NOT LISTED FOR SALE

729 Ocean Ave Wells, ME 04090

Estimated Value: $1,504,000 - $1,891,000

5 Beds
5 Baths
3,200 Sq Ft
$546/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $1,249,000 $390 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $9,135/month

166 Days on Market

Highlights

  • Ocean Front
  • Nearby Water Access
  • Country Club
  • Wells Junior High School Rated A-
  • Public Beach
  • Spa

About This Home

As of April 2021

Fantastic opportunity at Moody Point! Perfect family compound property within walking distance to Crescent or Moody Beach! This stately home offers five bedrooms including two master suites with baths, three additional bathrooms, nicely upgraded kitchen, formal living room and a casual den. Updated in 2006 with an ENTIRE SECOND FLOOR ADDITION. All of this in a gorgeous park-like setting with a putting green and beautiful ocean vistas. Plenty of room for family and friends and/or a lucrative rental property with a proven rental history with repeat clientele. The finished basement has a sitting room with a gas fireplace and an amazing game room with foosball, air hockey and a ping pong table along with another full bath. The added BONUS is a separate contiguous building lot on abutting Beachwood Terrace. The extra lot can remain as is which makes this property so special or one could build a guest cottage or even sell off the lot - so many possibilities! Covered porch and a terrific deck off the second floor offer amazing views. There is a spacious screened-in porch with great views of the huge backyard! Impeccable landscaping and an appealing semi-circular driveway give this majestic home great curb appeal. Easy access to all of the areas amenities including fine dining, shops, galleries and recreation. Only ten minutes to Ogunquit and 15 minutes to Kennebunkport.

Last Agent to Sell the Property

Peter LaRochelle

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Phone: 207-468-7335 Listed on: 09/18/2020

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Luciano Racco

Bean Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,614

Year Built

  • Built in 1971

Lot Details

  • 0.36 Acre Lot
  • Ocean Front
  • Public Beach
  • Fenced
  • Landscaped
  • Level Lot
  • Open Lot
  • Sprinkler System
  • Property is zoned RB

Parking

  • 1 Car Direct Access Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,200 Sq Ft Home
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Fire Sprinkler System

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 5 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior Basement Entry

Outdoor Features

  • Spa
  • Nearby Water Access
  • Shed
  • Outbuilding
  • Porch

Location

  • Property is near public transit
  • Property is near a golf course
  • City Lot

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Radiant Heating System
  • Hot Water Heating System

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 68
  • Assessor Parcel Number WLLS-000112-000000-000068

Community Details

Overview

  • No Home Owners Association

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,614

Year Built

Built in 1971

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.36
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: Eldridge Road to Ocean Avenue
  • Above Grade Finished Sq Ft: 3200.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Year Built: 1971
  • Attribution Contact: 207-468-7335
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.36
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3200.0
  • Property Information:Garage: Yes
  • 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
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Fence: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Cooling:Heat Pump3: Yes
  • Kitchen Countertop:Granite: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:_one_ Car: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Living Room:Living Room: Yes
  • Basement Entry:Doghouse: Yes
  • Heat System:Multi-Zones: Yes
  • Heat System:Radiant: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Room Features:Wood Burning Fireplace29: Yes
  • Family Room:Family Room: Yes
  • Appliances Included:Gas Range: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Location:Near Railroad: Yes
  • Misc Amenities Sprinkler: Yes
  • Transportation:Rail Available: Yes
  • Amenities:Hot Tub: Yes
  • Amenities:Irrigation System: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Amenities:Home Warranty: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 2
  • Special Features: VirtualTour

Interior Features

  • Private Spa: Yes
  • Appliances: Washer, Refrigerator, Microwave, Gas Range, Dryer, Disposal, Dishwasher
  • Has Basement: Finished, Full, Doghouse, Interior Entry
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Walk-in Closets, 1st Floor Bedroom, Bathtub, Other, Shower, Primary Bedroom w/Bath
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Open Lot, Landscaped, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Irrigation System, Near Railroad
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Home Warranty: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Garage Door Opener, Inside Entrance

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Security: Sprinkler
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Radiant, Multi-Zones, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15681.6
  • Parcel #: WLLS-000112-000000-000068
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 5614.0
  • Tax Book Number: 15484
  • Tax Lot: 68
  • Tax Map Number: 112
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2020
Closed on
Apr 30, 2021
Sold by
Wildcat Holdings Llc
Bought by
Racco Luciano and Racco Jessica O
Seller's Agent
Peter LaRochelle
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Luciano Racco
Bean Group
List Price
$1,249,000
Sold Price
$1,249,000
Current Estimated Value
$1,615,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,382
Avg. Annual Appreciation
7.92%
Original Mortgage
$999,200
Outstanding Balance
$904,109
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$844,010

Purchase Details

Closed on
Sep 5, 2008
Sold by
Mccullen Joseph T and Mccullen Eleanor H
Bought by
Wildcat Holdings Llc

Purchase Details

Closed on
Jun 14, 2005
Sold by
Edmonds Beth C Est and Edmonds
Bought by
Mccullen Joseph T
Source: Public Records

Range of Values:

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Average Value
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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
Racco Luciano -- None Available
Racco Luciano -- None Available
Wildcat Holdings Llc -- --
Wildcat Holdings Llc -- --
Mccullen Joseph T -- --
Mccullen Joseph T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Racco Luciano $999,200
Closed Racco Luciano $999,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2022 11/05/22 Off Market $1,249,000 -- --
04/30/2021 04/30/21 Sold $1,249,000 0.0% $390 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
09/18/2020 09/18/20 For Sale $1,249,000 -- $390 / 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 $7,262 $1,194,380 $576,010 $618,370
2023 $7,119 $1,194,380 $576,010 $618,370
2022 $7,024 $671,530 $323,750 $347,780
2021 $7,064 $671,530 $323,750 $347,780
2020 $5,646 $538,750 $323,750 $215,000
2019 $5,614 $538,750 $323,750 $215,000
2018 $5,460 $538,750 $323,750 $215,000
2017 $5,474 $538,750 $323,750 $215,000
2016 $5,420 $538,750 $323,750 $215,000
2015 $5,361 $538,750 $323,750 $215,000
2013 $4,913 $538,750 $323,750 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1469532

Maine Listings

APN: WLLS-000112-000000-000068