Seller's Agent in 2024
Steve & Jennifer Erickson
Coldwell Banker Realty
(207) 423-3936
19 in this area
59 Total Sales
20 Ivy Ave Old Orchard Beach, ME 04064
Estimated Value: $534,000 - $655,000
3
Beds
2
Baths
1,710
Sq Ft
$341/Sq Ft
Est. Value
Highlights
- Ocean Front
- Public Beach
- Deck
- Nearby Water Access
- Country Club
- Property is near public transit
About This Home
As of November 2024Great investment opportunity to own property and have one of the units help pay your mortgage. Well maintained 2 unit located just a short distance form the sandy beaches of Old Orchard. The 1st floor is a 1 bedroom unit and 2nd floor is a 2 bedroom. Most of the furnishings are staying with the property. The current owner lives on the lower level and rents out the 2nd floor unit monthly in the Fall and goes to early Spring. Then they have daily and weekly rentals for the Summer season.
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Phone: 207-282-5988 Listed on: 08/06/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,944
Year Built
- Built in 2005
Lot Details
- 2,614 Sq Ft Lot
- Ocean Front
- Public Beach
- Corner Lot
- Level Lot
- Open Lot
Home Design
- 1,710 Sq Ft Home
- Raised Ranch Architecture
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Shower Only
Parking
- Common or Shared Parking
- Shared Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Deck
Location
- Property is near public transit
- Property is near a golf course
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
Listing and Financial Details
- Legal Lot and Block 5 / 12
- Assessor Parcel Number 20IvbeyAvenueOldOrchardBeachMe04064
Community Details
Overview
- No Home Owners Association
- 2 Units
Recreation
- Country Club
Building Details
- Operating Expense $3,000
- Gross Income $24,987
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 6, 2024
Closed on
Nov 5, 2024
Sold by
Zaborowski Helen
Bought by
Odonnell Christopher
Seller's Agent
Steve & Jennifer Erickson
Coldwell Banker Realty
Buyer's Agent
Elena Barnes
Landing Real Estate
List Price
$594,900
Sold Price
$555,000
Premium/Discount to List
-$39,900
-6.71%
Views
47
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
$28,897
Avg. Annual Appreciation
4.90%
Original Mortgage
$380,000
Outstanding Balance
$376,189
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$207,709
Purchase Details
Closed on
Nov 5, 2007
Sold by
Exterior Designs Llc
Bought by
Docouto Edward M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 11, 2007
Sold by
Exterior Designs Llc
Bought by
Docouto Edward M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Odonnell Christopher | $555,000 | None Available | |
| Odonnell Christopher | $555,000 | None Available | |
| Docouto Edward M | -- | -- | |
| Docouto Edward M | -- | -- | |
| Docouto Edward M | -- | -- | |
| Docouto Edward M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Odonnell Christopher | $380,000 | |
| Closed | Odonnell Christopher | $380,000 | |
| Previous Owner | Docouto Edward M | $160,000 | |
| Previous Owner | Docouto Edward M | $160,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2024 11/05/24 | Sold | $555,000 | -4.3% | $325 / Sq Ft |
| 10/08/2024 10/08/24 | Pending | -- | -- | -- |
| 09/30/2024 09/30/24 | Price Changed | $580,000 | -2.5% | $339 / Sq Ft |
| 08/06/2024 08/06/24 | For Sale | $594,900 | -- | $348 / 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 | $4,632 | $425,700 | $110,400 | $315,300 |
| 2023 | $4,229 | $371,000 | $92,300 | $278,700 |
| 2022 | $3,946 | $322,400 | $70,700 | $251,700 |
| 2021 | $3,388 | $239,300 | $57,300 | $182,000 |
| 2020 | $3,363 | $218,100 | $49,800 | $168,300 |
| 2019 | $3,381 | $218,100 | $49,800 | $168,300 |
| 2018 | $3,026 | $213,000 | $49,800 | $163,200 |
| 2017 | $3,058 | $194,800 | $43,400 | $151,400 |
| 2016 | $3,018 | $195,200 | $42,200 | $153,000 |
| 2015 | $2,963 | $195,200 | $42,200 | $153,000 |
| 2014 | $2,905 | $195,200 | $42,200 | $153,000 |
| 2013 | $2,694 | $195,200 | $42,200 | $153,000 |
Source: Public Records
Agents Affiliated with this Home
-
Steve & Jennifer Erickson
-
Elena Barnes
E
Buyer's Agent in 2024
Elena Barnes
Landing Real Estate
(207) 441-0175
5 in this area
35 Total Sales
Map
Source: Maine Listings
MLS Number: 1599389
APN: OOBH-000206-000012-000005
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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