NOT LISTED FOR SALE

542 Ocean Ave Wells, ME 04090

Estimated Value: $1,152,000 - $1,471,000

4 Beds
2 Baths
1,536 Sq Ft
$833/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $1,200,000 $781 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,349/month

58 Days on Market

Highlights

  • Ocean Front
  • Nearby Water Access
  • Deck
  • Wells Junior High School Rated A-
  • Country Club
  • Ranch Style House

About This Home

As of June 2022

Great Real Estate Investment Opportunity Located At The North End of Moody Beach. Year Round Duplex Containing (2) Two Bedroom One Bath Units In a Prime Beach Location Directly Across From the Beach and With the Back Yard Bordering On & With Spectacular Views of The Rachel Carson Wild Life Preserve. With Only a 3 Minute Walk To the Public Entrance to Sandy Moody (Ogunquit) Beach These Are Very Popular in Demand Summer Rental Units With an Established Clientele. Off Season Rentals Can Bring In Extra Income .This unique property has endless possibilities. The front of the home has views of the Atlantic Ocean, and the back has a large grass yard abutting the marsh of Rachel Carson wildlife preserve with a ton of wildlife and amazing sunsets. You can modify this building and have a 4 + bedrooms and 2+ bathrooms and enjoy a large ranch style home. This property is a legal two-family lot, so if your creative you can have income and your dream home all in one. This is a must see if you're looking to enjoy Moody Beach as your summer or fulltime home. or investment property. Paved with pavers in parking area, newly renovated with updated appliances. Home comes fully furnished and ready to move in. This home has been lifted with elevation certificate.
This property has a twin located at 546 Ocean ave if you're interested in purchasing both properties for investment property.

Last Agent to Sell the Property

Michelle Lachance

Y-Gull & Associates Listed on: 03/21/2022

Last Buyer's Agent

Don Wunder

RE/MAX Realty One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,116

Year Built

  • Built in 1968

Lot Details

  • 6,534 Sq Ft Lot
  • Ocean Front
  • Landscaped
  • Level Lot
  • Property is zoned RB

Property Views

  • Water
  • Scenic Vista

Home Design

  • Ranch Style House
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,536 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Laminate Flooring

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Sump Pump
  • Dirt Floor

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • Deck
  • Porch

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • High-Efficiency Water Heater
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • ENERGY STAR/CFL/LED Lights
  • Property is near a golf course

Listing and Financial Details

  • Assessor Parcel Number WLLS-000112-000000-000022

Community Details

Overview

  • No Home Owners Association
  • Near Conservation Area

Amenities

  • Community Storage Space

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,116

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: Route1 to Eldridge Rd to Ocean Ave, drive around Moody Point and the home is on the right.
  • Above Grade Finished Sq Ft: 1536.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Efficiency: LED Light Fixtures, High Efficiency Water Heater
  • Year Built: 1968
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 813.8
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1536.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Style:Ranch: Yes
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Recreational Water:Nearby: Yes
  • Equipment:Internet Access Available: Yes
  • Appliances Included:Gas Range: Yes
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Heat System:Direct Vent Heater: Yes
  • Amenities:Furniture Included: Yes
  • Basement:Sump Pump: Yes
  • Location:Abuts Conservation: Yes
  • Basement Entry:Exterior Only: Yes
  • Cooling:AC Units: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Energy Efficiency:LED Light Fixtures: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Gas Range, Electric Range, Dryer, Dishwasher
  • Has Basement: Dirt Floor, Partial, Sump Pump, Exterior Only
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Bathtub, One-Floor Living, Storage
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Bedroom 4 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Landscaped, Abuts Conservation, Near Golf Course, Near Turnpike/Interstate, Near Town
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Wells-Ogunquit CSD

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: WLLS-000112-000000-000022
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 6116.0
  • Tax Block: NA
  • Tax Lot: NA
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
Jun 30, 2022
Sold by
White Goldens Llc
Bought by
Hamilton Scott B and Hamilton Nicole
Seller's Agent
Michelle Lachance
Y-Gull & Associates
Buyer's Agent
Don Wunder
RE/MAX Realty One
List Price
$125,000
Sold Price
$1,200,000
Premium/Discount to List
$1,075,000
860%
Current Estimated Value
$1,279,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,264
Avg. Annual Appreciation
1.90%
Original Mortgage
$960,000
Outstanding Balance
$911,979
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$367,285

Purchase Details

Closed on
Oct 27, 2017
Sold by
Lachance Michelle L and Lachance Robert N
Bought by
White Goldens Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2017
Sold by
White Goldens Llc
Bought by
Lachance Robert and Lachance Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 11, 2016
Closed on
Feb 17, 2017
Sold by
Lachance Robert N and Lachance Michelle L
Bought by
White Goldens Llc
Seller's Agent
Steve Weigel
Y-Gull & Associates
Buyer's Agent
Steve Weigel
Y-Gull & Associates
List Price
$650,000
Sold Price
$575,000
Premium/Discount to List
-$75,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$460,000
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 11, 2016
Closed on
Dec 29, 2016
Sold by
Beamis Daniel J
Bought by
Lachance Robert and Lachance Michelle
Seller's Agent
Steve Weigel
Y-Gull & Associates
Buyer's Agent
Steve Weigel
Y-Gull & Associates
List Price
$650,000
Sold Price
$575,000
Premium/Discount to List
-$75,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hamilton Scott B $1,200,000 None Available
Hamilton Scott B $1,200,000 None Available
Hamilton Scott B $1,200,000 None Available
White Goldens Llc -- --
White Goldens Llc -- --
White Goldens Llc -- --
Lachance Robert -- --
Lachance Robert -- --
Lachance Robert -- --
White Goldens Llc -- --
White Goldens Llc -- --
White Goldens Llc -- --
Lachance Robert -- --
Lachance Robert -- --
Lachance Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton Scott B $960,000
Closed Hamilton Scott B $960,000
Previous Owner Lachance Robert $457,000
Previous Owner Lachance Robert $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2022 06/30/22 Sold $1,200,000 +860.0% $781 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $125,000 -78.3% $81 / Sq Ft
12/22/2016 12/22/16 Sold $575,000 -11.5% $374 / Sq Ft View Prior Sale
10/20/2016 10/20/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $650,000 -- $423 / 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 $7,680 $1,263,180 $1,037,150 $226,030
2023 $7,529 $1,263,180 $1,037,150 $226,030
2022 $6,103 $583,490 $469,710 $113,780
2021 $6,116 $581,360 $469,710 $111,650
2020 $6,058 $578,080 $469,710 $108,370
2019 $6,024 $578,080 $469,710 $108,370
2018 $2,965 $574,670 $469,710 $104,960
2017 $5,839 $574,670 $469,710 $104,960
2016 $5,781 $574,670 $469,710 $104,960
2015 $5,718 $574,670 $469,710 $104,960
2013 $5,241 $574,670 $469,710 $104,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1522220

Maine Listings

APN: WLLS-000112-000000-000022