NOT LISTED FOR SALE

1 Bay Ave Unit 26 Old Orchard Beach, ME 04064

Estimated Value: $466,000 - $567,835

2 Beds
1 Bath
824 Sq Ft
$300/mo HOA Fee

Last Sold August 30, 2018

Last sale price $315,000 $382 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,536/month

8 Days on Market

Highlights

  • 140 Feet of Waterfront
  • Public Beach
  • Vaulted Ceiling
  • Beach Access
  • Property is near public transit
  • Wood Flooring

About This Home

As of August 2018

Delightful Old Orchard Beach Condo. Right on the beach - Second floor unit with balcony deck looking out to sea is sited on the quiet side of town but within walking distance to activity. 4 rooms, 2 bedrooms including loft bedroom, cathedral ceiling with skylight and new appliances. 2 car garage - one just outside and one under the building with storage facility for all your beach toys. Attractive full winter rental offers in excess of $7,000 in the off season which makes this an attractive investment as well as a vacation retreat or your year round home.

Last Agent to Sell the Property

John McCarthy

Legacy Properties Sotheby's International Realty Listed on: 07/24/2018

Last Buyer's Agent

John McCarthy

Legacy Properties Sotheby's International Realty Listed on: 07/24/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,011

Year Built

  • Built in 1983

Lot Details

  • 140 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Street terminates at a dead end

HOA Fees

  • $300 Monthly HOA Fees

Parking

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

Property Views

  • Water
  • Scenic Vista

Home Design

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

Interior Spaces

  • 824 Sq Ft Home
  • Multi-Level Property
  • Vaulted Ceiling
  • Skylights
  • Living Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Deep Water Access
  • Porch

Location

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

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 1-26 / 2
  • Assessor Parcel Number OOBH-000313-000002-000001-000026

Community Details

Overview

  • 10 Units
  • Golden Shores Subdivision

Pet Policy

  • Pets Allowed
  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,011

Year Built

Built in 1983

Lot Details

0

HOA Fees

$300 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.41
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Subdivision Name: Golden Shores
  • Directions: Atlantic Ave to West Grand Ave take right go to Bay Ave take left go to beach and the property on the right side .
  • Above Grade Finished Sq Ft: 824.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1983
  • 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
  • Location:Near Golf Course: 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:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Location Information:Association Fee: 300.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 10
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:_two_ Car: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Parking:Paved3: Yes
  • Living Room Amenities:Skylight31: Yes
  • Roads:Dead End: Yes
  • Water Info:Waterfront Amount -: 140.0
  • Recreational Water:Waterfront Deep: Yes
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • Transportation:Deep Water Access: Yes
  • Location:Near Railroad: Yes
  • Cooling:AC Units: Yes
  • Recreational Water:Beach Rights: Yes
  • Transportation:Rail Available: Yes
  • Condominium:Total Units4: 18
  • Living Room Amenities:Vaulted Ceiling14: Yes
  • Restrictions:Pet: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: 1st Floor Bedroom
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Sidewalks, Near Golf Course, Near Public Beach, Near Turnpike/Interstate, Near Town, Near Railroad
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Common, On Site, Paved

Utilities

  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 17859.6
  • Parcel #: OOBH-000313-000002-000001-000026
  • Zoning: BRD

Multi Family

  • Number Of Units In Community: 10
  • Number Of Units Total: 18

Tax Info

  • Tax Annual Amount: 4011.0
  • Tax Block: 2
  • Tax Book Number: 11294
  • Tax Lot: 1-26
  • Tax Map Number: 313
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2018
Closed on
Aug 31, 2018
Sold by
Cresta Brian and Cresta Michelle
Bought by
Benway Maria E
Seller's Agent
John McCarthy
Legacy Properties Sotheby's International Realty
Buyer's Agent
John McCarthy
Legacy Properties Sotheby's International Realty
List Price
$345,000
Sold Price
$315,000
Premium/Discount to List
-$30,000
-8.7%
Current Estimated Value
$522,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,959
Avg. Annual Appreciation
7.74%
Original Mortgage
$252,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Benway Maria E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benway Maria E $285,000
Closed Benway Maria E $255,000
Closed Benway Maria E $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2018 08/30/18 Sold $315,000 -8.7% $382 / Sq Ft
08/02/2018 08/02/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $345,000 -- $419 / 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 $4,706 $432,500 $63,700 $368,800
2023 $4,699 $412,200 $61,000 $351,200
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 $3,999 $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 -- $259,000 $42,300 $216,700
Source: Public Records

Agents Affiliated with this Home

  • John McCarthy

    Seller's Agent in 2018

    John McCarthy

    Legacy Properties Sotheby's International Realty

    (207) 522-3638

    23 Total Sales

    John McCarthy
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Map

Source: Maine Listings

MLS Number: 1362869

Maine Listings

APN: OOBH-000313-000002-000001-000026

Maine York County Old Orchard Beach 04064

1 Bay Ave Unit 26, Old Orchard Beach, ME

This home is located at 1 Bay Ave Unit 26, Old Orchard Beach, ME 04064 since 24 July 2018 and is currently estimated at $522,959, approximately $634 per square foot. This property was built in 1983. 1 Bay Ave Unit 26 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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