NOT LISTED FOR SALE

42 Ocean Ave Wells, ME 04090

Estimated Value: $1,302,000 - $2,287,675

3 Beds
2 Baths
1,440 Sq Ft
$1,189/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $1,600,000 $1,111 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,194/month

Highlights

  • Deeded Waterfront Access Rights
  • 120 Feet of Waterfront
  • Deck
  • Wells Junior High School Rated A-
  • Cape Cod Architecture
  • Cathedral Ceiling

About This Home

As of June 2021

Location, Location, Location!! Enjoy The Best Of Both Worlds. Direct Private Frontage on the Ogunquit River where you can Moor your Boat with access to the open Ocean, Fish for Stripers or go kayaking. Spectacular Ocean, River, Marsh , Wildlife Views and Sunsets second to none. This Furnished Year Round Property also comes with a Deeded Right of Way and complete Beach rights on 70 feet of private beach on the Southern End of Private Moody Beach . The Open Floor Plan Features 7 Sun Filled Rooms All With Water Views, 3 Bedrooms , 2 Full Baths, Large Open Living Room, Central Air, a Private Rear Deck overlooking the River and Marsh. Wonderful Home in a Spectacular Location.

Last Agent to Sell the Property

Steve Weigel

Coldwell Banker Y-Gull & Associates Listed on: 05/29/2021

Coldwell Banker Y-Gull & Associates

Last Buyer's Agent

Steve Weigel

Coldwell Banker Y-Gull & Associates Listed on: 05/29/2021

Coldwell Banker Y-Gull & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,330

Year Built

  • Built in 1985

Lot Details

  • 4,356 Sq Ft Lot
  • 120 Feet of Waterfront
  • Ocean Front
  • Near Conservation Area
  • Landscaped
  • Open Lot
  • Property is zoned RB

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 1,440 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Skylights
  • Living Room
  • Dining Room
  • Home Security System

Kitchen

  • Electric Range
  • Stove
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Roll-in Shower
  • Accessible Approach with Ramp

Outdoor Features

  • Deeded Waterfront Access Rights
  • Beach Access
  • Nearby Water Access
  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Radiator
  • Heating System Uses Propane
  • Pellet Stove burns compressed wood to generate heat
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number WLLS-000103-000000-000054

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,330

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: RT. 1 FROM OGUNQUIT TURN RIGHT AT THE FIRST SET OF LIGHTS ON BOURNE AVE/ AT THE END TURN RIGHT ON OCEAN AVE/ 42 OCEAN AVE IS ON THE RIGHT BORDERING THE OGUNQUIT RIVER
  • Above Grade Finished Sq Ft: 1440.0
  • Architectural Style: Cape, Other Style
  • Garage Yn: No
  • Year Built: 1985
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1440.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Tile2: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Security System: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Floors:Laminate: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Basement:Crawl Space: Yes
  • Amenities:_one_st Floor Primary Bedroom wBath: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Room Features:Skylight32: Yes
  • Water Info:Waterfront Amount -: 120.0
  • Water Info:Water Frontage Owned -: 50.0
  • Water Info:Water Frontage Shared -: 70.0
  • Recreational Water:Deeded: Yes
  • Equipment:Internet Access Available: Yes
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • Room Features:Heat Stove29: Yes
  • View:Scenic: Yes
  • Amenities:Furniture Included: Yes
  • Heat System:Radiator: Yes
  • Location:Abuts Conservation: Yes
  • Accessibilitiy Amenities:Ramped Main Level: Yes
  • Living Room Amenities:Heat Stove5: Yes
  • Dining Room Amenities:Cathedral Ceiling15: Yes
  • Washer/Dryer Other Location: Yes
  • Heat Fuel:Pellets: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Basement Entry:Exterior Only: Yes
  • Recreational Water:Beach Rights: Yes
  • Accessibilitiy Amenities:Roll-in Shower: Yes
  • Dining Room Amenities:Skylight16: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Disposal, Dishwasher
  • Accessibility Features: Accessible Approach with Ramp, Roll-in Shower
  • Has Basement: Crawl Space, Exterior Only
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Primary Bedroom w/Bath, Other
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Open Lot, Landscaped, Abuts Conservation, Other
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Deck
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Radiator, Multi-Zones, Forced Air, Direct Vent Furnace, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: WLLS-000103-000000-000054
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 7330.0
  • Tax Book Number: 16887
  • Tax Lot: 54
  • Tax Map Number: 103
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2021
Closed on
Jun 28, 2021
Sold by
Rougeau Pierre and Levasseur Monic
Bought by
Serino Debra J and Zaremba Jean M
Seller's Agent
Steve Weigel
Coldwell Banker Y-Gull & Associates
Buyer's Agent
Steve Weigel
Coldwell Banker Y-Gull & Associates
List Price
$1,395,000
Sold Price
$1,600,000
Premium/Discount to List
$205,000
14.7%
Current Estimated Value
$1,712,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,225
Avg. Annual Appreciation
1.21%
Original Mortgage
$1,280,000
Outstanding Balance
$1,173,916
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$505,895

Purchase Details

Closed on
Oct 28, 2005
Sold by
Bush Frances E Est and Kelley
Bought by
Donahue Darcy J and Donahue Timothy J
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
Serino Debra J -- None Available
Donahue Darcy J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Serino Debra J $1,280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2021 06/28/21 Sold $1,600,000 +14.7% $1,111 / Sq Ft
05/30/2021 05/30/21 Pending -- -- --
05/29/2021 05/29/21 For Sale $1,395,000 +76.1% $969 / Sq Ft
09/08/2014 09/08/14 Sold $792,000 -16.6% $550 / Sq Ft
05/29/2014 05/29/14 Pending -- -- --
05/21/2014 05/21/14 For Sale $950,000 -- $660 / 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
2023 $8,856 $1,485,840 $1,207,180 $278,660
2022 $7,448 $712,070 $560,580 $151,490
2021 $7,400 $703,460 $560,580 $142,880
2020 $7,372 $703,460 $560,580 $142,880
2019 $7,330 $703,460 $560,580 $142,880
2018 $7,260 $703,460 $560,580 $142,880
2017 $7,147 $703,460 $560,580 $142,880
2016 $7,077 $703,460 $560,580 $142,880
2015 $7,648 $768,630 $648,990 $119,640
2013 $5,269 $577,760 $458,120 $119,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1493928

Maine Listings

APN: WLLS-000103-000000-000054