$240,000
SOLD JUL 13, 2020

15 Olympia Ave Unit 1 Old Orchard Beach, ME 04064

4 Beds
1.5 Baths
1,426 Sq Ft
$250/mo HOA Fee

Recently Sold

$168 Per Sq Ft

7% Above List Price

2 Days on Market

Highlights

  • 0.83 Acre Lot
  • Hot Water Heating System
  • Carpet
  • Corner Lot
  • 1 Car Garage

About This Home

As of February 2024

Take advantage of this rare opportunity to buy a condo in the Olympia Commons Condo Association. These do not come on the market very often! With 4 bedrooms, a garage, and a very convenient location this property is difficult to beat.

Last Agent to Sell the Property

Justin Johnson

Bean Group Listed on: 06/06/2020

Last Buyer's Agent

Kathleen Scott

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,912

Year Built

  • Built in 1988

Lot Details

  • Level Lot

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Driveway

Home Design

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

Interior Spaces

  • 1,426 Sq Ft Home
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Community Details

  • 2 Units
  • FHA/VA Approved Complex

Listing and Financial Details

  • Tax Lot 54-1
  • Assessor Parcel Number OOBH-000210-000002-000054-000001

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,912

Year Built

Built in 1988

Lot Details

0

HOA Fees

$250 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.83
  • MLS Status: Closed
  • Directions: Saco Ave (Route 5) to Olympia Avenue to Olympia Commons on your left. Sign at Street, proceed to unit #1.
  • Above Grade Finished Sq Ft: 1426.0
  • Architectural Style: Townhouse
  • Garage Yn: Yes
  • Year Built: 1988
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.83
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1426.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Location Information:Association Fee: 250.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: Yes
  • Condominium:Units in Building: 2
  • Vehicle Storage:_one_ Car: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Short Sale Continue to Show: No
  • Style:Townhouse: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: VirtualTour

Interior Features

  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No

Exterior Features

  • Lot Features: Corner Lot, Level, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

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

Condo/Co-op/Association

  • Association Fee: 250.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 36154.8
  • Parcel #: OOBH-000210-000002-000054-000001
  • Zoning: Residential

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Annual Amount: 2912.0
  • Tax Book Number: 6989
  • Tax Lot: 54-1
  • Tax Map Number: 210
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2023
Closed on
Feb 29, 2024
Sold by
Conley Kenneth H
Bought by
Koch Noah and Bolduc Emily
Seller's Agent
Kathleen Scott
Coldwell Banker Realty
Buyer's Agent
Autumn Potter
Keller Williams Realty
List Price
$489,000
Sold Price
$399,000
Premium/Discount to List
-$90,000
-18.4%
Views
4
Current Estimated Value
$406,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,775
Avg. Annual Appreciation
1.87%
Original Mortgage
$379,050
Outstanding Balance
$374,173
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$35,372

Purchase Details

Listed on
Jun 6, 2020
Closed on
Jul 13, 2020
Sold by
Munroe James F Est and Mooney
Bought by
Conley Kenneth H
Seller's Agent
Justin Johnson
Bean Group
Buyer's Agent
Kathleen Scott
Coldwell Banker Realty
List Price
$225,000
Sold Price
$240,000
Premium/Discount to List
$15,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.03%
Original Mortgage
$170,000
Interest Rate
3.1%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed -- None Available
Personal Reps Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $379,050 Purchase Money Mortgage
Previous Owner $30,000 Credit Line Revolving
Previous Owner $170,000 New Conventional
Previous Owner $292,500 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $82,000 Unknown
Previous Owner $82,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $399,000 -2.7% $280 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
01/12/2024 01/12/24 Price Changed $409,900 -16.2% $287 / Sq Ft
09/17/2023 09/17/23 For Sale $489,000 +103.8% $343 / Sq Ft
07/13/2020 07/13/20 Sold $240,000 +6.7% $168 / Sq Ft
06/09/2020 06/09/20 Pending -- -- --
06/06/2020 06/06/20 For Sale $225,000 -- $158 / 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 $4,019 $369,400 $16,900 $352,500
2023 $3,818 $334,900 $15,100 $319,800
2022 $3,476 $284,000 $13,700 $270,300
2021 $3,078 $217,400 $13,700 $203,700
2020 $2,897 $187,900 $12,600 $175,300
2019 $2,912 $187,900 $12,600 $175,300
2018 $2,674 $189,800 $12,600 $177,200
2017 $2,931 $186,700 $11,200 $175,500
2016 $2,910 $188,200 $10,800 $177,400
2015 $2,857 $188,200 $10,800 $177,400
2014 $2,800 $188,200 $10,800 $177,400
2013 $2,597 $188,200 $10,800 $177,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1455164

Maine Listings

APN: OOBH-000210-000002-000054-000001