NOT LISTED FOR SALE

404 Ocean Ave Unit 5 Wells, ME 04090

Wells Area

Estimated Value: $284,000 - $360,814

1 Bed
1 Bath
480 Sq Ft
1,742 Sq Ft Lot

Sale Details

Date Sold: November 20, 2020

Last sale price $245,900 $512 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,196 / mo

7 Days on Market

Highlights

  • Ocean Front
  • Nearby Water Access
  • Scenic Views
  • Wells Junior High School Rated A-
  • Country Club
  • Property is near golf course, public transit, and shops

About This Home

As of November 2020

Your beach town getaway awaits! Whether you are looking for a vacation spot for yourself, or a great investment property, this condo just might be the one! Just steps to public way #2 for Moody Beach access. This 1 bed, 1 bath condo has a strong rental history and is in a quaint 7 unit complex. Hear and smell the ocean from your front patio! This is a year round property with NO 28 Day rule. 2 parking spaces included.

Last Agent to Sell the Property

Jeffrey Mateja

Keller Williams Realty Listed on: 09/22/2020

Keller Williams Realty

Co-Listed By

Luke Morris

Keller Williams Realty

Last Buyer's Agent

Steve Weigel

Y-Gull & Associates

Y-Gull & Associates
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

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,665

Year Built

  • Built in 1960

Lot Details

  • Ocean Front
  • Landscaped
  • Open Lot

HOA Fees

  • $196 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 480 Sq Ft Home
  • Multi-Level Property
  • Scenic Vista Views

Kitchen

  • Electric Range
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Basement

  • Exterior Basement Entry
  • Dirt Floor
  • Crawl Space

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access
  • Property is near a beach
  • Patio

Location

  • Property is near golf course, public transit, and shops

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 131-5
  • Assessor Parcel Number WLLS-000109-000131-000000-000005

Community Details

Overview

  • 7 Units
  • Soft Sands Resort Condominiums Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Country Club

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,665

Year Built

Built in 1960

Lot Details

1,742 Sq Ft Lot

HOA Fees

$196 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.04
  • Road Surface Type: Paved
  • Co List Office Phone: 207-553-2605
  • MLS Status: Closed
  • Subdivision Name: Soft Sands Resort Condominiums
  • Above Grade Finished Sq Ft: 480.0
  • Architectural Style: Multi-Level, Other Style
  • Garage Yn: No
  • Year Built: 1960
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 520.63
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.04
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 480.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Electric Range: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 588.6
  • Location Information:Fee Frequency Paid: Quarterly
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 7
  • Water Heater:Electric2: Yes
  • Gas:No Gas: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Basement:Crawl Space: Yes
  • Basement:Dirt Floor: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Yes
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Basement Entry:Exterior Only: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Has Basement: Dirt Floor, Crawl Space, Exterior Only
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Public Transit
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 588.6
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1742.4
  • Parcel #: WLLS-000109-000131-000000-000005
  • Zoning: RB

Multi Family

  • Number Of Units In Community: 7

Tax Info

  • Tax Annual Amount: 1665.0
  • Tax Lot: 131-5
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2023
Sold by
Kelleher Mary J and Kelleher Kevin B
Bought by
Current Estimated Value
$331,704

Purchase Details

Listed on
Sep 22, 2020
Closed on
Nov 20, 2020
Sold by
Palermo David F and Palermo Lisa M
Bought by
Kelleher Mary J and Kelleher Kevin B
Seller's Agent
Jeffrey Mateja
Keller Williams Realty
Buyer's Agent
Steve Weigel
Y-Gull & Associates
List Price
$249,900
Sold Price
$245,900
Premium/Discount to List
-$4,000
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$196,720
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Wells, ME

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Kelleher Mary J -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner -- $196,720
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/20/2020 11/20/20 Sold $245,900 -1.6% $512 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $249,900 -- $521 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,148 $332,520 $264,780 $67,740
2024 $2,022 $332,520 $264,780 $67,740
2023 $1,982 $332,520 $264,780 $67,740
2022 $1,722 $164,610 $120,370 $44,240
2021 $1,732 $164,610 $120,370 $44,240
2020 $1,675 $159,790 $120,370 $39,420
2019 $1,665 $159,790 $120,370 $39,420
2018 $1,619 $159,790 $120,370 $39,420
2017 $1,623 $159,790 $120,370 $39,420
2016 $1,607 $159,790 $120,370 $39,420
2015 $1,590 $159,790 $120,370 $39,420
2013 $1,435 $157,330 $120,370 $36,960
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1469847

Maine Listings

APN: WLLS-000109-000131-000000-000005

Your Personal Tour Guide

Ask me questions while you tour the home.