NOT LISTED FOR SALE

Grand Victorian 1 E Grand Ave Unit 510 Old Orchard Beach, ME 04064

Estimated Value: $760,078 - $849,000

3 Beds
2 Baths
1,370 Sq Ft
$672/mo HOA Fee

Last Sold December 17, 2019

Last sale price $460,000 $336 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $5,692/month

140 Days on Market

Highlights

  • 100 Feet of Waterfront
  • In Ground Pool
  • Property is near public transit
  • Public Beach
  • Deck
  • 4-minute walk to Veterans Memorial Park

About This Home

As of December 2019

This type of unit does not often come on the market!! A penthouse level three-bedroom, two-bathroom Condo located at the Oceanfront Grand Victorian, the most popular destination for travelers to Old Orchard Beach. This unit is also on the most popular side to maximize your rental income, which in the summer weeks goes from the mid to high-3000's. This unit has extensive private decking with breathtaking views of the beach and ocean. The facility boasts an indoor pool, a fitness center, and a sauna. Use this beautiful Condo for yourself, rent it, or do a little of both!! This Condo transfers with all existing furnishings.

Last Agent to Sell the Property

Michael Morong

Bean Group Listed on: 03/05/2019

Last Buyer's Agent

Michael Morong

Coldwell Banker Simpson Associates, REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,172

Year Built

  • Built in 2006

Lot Details

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

HOA Fees

  • $672 Monthly HOA Fees

Home Design

  • Victorian Architecture
  • Steel Frame
  • Shingle Roof

Interior Spaces

  • 1,370 Sq Ft Home
  • 1-Story Property
  • Furnished

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub

Home Security

Parking

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

Outdoor Features

  • In Ground Pool
  • Deck

Location

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

Utilities

  • Central Air
  • Heating System Uses Propane
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2-510
  • Assessor Parcel Number 1EastGrandAvenueOldOrchardBeach04064

Community Details

Overview

  • 51 Units

Amenities

  • Elevator
  • Service Elevator

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,172

Year Built

Built in 2006

Lot Details

0

HOA Fees

$672 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 right in the heart of Old Orchard Beach, directly in front of the World Famous Pier!
  • Above Grade Finished Sq Ft: 1370.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • 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: 1370.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: 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
  • Driveway:Paved2: Yes
  • Amenities:Pool-In Ground: Yes
  • Location Information:Association Fee: 672.0
  • 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
  • Amenities:One-Floor Living: Yes
  • Cooling:Central Air: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Equipment:Internet Access Available: Yes
  • Equipment:Cable: Yes
  • Amenities:Furniture Included: Yes
  • Construction:Steel Frame: Yes
  • Location:Near Railroad: 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

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Elevator Passenger, Furniture Included, Bathtub, Elevator Freight, One-Floor Living

Exterior Features

  • Lot Features: Corner Lot, Landscaped, Intown, Near Golf Course, Near Public Beach, Near Railroad
  • 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, Off Street

Utilities

  • Security: Sprinkler, Fire System
  • 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: 672.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Parcel #: 1EastGrandAvenueOldOrchardBeach04064
  • Zoning: CZ1

Multi Family

  • Number Of Units In Community: 51

Tax Info

  • Tax Annual Amount: 6172.0
  • Tax Book Number: 15465
  • Tax Lot: 2-510
  • Tax Map Number: 306
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2019
Closed on
Dec 16, 2019
Sold by
Istvan Carmine G and Istvan Carmine
Bought by
Mountain John W and Mountain Tracy V
Seller's Agent
Michael Morong
Bean Group
Buyer's Agent
Michael Morong
Coldwell Banker Simpson Associates, REALTORS
List Price
$495,000
Sold Price
$460,000
Premium/Discount to List
-$35,000
-7.07%
Current Estimated Value
$805,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,770
Avg. Annual Appreciation
9.75%
Original Mortgage
$345,000
Outstanding Balance
$307,418
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$473,794

Purchase Details

Closed on
Aug 4, 2008
Sold by
Agger Robert C
Bought by
Istvan Carmine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.47%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 4, 2007
Sold by
Grand Victorian Llc
Bought by
Agger Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.55%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Mountain John W -- None Available
Istvan Carmine G -- --
Agger Robert C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mountain John W $345,000
Previous Owner Agger Robert C $352,000
Previous Owner Agger Robert C $360,000
Previous Owner Agger Robert C $385,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2019 12/17/19 Sold $460,000 -7.1% $336 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $495,000 -- $361 / 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 $7,560 $694,819 $94,319 $600,500
2023 $7,325 $642,519 $94,319 $548,200
2022 $6,643 $542,740 $85,540 $457,200
2021 $6,485 $457,980 $87,780 $370,200
2020 $6,567 $425,900 $77,600 $348,300
2019 $6,719 $433,500 $77,600 $355,900
2018 $6,172 $403,400 $77,600 $325,800
2017 $6,421 $409,000 $75,400 $333,600
2016 $6,320 $408,800 $73,700 $335,100
2015 $6,206 $408,800 $0 $0
2014 $6,083 $408,800 $73,700 $335,100
2013 $5,641 $408,800 $73,700 $335,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michael Morong

    Bean Group

  • M

    Buyer's Agent in 2019

    Michael Morang

    Plowman Realty Group

    6 in this area

    38 Total Sales

    Michael Morang
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About Grand Victorian

Map

Source: Maine Listings

MLS Number: 1405796

Maine Listings

APN: OOBH-000306-000001-000002-000510

Maine York County Old Orchard Beach 04064

1 E Grand Ave Unit 510, Old Orchard Beach, ME

This home is located at 1 E Grand Ave Unit 510, Old Orchard Beach, ME 04064 since 05 March 2019 and is currently estimated at $805,770, approximately $588 per square foot. This property was built in 2006. 1 E Grand Ave Unit 510 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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