NOT LISTED FOR SALE

7 Bay Ave Unit 5 Old Orchard Beach, ME 04064

Estimated Value: $198,000 - $213,003

1 Bed
1 Bath
322 Sq Ft
$150/mo HOA Fee

Last Sold April 05, 2022

Last sale price $140,000 $435 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,400/month

254 Days on Market

Highlights

  • Nearby Water Access
  • Country Club
  • Deck
  • Public Beach
  • Scenic Views
  • Property is near public transit

About This Home

As of April 2022

Seasonal condos within steps of 7 miles of beautiful beach with short walk to pier to north and Ocean Park to south. These condos come fully furnished and equipped as efficiencies and ready for incredible seasonal summer rental income or use as your own private personal retreat. Hear the ocean from the decks of these units and experience beautiful sunrises/sunsets at your front door and experience all Old Orchard Beach has to offer! More units available. Call agents for more details.

Last Agent to Sell the Property

Danielle Lape

Kre Brokerage Group Listed on: 07/22/2021

Co-Listed By

Amanda Owens

Kre Brokerage Group

Last Buyer's Agent

Kaili Moore

Portside Real Estate Group

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1950

Lot Details

  • Public Beach
  • Seasonal Access to Property
  • Open Lot

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 322 Sq Ft Home
  • Multi-Level Property
  • Scenic Vista Views

Kitchen

  • Electric Range
  • Microwave
  • Formica Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom
  • Bathtub
  • Shower Only

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Deck

Location

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

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating Available
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 11 / 2
  • Assessor Parcel Number OOBH-000313-000002-000002

Community Details

Overview

  • 14 Units
  • White Cap Condominium Association Subdivision

Recreation

  • Country Club

Property Details

Home Type

Condominium

Year Built

Built in 1950

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Phone: 207-781-2958
  • MLS Status: Closed
  • Subdivision Name: White Cap Condominium Association
  • Directions: Saco/OOB exit toward pier to R on Union Avenue, L on West Grand and R on Bay Avenue. Property on R.
  • Above Grade Finished Sq Ft: 322.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1950
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 431.68
  • Property Information:Seasonal: Yes
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 322.0
  • 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
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Floors:Tile2: 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
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 14
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Kitchen Countertop:Formica: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Location:Near Railroad: Yes
  • Cooling:AC Units: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Heat System:No Heat System: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Advertising Remarks:Advertising Remarks: Seasonal condos within steps of 7 miles of beautiful beach with short walk to pier to north and Ocean Park to south. These condos come fully furnished and equipped as efficiencies and ready for incredible seasonal summer rental income or use as your own private personal retreat. Hear the ocean from the decks of these units and experience beautiful sunrises/sunsets at your front door and experience all Old Orchard Beach has to offer! More units available. Call agents for more details.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: Bathtub, Shower
  • Kitchen Kitchen Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Near Public Transit, Near Railroad
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, 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, Off Street

Utilities

  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: No Heat System
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Parcel #: OOBH-000313-000002-000002
  • Zoning: BRD

Multi Family

  • Number Of Units In Community: 14

Tax Info

  • Tax Annual Amount: 9999.0
  • Tax Block: 2
  • Tax Lot: 11
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2021
Closed on
Apr 5, 2022
Sold by
Durp Llc
Bought by
Kerbaugh Alex
Seller's Agent
Danielle Lape
Kre Brokerage Group
Buyer's Agent
Kaili Moore
Portside Real Estate Group
List Price
$139,000
Sold Price
$140,000
Premium/Discount to List
$1,000
0.72%
Current Estimated Value
$206,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,751
Avg. Annual Appreciation
11.08%
Original Mortgage
$112,000
Outstanding Balance
$104,420
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$102,331
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
Kerbaugh Alex $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerbaugh Alex $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2022 04/05/22 Sold $140,000 +0.7% $435 / Sq Ft
04/03/2022 04/03/22 Pending -- -- --
07/22/2021 07/22/21 For Sale $139,000 -- $432 / 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 $1,965 $180,600 $38,000 $142,600
2023 $1,703 $149,400 $35,400 $114,000
2022 $1,627 $132,900 $31,500 $101,400
Source: Public Records

Agents Affiliated with this Home

  • Danielle Lape

    Seller's Agent in 2022

    Danielle Lape

    Kre Brokerage Group

    (207) 730-2476

    44 in this area

    123 Total Sales

    Danielle Lape
    Section Image
  • Amanda Owens

    Seller Co-Listing Agent in 2022

    Amanda Owens

    Kre Brokerage Group

    (207) 939-6026

    64 in this area

    163 Total Sales

    Amanda Owens
    Section Image
  • Kaili Moore

    Buyer's Agent in 2022

    Kaili Moore

    Portside Real Estate Group

    (207) 252-4161

    7 in this area

    194 Total Sales

    Kaili Moore
    Section Image
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Map

Source: Maine Listings

MLS Number: 1501926

Maine Listings

APN: OOBH M:313 B:2 L:2-5

Maine York County Old Orchard Beach 04064

7 Bay Ave Unit 5, Old Orchard Beach, ME

Not Listed for Sale

Condos

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