$218,000
SOLD FEB 4, 2022

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

2 Beds
1 Bath
885 Sq Ft
$275/mo HOA Fee

Recently Sold

$246 Per Sq Ft

3% Below List Price

Highlights

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

About This Home

As of September 2023

Well maintained first floor condo. 1 mile from the beach. Private and quiet location set in the back. Abuts the wood line. 2 reserved parking spaces. Laundry in unit. Dogs allowed. Lots of land. Close to town and all amenities. Easy and efficient to heat.

Last Agent to Sell the Property

Meghan Kerry

EXP Realty Listed on: 12/28/2021

EXP Realty

Last Buyer's Agent

Meghan Kerry

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,774

Year Built

  • Built in 1992

Lot Details

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

HOA Fees

  • $275 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 885 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Views of Woods

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking
  • Reserved 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
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • No Rentals Allowed
  • Legal Lot and Block 5-33 / 1
  • Assessor Parcel Number 2NewColonyDriveOldOrchardBeachME

Community Details

Overview

  • 5 Buildings
  • 8 Units
  • Pilgrim Place Subdivision

Recreation

  • Country Club

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,774

Year Built

Built in 1992

Lot Details

0

HOA Fees

$275 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: Cascade Road to Ross Road. New Colony Drive on the left. Pilgrim Place
  • 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:Seasonal: 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:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 275.0
  • 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:Rental Allowed: No
  • Condominium:Units in Building: 8
  • Style:Garden: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Heat Fuel:Gas Natural: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Floors:Laminate: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Roads:Dead End: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Location:Near Country Club: Yes
  • Utility Info Electric On Site: Yes
  • Condominium:Total Units4: 40
  • Condominium:_pound_ of Buildings: 5
  • Condominium:VA Certification: No
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Wooded, Intown, Near Golf Course, Near Public Beach, Near Turnpike/Interstate, Near Town
  • 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, Common, On Site, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other, Baseboard
  • Heating Yn: Yes
  • Electric: On Site, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 275.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: 2 Pets

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 219106.8
  • Parcel #: 2NewColonyDriveOldOrchardBeachME
  • Zoning: RD

Multi Family

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

Tax Info

  • Tax Annual Amount: 1774.0
  • Tax Block: 1
  • Tax Book Number: 14580
  • Tax Lot: 5-33
  • Tax Map Number: 103
  • Tax Year: 2021

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
Current Estimated Value
$293,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,939
Avg. Annual Appreciation
3.26%
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

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $265,000 None Available
Warranty Deed $218,000 None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $198,750 Purchase Money Mortgage
Previous Owner $103,700 Unknown
Previous Owner $128,725 Purchase Money Mortgage
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: 1517079

Maine Listings

APN: OOBH-000103-000001-000005-000033