NOT LISTED FOR SALE

624 Ocean Ave Wells, ME 04090

Estimated Value: $1,251,000 - $1,340,305

0.12 Acre
$10,767,517 Price per Acre
5,227 Sq Ft Lot

Last Sold May 25, 2017

Last sale price $435,000 $399 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $7,617/month

262 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Level Lot
  • Wells Junior High School Rated A-
  • No HOA

About This Lot

As of May 2017

The last time this property was available was in 1911. A rare opportunity to build your dream overlooking the Atlantic. Property originally advertised as 00 Ocean Ave.

Last Agent to Sell the Property

Peter Deely

Coldwell Banker Realty Brokerage Phone: 603-334-1900 Listed on: 05/13/2016

Coldwell Banker Realty

Last Buyer's Agent

Kenneth Knowles

RE/MAX Realty One

RE/MAX Realty One

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,086

Lot Details

  • 5,227 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Level Lot

Additional Features

  • Water Views
  • Natural Gas Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 129
  • Assessor Parcel Number 112-129-000

Property Details

Property Type

Land

Est. Annual Taxes

$10,086

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: From Rt 1 in Wells take Eldridge Rd toward the beach. Follow to the end and take a right on Ocean Avenue. The property is just before the cottage at 624 Ocean Ave,
  • Attribution Contact: 603-334-1900
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Recreational Water:Oceanfront: Yes
  • Property Information:Bank Owned REO: No
  • Utility Info Electric On Site: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Level, Near Public Beach
  • Waterfront Features: Ocean
  • Waterfront: No

Garage/Parking

  • Parking Features: 1 - 4 Spaces, Other

Utilities

  • Electric: On Site
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Parcel #: 112-129-000
  • Zoning: Res

Tax Info

  • Tax Lot: 129

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2016
Closed on
May 25, 2017
Sold by
Oneil Ft and Oneil
Bought by
Thibodeau Celia R and Belanger Philip R
Seller's Agent
Peter Deely
Coldwell Banker Realty
Buyer's Agent
Kenneth Knowles
RE/MAX Realty One
List Price
$525,000
Sold Price
$435,000
Premium/Discount to List
-$90,000
-17.14%
Current Estimated Value
$1,292,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$857,102
Avg. Annual Appreciation
13.65%
Original Mortgage
$140,000
Outstanding Balance
$71,230
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$1,220,872

Purchase Details

Closed on
Apr 27, 2005
Sold by
Oneil Janet H and Oneil Allen T
Bought by
Oneil Ft and Oneil
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Thibodeau Celia R -- --
Thibodeau Celia R -- --
Oneil Ft -- --
Oneil Ft -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thibodeau Celia R $140,000
Closed Thibodeau Celia R $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2017 05/25/17 Sold $435,000 -17.1% $399 / Sq Ft
01/31/2017 01/31/17 Pending -- -- --
05/13/2016 05/13/16 For Sale $525,000 -- $482 / 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 $10,086 $1,658,880 $1,455,630 $203,250
2023 $9,887 $1,658,880 $1,455,630 $203,250
2022 $8,081 $772,520 $676,530 $95,990
2021 $8,127 $772,520 $676,530 $95,990
2020 $8,002 $763,560 $676,530 $87,030
2019 $7,956 $763,560 $676,530 $87,030
2018 $8,246 $763,560 $676,530 $87,030
2017 $7,758 $763,560 $676,530 $87,030
2016 $8,708 $865,620 $778,590 $87,030
2015 $8,613 $865,620 $778,590 $87,030
2013 $7,894 $865,620 $778,590 $87,030
Source: Public Records

Agents Affiliated with this Home

  • Peter Deely

    Seller's Agent in 2017

    Peter Deely

    Coldwell Banker Realty

    (603) 724-8394

    18 Total Sales

    Peter Deely
    Section Image
  • Kenneth Knowles

    Buyer's Agent in 2017

    Kenneth Knowles

    RE/MAX

    (207) 451-0386

    1 in this area

    13 Total Sales

    Kenneth Knowles
    Section Image
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Map

Source: Maine Listings

MLS Number: 1263613

Maine Listings

APN: WLLS-000112-000000-000129

Maine York County Wells 04090

624 Ocean Ave, Wells, ME

Not Listed for Sale

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