NOT LISTED FOR SALE

5 Union Ave Old Orchard Beach, ME 04064

-- Bed
7 Baths
3,650 Sq Ft
6,098 Sq Ft Lot

Last Sold June 04, 2021

Last sale price $1,300,000 $356 Per Sq Ft

12 Days on Market

Highlights

  • Additional Residence on Property
  • Beach Access
  • Property is near public transit
  • Ocean Front
  • Public Beach
  • Wood Flooring

About This Home

As of June 2021

This property consists of 2 properties on one lot - a 2 family and a 5 family only steps to 7 miles of Maine's premier beach. These properties have been rented mostly during the summer season approx. 7-8 weeks for the past 20 years. Great potential for increased rents, longer season, as well as year round. Rents are far below market rates. Both buildings are well-maintained and a great investment. Group showings will be for April 21, 24 and 25 2:00-4:00 P.M. Any offers received will be reviewed 4/26/2021. All brokers must attend showings with clients and make sure that Covid restrictions on showings must be practiced (min. mask and gloves). Don't miss out on this money maker!

Last Agent to Sell the Property

David Dunn

The Real Estate Store Listed on: 04/14/2021

Last Buyer's Agent

Brandon Mitchell

SVN/The Urbanek Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,748

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Landscaped
  • Interior Lot
  • Level Lot
  • Open Lot

Property Views

  • Water
  • Scenic Vista

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 7 Full Bathrooms
  • 3,650 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Flooring

  • Wood
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Dirt Floor

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Beach Access
  • Nearby Water Access

Additional Homes

  • Additional Residence on Property

Location

  • Property is near public transit
  • City Lot

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 3 / 11
  • Assessor Parcel Number OOBH-000316-000011-000003

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Operating Expense $10,019
  • Gross Income $21,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,748

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Directions: South on West Grand, left on Union Ave, buildings on right
  • Above Grade Finished Sq Ft: 3650.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 3650.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: 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
  • Foundation Materials:Slab: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 7
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 21500.0
  • Income Expenses Operating Expenses: 10019.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Basement:Dirt Floor: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Property Information:Bank Owned REO: No
  • View:Scenic: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Recreational Water:Beach Rights: Yes
  • Transportation:Rail Available: Yes
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Dirt Floor, Walk-Out Access, Full, Partial, Unfinished
  • Full Bathrooms: 7
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Other
  • Full Basement: Yes
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Interior Lot, Intown, Near Public Beach, Near Shopping, Near Town, Subdivided, Near Public Transit
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Slab
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Baseboard
  • 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: 6098.4
  • Parcel #: OOBH-000316-000011-000003
  • Zoning: BRD

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 21500.0
  • Annual Operating Expense: 10019.0

Tax Info

  • Tax Annual Amount: 9748.0
  • Tax Block: 11
  • Tax Book Number: 18225
  • Tax Lot: 3
  • Tax Map Number: 316
  • Tax Year: 2021

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
06/04/2021 06/04/21 Sold $1,300,000 +30.0% $356 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $999,999 -- $274 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    David Dunn

    The Real Estate Store

    (207) 284-5759

    4 in this area

    28 Total Sales

    Section Image

  • B

    Buyer's Agent in 2021

    Brandon Mitchell

    SVN/The Urbanek Group

See All Agents

Map

Source: Maine Listings

MLS Number: 1487727

Maine Listings

Maine York County Old Orchard Beach 04064

5 Union Ave, Old Orchard Beach, ME

This home is located at 5 Union Ave, Old Orchard Beach, ME 04064 since 14 April 2021. This property was built in 1900. 5 Union Ave 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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