NOT LISTED FOR SALE

Grand Victorian 1 E Grand Ave Unit 502 Old Orchard Beach, ME 04064

Estimated Value: $735,000 - $804,000

3 Beds
2 Baths
1,493 Sq Ft
$618/mo HOA Fee

Last Sold June 30, 2023

Last sale price $630,000 $422 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,541/month

2 Days on Market

Highlights

  • 245 Feet of Waterfront
  • Public Beach
  • 1.44 Acre Lot
  • Beach Access
  • In Ground Pool
  • 4-minute walk to Veterans Memorial Park

About This Home

As of June 2023

From BLUE SKY to SHINING SEA! This spacious, fully furnished, 3 bedroom, 2 bath Grand Victorian Condo affords you spectacular ocean views from its lofty 5th floor location. Two balconies, one of which is accessed from the Living Room, and bedroom. Primary bedroom has its own balcony. Large kitchen with breakfast bar, and a third bedroom. Recent updates include sound proof windows installed on the East side, and a new roof. Building amenities include an indoor heated saltwater pool, sauna and fitness room. Inhale that Ocean air, swim in the Ocean or dip your toes in the sand, frolic on the beach or access the many entertainment options at your doorstep in famed Old Orchard Beach, one of Maine's BEST beaches. Weekly rentals permitted with Front Desk Concierge service in the summer months. Great rental income and rental history. Onsite Property Management available. Pets allowed for owners but not renters. Reserve weeks for your own vacation but have the added advantage of rental leverage year round, long term or short term. Summer's here, and you want to be part of the action in Old Orchard Beach. You won't want to miss out on this one. Current summer rentals to be honored. Open House on June 3 from 11 am to 1 pm.

Last Agent to Sell the Property

Wilma Ek

Maine Home Connection Brokerage Phone: 207.517.3100 Listed on: 06/02/2023

Last Buyer's Agent

Nancy Moreshead

The Real Estate Store

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,059

Year Built

  • Built in 2006

Lot Details

  • 245 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Sprinkler System

HOA Fees

  • $618 Monthly HOA Fees

Property Views

  • Scenic Vista

Home Design

  • Slab Foundation
  • Steel Frame
  • Shingle Roof

Interior Spaces

  • 1,493 Sq Ft Home
  • Furnished
  • Double Pane Windows
  • Living Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Parking

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

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

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

Location

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2-502 / 1
  • Assessor Parcel Number OOBH-000306-000001-000002-000502

Community Details

Overview

  • 51 Units
  • High-Rise Condominium
  • The Grand Victorian Subdivision

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,059

Year Built

Built in 2006

Lot Details

0

HOA Fees

$618 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 1.44
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Subdivision Name: The Grand Victorian
  • Directions: GPS Friendly!
  • Above Grade Finished Sq Ft: 1493.0
  • Architectural Style: High Rise
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Year Built: 2006
  • Attribution Contact: 207.517.3100
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.44
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1493.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: 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
  • Floors:Wood3: 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
  • Location Information:Association Fee: 618.0
  • Location Information:Fee Frequency Paid: Monthly
  • Foundation Materials:Slab: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 51
  • Kitchen Countertop:Granite: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Cooling:Central Air: Yes
  • Living Room:Living Room: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Oceanfront: Yes
  • Basement:Slab2: Yes
  • Water Info:Waterfront Amount -: 245.0
  • Water Info:Water Frontage Shared -: 245.0
  • Recreational Water:Waterfront Deep: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Bank Owned REO: No
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Amenities:Furniture Included: Yes
  • Accessibilitiy Amenities:ElevatorChair Lift: Yes
  • Transportation:Deep Water Access: Yes
  • Construction:Steel Frame: Yes
  • Amenities:Elevator Passenger: Yes
  • Misc Amenities Sprinkler: Yes
  • Recreational Water:Beach Rights: Yes
  • Transportation:Rail Available: Yes
  • Style:High Rise: Yes
  • Condominium:_pound_ of Buildings: 1
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Accessibility Features: Elevator/Chair Lift
  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Elevator Passenger, Furniture Included, Bathtub, Other, Primary Bedroom w/Bath
  • Bedroom 2 Level: Upper
  • Kitchen Kitchen Level: Upper
  • Living Room Living Room Level: Upper
  • Primary Bedroom Primary Bedroom Level: Upper
  • Bedroom 1:Bedroom 1 Level: Upper

