NOT LISTED FOR SALE

1 Bay Ave Unit 24 Old Orchard Beach, ME 04064

Estimated Value: $503,000 - $604,000

2 Beds
1 Bath
824 Sq Ft
$320/mo HOA Fee

Last Sold April 14, 2023

Last sale price $480,000 $583 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,732/month

Highlights

  • 140 Feet of Waterfront
  • Public Beach
  • Deck
  • Beach Access
  • Country Club
  • Main Floor Bedroom

About This Home

As of April 2023

BEST MAINE BEACH is right our your door. Fabulous views from beachfront deck and living area. Wooden spiral staircase to loft/2nd bedroom overlooking living area. High ceilings in living room and lots of light. White cabinets & appliances in kitchen, tile floors. Good rental income and weekly rentals allowed. Lots of closets and unit has 1 garage spot under and storage area. Unit has mini split for efficient heat and A/C. Most furnishings remain.

Last Agent to Sell the Property

Nancy Moreshead

The Real Estate Store Brokerage Phone: 207-329-3545 Listed on: 03/08/2023

Last Buyer's Agent

Julie Lemieux

Old Orchard Beach Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,356

Year Built

  • Built in 1983

Lot Details

  • 140 Feet of Waterfront
  • Ocean Front
  • Public Beach

HOA Fees

  • $320 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Common or Shared Parking
  • Shared Driveway
  • Reserved Parking

Property Views

  • Water
  • Scenic Vista

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 824 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Living Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom
  • Bathtub
  • Shower Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Access to Tidal Water
  • Deep Water Access
  • Deck

Location

  • Property is near a golf course

Utilities

  • Cooling Available
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number OOBH-000313-000002-000001-000024

Community Details

Overview

  • 18 Units
  • Golden Shores Subdivision

Recreation

  • Country Club

Pet Policy

  • Pets Allowed
  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,356

Year Built

Built in 1983

Lot Details

0

HOA Fees

$320 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.41
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Subdivision Name: Golden Shores
  • Directions: West Grand Ave. to Bay Ave
  • Above Grade Finished Sq Ft: 824.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Efficiency: Double Pane Windows
  • Year Built: 1983
  • Attribution Contact: 207-329-3545
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.41
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 824.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 320.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 1.0
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 18
  • Cooling:Heat Pump3: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:_one_ Car: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Recreational Water:Oceanfront: Yes
  • Basement:Slab2: Yes
  • Water Info:Waterfront Amount -: 140.0
  • Water Info:Water Frontage Shared -: 140.0
  • Recreational Water:Waterfront Deep: Yes
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Location:Near Country Club: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Amenities:Furniture Included: Yes
  • Recreational Water:Beach Rights: Yes
  • Condominium:Total Units4: 18
  • Condominium:Rental Terms: weekly
  • Condominium:_pound_ of Buildings: 1
  • Condominium:VA Certification: No
  • Restrictions:Pet: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Has Basement: Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Furniture Included, Bathtub, Shower
  • Bedroom 2 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Near Golf Course, Near Public Beach, Near Town
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Common

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 320.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions, Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 17859.6
  • Parcel #: OOBH-000313-000002-000001-000024
  • Zoning: BRD

Multi Family

  • Number Of Units In Community: 18
  • Number Of Units Total: 18

Tax Info

  • Tax Annual Amount: 4356.0
  • Tax Block: 2
  • Tax Book Number: 18193
  • Tax Lot: 1
  • Tax Map Number: 313
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Apr 14, 2023
Sold by
Bennett Earold H
Bought by
Morich John J
Seller's Agent
Nancy Moreshead
The Real Estate Store
Buyer's Agent
Julie Lemieux
Old Orchard Beach Realty LLC
List Price
$500,000
Sold Price
$480,000
Premium/Discount to List
-$20,000
-4%
Total Days on Market
0
Current Estimated Value
$551,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,127
Avg. Annual Appreciation
6.25%
Original Mortgage
$336,000
Outstanding Balance
$328,450
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$226,377
Source: Public Records

Range of Values:

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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
Morich John J $480,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morich John J $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $480,000 -4.0% $583 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $500,000 -- $607 / 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 $4,980 $457,700 $63,700 $394,000
2023 $4,874 $427,500 $61,000 $366,500
2022 $4,506 $368,100 $55,500 $312,600
2021 $4,356 $307,600 $51,700 $255,900
2020 $4,125 $267,500 $45,600 $221,900
2019 $4,063 $262,100 $45,600 $216,500
2018 $3,966 $259,200 $45,600 $213,600
2017 $4,011 $255,500 $44,300 $211,200
2016 $4,004 $259,000 $42,300 $216,700
2015 $3,932 $259,000 $42,300 $216,700
2014 $3,854 $259,000 $42,300 $216,700
2013 $3,574 $259,000 $42,300 $216,700
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nancy Moreshead

    The Real Estate Store

  • J

    Buyer's Agent in 2023

    Julie Lemieux

    Old Orchard Beach Realty LLC

    (207) 229-5032

    6 in this area

    11 Total Sales

    Julie Lemieux
    Section Image
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Map

Source: Maine Listings

MLS Number: 1553538

Maine Listings

APN: OOBH-000313-000002-000001-000024

Maine York County Old Orchard Beach 04064

1 Bay Ave Unit 24, Old Orchard Beach, ME

This home is located at 1 Bay Ave Unit 24, Old Orchard Beach, ME 04064 since 08 March 2023 and is currently estimated at $551,127, approximately $668 per square foot. This property was built in 1983. 1 Bay Ave Unit 24 is a home located in York County with nearby schools including Jameson Elementary School, Loranger Memorial School, and Old Orchard Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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