,090
2018 $10,193 $1,020,850 $969,760 $51,090
2017 $10,372 $1,020,850 $969,760 $51,090
2016 $10,270 $1,020,850 $969,760 $51,090
2015 $10,157 $1,020,850 $969,760 $51,090
2013 $9,310 $1,020,850 $969,760 $51,090
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jeffrey Rioux

    Kennebunk Beach Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1346595

Maine Listings

APN: WLLS-000128-000000-000105

Maine York County Wells 04090

371 Atlantic Ave, Wells, ME

This home is located at 371 Atlantic Ave, Wells, ME 04090 since 26 April 2018 and is currently estimated at $1,579,356, approximately $1,374 per square foot. This property was built in 1936. 371 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.

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