542 Ocean Avenue Wells, ME
$1,295,000
Baths 2
Square Footage 1,536
Acres 0.15
Description
This unique property has endless possibilities that includes having your own beach house and an additional income property, Investment property or make into condominiums. The front of the home has views of the Atlantic Ocean, and the back has a large grassy yard abutting the marsh of Rachel Carson wildlife preserve with a ton of wildlife and amazing sunsets. The current home has 2 units front and back with 2 bedrooms and 1 bath in each unit. This property is a legal two-family lot, so if you're creative you can have income and your dream home all in one. The beautiful sand of Moody Beach is a 300-yard walk to public way 3. This is a must see if you're looking to enjoy Moody Beach as your summer home, income property, investment as both units are currently rented year-round, weekly from May to October and monthly in the winter months. Driveway is a combination of pavement and pavers in parking area which can hold 6-8 vehicle's. This home comes fully furnished and ready to move in or rent. This home has been lifted with an elevation certificate. The utilities have been separated by unit except for Water and sewer. Each unit has reservations for summer rentals with immediate income to buyers.
Listed by The Maine Real Estate Experience, Michelle Lachance 207-345-2207
Details
MLS 1617465
Status Active
Price $1,295,000
DOM 36 days
Type Multi-Family
Style Other, Ranch
Baths 2 full baths
Square Feet 1,536 sqft
Lot Size 0.15 acres
Year Built 1968
Taxes Paid $7,529
Lot & Building Features
Cooling Other
Tax Year 2024
Taxes Paid $7,529
Room Details
Basement Description Exterior Only, Walk-Out Access, Unfinished, Sump Pump
Unit Features
Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.