$2,175,000
SOLD SEP 16, 2024

27 Odessa Ave Old Orchard Beach, ME 04064

-- Bed
9.5 Baths
6,504 Sq Ft
1.06 Acres

Recently Sold

$334 Per Sq Ft

3% Below List Price

17 Days on Market

Highlights

  • Nearby Water Access
  • Ranch Style House
  • No HOA
  • 1.06 Acre Lot
  • Wood Flooring
  • Baseboard Heating

About This Home

As of September 2024

*Only 28 Reggio is Pending. 27-33 Odessa is still available* This active beachfront community investment has four (4) two-unit multi-family rentals on an oversized half acre (0.58) lot and a seasonal motel sits a stone's throw from the beach on .48 acres of mostly undeveloped land - one of the last remaining plots of this kind. Each of the Odessa units has 2 beds / 1 bath and parking. The .58 acre parcel on Reggio creates even more potential for expansion. There are several obvious value-add opportunities here: increased long term rentals, seasonal short term rentals, or even a conversion into 8 individual condos. The zoning density appears to allow for up to 4 units on the Reggio Lot with conditional approval. This unique package is available for the first time in 50 years, in the center of Maine's most popular beach destination. This is an opportunity not to be missed!

Last Agent to Sell the Property

Brit Vitalius

Vitalius Real Estate Group, LLC Listed on: 07/08/2024

Co-Listed By

Chris Sullivan

Vitalius Real Estate Group, LLC

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,100

Year Built

  • Built in 1960

Lot Details

  • 1.06 Acre Lot
  • Seasonal Access to Property
  • Level Lot
  • Open Lot

Parking

  • Off-Street Parking

Home Design

  • 6,504 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Flooring

  • Wood
  • Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source

Additional Features

  • Nearby Water Access

Listing and Financial Details

  • Legal Lot and Block 2-4 / 5
  • Assessor Parcel Number 27OdessaAvenueOldOrchardBeach04046

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • Operating Expense $45,182
  • Gross Income $65,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,100

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.06
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2698
  • Co List Office Phone: 207-541-3755
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 6504.0
  • Architectural Style: Duplex, Ranch
  • Garage Yn: No
  • Year Built: 1960
  • Location Information:Leased Land: No
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 1.06
  • Property Information:Total Baths: 10.0
  • Property Information:SqFt Finished Above Grade: 6504.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 9
  • Income Expenses Gross Income: 65070.0
  • Income Expenses Operating Expenses: 45182.0
  • Style:Duplex: Yes
  • Recreational Water:Nearby: Yes
  • Water:Private2: Yes
  • Basement Entry:Exterior Only: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Only, Unfinished
  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Tile
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Other, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 46173.6
  • Parcel #: 27OdessaAvenueOldOrchardBeach04046
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 65070.0
  • Annual Operating Expense: 45182.0

Tax Info

  • Tax Annual Amount: 16100.0
  • Tax Block: 5
  • Tax Book Number: 14459/9455
  • Tax Lot: 2-4
  • Tax Map Number: 315
  • Tax Year: 2023

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2024 09/16/24 Sold $2,175,000 -3.3% $334 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/08/2024 07/08/24 For Sale $2,250,000 -- $346 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brit Vitalius

    Seller's Agent in 2024

    Brit Vitalius

    Vitalius Real Estate Group, LLC

    (207) 318-2555

    1 in this area

    175 Total Sales

    Brit Vitalius
    Section Image
  • Chris Sullivan

    Seller Co-Listing Agent in 2024

    Chris Sullivan

    Vitalius Real Estate Group, LLC

    (207) 730-0884

    1 in this area

    129 Total Sales

    Chris Sullivan
    Section Image

  • N

    Buyer's Agent in 2024

    NON-MREIS AGENT

    Non MREIS Agency

See All Agents

Map

Source: Maine Listings

MLS Number: 1595571

Maine Listings

APN: OOBH M:315 B:5 L:2

Maine York County Old Orchard Beach 04064

27 Odessa Ave, Old Orchard Beach, ME

This home is located at 27 Odessa Ave, Old Orchard Beach, ME 04064 and is currently priced at $2,175,000, approximately $334 per square foot. This property was built in 1960. 27 Odessa Ave is a home located in York County with nearby schools including Jameson Elementary School, Loranger Memorial School, and Old Orchard Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings 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.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393

Nearby Homes