NOT LISTED FOR SALE

51 Highland Ave Old Orchard Beach, ME 04064

Estimated Value: $508,850 - $841,000

4 Beds
3 Baths
2,082 Sq Ft
$299/Sq Ft Est. Value

Last Sold December 28, 2021

Last sale price $400,000 $192 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,737/month

101 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Property is near public transit
  • Nearby Water Access
  • Country Club
  • Wood Flooring

About This Home

As of December 2021

Spacious three unit in a great location walking distance to the beach, shops, Route One, Turnpike, & Amtrak! Where can you find a property like this in town with two large side yards, one of them fenced, a garage, & plenty of off street parking? Investors: leases in place, or take advantage of lucrative summer rental income. Owner occupy and you can enjoy year-round walks on the beach. Won't last long!

Last Agent to Sell the Property

Carmen Lessard

RE/MAX Realty One Listed on: 07/02/2021

RE/MAX Realty One

Last Buyer's Agent

Melissa Rioux

EXP Realty

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,809

Year Built

  • Built in 1915

Lot Details

  • 7,841 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Fenced
  • Level Lot
  • Open Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,082 Sq Ft Home
  • Multi-Level Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access

Location

  • Property is near public transit
  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 21 / 20
  • Assessor Parcel Number OOBH-000315-000020-000012

Community Details

Overview

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

Amenities

  • Community Storage Space

Recreation

  • Country Club

Building Details

  • Operating Expense $11,384
  • Gross Income $31,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,809

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Saco Ave (Route 5) in Old Orchard Beach, turn onto Union Ave. Left onto 3rd St., Left onto Highland Ave., house is on the left
  • Above Grade Finished Sq Ft: 2082.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1915
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.18
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2082.0
  • Property Information:Garage: Yes
  • 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:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: 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:Interior: Yes
  • Amenities:Fence: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 1.0
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 31500.0
  • Income Expenses Operating Expenses: 11384.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Parking:Paved3: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Property Information:Deed Restrictions: Yes
  • Location:Near Country Club: Yes
  • Water Heater:Tank: Yes
  • Location:Near Railroad: Yes
  • Transportation:Public Transport Access: Yes
  • Electric:Fuses: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Storage
  • Full Basement: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Town, Neighborhood, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Stone
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Fuses, Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7840.8
  • Parcel #: OOBH-000315-000020-000012
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 31500.0
  • Annual Operating Expense: 11384.0

Tax Info

  • Tax Annual Amount: 3809.0
  • Tax Block: 20
  • Tax Book Number: 15086
  • Tax Lot: 21
  • Tax Map Number: 315
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2023
Sold by
Merritt Kristin and Merritt Mark
Bought by
Merritt Ft
Total Days on Market
101
Current Estimated Value
$622,213

Purchase Details

Listed on
Jul 2, 2021
Closed on
Dec 28, 2021
Sold by
Mcanespie John M
Bought by
Merritt Kristin and Merritt Mark
Seller's Agent
Carmen Lessard
RE/MAX Realty One
Buyer's Agent
Melissa Rioux
EXP Realty
List Price
$426,000
Sold Price
$400,000
Premium/Discount to List
-$26,000
-6.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.58%
Original Mortgage
$215,000
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Merritt Ft -- None Available
Merritt Kristin $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merritt Kristin $215,000
Previous Owner Mcanespie John M $214,482
Previous Owner Mcanespie John M $20,967
Previous Owner Mcanespie John M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2021 12/28/21 Sold $400,000 -6.1% $192 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $426,000 -- $205 / 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 $5,216 $479,400 $138,100 $341,300
2023 $4,829 $423,600 $127,100 $296,500
2022 $4,518 $369,100 $113,400 $255,700
2021 $4,143 $292,600 $100,400 $192,200
2020 $3,809 $247,000 $69,200 $177,800
2019 $3,829 $247,000 $69,200 $177,800
2018 $3,596 $239,600 $69,200 $170,400
2017 $3,653 $232,700 $63,900 $168,800
2016 $3,573 $231,100 $62,500 $168,600
2015 $3,508 $231,100 $62,500 $168,600
2014 $3,439 $231,100 $62,500 $168,600
2013 $3,189 $231,100 $62,500 $168,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1498976

Maine Listings

APN: OOBH-000315-000020-000012