NOT LISTED FOR SALE

Grand Victorian 1 E Grand Ave Unit 505 Old Orchard Beach, ME 04064

Estimated Value: $767,566 - $849,000

2 Beds
2 Baths
1,367 Sq Ft
$489/mo HOA Fee

Last Sold October 16, 2014

Last sale price $475,000 $347 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $5,624/month

12 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Deck
  • Victorian Architecture
  • In Ground Pool
  • Wood Flooring
  • 4-minute walk to Veterans Memorial Park

About This Home

As of October 2014

A direct oceanfront, penthouse unit in the best complex in OOB! Fully applianced, fully furnished, 2 bedroom and 2 bath unit has 40 feet of private decking overlooking 7 miles of Maine's best beach. Weekly summer rentals at $3500! Great history!

Last Agent to Sell the Property

Michael Morong

Bean Group Listed on: 08/24/2014

Last Buyer's Agent

Christa Kelley

Harborview Properties, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,733

Year Built

  • Built in 2006

Lot Details

  • 100 Feet of Waterfront
  • Ocean Front
  • Landscaped
  • Sprinkler System

HOA Fees

  • $489 Monthly HOA Fees

Home Design

  • Victorian Architecture
  • Steel Frame
  • Shingle Roof

Interior Spaces

  • 1,367 Sq Ft Home
  • Furnished
  • Crawl Space

Kitchen

  • Electric Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Outdoor Features

  • In Ground Pool
  • Deck

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 02505 / 1
  • Assessor Parcel Number 1East Grand Avenue505OldOrcha306102505

Community Details

Overview

  • 51 Units
  • Grand Victorian Subdivision

Amenities

  • Elevator
  • Service Elevator

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,733

Year Built

Built in 2006

Lot Details

0

HOA Fees

$489 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Subdivision Name: Grand Victorian
  • Directions: The Grand Victorian is at 1 East Grand Avenue, directly in front of the world famous pier!
  • Above Grade Finished Sq Ft: 1367.0
  • Architectural Style: Victorian
  • Year Built: 2006
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1367.0
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: No
  • Roof:Shingle: 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
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Pool-In Ground: Yes
  • Location Information:Association Fee: 489.0
  • Location Information:Fee Frequency Paid: Monthly
  • Condominium:Unit Type: Condo
  • Condominium:Units in Building: 51
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Cooling:Central Air: Yes
  • Basement:Crawl Space: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Heat Fuel:Gas Bottled: Yes
  • Amenities:Furniture Included: Yes
  • Construction:Steel Frame: Yes
  • Amenities:Elevator Passenger: Yes
  • Misc Amenities Sprinkler: Yes
  • Amenities:Elevator Freight: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Elevator Passenger, Furniture Included, Elevator Freight, Other

Exterior Features

  • Lot Features: Landscaped, Intown
  • Pool Features: In Ground
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Composition, Steel Frame
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Security: Sprinkler
  • 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: 489.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Parcel #: 1East Grand Avenue505OldOrcha306102505
  • Zoning: CZ-1

Multi Family

  • Number Of Units In Community: 51

Tax Info

  • Tax Annual Amount: 6733.0
  • Tax Block: 1
  • Tax Book Number: 15571
  • Tax Lot: 02505
  • Tax Map Number: 306
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2009
Sold by
Almon-Gagne Rose M
Bought by
Burke Karen H and Burke Patrick H
Current Estimated Value
$820,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Outstanding Balance
$223,522
Interest Rate
5%
Mortgage Type
Unknown
Estimated Equity
$567,319

Purchase Details

Closed on
Oct 5, 2007
Sold by
Grand Victorian Llc
Bought by
Almon-Gagne Rose M and Gagne Roger J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Interest Rate
6.59%
Mortgage Type
Unknown

Purchase Details

Closed on
May 10, 2007
Sold by
Grand Victorian Llc
Bought by
Almon-Gagne Rose M and Gagne Roger J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Interest Rate
6.21%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Burke Karen H -- --
Almon-Gagne Rose M -- --
Almon-Gagne Rose M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Almon-Gagne Rose M $348,000
Previous Owner Almon-Gagne Rose M $517,500
Previous Owner Almon-Gagne Rose M $517,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2014 10/16/14 Sold $475,000 -5.0% $347 / Sq Ft
09/06/2014 09/06/14 Pending -- -- --
08/24/2014 08/24/14 For Sale $500,000 -- $366 / 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 $7,995 $734,819 $94,319 $640,500
2023 $7,741 $679,019 $94,319 $584,700
2022 $7,021 $573,640 $85,540 $488,100
2021 $7,295 $515,180 $87,780 $427,400
2020 $7,397 $479,700 $77,600 $402,100
2019 $7,552 $487,200 $77,600 $409,600
2018 $6,877 $449,500 $77,600 $371,900
2017 $7,147 $455,200 $75,400 $379,800
2016 $7,011 $453,500 $73,700 $379,800
2015 $6,884 $453,500 $0 $0
2014 $6,748 $453,500 $73,700 $379,800
2013 $6,258 $453,500 $73,700 $379,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Michael Morong

    Bean Group

  • C

    Buyer's Agent in 2014

    Christa Kelley

    Harborview Properties, Inc.

See All Agents

About Grand Victorian

Map

Source: Maine Listings

MLS Number: 1151440

Maine Listings

APN: OOBH-000306-000001-000002-000505

Maine York County Old Orchard Beach 04064

1 E Grand Ave Unit 505, Old Orchard Beach, ME

This home is located at 1 E Grand Ave Unit 505, Old Orchard Beach, ME 04064 since 24 August 2014 and is currently estimated at $820,142, approximately $599 per square foot. This property was built in 2006. 1 E Grand Ave Unit 505 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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