NOT LISTED FOR SALE

Estimated Value: $582,000 - $760,000

2 Beds
2 Baths
1,142 Sq Ft
$433/mo HOA Fee

Last Sold March 24, 2021

Last sale price $420,000 $368 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,376/month

165 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Victorian Architecture
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Landscaped
  • 4-minute walk to Veterans Memorial Park

About This Home

As of March 2021

Amazing Penthouse level condo at the the number one destination facility for people vacationing in Old Orchard Beach.....The Grand Victorian!! A beautifully designed two bedrooms, two bath home with an extra room the present owners use as a third bedroom. The spacious kitchen has granite countertops, stainless steel appliances and an ample supply of cabinets. The living area has doors to the deck offering impressive fifth floor views. The master bedroom also offers a private door to the deck. Two very high end bathrooms with many upgrades! Weekly summer rentals bring nearly $3,000! Enjoy for yourself, or use it as a rental! (The Grand Victorian is one of the three high rises on the ocean in Old Orchard which allows short term rentals). You and your guests can enjoy all the amenities provided by this facility, including an indoor pool, a fitness center, a sauna......and of course, steps from 7 miles of beach! OWNER FINANCING AVAILABLE. E-MAIL LISTING BROKER FOR DETAILS!

Last Agent to Sell the Property

Michael Morong

Bean Group Listed on: 09/26/2020

Last Buyer's Agent

Michael Morong

Coldwell Banker Simpson Associates, REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,997

Year Built

  • Built in 2006

Lot Details

  • 100 Feet of Waterfront
  • Ocean Front
  • Landscaped

HOA Fees

  • $433 Monthly HOA Fees

Home Design

  • Victorian Architecture
  • Steel Frame
  • Shingle Roof

Interior Spaces

  • 1,142 Sq Ft Home

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Electric Water Heater

Community Details

  • 51 Units

Listing and Financial Details

  • Tax Lot 1-02509
  • Assessor Parcel Number 1EastGrandAvenueOldOrchardBeach04064

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,997

Year Built

Built in 2006

Lot Details

0

HOA Fees

$433 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: GPS 1 East Grand Avenue. Directly in front of the World Famous Pier in the heart of Old Orchard Beach.
  • Above Grade Finished Sq Ft: 1142.0
  • 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: 1142.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 433.0
  • 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
  • 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: 2
  • 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: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 433.0
  • 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: 4997.0
  • Tax Book Number: 15223
  • Tax Lot: 1-02509
  • Tax Map Number: 306
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2020
Closed on
Mar 24, 2021
Sold by
Pedri Raymond L and Pedri Dora V
Bought by
Pereira Ronald and Pereira Jennifer
Seller's Agent
Michael Morong
Bean Group
Buyer's Agent
Michael Morong
Coldwell Banker Simpson Associates, REALTORS
List Price
$429,000
Sold Price
$420,000
Premium/Discount to List
-$9,000
-2.1%
Total Days on Market
165
Current Estimated Value
$656,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,188
Avg. Annual Appreciation
11.12%
Original Mortgage
$294,000
Outstanding Balance
$266,650
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$389,538
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
Pereira Ronald -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pereira Ronald $294,000
Previous Owner Pedri Raymond L $308,615
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2021 03/24/21 Sold $420,000 -2.1% $368 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
09/26/2020 09/26/20 For Sale $429,000 -- $376 / 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 $5,522 $507,519 $94,319 $413,200
2023 $5,376 $471,619 $94,319 $377,300
2022 $4,874 $398,240 $85,540 $312,700
2021 $4,830 $341,080 $87,780 $253,300
2020 $4,870 $315,800 $77,600 $238,200
2019 $4,997 $322,400 $77,600 $244,800
2018 $4,933 $322,400 $77,600 $244,800
2017 $5,135 $327,100 $75,400 $251,700
2016 $5,031 $325,400 $73,700 $251,700
2015 $4,940 $325,400 $0 $0
2014 $4,842 $325,400 $73,700 $251,700
2013 $4,491 $325,400 $73,700 $251,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1470503

Maine Listings

APN: OOBH-000306-000001-000002-000509