NOT LISTED FOR SALE

47 Old Salt Rd Unit 1 Old Orchard Beach, ME 04064

Estimated Value: $441,000 - $543,000

4 Beds
2.5 Baths
2,400 Sq Ft
$50/mo HOA Fee

Last Sold July 02, 2021

Last sale price $345,000 $144 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,271/month

49 Days on Market

Highlights

  • Nearby Water Access
  • 0.89 Acre Lot
  • Contemporary Architecture
  • Public Beach
  • Deck
  • Cathedral Ceiling

About This Home

As of July 2021

Close to the beach! Bike or walk. Golf course right around the corner. All the comforts of home. Large and spacious, very well maintained, quality throughout. Freshly painted. Sunroom off kitchen with loft above. Granite countertops. Solid wood doors. Tile, oak and Pergo floors. Large master bedroom suite with cathedral ceilings and skylights (would make a wonderful family room). Low association fees, only $50 per month, includes mowing, plowing and trash. Large lot, room to add a garage. Just move in and enjoy. Buyer Protection Plan.

Last Agent to Sell the Property

Laura Byther

EXP Realty License #BR901283 Listed on: 05/25/2021

EXP Realty

Last Buyer's Agent

Laura Byther

EXP Realty License #BR901283 Listed on: 05/25/2021

EXP Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,084

Year Built

  • Built in 1940

Lot Details

  • Public Beach
  • Open Lot

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,400 Sq Ft Home
  • Cathedral Ceiling
  • Skylights
  • Living Room
  • Dining Room
  • Loft
  • Sun or Florida Room
  • Home Security System

Kitchen

  • Electric Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bedroom Suite

Laundry

  • Laundry Room
  • Laundry on main level

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Deck

Location

  • Property is near a golf course
  • City Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Community Details

  • Colonial Terrace Condo Association Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Legal Lot and Block 9-1 / 1
  • Assessor Parcel Number OOBH-000211-000001-000009-000001

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,084

Year Built

Built in 1940

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.89
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Colonial Terrace Condo Association
  • Directions: I-95 to Saco, take exit 36 for I-195 toward Old Orchard Beach. Continue on Ocean Park Rd or Saco Ave. to Temple Ave., right onto Old Salt Rd to #47 on right.
  • Above Grade Finished Sq Ft: 2400.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Lot Size Acres -: 0.89
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2400.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Security System: Yes
  • Location Information:Association Fee: 50.0
  • Location Information:Fee Frequency Paid: Monthly
  • Foundation Materials:Slab: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 1
  • Kitchen Countertop:Granite: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Cooling:Central Air: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Primary Bedroom Amenities:Suite6: Yes
  • Primary Bedroom Amenities:Walk-in Closet6: Yes
  • Room Features:Suite17: Yes
  • Room Features:Walk-in Closet17: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Sunroom:Sunroom: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Room Features:Skylight32: Yes
  • Dining Room Amenities:Dining Area: Yes
  • Room Features:Dining Area2: Yes
  • Room Features:Cathedral Ceiling29: Yes
  • Laundry Room:Laundry Room: Yes
  • Primary Bedroom Amenities:Cathedral Ceiling4: Yes
  • Loft:Loft: Yes
  • Primary Bedroom Amenities:Skylight4: Yes
  • Amenities:Home Warranty: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher
  • Has Basement: Partial, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, Primary Bedroom w/Bath
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping
  • Waterfront: No
  • Home Warranty: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 50.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 38768.4
  • Parcel #: OOBH-000211-000001-000009-000001
  • Zoning: R-2

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 3084.0
  • Tax Block: 1
  • Tax Book Number: 15327
  • Tax Lot: 9-1
  • Tax Map Number: 211
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2024
Sold by
Dunham Karen E and Simmons Peter
Bought by
Cuevas Karolin
Current Estimated Value
$500,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,475
Outstanding Balance
$373,699
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$112,817

Purchase Details

Listed on
May 25, 2021
Closed on
Jul 2, 2021
Sold by
Melanson Loretta A and Melanson Gerald W
Bought by
Dunham Karen E and Simmons Peter
Seller's Agent
Laura Byther
EXP Realty
Buyer's Agent
Laura Byther
EXP Realty
List Price
$352,000
Sold Price
$345,000
Premium/Discount to List
-$7,000
-1.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Original Mortgage
$207,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2007
Sold by
Martin William D
Bought by
Melanson Loretta A and Melanson Gerald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,800
Interest Rate
6.27%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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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
Cuevas Karolin $460,000 None Available
Cuevas Karolin $460,000 None Available
Dunham Karen E -- None Available
Dunham Karen E -- None Available
Melanson Loretta A -- --
Melanson Loretta A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuevas Karolin $375,475
Closed Cuevas Karolin $375,475
Previous Owner Dunham Karen E $207,000
Previous Owner Melanson Gerald W $162,014
Previous Owner Melanson Loretta A $172,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $345,000 -2.0% $144 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $352,000 -- $147 / 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 $5,210 $478,900 $18,200 $460,700
2023 $5,052 $443,200 $16,300 $426,900
2022 $5,442 $444,600 $12,800 $431,800
2021 $5,166 $364,800 $13,200 $351,600
2020 $3,084 $200,000 $11,200 $188,800
2019 $2,745 $177,100 $11,200 $165,900
2018 $2,722 $177,100 $11,200 $165,900
2017 $2,740 $174,500 $10,100 $164,400
2016 $2,724 $176,200 $9,700 $166,500
2015 $2,675 $176,200 $9,700 $166,500
2014 $2,622 $176,200 $9,700 $166,500
2013 -- $176,200 $9,700 $166,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1486949

Maine Listings

APN: OOBH-000211-000001-000009-000001