NOT LISTED FOR SALE

47 Old Salt Rd Unit 9 Old Orchard Beach, ME 04064

Estimated Value: $261,000 - $277,000

2 Beds
1 Bath
832 Sq Ft
$150/mo HOA Fee

Last Sold October 12, 2021

Last sale price $195,000 $234 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,779/month

7 Days on Market

Highlights

  • Public Beach
  • View of Trees or Woods
  • Deck
  • Country Club
  • 0.89 Acre Lot
  • Wooded Lot

About This Home

As of October 2021

Simplify your life in this well maintained second floor, Old Orchard Beach Condo. Just minutes away from beaches, shopping and the turnpike. Enjoy sitting on your 2nd floor balcony overlooking a beautifully maintained back yard with flowers, a patio area and a shed all shared by the association. This home is move in ready with freshly cleaned carpets, new paint, new appliances, new lighting fixtures, a new sliding balcony door and the washer and dryer are included. No worries about parking. There are two designated parking spots as well as visitor parking available. This won't last long, book your showing now!

Last Agent to Sell the Property

Bailey Pate

Maine Real Estate Co License #DB927429 Listed on: 08/23/2021

Last Buyer's Agent

Eric Grant

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,750

Year Built

  • Built in 1987

Lot Details

  • Public Beach
  • Landscaped
  • Wooded Lot

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 832 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Views of Woods

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking
  • Reserved Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Additional Features

  • Deck
  • Property is near a golf course

Listing and Financial Details

  • Legal Lot and Block 9 / 1
  • Assessor Parcel Number OOBH-000211-000001-000009-000009

Community Details

Overview

  • 8 Units

Recreation

  • Country Club

Pet Policy

  • Pets Allowed
  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,750

Year Built

Built in 1987

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.89
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: I-95 heading South take exit 36 which becomes Ocean Park Road, take right onto Old Salt Road, Colonial Terrace Condominiums are on the right. GPS friendly
  • Above Grade Finished Sq Ft: 832.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1987
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.89
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 832.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: 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
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 150.0
  • Location Information:Fee Frequency Paid: Monthly
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 8
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Exterior:Clapboard: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Basement:Slab2: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Location:Near Country Club: Yes
  • Condominium:Total Units4: 9
  • Restrictions:Pet: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: One-Floor Living
  • Bedroom 2 Level: Second
  • Kitchen Kitchen Level: Second
  • Living Room Living Room Level: Second
  • Primary Bedroom Primary Bedroom Level: Second

Exterior Features

  • Lot Features: Level, Landscaped, Wooded, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: 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, Common, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 150.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

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

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 9

Tax Info

  • Tax Annual Amount: 1750.0
  • Tax Block: 1
  • Tax Book Number: 17833
  • Tax Lot: 9
  • Tax Map Number: 211
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2022
Sold by
Snyder Daniel M
Bought by
Gikas Timothy J and Gikas Stephan T
Current Estimated Value
$267,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,875
Outstanding Balance
$168,885
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$98,162

Purchase Details

Listed on
Aug 23, 2021
Closed on
Oct 12, 2021
Sold by
Roberge Nicole
Bought by
Belanger Byron
Seller's Agent
Bailey Pate
Maine Real Estate Co
Buyer's Agent
Eric Grant
Keller Williams Realty
List Price
$180,000
Sold Price
$195,000
Premium/Discount to List
$15,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Original Mortgage
$189,150
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 19, 2018
Closed on
Oct 31, 2018
Sold by
Maalouf Roula E
Bought by
Roberge Nicole
Seller's Agent
Christina Connell
Berkshire Hathaway HomeServices Verani Realty
Buyer's Agent
Bailey Pate
Keller Williams Realty
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.27%
Original Mortgage
$100,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2006
Sold by
Maalouf John G
Bought by
Maalouf Roula E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Gikas Timothy J $187,500 None Available
Belanger Byron -- None Available
Roberge Nicole -- --
Maalouf Roula E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gikas Timothy J $181,875
Previous Owner Belanger Byron $189,150
Previous Owner Roberge Nicole $100,000
Previous Owner Maalouf Roula E $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2021 10/12/21 Sold $195,000 +8.3% $234 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $180,000 +44.0% $216 / Sq Ft
10/30/2018 10/30/18 Sold $125,000 -16.6% $150 / Sq Ft View Prior Sale
09/19/2018 09/19/18 Pending -- -- --
08/19/2018 08/19/18 For Sale $149,900 -- $180 / 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 $2,570 $236,200 $18,200 $218,000
2023 $2,552 $223,900 $16,300 $207,600
2022 $2,377 $194,200 $12,800 $181,400
2021 $2,290 $161,700 $13,200 $148,500
2020 $1,750 $113,500 $11,200 $102,300
2019 $1,561 $100,700 $11,200 $89,500
2018 $1,564 $101,900 $11,200 $90,700
2017 $1,567 $99,800 $10,100 $89,700
2016 $1,568 $101,400 $9,700 $91,700
2015 $1,539 $101,400 $9,700 $91,700
2014 $1,509 $101,400 $9,700 $91,700
2013 $1,399 $101,400 $9,700 $91,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1506232

Maine Listings

APN: OOBH-000211-000001-000009-000009