NOT LISTED FOR SALE

546 Ocean Ave Wells, ME 04090

Estimated Value: $992,285 - $1,370,000

4 Beds
2 Baths
1,536 Sq Ft
$782/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $1,100,000 $716 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,183/month

Highlights

  • Public Beach
  • Deck
  • Furnished
  • Wells Junior High School Rated A-
  • Ranch Style House
  • 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 .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.

Last Agent to Sell the Property

Michelle Lachance

Coldwell Banker Y-Gull & Associates Listed on: 05/21/2022

Last Buyer's Agent

Michelle Lachance

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,150

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
  • Furnished
  • Ceiling Fan
  • Living Room
  • Vinyl Flooring
  • Storm Doors

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Sump Pump
  • Crawl Space

Parking

  • Driveway
  • Paved Parking

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights

Outdoor Features

  • Deck
  • Porch

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • 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-000112-000000-000023

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,150

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • MLS Status: Closed
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1536.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Efficiency: Storm Doors, LED Light Fixtures
  • Year Built: 1968
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: 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
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • 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
  • 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_st Floor Bedroom: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Living Room:Living Room: Yes
  • Style:Ranch: Yes
  • Heat System:Multi-Zones: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Deed Restrictions: Unknown
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: 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:Storm Doors: 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, Electric Range, Dryer, Dishwasher
  • Has Basement: Crawl Space, Sump Pump, Exterior Only
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Bathtub, One-Floor Living
  • 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, Open Lot, Landscaped, Abuts Conservation, Near Public Beach, Near Shopping
  • 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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Multi-Zones, 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-000112-000000-000023
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 6150.0
  • Tax Block: NA
  • Tax Book Number: 17591
  • Tax Lot: NA
  • Tax Map Number: 0112
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2022
Closed on
Jun 30, 2022
Sold by
Ohana Holdings Llc
Bought by
Sugar River Realty Llc
Seller's Agent
Michelle Lachance
Coldwell Banker Y-Gull & Associates
Buyer's Agent
Michelle Lachance
Keller Williams Realty
List Price
$1,250,000
Sold Price
$1,100,000
Premium/Discount to List
-$150,000
-12%
Current Estimated Value
$1,196,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,569
Avg. Annual Appreciation
-1.37%
Original Mortgage
$880,000
Outstanding Balance
$844,249
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$209,718

Purchase Details

Closed on
Oct 27, 2017
Sold by
Lachance Robert N and Lachance Michelle L
Bought by
Ohana Holdings 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
Ohana Holdings 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
Aug 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
$597,500
Sold Price
$575,000
Premium/Discount to List
-$22,500
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$460,000
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Sugar River Realty Llc $1,100,000 None Available
Ohana Holdings Llc -- --
Lachance Robert -- --
Lachance Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sugar River Realty Llc $880,000
Previous Owner Ohana Holdings Llc $210,000
Previous Owner Lachance Robert $457,000
Previous Owner Lachance Robert $460,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $1,100,000 -12.0% $716 / Sq Ft
05/22/2022 05/22/22 Pending -- -- --
05/21/2022 05/21/22 For Sale $1,250,000 +117.4% $814 / Sq Ft
12/22/2016 12/22/16 Sold $575,000 -3.8% $374 / Sq Ft
10/20/2016 10/20/16 Pending -- -- --
08/11/2016 08/11/16 For Sale $597,500 -- $389 / 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 $7,575 $1,271,050 $1,044,950 $226,100
2022 $6,127 $585,710 $472,990 $112,720
2021 $6,150 $584,640 $472,990 $111,650
2020 $6,093 $581,360 $472,990 $108,370
2019 $6,058 $581,360 $472,990 $108,370
2018 $2,982 $577,950 $472,990 $104,960
2017 $5,872 $577,950 $472,990 $104,960
2016 $5,814 $577,950 $472,990 $104,960
2015 $5,751 $577,950 $472,990 $104,960
2013 $5,271 $577,950 $472,990 $104,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1529239

Maine Listings

APN: WLLS-000112-000000-000023