NOT LISTED FOR SALE

533 Ocean Ave Wells, ME 04090

Estimated Value: $1,907,000 - $2,170,685

3 Beds
1.5 Baths
1,290 Sq Ft
$1,585/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $1,900,000 $1,473 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $12,174/month

107 Days on Market

Highlights

  • 48 Feet of Waterfront
  • Wood Flooring
  • Cottage
  • Wells Junior High School Rated A-
  • No HOA
  • 2 Car Detached Garage

About This Home

As of September 2023

What a wonderful opportunity for investors or second home buyers looking to generate income with summer rentals! With its sweeping ocean views from the wrap-around porch and easy Moody Beach access from its private beach staircase, this warm and inviting multi-level oceanfront home will capture your heart and delight your senses. Designed to welcome family and friends, it offers a wonderful ocean view living and dining area, spacious kitchen, three bedrooms and a full bath on the second level. The generously sized lot provides plenty of space for an active lifestyle and you can walk along the miles-long, sandy beach to the Ogunquit beaches. A detached two-bay garage is a bonus at the beach, adding parking or plenty of storage room. This prime location is close to restaurants, theatre, golf courses, and shopping, making it the perfect Maine getaway. Enjoy this classic vacation home as the current generation has or bring ideas to build your dream home.

Last Agent to Sell the Property

Rick Cosseboom

Anchor Real Estate Listed on: 03/10/2023

Last Buyer's Agent

Anne Banfield

Portside Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,482

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • 48 Feet of Waterfront
  • Ocean Front
  • Seasonal Access to Property
  • Open Lot
  • Property is zoned RB & Shoreland

Parking

  • 2 Car Detached Garage
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

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

Interior Spaces

  • 1,290 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Exterior Basement Entry
  • Crawl Space

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • Porch
  • Property is near a golf course

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 156
  • Assessor Parcel Number 533OceanAvenueWells04090

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,482

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: Route 1 to Furbish Road. At the end of Furbish, take a left on Ocean Avenue. Property is on the ocean side as you go north.
  • Above Grade Finished Sq Ft: 1290.0
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1290.0
  • Property Information:Garage: 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
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Vehicle Storage:_two_ Car: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Oceanfront: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Room Features:Wood Burning Fireplace29: Yes
  • Water Info:Waterfront Amount -: 48.0
  • Water Info:Water Frontage Owned -: 48.0
  • Style:Cottage: Yes
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Basement Entry:Exterior Only: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Has Basement: Crawl Space, Exterior Only, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Storage
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Open Lot, Near Golf Course, Near Shopping, Neighborhood
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Block, Other, Pillar/Post/Pier
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved, On Site, Detached

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Other Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: 533OceanAvenueWells04090
  • Zoning: RB & Shoreland

Tax Info

  • Tax Annual Amount: 12482.0
  • Tax Book Number: 16788
  • Tax Lot: 156
  • Tax Map Number: 112
  • Tax Year: 2022

Range of Values:

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

Property History

Date Event Price Change Sq Ft Price
09/11/2023 09/11/23 Sold $1,900,000 -9.5% $1,473 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $2,100,000 -- $1,628 / 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 $13,458 $2,258,120 $1,976,580 $281,540
2022 $12,482 $1,193,300 $1,068,600 $124,700
2021 $12,554 $1,193,300 $1,068,600 $124,700
2020 $12,506 $1,193,300 $1,068,600 $124,700
2019 $15,218 $1,460,500 $1,335,800 $124,700
2018 $15,072 $1,460,500 $1,335,800 $124,700
2017 $14,687 $1,445,610 $1,335,800 $109,810
2016 $14,543 $1,445,610 $1,335,800 $109,810
2015 $14,384 $1,445,610 $1,335,800 $109,810
2013 $13,184 $1,445,610 $1,335,800 $109,810
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1553675

Maine Listings

APN: WLLS-000112-000000-000156