Exterior Features

  • Lot Features: Level, Intown, Near Golf Course, Near Public Beach
  • Pool Features: In Ground
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Composition, Steel Frame
  • Foundation Details: 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, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Security: Sprinkler, Fire System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 618.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 62726.4
  • Parcel #: OOBH-000306-000001-000002-000502
  • Zoning: CZ-1

Multi Family

  • Number Of Units In Community: 51

Tax Info

  • Tax Annual Amount: 7059.0
  • Tax Block: 1
  • Tax Book Number: 18285
  • Tax Lot: 2-502
  • Tax Map Number: 306
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Jun 30, 2023
Sold by
Beachfront Condo Oob Llc
Bought by
Lindley Realty Llc
Seller's Agent
Wilma Ek
Maine Home Connection
Buyer's Agent
Nancy Moreshead
The Real Estate Store
List Price
$625,000
Sold Price
$630,000
Premium/Discount to List
$5,000
0.8%
Current Estimated Value
$780,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,467
Avg. Annual Appreciation
10.39%
Original Mortgage
$170,000
Outstanding Balance
$166,346
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$612,857

Purchase Details

Listed on
May 1, 2020
Closed on
Jun 25, 2020
Sold by
Sheehan Susan and Sheehan Sean
Bought by
Beachfront Condo Oob Llc
Seller's Agent
Nancy Moreshead
Best Maine Beach Properties
Buyer's Agent
Wilma Ek
Maine Home Connection
List Price
$449,000
Sold Price
$418,000
Premium/Discount to List
-$31,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.60%
Original Mortgage
$334,400
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 14, 2019
Closed on
Nov 25, 2019
Sold by
Grand Victorian Llc
Bought by
Sheehan Sean and Sheehan Susan
Seller's Agent
Melissa Remington
Charlene's Coastal Properties
Buyer's Agent
Nancy Moreshead
The Real Estate Store
List Price
$449,000
Sold Price
$415,000
Premium/Discount to List
-$34,000
-7.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%
Original Mortgage
$200,000
Interest Rate
3.5%
Mortgage Type
New Conventional
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
Lindley Realty Llc $630,000 None Available
Beachfront Condo Oob Llc -- None Available
Sheehan Sean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindley Realty Llc $170,000
Previous Owner Beachfront Condo Oob Llc $334,400
Previous Owner Sheehan Sean $200,000
Previous Owner Grand Victorian Llc $1,572,282
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $630,000 +0.8% $422 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
06/02/2023 06/02/23 For Sale $625,000 +49.5% $419 / Sq Ft
06/25/2020 06/25/20 Sold $418,000 -6.9% $280 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $449,000 +8.2% $301 / Sq Ft
11/25/2019 11/25/19 Sold $415,000 -7.6% $278 / Sq Ft
10/16/2019 10/16/19 Pending -- -- --
10/30/2018 10/30/18 For Sale $449,000 -- $301 / 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 $8,048 $739,719 $94,319 $645,400
2023 $7,792 $683,519 $94,319 $589,200
2022 $7,059 $576,740 $85,540 $491,200
2021 $6,874 $485,480 $87,780 $397,700
2020 $6,964 $451,600 $77,600 $374,000
2019 $7,125 $459,700 $77,600 $382,100
2018 $6,538 $427,300 $77,600 $349,700
2017 $6,322 $402,700 $75,400 $327,300
2016 $6,199 $401,000 $73,700 $327,300
2015 $6,087 $401,000 $0 $0
2014 $5,967 $401,000 $73,700 $327,300
2013 $5,534 $401,000 $73,700 $327,300
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2023

    Wilma Ek

    Maine Home Connection

    (207) 415-2614

    8 in this area

    52 Total Sales

    Wilma Ek
    Section Image
  • Nancy Moreshead

    Buyer's Agent in 2023

    Nancy Moreshead

    The Real Estate Store

    (207) 329-3545

    110 in this area

    120 Total Sales

    Nancy Moreshead
    Section Image

  • M

    Seller's Agent in 2019

    Melissa Remington

    Charlene's Coastal Properties

    (207) 937-8084

    4 in this area

    9 Total Sales

    Melissa Remington
    Section Image
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About Grand Victorian

Map

Source: Maine Listings

MLS Number: 1560075

Maine Listings

APN: OOBH-000306-000001-000002-000502

Maine York County Old Orchard Beach 04064

1 E Grand Ave Unit 502, Old Orchard Beach, ME

This home is located at 1 E Grand Ave Unit 502, Old Orchard Beach, ME 04064 since 02 June 2023 and is currently estimated at $780,467, approximately $522 per square foot. This property was built in 2006. 1 E Grand Ave Unit 502 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.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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