NOT LISTED FOR SALE

Grand Victorian 1 E Grand Ave Unit 504 Old Orchard Beach, ME 04064

Estimated Value: $813,000 - $859,000

3 Beds
2 Baths
1,630 Sq Ft
$555/mo HOA Fee

Last Sold November 30, 2020

Last sale price $600,000 $368 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,760/month

31 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Victorian Architecture
  • Central Air
  • Wood Flooring
  • Landscaped
  • 4-minute walk to Veterans Memorial Park

About This Home

As of November 2020

This is the Penthouse!! The Creme de la Creme!! Quite simply the BEST oceanfront unit in the best facility in Old Orchard Beach! Three bedrooms, two baths. Expansive views of seven miles fo beach from the front and side decks! Comes completely furnished and equipped. Summer rentals to $4,200 per week with a great rental history. The facility also boasts an indoor pool, a fitness center and a sauna. Dedicated parking. Rental management program available. This is a great time to invest in future!!! Contact listing broker for more information!

Last Agent to Sell the Property

Michael Morong

Bean Group Listed on: 10/13/2020

Last Buyer's Agent

Michael Morong

Coldwell Banker Simpson Associates, REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,322

Year Built

  • Built in 2006

Lot Details

  • 100 Feet of Waterfront
  • Ocean Front
  • Landscaped

HOA Fees

  • $555 Monthly HOA Fees

Home Design

  • Victorian Architecture
  • Steel Frame
  • Shingle Roof

Interior Spaces

  • 1,630 Sq Ft Home

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • Central Air
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 51 Units

Listing and Financial Details

  • Tax Lot 1/2/504
  • Assessor Parcel Number 1EastGrandAvenueOldOrchardBeach04064

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,322

Year Built

Built in 2006

Lot Details

0

HOA Fees

$555 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: The Grand Victorian is located directly in front of the World Famous Pier! (GPS 1 East Grand Ave.)
  • Above Grade Finished Sq Ft: 1630.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Year Built: 2006
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1630.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Roof:Shingle: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 555.0
  • Location Information:Fee Frequency Paid: Monthly
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 51
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Cooling:Central Air: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Shared -: 100.0
  • Heat Fuel:Gas Bottled: Yes
  • Construction:Steel Frame: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No

Exterior Features

  • Lot Features: Sidewalks, Landscaped, Intown
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Composition, Steel Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Common

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 555.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Parcel #: 1EastGrandAvenueOldOrchardBeach04064
  • Zoning: CZ-1

Multi Family

  • Number Of Units In Community: 51

Tax Info

  • Tax Annual Amount: 8322.0
  • Tax Book Number: 15873
  • Tax Lot: 1/2/504
  • Tax Map Number: 306
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Nov 30, 2020
Sold by
Burke Patrick H and Burke Karen H
Bought by
Berman Ari S and Berman Kirsten A
Seller's Agent
Michael Morong
Bean Group
Buyer's Agent
Michael Morong
Coldwell Banker Simpson Associates, REALTORS
List Price
$619,000
Sold Price
$600,000
Premium/Discount to List
-$19,000
-3.07%
Total Days on Market
31
Current Estimated Value
$838,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,857
Avg. Annual Appreciation
7.66%

Purchase Details

Closed on
Jun 3, 2010
Sold by
Jalbert 2Nd Thomas W and Jalbert Anna L
Bought by
Burke Karen H and Burke Patrick H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.12%
Mortgage Type
Unknown
Source: Public Records

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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
Berman Ari S -- None Available
Burke Karen H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burke Patrick H $354,200
Previous Owner Burke Karen H $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $600,000 -3.1% $368 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $619,000 -- $380 / 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 $9,039 $830,819 $94,319 $736,500
2023 $8,741 $766,719 $94,319 $672,400
2022 $7,916 $646,740 $85,540 $561,200
2021 $8,200 $579,080 $87,780 $491,300
2020 $8,322 $539,700 $77,600 $462,100
2019 $8,500 $548,400 $77,600 $470,800
2018 $7,727 $505,000 $77,600 $427,400
2017 $8,037 $511,900 $75,400 $436,500
2016 $7,888 $510,200 $73,700 $436,500
2015 $7,745 $510,200 $0 $0
2014 $7,592 $510,200 $73,700 $436,500
2013 $7,041 $510,200 $73,700 $436,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Morong

    Bean Group

  • M

    Buyer's Agent in 2020

    Michael Morang

    Plowman Realty Group

    6 in this area

    38 Total Sales

    Michael Morang
    Section Image
See All Agents

About Grand Victorian

Map

Source: Maine Listings

MLS Number: 1472696

Maine Listings

APN: OOBH-000306-000001-000002-000504

Maine York County Old Orchard Beach 04064

1 E Grand Ave Unit 504, Old Orchard Beach, ME

This home is located at 1 E Grand Ave Unit 504, Old Orchard Beach, ME 04064 since 13 October 2020 and is currently estimated at $838,857, approximately $514 per square foot. This property was built in 2006. 1 E Grand Ave Unit 504 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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