NOT LISTED FOR SALE

425 Ocean Ave Wells, ME 04090

Estimated Value: $2,476,000 - $3,673,000

4 Beds
3 Baths
3,018 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $2,476,000 $820 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $17,602/month

Highlights

  • 50 Feet of Waterfront
  • Public Beach
  • Wood Flooring
  • Wells Junior High School Rated A-
  • Colonial Architecture
  • Main Floor Bedroom

About This Home

As of September 2021

A beach house with a view is nothing new... But I guarantee you have never experienced the ocean like this before! The 4 bedrooms and open style layout of this 3,000 square foot beach home will ensure your life has plenty of free space and natural light to spark your next brilliant idea. The top-quality materials and finishings found throughout this 2007 waterfront masterpiece will create a luxurious experience during every occasion... even coffee. Do long walks on sandy beaches and quiet nights listening to the waves crashing on shore sounds like the ideal environment for you? Then please don't miss this rare opportunity at 425 Ocean Avenue in Wells, Maine. *** Located just 45 minutes to Portland and 1.5 hours to Boston. ***

Last Agent to Sell the Property

Jeremy Frantz

Keller Williams Realty Listed on: 09/15/2021

Last Buyer's Agent

Jeremy Frantz

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,320

Year Built

  • Built in 2007

Lot Details

  • 6,970 Sq Ft Lot
  • 50 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Landscaped
  • Level Lot
  • Property is zoned RB & SO

Parking

  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Steel Frame
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 3,018 Sq Ft Home
  • 1 Fireplace
  • Living Room
  • Den
  • Water Views
  • Stove

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Hot Water Heating System
  • Generator Hookup
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 163
  • Assessor Parcel Number WLLS-000109-000000-000163

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,320

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: From Route 1, Turn right onto Furbish, Drive to end of road, House directly across.
  • Above Grade Finished Sq Ft: 3018.0
  • Architectural Style: Contemporary, Colonial
  • Garage Yn: No
  • Year Built: 2007
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 828.36
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3018.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat System:Stove: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Heat System:Heat Pump: Yes
  • Cooling:Heat Pump3: Yes
  • Cooling:Central Air: Yes
  • Living Room:Living Room: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Style:Colonial: Yes
  • Roof:Pitched: Yes
  • Water Info:Waterfront Amount -: 50.0
  • Water Info:Water Frontage Owned -: 50.0
  • Site:RollingSloping: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Water Heater:Tank: Yes
  • Electric:Generator Hookup: Yes
  • Den:Den: Yes
  • Construction:Steel Frame: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Third
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Rolling Slope, Landscaped, Near Public Beach, Near Shopping
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Steel Frame, Wood Frame
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other, Off Street

Utilities

  • Cooling: Heat Pump, Central Air
  • Cooling Y N: Yes
  • Heating: Stove, Multi-Zones, Hot Water, Heat Pump
  • Heating Yn: Yes
  • Electric: Generator Hookup, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6969.6
  • Parcel #: WLLS-000109-000000-000163
  • Zoning: RB & SO

Tax Info

  • Tax Annual Amount: 19320.0
  • Tax Lot: 163
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2021
Closed on
Sep 15, 2021
Sold by
M J Oconnell Ret
Bought by
Sea Esta Llc
Seller's Agent
Jeremy Frantz
Keller Williams Realty
Buyer's Agent
Jeremy Frantz
Coldwell Banker Realty
List Price
$2,500,000
Sold Price
$2,476,000
Premium/Discount to List
-$24,000
-0.96%
Current Estimated Value
$3,044,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$568,344
Avg. Annual Appreciation
5.07%
Original Mortgage
$1,980,800
Outstanding Balance
$1,791,712
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,252,632

Purchase Details

Closed on
Oct 6, 2006
Sold by
Serio Lillian B and Serio Frank
Bought by
Oconnell Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sea Esta Llc -- None Available
Sea Esta Llc -- None Available
Sea Esta Llc -- None Available
Oconnell Michael J -- --
Oconnell Michael J -- --
Oconnell Michael J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sea Esta Llc $1,980,800
Closed Sea Esta Llc $1,980,800
Previous Owner Oconnell Michael J $1,487,300
Previous Owner Oconnell Michael J $1,190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2021 09/15/21 Sold $2,476,000 -1.0% $820 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $2,500,000 -- $828 / 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 $19,624 $3,227,660 $2,549,610 $678,050
2023 $18,939 $3,177,700 $2,549,610 $628,090
2022 $20,281 $1,938,870 $1,378,820 $560,050
2021 $20,397 $1,938,870 $1,378,820 $560,050
2020 $19,320 $1,843,490 $1,378,820 $464,670
2019 $19,187 $1,841,410 $1,378,820 $462,590
2018 $18,535 $1,832,740 $1,378,820 $453,920
2017 $18,621 $1,832,740 $1,378,820 $453,920
2016 $18,356 $1,824,670 $1,378,820 $445,850
2015 $18,155 $1,824,670 $1,378,820 $445,850
2013 $16,598 $1,820,000 $1,378,820 $441,180
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeremy Frantz

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1508973

Maine Listings

APN: WLLS-000109-000000-000163

Maine York County Wells 04090

425 Ocean Ave, Wells, ME

Not Listed for Sale

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