NOT LISTED FOR SALE

1 Cleaves St Unit 507 Old Orchard Beach, ME 04064

Estimated Value: $606,308 - $677,000

2 Beds
2 Baths
1,043 Sq Ft
$263/mo HOA Fee

Last Sold June 04, 2021

Last sale price $478,000 $458 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,172/month

7 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Public Beach
  • 0.93 Acre Lot
  • Beach Access
  • In Ground Pool
  • Deck

About This Home

As of June 2021

OCEAN VIEWS & views to the pier on Best Maine Beach. Sunny southern exposures & lots of light. White bead board cabinets in updated kitchen with corian counters & new appliances.
Tile floors throughout. Primary bedroom has private bath. Weekly rentals permitted and unit is furnished, ready to rent & many weeks already booked this summer. Indoor pool, beachfront location and can walk to town.
Good storage.

Last Agent to Sell the Property

Nancy Moreshead

Best Maine Beach Properties Listed on: 01/21/2021

Last Buyer's Agent

Nancy Moreshead

The Real Estate Store

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,034

Year Built

  • Built in 1986

Lot Details

  • 200 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Landscaped

HOA Fees

  • $263 Monthly HOA Fees

Property Views

  • Water
  • Scenic Vista

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Steel Frame

Interior Spaces

  • 1,043 Sq Ft Home
  • Furnished
  • Double Pane Windows
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Access to Tidal Water
  • Deep Water Access
  • Deck

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • No Rentals Allowed
  • Legal Lot and Block 1 / 4
  • Assessor Parcel Number 1cleavesstunit507oldorchardbeach04064

Community Details

Overview

  • 40 Units
  • High-Rise Condominium
  • Seawatch Subdivision

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,034

Year Built

Built in 1986

Lot Details

0

HOA Fees

$263 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.93
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Subdivision Name: Seawatch
  • Directions: East Grand Ave. to Cleaves Street, Seawatch condominium
  • Above Grade Finished Sq Ft: 1043.0
  • Architectural Style: High Rise
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Year Built: 1986
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.93
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1043.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: 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:Tile2: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Amenities:Pool-In Ground: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 263.0
  • Location Information:Fee Frequency Paid: Monthly
  • Foundation Materials:Slab: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: No
  • Condominium:Units in Building: 40
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Recreational Water:Oceanfront: Yes
  • Basement:Slab2: Yes
  • Water Info:Waterfront Amount -: 200.0
  • Water Info:Water Frontage Shared -: 200.0
  • Recreational Water:Waterfront Deep: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Kitchen Countertop:Solid Surface: Yes
  • Amenities:Furniture Included: Yes
  • Construction:Steel Frame: Yes
  • Amenities:Elevator Passenger: Yes
  • Recreational Water:Beach Rights: Yes
  • Roof:Flat: Yes
  • Condominium:Total Units4: 40
  • Style:High Rise: Yes
  • Condominium:_pound_ of Buildings: 1
  • Condominium:VA Certification: No
  • Restrictions:Pet: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Elevator Passenger, Furniture Included, Bathtub, One-Floor Living, Storage, Primary Bedroom w/Bath

Exterior Features

  • Lot Features: Level, Landscaped, Near Golf Course, Near Public Beach, Near Town
  • Pool Features: In Ground
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Other, Steel Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Roof: Flat
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

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: 263.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions, Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 40510.8
  • Parcel #: 1cleavesstunit507oldorchardbeach04064
  • Zoning: DD-2

Multi Family

  • Number Of Units In Community: 40
  • Number Of Units Total: 40

Tax Info

  • Tax Annual Amount: 5034.0
  • Tax Block: 4
  • Tax Lot: 1
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
Jun 4, 2021
Sold by
Mooradian Mark E and Mooradian Katherine A
Bought by
Kuhlman Jo E and Kuhlman Gary W
Seller's Agent
Nancy Moreshead
Best Maine Beach Properties
Buyer's Agent
Nancy Moreshead
The Real Estate Store
List Price
$468,000
Sold Price
$478,000
Premium/Discount to List
$10,000
2.14%
Current Estimated Value
$644,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,827
Avg. Annual Appreciation
7.04%
Original Mortgage
$378,000
Outstanding Balance
$342,232
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$302,595

Purchase Details

Listed on
Dec 10, 2009
Closed on
Sep 25, 2012
Sold by
Kaczmarczyk Joan M and Kaczmarczyk Saverio F
Bought by
Aiello Tina M and Quinci Nicolino S
Seller's Agent
Nancy Moreshead
The Real Estate Store
Buyer's Agent
Nancy Moreshead
The Real Estate Store
List Price
$399,000
Sold Price
$326,000
Premium/Discount to List
-$73,000
-18.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.50%
Original Mortgage
$226,000
Interest Rate
3.59%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kuhlman Jo E -- None Available
Aiello Tina M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuhlman Jo E $378,000
Previous Owner Aiello Tina M $226,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2021 06/04/21 Sold $478,000 +2.1% $458 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $468,000 +37.6% $449 / Sq Ft
04/15/2016 04/15/16 Sold $340,000 -8.1% $326 / Sq Ft View Prior Sale
03/06/2016 03/06/16 Pending -- -- --
01/12/2015 01/12/15 For Sale $369,800 +13.4% $355 / Sq Ft
09/25/2012 09/25/12 Sold $326,000 -18.3% $313 / Sq Ft View Prior Sale
08/10/2012 08/10/12 Pending -- -- --
12/14/2009 12/14/09 For Sale $399,000 -- $383 / 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 $6,412 $589,300 $36,500 $552,800
2023 $6,409 $562,200 $35,700 $526,500
2022 $5,810 $474,700 $32,500 $442,200
2021 $5,525 $390,200 $32,500 $357,700
2020 $5,008 $324,800 $28,400 $296,400
2019 $5,034 $324,800 $28,400 $296,400
2018 $5,358 $321,500 $28,400 $293,100
2017 $5,035 $320,700 $27,600 $293,100
2016 $5,032 $325,500 $25,600 $299,900
2015 $4,941 $325,500 $25,600 $299,900
2014 $4,843 $325,500 $25,600 $299,900
2013 -- $325,500 $25,600 $299,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1480264

Maine Listings

APN: OOBH-000305-000004-000001-000507