542 Ocean Avenue, Wells, ME 04090
FOR SALE

542 Ocean Avenue
Wells, ME 04090

  • Studio
  • 2 Baths
  • 1,536 sqft
  • Studio
  • 2 Baths
  • 1,536 sqft

$1,495,000

Est. Mortgage $9,192/mo*
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Local Information

map showing home location
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-- mins to
Commute Destination
Last check for updates: about 6 hours ago
Listing courtesy of RE/MAX Realty One, (207)252-1775
Source: Maine Listings, MLS#1583995
Also Listed on Maine Listings.

Description

Beyond the breathtaking location, this duplex presents an excellent investment opportunity with its proven track record of generating substantial rental income. Whether you're seeking a vacation retreat, a permanent residence, or an income-generating property, 542 Ocean Avenue caters to a variety of lifestyle preferences.
The thoughtfully designed layout of the duplex maximizes comfort and functionality, providing a harmonious balance of modern amenities and coastal aesthetics. Each unit is adorned with tasteful finishes and features that enhance the overall appeal of the property, making it an ideal retreat for residents and renters alike.
Discover the charm of this wonderful duplex that seamlessly marries the convenience of beach access, a prime location steps from the Atlantic, and the potential for excellent rental income. Embrace the coastal lifestyle you've always dreamed of at 542 Ocean Avenue in Moody / Wells- ''The friendliest town in Maine''

Home Highlights

Parking
No Info
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
$973
Listed
No Info

Home Details for 542 Ocean Avenue

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: None,Partial,Exterior Only
Beds & Baths
Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1536 Square Feet
Appliances & Utilities
Laundry: Laundry - 1st Floor,Main Level
Heating & Cooling
Heating: Direct Vent Heater,BaseboardHas CoolingAir Conditioning: A/C UnitsHas HeatingHeating Fuel: Direct Vent Heater
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Vinyl, Carpet
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Floors: Vinyl, Carpet
View
Has a ViewView: Scenic

Exterior Features

Exterior Home Features
Roof: Pitched ShinglePatio / Porch: DeckFoundation: Pillar/Post/Pier, Concrete PerimeterNo Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageParking: 1 - 4 Spaces,Paved,On Site,Off Street
Frontage
Waterfront: Ocean FrontRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public SewerWater Body: Atlantic
Finished Area
Finished Area (above surface): 1536 Square Feet

Property Information

Year Built
Year Built: 1968
Property Type / Style
Property Type: Residential IncomeProperty Subtype: DuplexArchitecture: Duplex,Ranch
Building
Construction Materials: Vinyl Siding, Wood FrameAttached To Another Structure

Price & Status

Price
List Price: $1,495,000Price Per Sqft: $973

Media

See Virtual Tour

Location

Direction & Address
City: Wells
School Information
High School District: Wells-Ogunquit CSD

Agent Information

Listing Agent
Listing ID: 1583995

Building

Building Area
Building Area: 1536 Square Feet

Lot Information

Lot Area: 6534 sqft

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

BasementMls Number: 1583995Attribution Contact: (207)252-1775

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Property Taxes and Assessment

Year2022
Tax$6,103
Assessment$583,490
Home facts updated by county records

Comparable Sales for 542 Ocean Avenue

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
57 Buffum Hill Road, Wells, ME
1.21
Multi-Family Home
$654,000
06/16/23
4
2,356
19 Shamrock Lane, Wells, ME
1.60
Multi-Family Home
$859,900
08/04/23
2
2,473
1650 Post Road, Wells, ME
2.85
Multi-Family Home
$650,000
04/02/24
4
2,128
261 Clay Hill Road, Cape Neddick, ME
4.40
Multi-Family Home
$510,000
08/04/23
5
4,572
2 Pearl Street, Kennebunkport, ME
7.23
Multi-Family Home
$1,545,000
12/12/23
4
4,068
698 Wire Road, Wells, ME
7.18
Multi-Family Home
$549,000
11/01/23
4
2,024

What Locals Say about Wells

  • Emma W.
    "It’s not too far from everything. Other places with stores or activities are at most, 40 minutes away. Drawbacks are being in a tourism town."
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  • Betty Marineau
    "I raised my children in this neighborhood and they have lifelong friends because of it. There is something to be said for truly knowing your neighbors. They are there for you in good times and in bad."
    12
    Flag
  • Ed v.
    "I've lived in this area for 17 years. people are friendly and considerate. the area has been developing rapidly and with the influx of new residents things are changing."
    17
    Flag
  • Cswhit76
    "There is a terrific farmers market . We also do a lot of barbecuing in the summer or go to the beach and have a day long picnic."
    0
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LGBTQ Local Legal Protections

RE/MAX Realty One
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
542 Ocean Avenue, Wells, ME 04090 is a studio, 2 bathroom, 1,536 sqft multi-family built in 1968. This property is currently available for sale and was listed by Maine Listings on Mar 13, 2024. The MLS # for this home is MLS# 1583995.