NOT LISTED FOR SALE

170 E Grand Ave Unit 4 Old Orchard Beach, ME 04064

Estimated Value: $648,000 - $740,156

3 Beds
2 Baths
1,741 Sq Ft
$250/mo HOA Fee

Last Sold June 28, 2019

Last sale price $380,000 $218 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,689/month

47 Days on Market

Highlights

  • Nearby Water Access
  • 1.03 Acre Lot
  • Wood Flooring
  • Public Beach
  • Deck
  • 1 Fireplace

About This Home

As of June 2019

Pristine and spacious 3 bedroom, 2 full bath beauty directly across the street from the beautiful northern end of Old Orchard Beach and only 1 mi. from the infamous Pier. Investors or supplemental income seekers, rents for $2200-$2400 a week in summers (always booked solid), and $1600/mo.off season (winter), Sept thru May. Roughly $35K-$40K/yr in gross income potential. Quaint, quiet and friendly complex of only 10 units, 2 assigned parking spots, 1 inside the garage. Unit will be sold fully furnished and equipped, turn key for summer rentals in place, except for some personal belongings, but you must act fast - only available for offers through Memorial Day Weekend (summer rental season restricts ability to show property). Compare to what's out there. 3 bedroom condos on the beach are extremely hard to find. Best buy out there on the beach! Plus, you will receive collected summer rental monies with a closing by 7/1/2019, so it's an immediate $10K-$15K cash back at closing.

Last Agent to Sell the Property

Paul Marino

Landfall Properties LLC Listed on: 05/28/2019

Last Buyer's Agent

Tyler Hall

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,711

Year Built

  • Built in 2005

Lot Details

  • Public Beach
  • Landscaped

HOA Fees

  • $250 Monthly HOA Fees

Parking

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

Home Design

  • Concrete Foundation
  • Steel Frame
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,741 Sq Ft Home
  • Multi-Level Property
  • Ceiling Fan
  • 1 Fireplace
  • Double Pane Windows

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Nearby Water Access
  • Deck

Location

  • Property is near a golf course

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 8-4 / 7
  • Assessor Parcel Number OOBH-000302-000007-000008-000004

Community Details

Overview

  • 11 Units

Amenities

  • Elevator
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,711

Year Built

Built in 2005

Lot Details

0

HOA Fees

$250 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 1.03
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1741.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Efficiency: Double Pane Windows
  • Year Built: 2005
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 1.03
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1741.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: 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: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 11
  • Kitchen Countertop:Granite: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Construction:Steel Frame: Yes
  • Vehicle Storage:Under: Yes
  • Amenities:Elevator Passenger: Yes
  • Condominium:Total Units4: 11
  • Condominium:_pound_ of Buildings: 1
  • Property Sub-Type Property Sub-Type: Condominium
  • Property Information # Fireplaces: 1
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
  • Has Basement: Full, Walk-Out Access
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Elevator Passenger, Bathtub, Storage, Primary Bedroom w/Bath
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Near Golf Course, Near Public Beach, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Steel Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, Common, Off Street, Underground

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Hot Air
  • 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

Schools

  • Junior High Dist: RSU 23

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 44866.8
  • Parcel #: OOBH-000302-000007-000008-000004
  • Zoning: BRD

Multi Family

  • Number Of Units In Community: 11
  • Number Of Units Total: 11

Tax Info

  • Tax Annual Amount: 4711.0
  • Tax Block: 7
  • Tax Book Number: 15378
  • Tax Lot: 8-4
  • Tax Map Number: 302
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2019
Sold by
Goldney Ryan M and Caponigro Michael K
Bought by
Goldney Ryan M and Goldney Lisa
Current Estimated Value
$710,289

Purchase Details

Listed on
May 28, 2019
Closed on
Jun 26, 2019
Sold by
Graham Spencer J and Graham Kathleen A
Bought by
Goldney Ryan M and Caponigro Michael K
Seller's Agent
Paul Marino
Landfall Properties LLC
Buyer's Agent
Tyler Hall
Keller Williams Realty
List Price
$389,900
Sold Price
$380,000
Premium/Discount to List
-$9,900
-2.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.93%
Original Mortgage
$342,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2008
Sold by
Rasmusson Jason and Rasmusson Erica
Bought by
Graham Spencer J and Graham Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 9, 2005
Sold by
Stanichuk
Bought by
Rasmusson Erica and Rasmusson Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Goldney Ryan M -- None Available
Goldney Ryan M -- None Available
Goldney Ryan M -- None Available
Goldney Ryan M -- None Available
Goldney Ryan M -- --
Goldney Ryan M -- --
Graham Spencer J -- --
Graham Spencer J -- --
Rasmusson Erica -- --
Rasmusson Erica -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldney Ryan M $345,000
Previous Owner Goldney Ryan M $342,000
Previous Owner Rasmusson Erica $192,500
Previous Owner Rasmusson Erica $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2019 06/28/19 Sold $380,000 -2.5% $218 / Sq Ft
06/25/2019 06/25/19 Pending -- -- --
05/08/2019 05/08/19 For Sale $389,900 -- $224 / 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 $5,785 $531,700 $169,400 $362,300
2023 $5,675 $497,800 $152,000 $345,800
2022 $5,355 $437,500 $121,500 $316,000
2021 $5,433 $383,700 $124,200 $259,500
2020 $5,326 $345,400 $107,600 $237,800
2019 $5,005 $322,900 $107,600 $215,300
2018 $4,711 $307,900 $107,600 $200,300
2017 $4,610 $293,600 $95,000 $198,600
2016 $4,533 $293,200 $92,800 $200,400
2015 $4,451 $293,200 $92,800 $200,400
2014 $4,363 $293,200 $92,800 $200,400
2013 -- $293,200 $92,800 $200,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1413429

Maine Listings

APN: OOBH-000302-000007-000008-000004