E
Seller's Agent in 2024
Eric Meadows Margaret {Maggie} Ellis
Portside Real Estate Group
(207) 536-4222
5 in this area
45 Total Sales
7 Myrtle Ave Old Orchard Beach, ME 04064
Estimated Value: $456,000 - $465,000
3
Beds
2
Baths
1,218
Sq Ft
$377/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Country Club
- New Englander Architecture
- Public Beach
- Wood Flooring
- No HOA
About This Home
As of October 2024Nestled in the heart of Old Orchard Beach, Maine, this charming 1900's Gambrel style cottage offers the perfect blend of coastal living and modern comfort. Boasting 3 bedrooms and 2 full bathrooms, this turnkey summer haven has been updated throughout and is being sold furnished. The opportunities are endless with short-term rental income potential and robust rental history or a simple leisurely at home lifestyle just 0.5 miles from the beach. With its prime location near Interstate 95, downtown Old Orchard Beach, local shops, and numerous mini-golf courses, this 1,218 square foot cottage is the perfect place to unwind and enjoy the salty air and beautiful sunsets. Embrace the coastal beauty and relaxed atmosphere of 7 Myrtle Ave. in one of Maine's most sought after beach towns.
Last Agent to Sell the Property
Eric Meadows Margaret {Maggie} Ellis
Portside Real Estate Group Listed on: 09/04/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,137
Year Built
- Built in 1900
Lot Details
- 2,178 Sq Ft Lot
- Public Beach
- Property is zoned R2
Home Design
- New Englander Architecture
- Gambrel Roof
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Radon Mitigation System
- Concrete Perimeter Foundation
Interior Spaces
- 1,218 Sq Ft Home
- Living Room
- Dining Room
- Screened Porch
- Wood Flooring
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- Driveway
- Paved Parking
Outdoor Features
- Nearby Water Access
Location
- Property is near a golf course
- City Lot
Utilities
- No Cooling
- Radiator
- Heating System Uses Oil
- Hot Water Heating System
- Natural Gas Not Available
- Oil Water Heater
- Internet Available
Listing and Financial Details
- Legal Lot and Block 3 / 3
- Assessor Parcel Number OOBH-000308-000003-000003
Community Details
Overview
- No Home Owners Association
Recreation
- Country Club
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2024
Closed on
Oct 11, 2024
Sold by
Pine Patrick L
Bought by
Cerbone Anthony and Cerbone Gail
Seller's Agent
Eric Meadows Margaret {Maggie} Ellis
Portside Real Estate Group
Buyer's Agent
Melissa Rioux
EXP Realty
List Price
$429,900
Sold Price
$445,000
Premium/Discount to List
$15,100
3.51%
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,641
Avg. Annual Appreciation
3.16%
Original Mortgage
$356,000
Outstanding Balance
$352,257
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$107,384
Purchase Details
Listed on
Aug 27, 2021
Closed on
Sep 29, 2021
Sold by
Chou Alexander L
Bought by
Pine Patrick
Seller's Agent
Jennifer Eri Susan Croteau
Bean Group
Buyer's Agent
Michele Meadows
Bay Realty
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$319,500
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 8, 2021
Sold by
Ac Ventures Llc
Bought by
Chou Alexander L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
May 30, 2018
Closed on
Jul 23, 2018
Sold by
Hunt Ryan W and Hunt Amanda L
Bought by
Chou Alexander L
Seller's Agent
Jeffrey Reali
Reali Realty, LLC
Buyer's Agent
Jennifer Eri Susan Croteau
Bean Group
List Price
$219,900
Sold Price
$195,000
Premium/Discount to List
-$24,900
-11.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.50%
Original Mortgage
$165,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 12, 2016
Sold by
Wescott Jeffrey L and Wescott Lynn V
Bought by
Hunt Ryan W and Wescott Amanda L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.64%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 21, 2011
Sold by
Fhlmc
Bought by
Wescott Jeffrey L and Wescott Lynn V
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 |
|---|---|---|---|
| Cerbone Anthony | -- | None Available | |
| Cerbone Anthony | -- | None Available | |
| Pine Patrick | -- | None Available | |
| Pine Patrick | -- | None Available | |
| Chou Alexander L | -- | Misc Company | |
| Chou Alexander L | -- | Misc Company | |
| Chou Alexander L | -- | -- | |
| Hunt Ryan W | -- | -- | |
| Wescott Jeffrey L | -- | -- | |
| Chou Alexander L | -- | -- | |
| Hunt Ryan W | -- | -- | |
| Wescott Jeffrey L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cerbone Anthony | $356,000 | |
| Closed | Cerbone Anthony | $356,000 | |
| Previous Owner | Pine Patrick | $319,500 | |
| Previous Owner | Chou Alexander L | $187,500 | |
| Previous Owner | Chou Alexander L | $165,000 | |
| Previous Owner | Hunt Ryan W | $142,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/11/2024 10/11/24 | Sold | $445,000 | +3.5% | $365 / Sq Ft | |
| 09/13/2024 09/13/24 | Pending | -- | -- | -- | |
| 09/04/2024 09/04/24 | For Sale | $429,900 | +21.1% | $353 / Sq Ft | |
| 09/29/2021 09/29/21 | Sold | $355,000 | +1.4% | $291 / Sq Ft | View Prior Sale |
| 08/27/2021 08/27/21 | Pending | -- | -- | -- | |
| 08/27/2021 08/27/21 | For Sale | $350,000 | +79.5% | $287 / Sq Ft | |
| 07/20/2018 07/20/18 | Sold | $195,000 | -11.3% | $160 / Sq Ft | View Prior Sale |
| 06/12/2018 06/12/18 | Pending | -- | -- | -- | |
| 05/30/2018 05/30/18 | For Sale | $219,900 | -- | $181 / 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 | $3,453 | $317,400 | $86,600 | $230,800 |
| 2023 | $3,137 | $275,200 | $72,300 | $202,900 |
| 2022 | $3,026 | $247,200 | $62,800 | $184,400 |
| 2021 | $2,812 | $198,600 | $50,500 | $148,100 |
| 2020 | $2,847 | $184,600 | $45,900 | $138,700 |
| 2019 | $2,861 | $184,600 | $45,900 | $138,700 |
| 2018 | $2,394 | $181,600 | $45,900 | $135,700 |
| 2017 | $2,448 | $155,900 | $40,000 | $115,900 |
| 2016 | $2,390 | $154,600 | $38,700 | $115,900 |
| 2015 | $2,347 | $154,600 | $38,700 | $115,900 |
| 2014 | $2,300 | $154,600 | $38,700 | $115,900 |
| 2013 | $2,133 | $154,600 | $38,700 | $115,900 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Meadows Margaret {Maggie} Ellis
-
Eric Meadows
E
Seller Co-Listing Agent in 2024
Eric Meadows
Portside Real Estate Group
(207) 710-8109
4 in this area
73 Total Sales
-
Melissa Rioux
Buyer's Agent in 2024
Melissa Rioux
EXP Realty
(207) 286-7321
37 in this area
87 Total Sales
-
J
Seller's Agent in 2021
Jennifer Eri Susan Croteau
Bean Group
-
S
Seller Co-Listing Agent in 2021
Stephen Erickson
Bean Group
-
Michele Meadows
Buyer's Agent in 2021
Michele Meadows
Bay Realty
(207) 775-3838
3 in this area
8 Total Sales
Map
Source: Maine Listings
MLS Number: 1602627
APN: OOBH-000308-000003-000003
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.
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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