NOT LISTED FOR SALE

11 Wavelet St Old Orchard Beach, ME 04064

Estimated Value: $1,244,630 - $1,418,000

2 Beds
4.5 Baths
4,138 Sq Ft
$322/Sq Ft Est. Value

Last Sold December 14, 2020

Last sale price $840,000 $203 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $8,681/month

279 Days on Market

Highlights

  • Ocean Front
  • No HOA
  • Tile Flooring
  • Post and Beam
  • Cooling Available
  • Zoned Heating

About This Home

As of December 2020

Rare Oceanside 3-Unit, located near the highly coveted, stunning, 7 mile stretch of baby fine, white sand beaches of Pine Point/Old Orchard Beach. Property consists of quintessentially Maine, sweet, cedar shingled year-round home and two seasonal cottages with solid rental history and potential for excellent market value numbers//investment return long term.Massive footprint for Oceanside property. Limitless possibilities.Endless sunsets. Breathtaking views. Must see. Will not last.

NOTE: RENTAL FIGURES REFLECT ESTIMATED WEEKLY SEASONAL MARKET RATES. PRIOR INCOME FIGURES AVAILABLE UPON EXECUTION OF NDA. RENTAL SEASON RUNS MAY - OCT

Last Agent to Sell the Property

Cristina Eugen

Keller Williams Realty Listed on: 01/24/2020

Keller Williams Realty

Last Buyer's Agent

Amber Purty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,974

Year Built

  • Built in 1996

Lot Details

  • 3,920 Sq Ft Lot
  • Ocean Front
  • Level Lot
  • Open Lot

Property Views

  • Water
  • Scenic Vista

Home Design

  • 4,138 Sq Ft Home
  • Post and Beam
  • Shingle Siding

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

Basement

  • Doghouse Basement Entry
  • Interior and Exterior Basement Entry
  • Crawl Space

Parking

  • No Driveway
  • Off-Street Parking

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Oil
  • Water Heated On Demand

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 6 / 1
  • Assessor Parcel Number OOBH-000301-000001-000006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,974

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4138.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1996
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 4138.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Exterior:Shingle Siding: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:On Demand: Yes
  • Water Heater:Electric2: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Basement:Crawl Space: Yes
  • Driveway:No Driveway: Yes
  • View:Scenic: Yes
  • Construction:Post Beam: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Exterior Entry, Doghouse, Bulkhead, Interior Entry
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Flooring: Vinyl, Tile, Other

Exterior Features

  • Lot Features: Level, Open Lot, Near Turnpike/Interstate, Near Town, Neighborhood
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Shingle Siding, Other Exterior, Post & Beam
  • Foundation Details: Other
  • Roof: Other

Garage/Parking

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

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other Heat System, Multi-Zones
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: OOBH-000301-000001-000006
  • Zoning: MIXED USE

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 9974.0
  • Tax Block: 1
  • Tax Book Number: 2177
  • Tax Lot: 6
  • Tax Map Number: 301
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2020
Closed on
Dec 14, 2020
Sold by
Gagnon Sheila E
Bought by
Hayes Ryan M and Frye Tracey L
Seller's Agent
Cristina Eugen
Keller Williams Realty
Buyer's Agent
Amber Purty
Keller Williams Realty
List Price
$995,000
Sold Price
$840,000
Premium/Discount to List
-$155,000
-15.58%
Current Estimated Value
$1,331,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,658
Avg. Annual Appreciation
10.73%
Original Mortgage
$626,250
Outstanding Balance
$564,849
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$766,809
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
Hayes Ryan M -- None Available
Hayes Ryan M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hazey Properties Llc $210,000
Open Hayes Ryan M $626,250
Closed Hayes Ryan M $626,250
Previous Owner Jackson John $50,000
Previous Owner Gagnon Sheila E $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2020 12/14/20 Sold $840,000 -15.6% $203 / Sq Ft
10/30/2020 10/30/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $995,000 -- $240 / 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 $15,151 $1,392,549 $671,349 $721,200
2023 $14,509 $1,272,676 $619,376 $653,300
2022 $13,887 $1,134,540 $538,640 $595,900
2021 $11,762 $830,660 $398,860 $431,800
2020 $10,364 $697,100 $315,900 $381,200
2019 $10,145 $654,500 $315,900 $338,600
2018 $8,812 $651,900 $315,900 $336,000
2017 $9,205 $586,300 $283,000 $303,300
2016 $8,769 $567,200 $264,000 $303,200
2015 $8,610 $567,200 $264,000 $303,200
2014 $8,440 $567,200 $264,000 $303,200
2013 $7,827 $567,200 $264,000 $303,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Cristina Eugen

    Keller Williams Realty

    (207) 710-1477

    19 in this area

    70 Total Sales

    Cristina Eugen
    Section Image

  • A

    Buyer's Agent in 2020

    Amber Purty

    Keller Williams Realty

  • A

    Buyer's Agent in 2020

    Amber

    The Collective Real Estate Co

    5 in this area

    43 Total Sales

    Amber
    Section Image
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Map

Source: Maine Listings

MLS Number: 1443107

Maine Listings

APN: OOBH-000301-000001-000006

Maine York County Old Orchard Beach 04064

11 Wavelet St, Old Orchard Beach, ME

This home is located at 11 Wavelet St, Old Orchard Beach, ME 04064 since 24 January 2020 and is currently estimated at $1,331,658, approximately $321 per square foot. This property was built in 1996. 11 Wavelet St 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.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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