NOT LISTED FOR SALE

2 New Colony Dr Unit 33 Old Orchard Beach, ME 04064

Estimated Value: $259,000 - $311,000

2 Beds
1 Bath
885 Sq Ft
$393/mo HOA Fee

Last Sold September 22, 2023

Last sale price $265,000 $299 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,107/month

13 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • View of Trees or Woods
  • Nearby Water Access
  • Country Club
  • 5.03 Acre Lot

About This Home

As of September 2023

First floor condo in a great association! Just 1 mile from beautiful Old Orchard Beach. Unit 33 is located in the last building of the association, offering a private and quiet setting coupled with green space and 2 reserved parking spots. Laundry in-unit. Dogs allowed. Easy and efficient to heat!
Monthly HOA INCLUDES Spectrum package of Cable, Internet, & Phone! ($100 value) Furniture can be included in the sale at an additional cost.

A special assessment is in discussion which would require each unit owner to pay $10,000 to perform paving & additional upgrades. Payable in a variety of ways: $200/month for 4 years | $2500/year for 4 years | $10,000 up front. Please discuss the assessment with your client before scheduling a showing.

Last Agent to Sell the Property

Elena Barnes

Landing Real Estate Listed on: 08/15/2023

Last Buyer's Agent

Kenny Greene

Real Broker License #BR913886

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,291

Year Built

  • Built in 1992

Lot Details

  • Ocean Front
  • Property fronts a private road
  • Public Beach
  • Street terminates at a dead end
  • Landscaped
  • Open Lot
  • Wooded Lot

HOA Fees

  • $393 Monthly HOA Fees

Home Design

  • Garden Apartment
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 885 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Views of Woods
  • Laundry on main level

Kitchen

  • Electric Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom
  • Bathtub
  • Shower Only

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access

Location

  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 5-33
  • Assessor Parcel Number OOBH-000103-000001-000005-000033

Community Details

Overview

  • 5 Buildings
  • 8 Units
  • Pilgrim Place Subdivision

Recreation

  • Country Club

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,291

Year Built

Built in 1992

Lot Details

0

HOA Fees

$393 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 5.03
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Pilgrim Place
  • Directions: Off Ross Rd/Portland Ave
  • Above Grade Finished Sq Ft: 885.0
  • Architectural Style: Garden
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Year Built: 1992
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 5.03
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 885.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 393.0
  • Location Information:Fee Frequency Paid: Monthly
  • Roads:Private: Yes
  • Foundation Materials:Slab: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 8
  • Style:Garden: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Heat Fuel:Gas Natural: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Basement:Slab2: Yes
  • Roads:Dead End: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Location:Near Country Club: Yes
  • Condominium:Total Units4: 40
  • Condominium:_pound_ of Buildings: 5
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Number Of Buildings: 5
  • Appliances: Refrigerator, Microwave, Electric Range, Disposal
  • Has Basement: Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, Shower
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Wooded, Intown, Near Golf Course, Near Public Beach, Near Shopping
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Shingle

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: Other, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 393.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 219106.8
  • Parcel #: OOBH-000103-000001-000005-000033
  • Zoning: RD

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 40

Tax Info

  • Tax Annual Amount: 2291.0
  • Tax Book Number: 18946
  • Tax Lot: 5-33
  • Tax Map Number: 103/1
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Sep 22, 2023
Sold by
Palladino Gabriella and Palladino Gerard
Bought by
Hillman Jaime
Seller's Agent
Elena Barnes
Landing Real Estate
Buyer's Agent
Kenny Greene
Real Broker
List Price
$265,000
Sold Price
$265,000
Total Days on Market
13
Current Estimated Value
$282,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,366
Avg. Annual Appreciation
3.72%
Original Mortgage
$198,750
Outstanding Balance
$195,462
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$86,904

Purchase Details

Listed on
Dec 28, 2021
Closed on
Feb 4, 2022
Sold by
Kerry Meghan
Bought by
Palladino Gabriella and Palladino Gerard
Seller's Agent
Meghan Kerry
EXP Realty
Buyer's Agent
Meghan Kerry
Coldwell Banker Realty
List Price
$225,000
Sold Price
$218,000
Premium/Discount to List
-$7,000
-3.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.72%

Purchase Details

Closed on
Aug 29, 2005
Sold by
Jalbert Kristi L
Bought by
Kerry Meghan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,725
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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
Hillman Jaime $265,000 None Available
Palladino Gabriella $218,000 None Available
Kerry Meghan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hillman Jaime $198,750
Previous Owner Kerry Meghan $103,700
Previous Owner Kerry Meghan $128,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2023 09/22/23 Sold $265,000 0.0% $299 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $265,000 +21.6% $299 / Sq Ft
02/04/2022 02/04/22 Sold $218,000 -3.1% $246 / Sq Ft
12/28/2021 12/28/21 For Sale $225,000 -- $254 / Sq Ft
12/27/2021 12/27/21 Pending -- -- --
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 $2,584 $237,500 $15,400 $222,100
2023 $2,516 $220,700 $13,200 $207,500
2022 $2,291 $187,200 $13,200 $174,000
2021 $1,774 $125,300 $13,200 $112,100
2020 $1,772 $114,900 $13,200 $101,700
2019 $1,747 $112,700 $13,200 $99,500
2018 $1,707 $112,700 $13,200 $99,500
2017 $1,719 $109,500 $11,000 $98,500
2016 $1,710 $110,600 $11,000 $99,600
2015 $1,679 $110,600 $11,000 $99,600
2014 $1,646 $110,600 $11,000 $99,600
2013 $1,526 $110,600 $11,000 $99,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1568856

Maine Listings

APN: OOBH-000103-000001-000005-000033