NOT LISTED FOR SALE

46 Eastern Ave Wells, ME 04090

Estimated Value: $765,000 - $1,106,000

2 Beds
1 Bath
532 Sq Ft
$1,808/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $350,000 $658 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $5,437/month

98 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Beach Access
  • Main Floor Bedroom
  • Wells Junior High School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of October 2020

Your Chance to own a waterfront cottage at a price you will not see again. This 2 Bedroom cottage Borders Wells Harbor and at High Tide you have water up to your back yard/ Enjoy Unobstructed Panoramic water and wild life views from your porch. Kayak and boat from your back yard. With the cottage in need of a total renovation you can turn this gem in the rough into something as nice as you want with tons of room for sweat equity. Rework the Floor Plan and make this cottage as nice as you want. This property is all about location and potential.

Last Agent to Sell the Property

Steve Weigel

Y-Gull & Associates Listed on: 06/03/2020

Y-Gull & Associates

Last Buyer's Agent

Stephen Foglio

Conant House Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,962

Year Built

  • Built in 1922

Lot Details

  • 3,920 Sq Ft Lot
  • 50 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Seasonal Access to Property
  • Level Lot
  • Open Lot
  • Property is zoned RB

Property Views

  • Water
  • Scenic Vista

Home Design

  • Camp Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 532 Sq Ft Home
  • Living Room
  • Wood Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Basement

  • Exterior Basement Entry
  • Dirt Floor
  • Crawl Space

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Access to Tidal Water
  • Nearby Water Access
  • Porch

Location

  • Property is near a golf course

Utilities

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

Community Details

  • No Home Owners Association
  • Near Conservation Area

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number WLLS-000128-000000-000013

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,962

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • Water Body Name: Wells
  • MLS Status: Closed
  • Directions: Route 1 North from Ogunquit/ At the 4th set of lights turn right on Mile Road (Billy's Chowder House) at the end turn left on Atlantic Ave/ Left on Bosin Street/ Right on Eastern/ Property on the Left Bordering the Harbor.
  • Above Grade Finished Sq Ft: 532.0
  • Architectural Style: Camp
  • Garage Yn: No
  • Year Built: 1922
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 732.89
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 532.0
  • Property Information:Garage: No
  • 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
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Gas:No Gas: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Basement:Dirt Floor: Yes
  • Roof:Pitched: Yes
  • Recreational Water:Nearby: Yes
  • Water Info:Waterfront Amount -: 50.0
  • Water Info:Water Frontage Owned -: 50.0
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Style:Camp: Yes
  • View:Scenic: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Location:Abuts Conservation: Yes
  • Basement Entry:Exterior Only: Yes
  • Recreational Water:Beach Rights: Yes
  • Heat System:No Heat System: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Has Basement: Dirt Floor, Crawl Space, Exterior Only
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Abuts Conservation, Near Golf Course, Near Shopping
  • View: Scenic
  • Waterfront Features: Harbor
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Porch
  • Roof: Pitched, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: No Heat System
  • 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: 3920.4
  • Parcel #: WLLS-000128-000000-000013
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 3962.0
  • Tax Lot: 13
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2020
Closed on
Oct 7, 2020
Sold by
Morgan Kathleen T and Hall Ritchie
Bought by
Mcleod Scott D and Mcleod Debra J
Seller's Agent
Steve Weigel
Y-Gull & Associates
Buyer's Agent
Stephen Foglio
Conant House Realty
List Price
$389,900
Sold Price
$350,000
Premium/Discount to List
-$39,900
-10.23%
Current Estimated Value
$961,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$611,889
Avg. Annual Appreciation
21.60%
Original Mortgage
$560,000
Outstanding Balance
$495,833
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$466,056

Purchase Details

Closed on
Jan 4, 2007
Sold by
Hall Bessie V and Hall Frank P
Bought by
Barnes Ariane and Jodoin Virginia C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcleod Scott D -- None Available
Mcleod Scott D -- None Available
Mcleod Scott D -- None Available
Barnes Ariane -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcleod Scott D $560,000
Closed Mcleod Scott D $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2020 10/07/20 Sold $350,000 -10.2% $658 / Sq Ft
06/14/2020 06/14/20 Pending -- -- --
03/07/2020 03/07/20 For Sale $389,900 -- $733 / 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 $4,708 $774,410 $539,520 $234,890
2023 $3,216 $539,520 $539,520 $0
2022 $4,041 $386,370 $351,560 $34,810
2021 $4,065 $386,370 $351,560 $34,810
2020 $4,025 $384,050 $351,560 $32,490
2019 $4,002 $384,050 $351,560 $32,490
2018 $1,982 $384,050 $351,560 $32,490
2017 $3,902 $384,050 $351,560 $32,490
2016 $3,864 $384,050 $351,560 $32,490
2015 $3,821 $384,050 $351,560 $32,490
2013 $3,503 $384,050 $351,560 $32,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1446486

Maine Listings

APN: WLLS-000128-000000-000013