$1,295,000

542 Ocean Ave Wells, ME 04090

Estimated payment $7,779/month

Total Views 24,258
4 Beds
2 Baths
1,536 Sq Ft
$843 Price per Sq Ft

Highlights

  • Water Views
  • Public Beach
  • Ranch Style House
  • Wells Junior High School Rated A-
  • Deck
  • No HOA

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.

Listing Agent

Michelle Lachance

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

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,529

Year Built

  • Built in 1968

Lot Details

  • 6,534 Sq Ft Lot
  • Public Beach
  • Near Conservation Area
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned RB

Home Design

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

Interior Spaces

  • 1,536 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Vinyl Flooring
  • Water Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Formica Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights

Outdoor Features

  • 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
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number WLLS-000112-000000-000022

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,529

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: 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: Ranch
  • Garage Yn: No
  • Efficiency: LED Light Fixtures, Insulated Foundation
  • Year Built: 1968
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • 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: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
  • 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
  • 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
  • Living Room:Living Room: Yes
  • Style:Ranch: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Heater:Tank: Yes
  • Basement:Sump Pump: Yes
  • Location:Abuts Conservation: Yes
  • Basement Entry:Exterior Only: Yes
  • Energy Efficiency:LED Light Fixtures: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Window Features:Storm Windows: Yes
  • Appliances Included Energy Star Appliances: Yes
  • Door Features Storm Doors: Yes
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: ENERGY STAR Qualified Appliances, Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Other Equipment: Cable
  • Has Basement: Walk-Out Access, Sump Pump, Exterior Only, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living
  • Window Features: Storm Window(s)
  • 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: Well Landscaped, Open, Level, Abuts Conservation, Intown, Near Golf Course, Near Public Beach, Near Turnpike/Interstate, Near Town, Neighborhood
  • 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, Other, 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

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: 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

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Source: Maine Listings

MLS Number: 1617462

Maine Listings

APN: WLLS-000112-000000-000022