NOT LISTED FOR SALE

503 Ocean Ave Wells, ME 04090

Estimated Value: $2,076,000 - $3,534,000

4 Beds
3.5 Baths
2,872 Sq Ft
$984/Sq Ft Est. Value

Last Sold November 09, 2018

Last sale price $1,800,000 $627 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $16,569/month

237 Days on Market

Highlights

  • 38 Feet of Waterfront
  • Deck
  • 1 Fireplace
  • Wells Junior High School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of November 2018

Exceptional Moody Beach oceanfront property! Magnificently designed & beautifully built with upscale finishes & quality craftsmanship. This fine home was constructed by the area's premier seacoast builder. Spacious open concept living/dining room space with gorgeous built-in's & an impressive gas fireplace. Outstanding kitchen with stylish center island, custom cabinetry, elegant quartz counter tops, glass tile backsplash & high-end appliances. Two en suite bedrooms and two additional bedrooms offer plenty of room for friends and family. The entire third floor is dedicated to the master bedroom suite & is like no other! Exquisite custom built king size bed accompanied by impressive built-ins. Incredible master bath with more custom cabinetry, carrara marble counter tops and a stunning walk-in shower. Awesome outdoor space with three ocean side decks with amazing views up & down the coast. Walk the beach all the way to Ogunquit. Easy access to all of the area's major attractions.

Last Agent to Sell the Property

Peter LaRochelle

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Phone: 207-468-7335 Listed on: 02/03/2018

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Cathy Bame

Portside Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,615

Year Built

  • Built in 2013

Lot Details

  • 5,663 Sq Ft Lot
  • 38 Feet of Waterfront
  • Property is zoned RB

Home Design

  • Shingle Roof

Interior Spaces

  • 2,872 Sq Ft Home
  • 1 Fireplace
  • Water Views

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs

Outdoor Features

  • Deck
  • Shed

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Underground Utilities

Community Details

  • No Home Owners Association
  • Moody Beach Subdivision

Listing and Financial Details

  • Tax Lot 162
  • Assessor Parcel Number WLLS-000112-000000-000162

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,615

Year Built

Built in 2013

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Subdivision Name: Moody Beach
  • Directions: Route 1 to Eldridge Road to Ocean Avenue.
  • Above Grade Finished Sq Ft: 2872.0
  • Architectural Style: Shingle
  • Garage Yn: No
  • Year Built: 2013
  • Attribution Contact: 207-468-7335
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 626.74
  • Property Information:Seasonal: No
  • Water Info:Water View2: Yes
  • Dining Room:Dining Room: Dining Room
  • Living Room:Living Room: Living Room
  • Water Info:Waterfront Amount -: 38.0
  • Water Info:Water Frontage Owned -: 38.0
  • Den:Den: Den
  • Special Features: None

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • 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: Upper
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Waterfront: Yes
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Hot Air, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers, Underground
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: WLLS-000112-000000-000162
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 17615.0
  • Tax Lot: 162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2019
Sold by
Mark J Montesi Lt
Bought by
Ocean 503 Llc
Current Estimated Value
$2,825,754

Purchase Details

Listed on
Feb 3, 2018
Closed on
Nov 9, 2018
Sold by
Olson 3Rd Paul G
Bought by
Mark J Montesi Lt
Seller's Agent
Peter LaRochelle
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Cathy Bame
Portside Real Estate Group
List Price
$1,949,000
Sold Price
$1,800,000
Premium/Discount to List
-$149,000
-7.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Original Mortgage
$1,200,000
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2014
Sold by
Moody Richard & Sons Cons
Bought by
Olson 3Rd Paul G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,600
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 4, 2012
Closed on
Dec 10, 2012
Sold by
Desanctis Joyce R and Shultz Brian J
Bought by
Richard Moody & Sons Constr
Seller's Agent
Lori Wedge
Keller Williams Coastal and Lakes & Mountains Realty
Buyer's Agent
Peter LaRochelle
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$875,000
Sold Price
$625,000
Premium/Discount to List
-$250,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.99%
Original Mortgage
$1,240,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 4, 2012
Closed on
Nov 30, 2012
Sold by
Owb Reo Llc
Bought by
Richard Moody & Sons Const
Seller's Agent
Lori Wedge
Keller Williams Coastal and Lakes & Mountains Realty
Buyer's Agent
Peter LaRochelle
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$875,000
Sold Price
$625,000
Premium/Discount to List
-$250,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2012
Sold by
Onewest Bank Fsb and Mackey
Bought by
Owb Reo Llc

Purchase Details

Closed on
Oct 31, 2011
Sold by
Mackey William and Onewest Bank Fsb
Bought by
Onewest Bank Fsb
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
Ocean 503 Llc -- --
Ocean 503 Llc -- --
Ocean 503 Llc -- --
Mark J Montesi Lt -- --
Mark J Montesi Lt -- --
Mark J Montesi Lt -- --
Olson 3Rd Paul G -- --
Olson 3Rd Paul G -- --
Richard Moody & Sons Constr -- --
Richard Moody & Sons Constr -- --
Richard Moody & Sons Const -- --
Richard Moody & Sons Const -- --
Owb Reo Llc -- --
Owb Reo Llc -- --
Onewest Bank Fsb $1,051,000 --
Onewest Bank Fsb $1,051,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mark J Montesi Lt $1,200,000
Previous Owner Olson 3Rd Paul G $131,600
Previous Owner Richard Moody & Sons Const $1,240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2022 11/05/22 Off Market $1,800,000 -- --
11/09/2018 11/09/18 Sold $1,800,000 -7.6% $627 / Sq Ft
09/28/2018 09/28/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $1,949,000 +211.8% $679 / Sq Ft
11/28/2012 11/28/12 Sold $625,000 -28.6% $443 / Sq Ft View Prior Sale
11/08/2012 11/08/12 Pending -- -- --
02/04/2012 02/04/12 For Sale $875,000 -- $620 / 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 $20,457 $3,166,760 $2,415,000 $751,760
2024 $19,254 $3,166,760 $2,415,000 $751,760
2023 $18,874 $3,166,760 $2,415,000 $751,760
2022 $18,318 $1,751,220 $1,306,660 $444,560
2021 $18,423 $1,751,220 $1,306,660 $444,560
2020 $18,353 $1,751,220 $1,306,660 $444,560
2019 $18,245 $1,750,970 $1,306,660 $444,310
2018 $17,746 $1,750,970 $1,306,660 $444,310
2017 $17,790 $1,750,970 $1,306,660 $444,310
2016 $17,615 $1,750,970 $1,306,660 $444,310
2015 $17,422 $1,750,970 $1,306,660 $444,310
2013 $11,917 $1,306,660 $1,306,660 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1337556

Maine Listings

APN: WLLS-000112-000000-000162

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