NOT LISTED FOR SALE

7 Runnells Ave Old Orchard Beach, ME 04064

Estimated Value: $323,000 - $445,000

4 Beds
2 Baths
1,974 Sq Ft
$202/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $308,500 $156 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,434/month

184 Days on Market

Highlights

  • