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  • $1,000,000

    518 Ocean Avenue, Wells, ME 04090

    3beds
    2,000sqft
    Single Family Residence
    Built in 1993
    4,791.6 Square Feet Lot
    $1,149,400 Zestimate®
    $500/sqft
    $3,228 Estimated rent

    Home value

    $1,149,400

    $1.00M - $1.31M

    $3,228/mo

    Zestimate® history
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    $6,109/mo

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    What's special

    Moody Beach! Ocean and marsh views can be yours from this appealing lot located just across the street from the beach. Renovate the existing home to your taste or bring your creative ideas to the table and build your dream home. The views as they are now are phenomenal and will only get better with your newly designed beach house or year-round property. Easy access to the sand as the pathway to beach is just a few houses away. Permits have been applied for a new home to be built if you so desire. Building plans are also available. Fabulous opportunity to start from scratch with a brand-new home or update and start enjoying sooner! Only 10 minutes to Ogunquit Square and just 15 to the Kennebunks. Portland and Portsmouth and just minutes away. Walk the beach all the way to Ogunquit! Enjoy fine and casual dining, extensive shopping opportunities as well as summer theatre, galleries, golf and other recreation. Now is the time to start enjoying the coastal lifestyle in Maine!

    Zillow last checked:

    Listing updated:

    Listed by:

    Better Homes & Gardens Real Estate/The Masiello Group 207-468-7335

    Bought with:

    EXP Realty

    Source: Maine Listings,MLS#: 1602812MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom 1
    • Level: First
    Bedroom 2
    • Level: First
    Bedroom 3
    • Level: Second
    Bedroom 4
    • Level: Second
    Bedroom 5
    • Level: Third
    Den
    • Level: Third
    Kitchen
    • Level: Second
    Living room
    • Level: Second
    Heating
    • Forced Air, None
    Cooling
    • None
    Features
    • 1st Floor Bedroom
    • Flooring: Other, Wood
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 2,000
    • Total interior livable area: 2,000 sqft
    • Finished area above ground: 2,000
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, 1 - 4 Spaces
    Features
    • Has view: Yes
    • View description: Scenic
    • Body of water: Atlantic
    Lot
    • Size: 4,791 sqft
    • Features: Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad, Level, Open Lot
    Details
    • Parcel number: WLLSM112L181
    • Zoning: RB

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Clapboard
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • Year built: 1993

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Wells

    Price history

    DateEventPrice
    10/4/2024Sold$1,000,000-16.3%$500/sqft
    Source: Maine Listings #1602812 Report a problem
    10/4/2024Pending sale$1,195,000$598/sqft
    Source: Maine Listings #1602812 Report a problem
    9/7/2024Contingent$1,195,000$598/sqft
    Source: Maine Listings #1602812 Report a problem
    9/5/2024Listed for sale$1,195,000$598/sqft
    Source: Maine Listings #1602812 Report a problem
    9/5/2024Listing removed$1,195,000$598/sqft
    Source: Maine Listings #1583588 Report a problem
    7/17/2024Price change$1,195,000-7.7%$598/sqft
    Source: Maine Listings #1583588 Report a problem
    5/18/2024Price change$1,295,000-7.2%$648/sqft
    Source: Maine Listings #1583588 Report a problem
    3/6/2024Listed for sale$1,395,000$698/sqft
    Source: Maine Listings #1583588 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$8,360 +2%$1,374,960
    2023$8,195 +13%$1,374,960 +98.4%
    2022$7,251 -0.6%$693,170
    2021$7,292 +1.7%$693,170 +1.3%
    2020$7,168 +0.6%$683,980
    2019$7,127 +1.3%$683,980 +0.3%
    2018$7,038 +1.6%$681,950
    2017$6,929 +1%$681,950
    2016$6,860 +1.1%$681,950
    2015$6,785 +9.7%$681,950 +0.6%
    2013$6,184 -1.4%$678,040 -6.7%
    2012$6,273 0%$726,850 0%
    2011$6,274 +3.6%$726,990
    2009$6,056 +1.3%$726,990
    2008$5,976 +80.8%$726,990 +73.5%
    2005$3,306 $418,990

    Find assessor info on the county website

    Neighborhood: 04090

    Nearby schools

    GreatSchools rating
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    With Zillow Showcase(estimated)
    $1,172,388