$1,295,000

542 Ocean Ave Wells, ME 04090

Estimated payment $7,862/month

Total Views 6,793
-- Bed
2 Baths
1,536 Sq Ft
$843 Price per Sq Ft

Highlights

  • Water Views
  • Nearby Water Access
  • No HOA
  • Wells Junior High School Rated A-
  • Deck
  • Porch

About This Home

This unique property has endless possibilities that includes having your own beach house and an additional income property, Investment property or make into condominiums. The front of the home has views of the Atlantic Ocean, and the back has a large grassy yard abutting the marsh of Rachel Carson wildlife preserve with a ton of wildlife and amazing sunsets. The current home has 2 units front and back with 2 bedrooms and 1 bath in each unit. This property is a legal two-family lot, so if you're creative you can have income and your dream home all in one. The beautiful sand of Moody Beach is a 300-yard walk to public way 3. This is a must see if you're looking to enjoy Moody Beach as your summer home, income property, investment as both units are currently rented year-round, weekly from May to October and monthly in the winter months. Driveway is a combination of pavement and pavers in parking area which can hold 6-8 vehicle's. This home comes fully furnished and ready to move in or rent. This home has been lifted with an elevation certificate. The utilities have been separated by unit except for Water and sewer. Each unit has reservations for summer rentals with immediate income to buyers.

Last Listed By

Michelle Lachance

The Maine Real Estate Experience Listed on: 04/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,529

Year Built

  • Built in 1968

Lot Details

  • 6,534 Sq Ft Lot
  • Near Conservation Area
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • Water Views
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Sump Pump

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • Deck
  • Porch

Location

  • Property is near a golf course
  • City Lot

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number WLLS-000112-000000-000022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,529

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Active
  • 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: Other, Ranch
  • Garage Yn: No
  • Efficiency: Ceiling Fans
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built: 1968
  • Location Information:Leased Land: 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:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 1
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Heat System:Direct Vent Heater: Yes
  • Basement:Sump Pump: Yes
  • Location:Abuts Conservation: Yes
  • Basement Entry:Exterior Only: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Other Equipment: Internet Access Available, Cable
  • Has Basement: Walk-Out Access, Sump Pump, Exterior Only, Unfinished
  • Full Bathrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living
  • Window Features: Storm Window(s)

Exterior Features

  • Lot Features: Well Landscaped, Open, Level, Abuts Conservation, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier, Concrete Perimeter
  • 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
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Zoned, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

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

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 7529.0
  • Tax Book Number: 19062
  • Tax Lot: NA
  • Tax Map Number: 0112
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $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

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 For Sale $1,295,000 0.0% $843 / Sq Ft
04/10/2025 04/10/25 For Sale $1,295,000 +7.9% $843 / Sq Ft
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
10/20/2016 10/20/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $650,000 -- $423 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,200,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $960,000 Purchase Money Mortgage
Previous Owner $210,000 Unknown
Previous Owner $457,000 Purchase Money Mortgage
Previous Owner $460,000 Purchase Money Mortgage
Source: Public Records

Source: Maine Listings

MLS Number: 1617465

Maine Listings

APN: WLLS-000112-000000-000022