NOT LISTED FOR SALE

Estimated Value: $434,883 - $654,000

3 Beds
2 Baths
1,385 Sq Ft
$383/Sq Ft Est. Value

Last Sold September 08, 2021

Last sale price $400,000 $289 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,090/month

2 Days on Market

Highlights

  • Public Beach
  • Wood Flooring
  • No HOA
  • Property is near public transit
  • New Englander Architecture
  • Interior Lot

About This Home

As of September 2021

Great investment property or vacation home with extended family.. This home is fully rented through Airbnb for the summer and into he fall. Selling Furnished a turn key property all current bookings will convey to new owner. Great owner occupied as well and let the small unit help pay your expenses. Also great for owner and in-law unit.. Endless possibilities

Last Agent to Sell the Property

Christine Goyet

Bean Group Listed on: 07/23/2021

Last Buyer's Agent

Christopher Lunn

RE/MAX Northern Edge Realty, LLC

RE/MAX Northern Edge Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,572

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Public Beach
  • Interior Lot
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,385 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Basement

  • Interior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking

Location

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

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Heat Pump System
  • Hot Water Heating System

Listing and Financial Details

  • Legal Lot and Block 10 / 1
  • Assessor Parcel Number OOBH-000312-000001-000010

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $8,000
  • Gross Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,572

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • MLS Status: Closed
  • Directions: Saco Avenue to a right on Union Ave in Old Orchard Beach heading towards water to a left on Washington Ave to second right on Fern Ave to 55 Fern Avenue on the right
  • Above Grade Finished Sq Ft: 1385.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 274.37
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1385.0
  • 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:Hot Water: Yes
  • Heat Fuel:Propane: 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
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Amenities:Laundry - Hookup: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 45000.0
  • Income Expenses Operating Expenses: 8000.0
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Property Information:Short Sale Continue to Show: No
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Beautiful two unit within a 5 minute walk to miles of sandy beaches, ocean park and the Pier. Sunlit recently updated with great rental history. Great location on a quite street with off street parking as well as street parking. New roof, new heating system, heat pumps and some windows
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Interior Entry
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl
  • Interior Amenities: Bathtub
  • Stories: 2
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Interior Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Shopping Mall, Near Railroad
  • Waterfront: No
  • Exclusions: none
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Hot Water, Heat Pump
  • Heating Yn: Yes
  • Electric: 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: 3049.2
  • Parcel #: OOBH-000312-000001-000010
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 45000.0
  • Annual Operating Expense: 8000.0

Tax Info

  • Tax Annual Amount: 2572.0
  • Tax Block: 1
  • Tax Lot: 10
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2020
Closed on
Jan 4, 2021
Sold by
Hewes Jane E
Bought by
Kargar Lalah
Seller's Agent
John Mullen
Vitalius Real Estate Group, LLC
Buyer's Agent
Christine Goyet
Kre Brokerage Group
List Price
$320,000
Sold Price
$300,000
Premium/Discount to List
-$20,000
-6.25%
Current Estimated Value
$530,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,971
Avg. Annual Appreciation
12.30%
Original Mortgage
$100,000
Outstanding Balance
$89,235
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$441,736

Purchase Details

Listed on
Jul 27, 2015
Closed on
Mar 15, 2016
Sold by
Jortberg Jennifer M and Lecomte Raymond L
Bought by
Hewes Jane E
Seller's Agent
Daniel DiGenova
Keller Williams Realty
Buyer's Agent
Anthony Belliveau
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$169,000
Sold Price
$145,150
Premium/Discount to List
-$23,850
-14.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.26%
Original Mortgage
$174,704
Interest Rate
3.79%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 23, 2005
Sold by
Johnson Todd
Bought by
Lecomte Raymond L and Lecomte Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.82%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kargar Lalah -- None Available
Hewes Jane E -- --
Lecomte Raymond L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kargar Lalah $100,000
Previous Owner Hewes Jane E $174,704
Previous Owner Lecomte Raymond L $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2021 09/08/21 Sold $400,000 +5.3% $289 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $380,000 +26.7% $274 / Sq Ft
01/04/2021 01/04/21 Sold $300,000 -6.3% $217 / Sq Ft View Prior Sale
12/17/2020 12/17/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $320,000 +120.5% $231 / Sq Ft
03/10/2016 03/10/16 Sold $145,150 -14.1% $105 / Sq Ft View Prior Sale
01/18/2016 01/18/16 Pending -- -- --
04/03/2015 04/03/15 For Sale $169,000 -- $122 / 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 $3,655 $335,900 $120,400 $215,500
2023 $3,393 $297,600 $109,500 $188,100
2022 $3,222 $263,200 $95,200 $168,000
2021 $3,124 $220,600 $78,000 $142,600
2020 $2,572 $166,800 $53,800 $113,000
2019 $2,585 $166,800 $53,800 $113,000
2018 $2,243 $157,700 $53,800 $103,900
2017 $2,275 $144,900 $51,100 $93,800
2016 $2,178 $140,900 $48,000 $92,900
2015 $2,139 $140,900 $48,000 $92,900
2014 $2,097 $140,900 $48,000 $92,900
2013 $1,944 $140,900 $48,000 $92,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1502099

Maine Listings

APN: OOBH-000312-000001-000010