NOT LISTED FOR SALE

503 Ocean Ave Wells, ME 04090

Estimated Value: $2,356,000 - $3,676,000

4 Beds
3.5 Baths
2,872 Sq Ft
$1,050/Sq Ft Est. Value

Last Sold November 09, 2018

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

Est. 68% increase in value since last sale

Current estimated payment $17,426/month

237 Days on Market

Highlights

  • 38 Feet of Waterfront
  • Public Beach
  • Deck
  • Wells Junior High School Rated A-
  • Country Club
  • Property is near public transit

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

Coldwell Banker Realty

Coldwell Banker Realty

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
  • Ocean Front
  • Public Beach
  • Level Lot
  • Open Lot
  • Property is zoned RB

Home Design

  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 2,872 Sq Ft Home
  • Built-In Features
  • Vaulted Ceiling
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Den
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Shed

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Water Heated On Demand
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • Moody Beach Subdivision

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,615

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • 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 Style
  • Garage Yn: No
  • Year Built: 2013
  • Attribution Contact: 207-468-7335
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 626.74
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2872.0
  • 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
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:Gas: Yes
  • Water Heater:On Demand: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Tankless: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Dining Room:Dining Room: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Kitchen Amenities:Island: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Primary Bedroom Amenities:Walk-in Closet6: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Appliances Included:Cooktop: Yes
  • Appliances Included:Wall Oven: Yes
  • Bedroom 1 Amenities:Full Bath: Yes
  • Recreational Water:Oceanfront: Yes
  • Primary Bedroom Amenities:Double Vanities6: Yes
  • Water Info:Waterfront Amount -: 38.0
  • Water Info:Water Frontage Owned -: 38.0
  • Dining Room Amenities:Dining Area: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Appliances Included:Gas Range: Yes
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Kitchen Countertop:Quartz: Yes
  • Den:Den: Yes
  • Primary Bedroom Amenities:BalconyDeck6: Yes
  • Location:Near Railroad: Yes
  • Electric:Underground: Yes
  • Style:Shingle Style: Yes
  • Transportation:Rail Available: Yes
  • Primary Bedroom Amenities:Vaulted Ceiling15: Yes
  • Living Room Amenities:Gas Fireplace5: Yes
  • Living Room Amenities:Built-Ins14: Yes
  • Primary Bedroom Amenities:Built-Ins15: Yes
  • Bedroom Amenities 3:BalconyDeck3: Yes
  • Bedroom 1 Amenities:BalconyDeck: Yes
  • Bedroom Amenities 2:BalconyDeck2: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Washer, Wall Oven, Refrigerator, Microwave, Gas Range, Dryer, Dishwasher, Cooktop
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Walk-in Closets, Bathtub, Primary Bedroom w/Bath
  • 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

  • Lot Features: Level, Open Lot, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Other

Utilities

  • Laundry Features: Upper Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Underground, Circuit Breakers
  • 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
  • Tax Year: 2016

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
$3,016,594

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
Coldwell Banker Realty
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
7.57%
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
12.83%
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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 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 $19,254 $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

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1337556

Maine Listings

APN: WLLS-000112-000000-000162