NOT LISTED FOR SALE

135 Portland Ave Unit 502 Old Orchard Beach, ME 04064

Estimated Value: $293,000 - $327,000

2 Beds
1 Bath
695 Sq Ft
$224/mo HOA Fee

Last Sold July 07, 2023

Last sale price $275,000 $396 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,071/month

4 Days on Market

Highlights

  • Nearby Water Access
  • Main Floor Bedroom
  • Bathtub
  • Deck
  • Sun or Florida Room
  • Walk-In Closet

About This Home

As of July 2023

WOW! Something relatively affordable and move-in ready... Not only that, this FHA approved condo in a coveted association offers one-floor living with very little maintenance! And who doesn't love the beach; take a two minute drive or a fifteen minute walk! Although it is intimate, it does pack a punch, featuring; two bedrooms with closets, one and a half baths, a back deck and screened-in three season porch. Newer water heater and washer/dryer installed about a year ago. Comes with two parking spots. With some new paint and a little love this place will shine. With more loving updates a favorable equity opportunity exists. Consider renting this gem out as well seasonally or year round!

Last Agent to Sell the Property

Thomas Trask

Maine Real Estate Experts Brokerage Phone: 207-400-0490 Listed on: 05/18/2023

Last Buyer's Agent

Emily Fontaine

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,366

Year Built

  • Built in 1986

Lot Details

  • Property fronts a private road

HOA Fees

  • $224 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 695 Sq Ft Home
  • Living Room
  • Sun or Florida Room
  • Screened Porch

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2-14
  • Assessor Parcel Number OOBH-000104-000002-000014-000502

Community Details

Overview

  • 6 Buildings
  • 4 Units
  • Beachwoods Condo Association Subdivision
  • FHA/VA Approved Complex

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,366

Year Built

Built in 1986

Lot Details

0

HOA Fees

$224 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private
  • MLS Status: Closed
  • Subdivision Name: Beachwoods Condo Association
  • Directions: GPS Available
  • Above Grade Finished Sq Ft: 695.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1986
  • Attribution Contact: 207-400-0490
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 395.68
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 695.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 224.0
  • Location Information:Fee Frequency Paid: Monthly
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: Yes
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 4
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Amenities:Walk-in Closets: Yes
  • Living Room:Living Room: Yes
  • Amenities:Bathtub: Yes
  • Sunroom:Sunroom: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Kitchen Countertop:Formica: Yes
  • Heat System:Direct Vent Heater: Yes
  • Condominium:Total Units4: 44
  • Condominium:_pound_ of Buildings: 6
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Advertising Remarks:Advertising Remarks: WOW! Something relatively affordable and move-in ready... Not only that, this FHA approved condo in a coveted association offers one-floor living with very little maintenance! And who doesn't love the beach; take a two minute drive or a fifteen minute walk! Although it is intimate, it does pack a punch, featuring; two bedrooms with closets, one and a half baths, a back deck and screened-in three season porch. Newer water heater and washer/dryer installed about a year ago. Comes with two parking spots. With some new paint and a little love this place will shine. With more loving updates a favorable equity opportunity exists. Consider renting this gem out as well seasonally or year round!
  • Special Features: None

Interior Features

  • Number Of Buildings: 6
  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Walk-in Closets, 1st Floor Bedroom, Bathtub, One-Floor Living, Shower
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Subdivided
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Screened
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 224.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: 2 Pets, Other Restrictions

Lot Info

  • Land Lease: No
  • Parcel #: OOBH-000104-000002-000014-000502
  • Zoning: RD

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 44

Tax Info

  • Tax Annual Amount: 2366.0
  • Tax Lot: 2-14
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jul 7, 2023
Sold by
Pooler Craig S
Bought by
Drake-Michaud Emily and Haroldsen Dylan J
Seller's Agent
Thomas Trask
Maine Real Estate Experts
Buyer's Agent
Emily Fontaine
Coldwell Banker Realty
List Price
$265,000
Sold Price
$275,000
Premium/Discount to List
$10,000
3.77%
Current Estimated Value
$306,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,059
Avg. Annual Appreciation
4.60%
Original Mortgage
$261,250
Outstanding Balance
$254,500
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$51,560
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Drake-Michaud Emily $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drake-Michaud Emily $261,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2023 07/07/23 Sold $275,000 +3.8% $396 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $265,000 -- $381 / 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 $2,831 $260,200 $25,300 $234,900
2023 $2,525 $221,500 $20,200 $201,300
2022 $2,366 $193,300 $20,200 $173,100
2021 $2,099 $148,200 $20,200 $128,000
2020 $2,205 $143,000 $20,200 $122,800
2019 $1,722 $111,100 $20,200 $90,900
2018 $1,620 $105,900 $20,200 $85,700
2017 $1,600 $101,900 $15,200 $86,700
2016 $1,575 $101,900 $15,200 $86,700
2015 $1,547 $101,900 $15,200 $86,700
2014 $1,516 $101,900 $15,200 $86,700
2013 $1,434 $103,900 $15,200 $88,700
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Thomas Trask

    Maine Real Estate Experts

    Section Image

  • E

    Buyer's Agent in 2023

    Emily Fontaine

    Coldwell Banker Realty

    (207) 944-4263

    4 in this area

    76 Total Sales

    Emily Fontaine
    Section Image
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Map

Source: Maine Listings

MLS Number: 1559252

Maine Listings

APN: OOBH-000104-000002-000014-000502

Maine York County Old Orchard Beach 04064

135 Portland Ave Unit 502, Old Orchard Beach, ME

Not Listed for Sale

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