NOT LISTED FOR SALE

2 Fernald St Unit 35 Old Orchard Beach, ME 04064

Estimated Value: $302,000 - $395,000

1 Bed
1 Bath
547 Sq Ft
$300/mo HOA Fee

Last Sold September 11, 2017

Last sale price $187,500 $343 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,450/month

17 Days on Market

Highlights

  • 48 Feet of Waterfront
  • Public Beach
  • Furnished
  • Beach Access
  • In Ground Pool
  • Subterranean Parking

About This Home

As of September 2017

OCEANVIEWS from top floor condo and large deck area with heated pool. Recently redone with new extra windows, vinyl tile floors, and freshly painted and being sold furnished. Light and bright condo &complex allows weekly rentals and owners have good rental history with repeat tenants and peak weeks booked at $1350 a week. Great location on the beach, can walk to town. One garage spot and guest parking as well. Owners can have pets.

Last Agent to Sell the Property

Nancy Moreshead

Best Maine Beach Properties Listed on: 05/09/2017

Last Buyer's Agent

Jarrod Mallon

Bean Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,370

Year Built

  • Built in 1940

Lot Details

  • 48 Feet of Waterfront
  • Ocean Front
  • Public Beach

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • Subterranean Parking

Property Views

  • Water
  • Scenic Vista

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 547 Sq Ft Home
  • Furnished
  • Double Pane Windows

Kitchen

  • Electric Range
  • Microwave
  • Formica Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub

Outdoor Features

  • In Ground Pool
  • Beach Access

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 7 / 1
  • Assessor Parcel Number OOBH-000307-000001-000007-000035

Community Details

Overview

  • 14 Units
  • The Waverly Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,370

Year Built

Built in 1940

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Subdivision Name: The Waverly
  • Directions: West Grand Ave. to Fernald, The Waverly is on the left.
  • Above Grade Finished Sq Ft: 547.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Efficiency: Double Pane Windows
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 547.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Amenities:Pool-In Ground: Yes
  • Location Information:Association Fee: 300.17
  • Location Information:Fee Frequency Paid: Monthly
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 14
  • Water Heater:Electric2: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Recreational Water:Oceanfront: Yes
  • Water Info:Waterfront Amount -: 48.0
  • Property Information:Deed Restrictions: Unknown
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Amenities:Furniture Included: Yes
  • Roof:Membrane: Yes
  • Cooling:AC Units: Yes
  • Vehicle Storage:Under: Yes
  • Recreational Water:Beach Rights: Yes
  • Condominium:Total Units4: 14
  • Amenities:Laundry - Coin: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Furniture Included, Bathtub

Exterior Features

  • Lot Features: Level, Near Public Beach, Near Town
  • Pool Features: In Ground
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Shingle Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Membrane

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 300.17
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: OOBH-000307-000001-000007-000035
  • Zoning: DD-1

Multi Family

  • Number Of Units In Community: 14
  • Number Of Units Total: 14

Tax Info

  • Tax Annual Amount: 2370.0
  • Tax Block: 1
  • Tax Book Number: 17024
  • Tax Lot: 7
  • Tax Map Number: 307
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2021
Sold by
Parsons Joanne C
Bought by
Joanne C Parsons 2016 Ret
Total Days on Market
17
Current Estimated Value
$336,676

Purchase Details

Listed on
May 9, 2017
Closed on
Sep 12, 2017
Sold by
Mantini Melissa
Bought by
Parsons Joanne C
Seller's Agent
Nancy Moreshead
Best Maine Beach Properties
Buyer's Agent
Jarrod Mallon
Bean Group
List Price
$198,900
Sold Price
$187,500
Premium/Discount to List
-$11,400
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$96,250
Interest Rate
3.92%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 27, 2015
Closed on
May 27, 2015
Sold by
Fasulo William F and Fasulo Lynne A
Bought by
Mantini Melissa
Seller's Agent
Nancy Moreshead
Best Maine Beach Properties
Buyer's Agent
Nancy Moreshead
The Real Estate Store
List Price
$179,900
Sold Price
$174,500
Premium/Discount to List
-$5,400
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.16%
Original Mortgage
$130,875
Interest Rate
3.65%
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 Buyer Sale Price Title Company
Joanne C Parsons 2016 Ret -- None Available
Parsons Joanne C -- --
Mantini Melissa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parsons Joanne C $96,250
Previous Owner Mantini Melissa $130,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2017 09/11/17 Sold $187,500 -5.7% $343 / Sq Ft
05/27/2017 05/27/17 Pending -- -- --
05/09/2017 05/09/17 For Sale $198,900 +14.0% $364 / Sq Ft
05/22/2015 05/22/15 Sold $174,500 -3.0% $319 / Sq Ft
04/01/2015 04/01/15 Pending -- -- --
03/07/2015 03/07/15 For Sale $179,900 -- $329 / 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 $3,227 $296,600 $66,300 $230,300
2023 $3,194 $280,200 $60,900 $219,300
2022 $3,053 $249,400 $54,200 $195,200
2021 $2,900 $204,800 $46,900 $157,900
2020 $2,677 $173,600 $41,300 $132,300
2019 $2,664 $171,900 $41,300 $130,600
2018 $2,630 $171,900 $41,300 $130,600
2017 $2,449 $156,000 $38,400 $117,600
2016 $2,370 $153,300 $37,500 $115,800
2015 $2,327 $153,300 $37,500 $115,800
2014 $2,281 $153,300 $37,500 $115,800
2013 $2,116 $153,300 $37,500 $115,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1304627

Maine Listings

APN: OOBH-000307-000001-000007-000035