NOT LISTED FOR SALE

40 E Grand Ave Old Orchard Beach, ME 04064

Old Orchard Beach Area

Estimated Value: $885,000 - $1,221,000

4 Beds
4 Baths
2,550 Sq Ft
$394/Sq Ft Est. Value

Sale Details

Date Sold: February 1, 2022

Last sale price $874,000 $343 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,344 / mo

156 Days on Market

Highlights

  • Additional Residence on Property
  • Property is near a beach
  • Wood Flooring
  • Ocean Front
  • Property is near public transit and shops
  • Furnished

About This Home

As of February 2022

Back On The Market not due to any fault with the property. Ocean Views!! There are currently 4 rental units, and some great upside potential for the new owner. The front building has Two 2 bedroom units, both with Ocean Views, full kitchens, and a front porch overlooking all the action OOB has to offer. The rear building has Two 1 bedroom units, both with kitchens and tastefully updated recently. All units have designated off street parking spots year round, with an extra spot available in winter months. The property is located across the street from the sandy beach with a cross walk directly in front of the building and direct access to the beach via Aldine Terrace. Use this as an income property, a family compound at the beach, or a combination.

Last Agent to Sell the Property

Andrew Stevens

Keller Williams Realty Listed on: 11/14/2021

Keller Williams Realty

Last Buyer's Agent

Josh Plowman

Bean Group

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,531

Year Built

  • Built in 1910

Lot Details

  • 5,663 Sq Ft Lot
  • Ocean Front
  • Level Lot

Property Views

  • Water
  • Scenic Vista

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • Multi-Level Property
  • Furnished
  • Storage
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Finished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Property is near a beach
  • Porch

Utilities

  • Air Conditioning
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • Additional Residence on Property
  • Property is near public transit and shops

Listing and Financial Details

  • Legal Lot and Block 3 / 6
  • Assessor Parcel Number OOBH-000305-000006-000003

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • The community has rules related to deed restrictions

Amenities

  • Community Storage Space

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Operating Expense $15,300
  • Gross Income $73,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,531

Year Built

Built in 1910

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: East Grand Avenue between Walnut and Old Orchard Street.
  • Above Grade Finished Sq Ft: 2427.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 360.12
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2427.0
  • Property Information:SqFt Finished Below Grade: 123.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 73200.0
  • Income Expenses Operating Expenses: 15300.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Yes
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Amenities:Furniture Included: Yes
  • Location:Near Railroad: Yes
  • Cooling:AC Units: Yes
  • Restrictions:Pet: Yes
  • Advertising Remarks:Advertising Remarks: Back On The Market not due to any fault with the property. Ocean Views!! There are currently 4 rental units, and some great upside potential for the new owner. The front building has Two 2 bedroom units, both with Ocean Views, full kitchens, and a front porch overlooking all the action OOB has to offer. The rear building has Two 1 bedroom units, both with kitchens and tastefully updated recently. All units have designated off street parking spots year round, with an extra spot available in winter months. The property is located across the street from the sandy beach with a cross walk directly in front of the building and direct access to the beach via Aldine Terrace. Use this as an income property, a family compound at the beach, or a combination.
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Finished, Partial
  • Full Bathrooms: 4
  • Below Grade Sq Ft: 123.0
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: Furniture Included, Storage

Exterior Features

  • Lot Features: Level, Right of Way, Sidewalks, Near Public Beach, Near Shopping, Near Town, Near Railroad
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Hot Water, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: OOBH-000305-000006-000003
  • Zoning: DD-2

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 73200.0
  • Annual Operating Expense: 15300.0

Tax Info

  • Tax Annual Amount: 5531.0
  • Tax Block: 6
  • Tax Lot: 3
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2021
Closed on
Jan 31, 2022
Sold by
Bought by
Seller's Agent
Andrew Stevens
Keller Williams Realty
Buyer's Agent
Josh Plowman
Bean Group
List Price
$949,000
Sold Price
$874,000
Premium/Discount to List
-$75,000
-7.9%
Current Estimated Value
$1,003,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,756
Avg. Annual Appreciation
3.12%
Original Mortgage
$786,600
Outstanding Balance
$712,684
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$291,072

