Seller's Agent in 2021
Sandra Murray
Keller Williams Realty
(207) 879-9800
26 in this area
87 Total Sales
5 Colby Ave Old Orchard Beach, ME 04064
Estimated Value: $964,000 - $1,209,000
7
Beds
3
Baths
2,382
Sq Ft
$458/Sq Ft
Est. Value
Highlights
- Ocean Front
- Public Beach
- Deck
- Nearby Water Access
- Country Club
- Wood Flooring
About This Home
As of November 2021Welcome to 5 Colby Avenue- truly an extraordinary offering! Located in the heart of Ocean Park, on the beach block, this 2 unit home enjoys ocean views from the living room and upper deck,
and is located just 3 houses back from the beach! Originally built in 1881, this classic Ocean Park cottage is just steps to the ocean, and Ocean Park shops and activities. The room sizes are spacious and the back yard patio offers privacy for outdoor enjoyment! The 2 legal units ( each with full kitchens with electric ranges, refrigerators and microwaves) have private exterior entries and are perfect for rental income or extended family and guests. This quintessential beach cottage is a perfect family home or investment property, or combination of the two. Truly an extraordinary Ocean Park gem!
Last Buyer's Agent
Sandra Murray
All Points
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,703
Year Built
- Built in 1881
Lot Details
- 2,178 Sq Ft Lot
- Ocean Front
- Public Beach
- Level Lot
- Property is zoned Two Family NC
Property Views
- Water
- Scenic Vista
Home Design
- New Englander Architecture
- Block Foundation
- Wood Frame Construction
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,382 Sq Ft Home
- Multi-Level Property
- Living Room
- Dining Room
Kitchen
- Electric Range
- Microwave
- Formica Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 7 Bedrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Shower Only
Finished Basement
- Walk-Out Basement
- Interior Basement Entry
Parking
- No Driveway
- On-Street Parking
Outdoor Features
- Nearby Water Access
- Deck
- Patio
- Porch
Location
- Property is near a golf course
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Baseboard Heating
- Natural Gas Not Available
- Electric Water Heater
Listing and Financial Details
- Legal Lot and Block 2 / 16
- Assessor Parcel Number OOBH-000324-000016-000002
Community Details
Overview
- No Home Owners Association
- Ocean Park Subdivision
Recreation
- Country Club
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 27, 2018
Sold by
Weightman Cathal A
Bought by
Cathal Weightman Lt
Current Estimated Value
Purchase Details
Closed on
Jan 30, 2012
Sold by
Chamberlain Const Inc
Bought by
Bhola Punit and Wagh Madhavi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,713
Outstanding Balance
$167,681
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$825,415
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cathal Weightman Lt | -- | -- | |
| Cathal Weightman Lt | -- | -- | |
| Weightman Cathal A | -- | -- | |
| Weightman Cathal A | -- | -- | |
| Bhola Punit | -- | -- | |
| Bhola Punit | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bhola Punit | $240,713 | |
| Closed | Bhola Punit | $240,713 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2021 11/22/21 | Sold | $731,000 | +5.2% | $307 / Sq Ft |
| 10/12/2021 10/12/21 | Pending | -- | -- | -- |
| 10/03/2021 10/03/21 | For Sale | $695,000 | -- | $292 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $7,777 | $714,800 | $522,800 | $192,000 |
| 2023 | $8,428 | $739,300 | $482,400 | $256,900 |
| 2022 | $7,941 | $648,800 | $419,400 | $229,400 |
| 2021 | $6,931 | $489,500 | $295,000 | $194,500 |
| 2020 | $6,703 | $434,700 | $254,900 | $179,800 |
| 2019 | $6,738 | $434,700 | $254,900 | $179,800 |
| 2018 | $5,908 | $420,000 | $254,900 | $165,100 |
| 2017 | $6,012 | $382,900 | $233,900 | $149,000 |
| 2016 | $5,665 | $366,400 | $217,400 | $149,000 |
| 2015 | $5,562 | $366,400 | $217,400 | $149,000 |
| 2014 | $5,452 | $366,400 | $217,400 | $149,000 |
| 2013 | $5,056 | $366,400 | $217,400 | $149,000 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Maine Listings
MLS Number: 1510951
APN: OOBH-000324-000016-000002
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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