NOT LISTED FOR SALE

28 E Grand Ave Old Orchard Beach, ME 04064

Estimated Value: $1,048,063

9 Beds
4.5 Baths
5,722 Sq Ft
$183/Sq Ft Est. Value

Last Sold March 03, 2022

Last sale price $825,000 $144 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,262/month

78 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Wood Flooring
  • Nearby Water Access
  • Country Club
  • New Englander Architecture

About This Home

As of March 2022

Unique Property! Although currently operating as The Landmark Restaurant, the right person may see this a beautiful home. The character of this building, original tin ceilings, crown molding and rock maple floors, and some ocean views, could be an amazing transformation back to a home. Located directly across the street from the ocean, and walking distance to everything the town has to offer. Many years ago it operated as a rooming house, which is why so many bedrooms. The owners currently operate the restaurant and reside on the floor above. See also Commercial Listing MLS# 1501174 for more detail.

Last Agent to Sell the Property

Charlene Weinstein

Charlene's Coastal Properties Listed on: 07/14/2021

Last Buyer's Agent

Samuel LeGeyt

The Dunham Group

The Dunham Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,770

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Ocean Front
  • Public Beach
  • Landscaped
  • Property is zoned DD-2

Property Views

  • Water
  • Scenic Vista

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Composition Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • Multi-Level Property
  • Great Room
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Wood Flooring

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Patio
  • Shed
  • Porch

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Cable TV Available

Additional Features

  • Accessible Approach with Ramp
  • Property is near a golf course

Listing and Financial Details

  • Legal Lot and Block 006 / 005
  • Assessor Parcel Number 28EastGrandAvenueOldOrchardBeach04064

Community Details

Overview

  • No Home Owners Association

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,770

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: GIS Mapping Available
  • Above Grade Finished Sq Ft: 5222.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 5222.0
  • Property Information:SqFt Finished Below Grade: 500.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Roof:Composition2: Yes
  • Exterior:Clapboard: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Sunroom:Sunroom: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Appliances Included:Gas Range: Yes
  • Equipment:Cable: Yes
  • Great Room:Great Room: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Accessibilitiy Amenities:Ramped Main Level: Yes
  • Style:New Englander: Yes
  • Cooling:AC Units: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Gas Range, Dryer, Disposal, Dishwasher
  • Accessibility Features: Accessible Approach with Ramp
  • Has Basement: Bulkhead, Full, Exterior Entry, Interior Entry
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 9
  • Below Grade Sq Ft: 500.0
  • Fireplace: No
  • Interior Amenities: Pantry
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Third
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: Second
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second
  • Bedroom 5:Bedroom 5 Level: Third
  • Bedroom 6:Bedroom 6 Level: Third

Exterior Features

  • Lot Features: Sidewalks, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio, Porch
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Gravel, Off Street

Utilities

  • Security: Fire System
  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 28EastGrandAvenueOldOrchardBeach04064
  • Zoning: DD-2

Tax Info

  • Tax Annual Amount: 6770.0
  • Tax Block: 005
  • Tax Book Number: 7579
  • Tax Lot: 006
  • Tax Map Number: 306
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Mar 3, 2022
Sold by
Payette Richard J and Payette Eileen F
Bought by
Ragged Edge Llc
Seller's Agent
Charlene Weinstein
Charlene's Coastal Properties
Buyer's Agent
Samuel LeGeyt
The Dunham Group
List Price
$928,000
Sold Price
$825,000
Premium/Discount to List
-$103,000
-11.1%
Current Estimated Value
$1,048,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,063
Avg. Annual Appreciation
7.03%
Original Mortgage
$660,000
Interest Rate
3.69%
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 Buyer Sale Price Title Company
Ragged Edge Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ragged Edge Llc $600,000
Closed Ragged Edge Llc $660,000
Previous Owner Payette Richard J $85,000
Previous Owner Payette Richard J $88,000
Previous Owner Payette Eileen F $40,000
Previous Owner Payette Richard J $40,000
Previous Owner Payette Richard $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2022 03/03/22 Sold $825,000 -11.1% $144 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $928,000 -- $162 / Sq Ft
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 $6,746 $620,000 $253,900 $366,100
2023 $6,802 $596,700 $230,600 $366,100
2022 $7,044 $575,500 $209,400 $366,100
2021 $8,149 $575,500 $209,400 $366,100
2020 $6,345 $442,500 $209,400 $233,100
2019 $6,859 $442,500 $209,400 $233,100
2018 $6,770 $442,500 $209,400 $233,100
2017 $6,947 $442,500 $209,400 $233,100
2016 $6,827 $441,600 $209,400 $232,200
2015 $6,703 $441,600 $209,400 $232,200
2014 $6,571 $441,600 $209,400 $232,200
2013 $6,094 $441,600 $209,400 $232,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1500578

Maine Listings

APN: OOBH-000306-000005-000006