$575,000
SOLD DEC 22, 2016

542 Ocean Ave Wells, ME 04090

-- Bed
2 Baths
1,536 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$374 Per Sq Ft

12% Below List Price

8 Days on Market

Highlights

  • Ocean Front
  • Beach Access
  • Deck
  • Wells Junior High School Rated A-
  • Public Beach
  • No HOA

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

Last Agent to Sell the Property

Steve Weigel

Coldwell Banker Y-Gull & Associates Listed on: 10/11/2016

Coldwell Banker Y-Gull & Associates

Last Buyer's Agent

Steve Weigel

Coldwell Banker Y-Gull & Associates Listed on: 10/11/2016

Coldwell Banker Y-Gull & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,751

Year Built

  • Built in 1968

Lot Details

  • 6,534 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Near Conservation Area
  • Level Lot
  • Open Lot

Property Views

  • Water
  • Scenic Vista

Home Design

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

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Laundry on main level

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Parking

  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Deck

Location

  • Property is near a golf course

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas
  • 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

  • Tax Lot 22
  • Assessor Parcel Number WLLS-000112-000000-000023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,751

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: Rt 1 North from Ogunquit/ At 1st set of lights turn right on Bourne Ave/ When you get to the Beach turn left on Ocean Ave/ 546 Ocean is on the left
  • Above Grade Finished Sq Ft: 1536.0
  • Architectural Style: Duplex
  • Building Stories: 1
  • Year Built: 1968
  • Location Information:Leased Land: No
  • 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
  • Site:Level: Yes
  • Site:Open: 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
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 1
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Style:Duplex: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Heater:Tank: Yes
  • Location:Abuts Conservation: Yes
  • Cooling:AC Units: Yes
  • Recreational Water:Beach Rights: Yes
  • Building Info:_pound_ Floors3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Bathtub
  • Stories: 1

Exterior Features

  • Lot Features: Level, Open Lot, Abuts Conservation, Near Golf Course, Near Public Beach, Near Shopping
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier, Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, On Site, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: A/C 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
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: WLLS-000112-000000-000023
  • Zoning: RB

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5751.0
  • Tax Book Number: 1997
  • Tax Lot: 22
  • Tax Map Number: 112
  • Tax Year: 2016

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
Coldwell Banker 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%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%
Original Mortgage
$960,000
Outstanding Balance
$920,999
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$431,748

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
Coldwell Banker Y-Gull & Associates
Buyer's Agent
Steve Weigel
Coldwell Banker 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
10.47%
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
Coldwell Banker Y-Gull & Associates
Buyer's Agent
Steve Weigel
Coldwell Banker 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:

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Average Value
Not Available
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 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

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

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 $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: 1285686

Maine Listings

APN: WLLS-000112-000000-000022