Seller's Agent in 2023
Mollie Swett
Regency Realty Group
(207) 239-2220
1 in this area
5 Total Sales
20 Grove Ave Old Orchard Beach, ME 04064
Estimated Value: $562,000 - $678,000
5
Beds
2
Baths
2,947
Sq Ft
$210/Sq Ft
Est. Value
Highlights
- Ocean Front
- Public Beach
- Scenic Views
- Nearby Water Access
- Country Club
- Deck
About This Home
As of September 2023** POTENTIAL FOR THIRD UNIT!!! So many opportunities to add value with current rents that are below market value AND easy third unit potential with proper egress window installation. Third unit kitchen and bathroom have already been installed for you!Whether you are looking for a beachside retreat or an investment property, this 2 unit (with potential third) is your opportunity. Don't miss out on your chance to own a slice of paradise in charming Old Orchard Beach. Boasting two 2 bedroom, 1 bath units with well-designed layouts and an abundance of sunlight. The property offers an expansive yard ideal for outdoor gatherings, BBQ's and pure relaxation. The property also offers plenty of off-street parking to accommodate residents and guests alike. A mere 5 minute walk to beautiful Old Orchard beach where you can indulge in delicious food, incredible sunrises and sun-soaked days.
Last Buyer's Agent
Mollie Swett
Dream Home Realty LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,082
Year Built
- Built in 1940
Lot Details
- 9,583 Sq Ft Lot
- Ocean Front
- Public Beach
- Level Lot
Home Design
- Block Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Double Pane Windows
- Scenic Vista Views
- Laundry on main level
- Attic
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub
- Shower Only
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Interior Basement Entry
- Sump Pump
Parking
- Gravel Driveway
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Deck
- Shed
- Enclosed Glass Porch
Location
- Property is near public transit
- Property is near a golf course
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Propane
- High-Efficiency Furnace
- Baseboard Heating
- Hot Water Heating System
- Tankless Water Heater
Listing and Financial Details
- Legal Lot and Block 3 / 25
- Assessor Parcel Number 20GroveAveOldOrchardBeach04064
Community Details
Overview
- No Home Owners Association
- 2 Units
Recreation
- Country Club
Building Details
- Operating Expense $8,800
- Gross Income $55,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2023
Closed on
Sep 6, 2023
Sold by
Copeland Christine A
Bought by
Popov Victor G and Popov Nataylia
Seller's Agent
Mollie Swett
Regency Realty Group
Buyer's Agent
Mollie Swett
Regency Realty Group
List Price
$650,000
Sold Price
$565,000
Premium/Discount to List
-$85,000
-13.08%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,880
Avg. Annual Appreciation
4.99%
Original Mortgage
$423,750
Outstanding Balance
$416,538
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$205,056
Purchase Details
Closed on
Oct 26, 2018
Sold by
Grailich Derrick R and Grailich Albert Christine
Bought by
Copeland Christine A
Purchase Details
Listed on
Jan 7, 2016
Closed on
Mar 31, 2016
Sold by
Hill Street Apts Llc
Bought by
Albert Christine M and Grailich Derrick R
Seller's Agent
Robert Edgerley
Keller Williams Realty
Buyer's Agent
Christine Albert
Bean Group
List Price
$199,000
Sold Price
$199,500
Premium/Discount to List
$500
0.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.85%
Original Mortgage
$195,886
Interest Rate
3.65%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 19, 2015
Sold by
Jarry Karen B and Deutsche Bk Natl T Co Tr
Bought by
Deutsche Bk Natl T Co Tr
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Popov Victor G | -- | None Available | |
| Copeland Christine A | -- | -- | |
| Albert Christine M | -- | -- | |
| Deutsche Bk Natl T Co Tr | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Popov Victor G | $423,750 | |
| Previous Owner | Albert Christine M | $195,886 | |
| Previous Owner | Hill St Apts Llc | $400,000 | |
| Previous Owner | Jarry Richard P | $202,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2023 09/06/23 | Sold | $565,000 | -13.1% | $192 / Sq Ft |
| 08/01/2023 08/01/23 | Pending | -- | -- | -- |
| 06/08/2023 06/08/23 | For Sale | $650,000 | +225.8% | $221 / Sq Ft |
| 03/30/2016 03/30/16 | Sold | $199,500 | +0.3% | $69 / Sq Ft |
| 02/23/2016 02/23/16 | Pending | -- | -- | -- |
| 01/07/2016 01/07/16 | For Sale | $199,000 | +145.7% | $69 / Sq Ft |
| 09/21/2015 09/21/15 | Sold | $81,000 | +11.3% | $42 / Sq Ft |
| 08/06/2015 08/06/15 | Pending | -- | -- | -- |
| 07/16/2015 07/16/15 | For Sale | $72,800 | -- | $38 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $4,910 | $451,300 | $132,700 | $318,600 |
| 2023 | $4,397 | $385,700 | $113,100 | $272,600 |
| 2022 | $4,082 | $333,500 | $90,100 | $243,400 |
| 2021 | $4,074 | $287,700 | $81,200 | $206,500 |
| 2020 | $4,032 | $261,500 | $70,500 | $191,000 |
| 2019 | $4,053 | $261,500 | $70,500 | $191,000 |
| 2018 | $2,497 | $258,900 | $70,500 | $188,400 |
| 2017 | $3,302 | $210,300 | $59,200 | $151,100 |
| 2016 | $1,721 | $111,300 | $60,600 | $50,700 |
| 2015 | $1,690 | $111,300 | $60,600 | $50,700 |
| 2014 | $3,469 | $233,100 | $60,600 | $172,500 |
| 2013 | $3,217 | $233,100 | $60,600 | $172,500 |
Source: Public Records
Agents Affiliated with this Home
-
Mollie Swett
-
R
Seller's Agent in 2016
Robert Edgerley
Keller Williams Realty
-
C
Buyer's Agent in 2016
Christine Albert
Bean Group
Map
Source: Maine Listings
MLS Number: 1561499
APN: OOBH-000206-000025-000003
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