$574,000
SOLD AUG 23, 2024

36 Smithwheel Rd Old Orchard Beach, ME 04064

-- Bed
3 Baths
1,928 Sq Ft
0.41 Acres

Recently Sold

$298 Per Sq Ft

4% Below List Price

54 Days on Market

Highlights

  • Additional Residence on Property
  • Nearby Water Access
  • No HOA
  • Ocean Front
  • Public Beach
  • Cooling Available

About This Home

As of August 2024

Three unit investment opportunity in Old Orchard, minutes from the pier. Great location with quick access to 95 and Route 1. Low owner expenses, each unit is heated and cooled with heat pumps. Great rental history, this would make a fantastic investment or owner occupied property. Dedicated storage shed for each unit in the rear and plenty of off-street parking. Two of the units are month to month allowing the new owner to adjust to market rents or owner occupy.

Last Agent to Sell the Property

Cari Turnbull

Maine Real Estate Experts Listed on: 04/10/2024

Last Buyer's Agent

Steve Foglio

Real Estate 2000 ME/NH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,103

Year Built

  • Built in 1984

Lot Details

  • 0.41 Acre Lot
  • Ocean Front
  • Public Beach
  • Level Lot

Home Design

  • 1,928 Sq Ft Home
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Flooring

  • Laminate
  • Tile

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Shed

Utilities

  • Cooling Available
  • Heat Pump System
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available

Additional Features

  • 3 Full Bathrooms
  • Additional Residence on Property
  • Property is near a golf course

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number OOBH-000210-000002-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $9,640
  • Gross Income $58,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,103

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.41
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 1928.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1984
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.41
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1928.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 58500.0
  • Income Expenses Operating Expenses: 9640.0
  • Location:Near Public Beach: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Basement:Slab2: Yes
  • Property Information:Bank Owned REO: No
  • Other Structures:Shed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 3
  • Flooring: Tile, Laminate
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Level, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Other Structures: Shed(s)
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Off Street

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 17859.6
  • Parcel #: OOBH-000210-000002-000001
  • Zoning: R-4

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 58500.0
  • Annual Operating Expense: 9640.0

Tax Info

  • Tax Annual Amount: 5103.0
  • Tax Block: 2
  • Tax Book Number: 17845
  • Tax Lot: 1
  • Tax Map Number: 210
  • Tax Year: 2024

Range of Values:

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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
08/23/2024 08/23/24 Sold $574,000 -0.9% $298 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
04/24/2024 04/24/24 Price Changed $579,000 -3.5% $300 / Sq Ft
04/10/2024 04/10/24 For Sale $600,000 +71.4% $311 / Sq Ft
11/14/2018 11/14/18 Sold $350,000 0.0% --
09/02/2018 09/02/18 Pending -- -- --
08/27/2018 08/27/18 For Sale $350,000 +55.6% --
10/30/2017 10/30/17 Sold $225,000 0.0% $162 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
07/31/2017 07/31/17 For Sale $225,000 -- $162 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cari Turnbull

    Seller's Agent in 2024

    Cari Turnbull

    Maine Real Estate Experts

    (207) 807-2062

    6 in this area

    138 Total Sales

    Cari Turnbull
    Section Image
  • Steve Foglio

    Buyer's Agent in 2024

    Steve Foglio

    Real Estate 2000 ME/NH

    (207) 432-0718

    2 in this area

    191 Total Sales

    Steve Foglio
    Section Image

  • J

    Seller's Agent in 2017

    Jennifer Eri Susan Croteau

    Bean Group

    (207) 710-3964

    Section Image

  • S

    Seller Co-Listing Agent in 2017

    Stephen Erickson

    Bean Group

  • C

    Buyer's Agent in 2017

    Cari Turnbull Barbara Deschenes

    Bean Group

See All Agents

Map

Source: Maine Listings

MLS Number: 1586051

Maine Listings

Maine York County Old Orchard Beach 04064

36 Smithwheel Rd, Old Orchard Beach, ME

This home is located at 36 Smithwheel Rd, Old Orchard Beach, ME 04064 and is currently priced at $574,000, approximately $297 per square foot. This property was built in 1984. 36 Smithwheel Rd 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.

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