Purchase Details

Closed on
Mar 29, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,562
Interest Rate
6.33%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Old Orchard Beach, ME

  • Michelle Libby Real Estate Agent - Century 21 North East

    Michelle Libby

    Century 21 North East

    (207) 517-4917

    83 Total Sales

    3 in Old Orchard Beach

    $410K - $700K Price Range

    Michelle Libby
     Section Image
  • Nicole Parmley Real Estate Agent - Parmley Properties Realty LLC

    Nicole Parmley

    Parmley Properties Realty LLC

    (207) 606-7023

    123 Total Sales

    1 in Old Orchard Beach

    $226,000 Price

    Nicole Parmley
     Section Image
  • Nicholas Dambrie Real Estate Agent - Keller Williams Realty

    Nicholas Dambrie

    Keller Williams Realty

    (207) 387-9614

    152 Total Sales

    2 in Old Orchard Beach

    $635K - $673K Price Range

    Nicholas Dambrie
     Section Image
  • Timothy Yee Real Estate Agent - Coldwell Banker Realty

    Timothy Yee

    Coldwell Banker Realty

    (978) 747-3038

    38 Total Sales

    2 in Old Orchard Beach

    $78K - $159K Price Range

    Timothy Yee
     Section Image
  • Aaron Kollmeyer Real Estate Agent - Coldwell Banker Realty

    Aaron Kollmeyer

    Coldwell Banker Realty

    (508) 452-6045

    86 Total Sales

    8 in Old Orchard Beach

    $31K - $565K Price Range

    Aaron Kollmeyer
     Section Image
  • Kristin Rofe Real Estate Agent - Dream Home Realty LLC

    Kristin Rofe

    Dream Home Realty LLC

    (207) 515-8417

    86 Total Sales

    2 in Old Orchard Beach

    $325K - $850K Price Range

    Kristin Rofe
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $786,600
Previous Owner $383,800
Closed $402,150
Closed $387,562
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2022 02/01/22 Sold $874,000 -7.9% $343 / Sq Ft
12/04/2021 12/04/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $949,000 +126.0% $372 / Sq Ft
05/13/2019 05/13/19 Sold $420,000 -4.3% $165 / Sq Ft View Prior Sale
04/16/2019 04/16/19 Pending -- -- --
03/03/2019 03/03/19 For Sale $439,000 -- $172 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,799 $844,719 $512,519 $332,200
2024 $9,191 $844,719 $512,519 $332,200
2023 $8,685 $761,823 $458,223 $303,600
2022 $8,255 $674,440 $403,440 $271,000
2021 $8,902 $628,650 $367,650 $261,000
2020 $5,531 $358,700 $104,000 $254,700
2019 $5,560 $358,700 $104,000 $254,700
2018 $4,965 $324,500 $94,000 $230,500
2017 $4,869 $310,100 $94,000 $216,100
2016 $4,794 $310,100 $94,000 $216,100
2015 $4,707 $310,100 $94,000 $216,100
2014 $4,614 $310,100 $94,000 $216,100
2013 $4,290 $310,900 $94,000 $216,900
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Andrew Stevens

    Keller Williams Realty

    (207) 838-6022

    75 Total Sales

    Andrew Stevens
    Section Image

  • J

    Buyer's Agent in 2022

    Josh Plowman

    Bean Group

    Section Image

  • J

    Buyer's Agent in 2022

    Joshua Plowman

    Bean Group

  • Charlene Weinstein Real Estate Agent - Charlene's Coastal Properties

    Seller's Agent in 2019

    Charlene Weinstein

    Charlene's Coastal Properties

    (207) 632-3284

    53 Total Sales

    Charlene Weinstein
    Section Image
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Map

Source: Maine Listings

MLS Number: 1498722

Maine Listings

APN: OOBH-000305-000006-000003

Maine York County Old Orchard Beach 04064

40 E Grand Ave, Old Orchard Beach, ME

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