NOT LISTED FOR SALE

515 Ocean Ave Wells, ME 04090

Estimated Value: $1,748,000 - $3,286,000

4 Beds
3 Baths
2,233 Sq Ft
$1,068/Sq Ft Est. Value

Last Sold February 15, 2019

Last sale price $1,525,000 $683 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $14,439/month

107 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 50 Feet of Waterfront
  • Contemporary Architecture
  • Wells Junior High School Rated A-
  • Public Beach
  • Cathedral Ceiling

About This Home

As of February 2019

Wonderful 4 Bedroom 3 Bath Year Round Classic Maine Beach House That has Been Totally Renovated and Updated From Top to Bottom Using the Very Best Materials, Workmanship and in Pristine Condition. Situated on Private Sandy Moody (Ogunquit) Beach this House Features Large Open Sun Filled Rooms with Panoramic Views of the Beach and Ocean, Beautiful Hardwood & Tile Floors, Designer Kitchen, Wood Burning Fireplace, Ocean Front Master Suite. The Large Beautifully Landscaped Grounds and Patios are Only Steps From the Sandy Beach. Full Basement & Garage for Storage. This Home Has it All. Private Setting Yet Close Everything the Area has to Offer.

Last Agent to Sell the Property

Steve Weigel

Coldwell Banker Y-Gull & Associates Listed on: 09/19/2018

Coldwell Banker Y-Gull & Associates

Last Buyer's Agent

Anne Erwin Real Estate

Anne Erwin Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,361

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • 50 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Landscaped
  • Open Lot
  • Property is zoned RB

Parking

  • 1 Car Garage
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Built-In Features
  • Cathedral Ceiling
  • Skylights
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms
  • Separate Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deeded Waterfront Access Rights
  • Beach Access
  • Access to Tidal Water

Location

  • Property is near a golf course

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 160
  • Assessor Parcel Number WLLS-000112-000000-000160

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,361

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.14
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: Rt.1 North from Ogunquit/ Turn right at the first set of lights (Bourne Ave) At the end turn left on Ocean Ave/ 515 is on the right, Ocean front/ See sign
  • Above Grade Finished Sq Ft: 2025.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2025.0
  • Property Information:SqFt Finished Below Grade: 208.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: 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
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Property Information:Garage Spaces: 1.0
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Kitchen Countertop:Granite: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:_one_ Car: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Roof:Pitched: Yes
  • Recreational Water:Oceanfront: Yes
  • Kitchen Amenities:Skylight20: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Water Info:Waterfront Amount -: 50.0
  • Water Info:Water Frontage Owned -: 50.0
  • Recreational Water:Deeded: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Appliances Included:Gas Range: Yes
  • Equipment:Cable: Yes
  • Kitchen Amenities:Cathedral Ceiling6: Yes
  • View:Scenic: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Office Amenities:Built-Ins16: Yes
  • Recreational Water:Beach Rights: Yes
  • Primary Bedroom Amenities:Separate Shower6: Yes
  • Dining Room Amenities:Built-Ins8: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Gas Range, Dryer, Disposal, Dishwasher
  • Has Basement: Walk-Out Access, Full, Unfinished
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 208.0
  • Fireplaces: 1
  • Fireplace: Yes
  • Full Basement: Yes
  • 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: Second
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Open Lot, Landscaped, Near Golf Course, Near Public Beach, Near Shopping
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Slab
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: WLLS-000112-000000-000160
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 15361.0
  • Tax Book Number: 2865
  • Tax Lot: 160
  • Tax Map Number: 112
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2018
Closed on
Feb 15, 2019
Sold by
Rk T T and Rk Demartini
Bought by
Reidy Andrew M
Seller's Agent
Steve Weigel
Coldwell Banker Y-Gull & Associates
Buyer's Agent
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
List Price
$1,659,000
Sold Price
$1,525,000
Premium/Discount to List
-$134,000
-8.08%
Current Estimated Value
$2,354,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$829,535
Avg. Annual Appreciation
7.12%
Original Mortgage
$750,000
Outstanding Balance
$652,671
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,728,360
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
Reidy Andrew M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reidy Andrew M $750,000
Previous Owner Rk T $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2019 02/15/19 Sold $1,525,000 -8.1% $683 / Sq Ft
01/05/2019 01/05/19 Pending -- -- --
09/19/2018 09/19/18 For Sale $1,659,000 -- $743 / 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 $17,221 $2,889,490 $2,470,810 $418,680
2022 $15,999 $1,529,520 $1,335,560 $193,960
2021 $16,091 $1,529,520 $1,335,560 $193,960
2020 $15,856 $1,512,950 $1,335,560 $177,390
2019 $15,754 $1,511,940 $1,335,560 $176,380
2018 $7,667 $1,511,940 $1,335,560 $176,380
2017 $15,361 $1,511,940 $1,335,560 $176,380
2016 $15,182 $1,509,170 $1,335,560 $173,610
2015 $15,016 $1,509,170 $1,335,560 $173,610
2013 $13,764 $1,509,170 $1,335,560 $173,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1370519

Maine Listings

APN: WLLS-000112-000000-000160