NOT LISTED FOR SALE

415 Ocean Ave Wells, ME 04090

Estimated Value: $2,088,000 - $4,043,000

3 Beds
4 Baths
3,675 Sq Ft
$850/Sq Ft Est. Value

Last Sold October 28, 2013

Last sale price $1,550,000 $422 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $18,527/month

Highlights

  • 50 Feet of Waterfront
  • Beach Access
  • Cape Cod Architecture
  • Wells Junior High School Rated A-
  • Country Club
  • Wood Flooring

About This Home

As of October 2013

Enjoy un obstructed ocean views on private Moody Beach! This well maintained ocean front duplex offers 7 bedrooms, 4 baths & plenty of parking. Use as a family compound or take advantage of the amazing rental history already in place!

Last Agent to Sell the Property

Donald Wunder

RE/MAX Realty One Listed on: 07/16/2013

Last Buyer's Agent

Steve Weigel

Y-Gull & Associates

Y-Gull & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,988

Year Built

  • Built in 1930

Lot Details

  • 6,970 Sq Ft Lot
  • 50 Feet of Waterfront
  • Ocean Front
  • Landscaped
  • Open Lot

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,675 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Nearby Water Access

Location

  • Property is near golf course

Utilities

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

Listing and Financial Details

  • Tax Lot 166
  • Assessor Parcel Number 415Ocean AvenueWells0109166

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • The community has rules related to deed restrictions

Recreation

  • Country Club

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,988

Year Built

Built in 1930

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: From Route 1 Wells head south toward Ogunquit. Turn left on Bourne, turn left on Ocean Ave. Property is on the right, ocean side
  • Above Grade Finished Sq Ft: 3675.0
  • Architectural Style: Cape
  • Building Stories: 2
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 421.77
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3675.0
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Exterior:Wood Siding: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Water Info:Waterfront Amount -: 50.0
  • Water Info:Water Frontage Owned -: 50.0
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Recreational Water:Beach Rights: Yes
  • Advertising Remarks:Advertising Remarks: Enjoy un obstructed ocean views on private Moody Beach! This well maintained ocean front duplex offers 7 bedrooms, 4 baths & plenty of parking. Use as a family compound or take advantage of the amazing rental history already in place!
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Daylight, Finished, Full, Walk-Out Access
  • Full Bathrooms: 4
  • Flooring: Wood, Tile, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Landscaped, Near Golf Course, Near Shopping, Neighborhood
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Furnace, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6969.6
  • Parcel #: 415Ocean AvenueWells0109166
  • Zoning: ocn ft mdl 01

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 11988.0
  • Tax Lot: 166
  • Tax Year: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2013
Closed on
Oct 29, 2013
Sold by
Lawrence C Manning Irt and Manning
Bought by
Giarusso David P
Seller's Agent
Donald Wunder
RE/MAX Realty One
Buyer's Agent
Steve Weigel
Y-Gull & Associates
List Price
$1,545,000
Sold Price
$1,550,000
Premium/Discount to List
$5,000
0.32%
Current Estimated Value
$3,124,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,574,595
Avg. Annual Appreciation
5.81%
Original Mortgage
$1,550,000
Outstanding Balance
$1,127,251
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,997,344
Source: Public Records
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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
Giarusso David P -- --
Giarusso David P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giarusso David P $1,550,000
Closed Giarusso David P $1,550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2013 10/28/13 Sold $1,550,000 +0.3% $422 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
07/16/2013 07/16/13 For Sale $1,545,000 -- $420 / Sq Ft
Source: Maine Listings

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
2025 $25,093 $3,884,440 $2,540,160 $1,344,280
2024 $23,617 $3,884,440 $2,540,160 $1,344,280
2023 $23,151 $3,884,440 $2,540,160 $1,344,280
2022 $24,006 $2,295,000 $1,375,150 $919,850
2021 $24,091 $2,290,000 $1,375,150 $914,850
2020 $23,999 $2,290,000 $1,375,150 $914,850
2019 $23,862 $2,290,000 $1,375,150 $914,850
2018 $23,633 $2,290,000 $1,375,150 $914,850
2017 $17,528 $1,725,220 $1,375,150 $350,070
2016 $15,858 $1,576,350 $1,375,150 $201,200
2015 $15,685 $1,576,350 $1,375,150 $201,200
2013 $14,222 $1,559,460 $1,375,150 $184,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1102060

Maine Listings

APN: WLLS-000109-000000-000166

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