NOT LISTED FOR SALE

18 Hillcrest Ave Old Orchard Beach, ME 04064

Estimated Value: $429,612 - $520,000

4 Beds
2 Baths
1,220 Sq Ft
$390/Sq Ft Est. Value

Last Sold October 07, 2016

Last sale price $213,500 $175 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $2,860/month

48 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Wood Flooring
  • Nearby Water Access
  • Property is near public transit
  • No HOA

About This Home

As of October 2016

An exceptional owner occupied or investment property in Old Orchard Beach. This two-unit property features a 2 bed, 1 bath unit with full basement, plenty of storage and laundry facilities + a one 1 bed, 1 bath unit. Single floor accessibility with ramp. Side porch, with distant ocean view. Well maintained. Good rental history with solid numbers. Licensed rental units. Minutes from OOB's famous 7 miles of golden sand, downtown. Future off street parking possible. Rental income options or family compound.

Last Agent to Sell the Property

Deborah Meek

Keller Williams Realty Brokerage Phone: 207-553-2662 Listed on: 06/15/2016

Keller Williams Realty

Last Buyer's Agent

Jennifer Eri Susan Croteau

Bean Group

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,337

Year Built

  • Built in 1940

Lot Details

  • 3,049 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Level Lot

Parking

  • No Driveway

Home Design

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

Interior Spaces

  • 1,220 Sq Ft Home
  • 1-Story Property
  • Water Views
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Crawl Space
  • Natural lighting in basement

Outdoor Features

  • Nearby Water Access
  • Porch

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 22 / 9

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,855
  • Gross Income $18,408

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,337

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Rte 5, Saco Ave to Central Park Ave. Left at intersection with Longwoods Ave and right onto Hillcrest. Property is #18 on the left.
  • Above Grade Finished Sq Ft: 1220.0
  • Architectural Style: Ranch
  • Building Stories: 1
  • Year Built: 1940
  • Attribution Contact: 207-553-2662
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1220.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 1
  • Income Expenses Gross Income: 18408.0
  • Income Expenses Operating Expenses: 7855.0
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Equipment:Internet Access Available: Yes
  • Driveway:No Driveway: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Equipment:Cable: Yes
  • Location:Near Railroad: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Building Info:_pound_ Floors3: 1
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Has Basement: Bulkhead, Crawl Space, Daylight, Full, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living
  • Stories: 1
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.2
  • Parcel #: 999999
  • Zoning: R2-Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18408.0
  • Annual Operating Expense: 7855.0

Tax Info

  • Tax Annual Amount: 2337.0
  • Tax Block: 9
  • Tax Book Number: 11020
  • Tax Lot: 22
  • Tax Map Number: 309
  • Tax Year: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2016
Closed on
Oct 11, 2016
Sold by
Lavenbein Michael J and Lavenbein Janet H
Bought by
Turner Lori A and Coviello Carol A
Seller's Agent
Deborah Meek
Keller Williams Realty
Buyer's Agent
Jennifer Eri Susan Croteau
Bean Group
List Price
$225,000
Sold Price
$213,500
Premium/Discount to List
-$11,500
-5.11%
Current Estimated Value
$470,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,146
Avg. Annual Appreciation
9.39%
Original Mortgage
$170,800
Outstanding Balance
$138,629
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$333,875

Purchase Details

Closed on
Dec 30, 2010
Sold by
Holmes Cristi M and Campbell Craig R
Bought by
Folsom Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 6, 2006
Sold by
Lavenbein Janet H
Bought by
Campbell Craig and Holmes Cristi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,450
Interest Rate
6.4%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Turner Lori A -- --
Folsom Peter -- --
Campbell Craig -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turner Lori A $170,800
Previous Owner Folsom Peter $185,000
Previous Owner Campbell Craig $185,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2016 10/07/16 Sold $213,500 -5.1% $175 / Sq Ft
08/03/2016 08/03/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $225,000 -- $184 / 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 $3,395 $312,000 $108,100 $203,900
2023 $3,073 $269,600 $90,400 $179,200
2022 $2,843 $232,300 $69,200 $163,100
2021 $2,649 $187,100 $56,900 $130,200
2020 $2,655 $172,200 $49,400 $122,800
2019 $2,669 $172,200 $49,400 $122,800
2018 $2,400 $165,900 $49,400 $116,500
2017 $2,410 $153,500 $42,600 $110,900
2016 $2,381 $154,000 $42,300 $111,700
2015 $2,338 $154,000 $42,300 $111,700
2014 $2,292 $154,000 $42,300 $111,700
2013 $2,125 $154,000 $42,300 $111,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Deborah Meek

    Keller Williams Realty

    (207) 831-8256

    9 in this area

    205 Total Sales

    Section Image

  • J

    Buyer's Agent in 2016

    Jennifer Eri Susan Croteau

    Bean Group

    Section Image
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Map

Source: Maine Listings

MLS Number: 1269011

Maine Listings

APN: OOBH-000309-000009-000022

Maine York County Old Orchard Beach 04064

18 Hillcrest Ave, Old Orchard Beach, ME

This home is located at 18 Hillcrest Ave, Old Orchard Beach, ME 04064 since 15 June 2016 and is currently estimated at $475,403, approximately $389 per square foot. This property was built in 1940. 18 Hillcrest Ave 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.

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