NOT LISTED FOR SALE
-- Bed
6 Baths
3,278 Sq Ft
5,663 Sq Ft Lot

Last Sold December 23, 2021

Last sale price $560,000 $171 Per Sq Ft

214 Days on Market

Highlights

  • Nearby Water Access
  • Country Club
  • Property is near public transit
  • Public Beach
  • Deck
  • Wood Flooring

About This Home

As of December 2021

This well maintained, owner occupied FIVE-UNIT is located in the heart of Old Orchard Beach! Nicely perched on a corner lot, the sky is the limit with this property! Short walking distance to downtown and all its amenities (shops, restaurants, bars) as well as the public beach, park, tennis/basketball courts, schools and the Amtrak line. It features a two-bedroom on the first floor; studio and one-bedroom on the second floor and two separate (detached) one-bedroom cabins. Tenants are year-round (TAW for all units) and the current rents are below market rates. Property is being SOLD AS-IS. Don't miss out on this rare investment opportunity!

Last Agent to Sell the Property

Patrick Ouellette

Realty Sales Inc Listed on: 11/06/2021

Last Buyer's Agent

Josh Plowman

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,160

Year Built

  • Built in 1940

Lot Details

  • 5,663 Sq Ft Lot
  • Public Beach
  • Corner Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Screened Porch

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 6 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement

Outdoor Features

  • Nearby Water Access
  • Deck

Location

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

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 4 / 4
  • Assessor Parcel Number OOBH-000206-000004-000004

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $15,560
  • Gross Income $74,436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,160

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: On the corner of Glenwood Ave and Saco Ave.
  • Above Grade Finished Sq Ft: 3028.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 3028.0
  • Property Information:SqFt Finished Below Grade: 250.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 74436.0
  • Income Expenses Operating Expenses: 15560.0
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Basement:BrickMortar: Yes
  • Property Information:Deed Restrictions: Unknown
  • Location:Near Country Club: Yes
  • Water Heater:Tank: Yes
  • Location:Near Railroad: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Building Info:_pound_ Floors3: 2
  • Patio and Porch Features:Porch-Screened: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Brick/Mortar, Full, Not Applicable
  • Full Bathrooms: 6
  • Below Grade Sq Ft: 250.0
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Retail Strip, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Porch, Screened
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: OOBH-000206-000004-000004
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 74436.0
  • Annual Operating Expense: 15560.0

Tax Info

  • Tax Annual Amount: 4160.0
  • Tax Block: 4
  • Tax Book Number: 14720
  • Tax Lot: 4
  • Tax Map Number: 206
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2021 12/23/21 Sold $560,000 +1.8% $171 / Sq Ft
11/06/2021 11/06/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $550,000 -- $168 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1486482

Maine Listings