NOT LISTED FOR SALE

1 Bay Ave Unit 5 Old Orchard Beach, ME 04064

Estimated Value: $338,000 - $463,000

1 Bed
1 Bath
600 Sq Ft
$200/mo HOA Fee

Last Sold July 25, 2014

Last sale price $195,000 $325 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,636/month

111 Days on Market

Highlights

  • 140 Feet of Waterfront
  • Property is near public transit
  • Subterranean Parking
  • Deck
  • Furnished
  • Living Room

About This Home

As of July 2014

Located on Maine's best beach, just minutes to the local attractions, this condo offers peaceful ocean views with a beachfront deck. It comes fully furnished and has storage area and garage parking. Weekly rentals are permitted.

Last Agent to Sell the Property

Robert Edgerley

Keller Williams Realty Listed on: 02/26/2014

Keller Williams Realty

Last Buyer's Agent

Catherine Clark

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,067

Year Built

  • Built in 1983

Lot Details

  • 140 Feet of Waterfront
  • Ocean Front

HOA Fees

  • $200 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista

Home Design

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

Interior Spaces

  • 600 Sq Ft Home
  • Furnished
  • Living Room
  • Dining Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary bedroom located on second floor
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • Common or Shared Parking
  • Shared Driveway

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 1Bay Avenue5OldOrcha31321

Community Details

Overview

  • 18 Units
  • Golden Shores Subdivision

Amenities

  • Community Storage Space

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,067

Year Built

Built in 1983

Lot Details

0

HOA Fees

$200 per month

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. Last property on the right
  • Above Grade Finished Sq Ft: 600.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Year Built: 1983
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 325.0
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.41
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 600.0
  • 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
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 200.0
  • Location Information:Fee Frequency Paid: Monthly
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:Units in Building: 18
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:_one_ Car: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Basement:Slab2: Yes
  • Water Info:Waterfront Amount -: 140.0
  • View:Scenic: Yes
  • Amenities:Furniture Included: Yes
  • Washer/Dryer Other Location: Yes
  • Vehicle Storage:Under: Yes
  • Transportation:Public Transport Access: Yes
  • Exterior:Vertical Siding: Yes
  • Restrictions:Pet: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Advertising Remarks:Advertising Remarks: Located on Maine's best beach, just minutes to the local attractions, this condo offers peaceful ocean views with a beachfront deck. It comes fully furnished and has storage area and garage parking. Weekly rentals are permitted. Call The Rob Edgerley Team today for more info 207-553-1327
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Furniture Included, Storage
  • Dining Room Dining Room Level: Second
  • Kitchen Kitchen Level: Second
  • Living Room Living Room Level: Second
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Lot Features: Level, Other, Near Public Transit
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Vertical Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 17859.6
  • Parcel #: 1Bay Avenue5OldOrcha31321
  • Zoning: BRD

Multi Family

  • Number Of Units In Community: 18

Tax Info

  • Tax Annual Amount: 3067.0
  • Tax Block: 2
  • Tax Lot: 1
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2015
Sold by
Benway Jason D and Benway Maria
Bought by
Morich John J and Morich Elizabeth Y
Current Estimated Value
$405,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2015
Sold by
Benway Jason D
Bought by
Benway Jason D and Benway Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
3.66%
Mortgage Type
Unknown

Purchase Details

Listed on
Feb 26, 2014
Closed on
Jul 28, 2014
Sold by
Farrell Kathleen M and Farrell Dorothy L
Bought by
Benway Jason D
Seller's Agent
Robert Edgerley
Keller Williams Realty
Buyer's Agent
Catherine Clark
Coldwell Banker Residential Brokerage
List Price
$224,900
Sold Price
$195,000
Premium/Discount to List
-$29,900
-13.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.62%
Original Mortgage
$156,000
Interest Rate
4.18%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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 -- --
Benway Jason D -- --
Benway Jason D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Morich John J $160,000
Previous Owner Benway Jason D $145,000
Previous Owner Benway Jason D $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2014 07/25/14 Sold $195,000 -13.3% $325 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
02/26/2014 02/26/14 For Sale $224,900 -- $375 / 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 $3,688 $339,000 $63,700 $275,300
2023 $3,984 $349,500 $61,000 $288,500
2022 $3,821 $312,200 $55,500 $256,700
2021 $3,709 $261,900 $51,700 $210,200
2020 $3,513 $227,800 $45,600 $182,200
2019 $3,463 $223,400 $45,600 $177,800
2018 $3,381 $221,000 $45,600 $175,400
2017 $3,419 $217,800 $44,300 $173,500
2016 $3,404 $220,200 $42,300 $177,900
2015 $3,343 $220,200 $42,300 $177,900
2014 $3,277 $220,200 $42,300 $177,900
2013 $3,039 $220,200 $42,300 $177,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Robert Edgerley

    Keller Williams Realty

    Section Image

  • C

    Buyer's Agent in 2014

    Catherine Clark

    Coldwell Banker Residential Brokerage

See All Agents

Map

Source: Maine Listings

MLS Number: 1123675

Maine Listings

APN: OOBH-000313-000002-000001-000005

Maine York County Old Orchard Beach 04064

1 Bay Ave Unit 5, Old Orchard Beach, ME

Not Listed for Sale

Condos

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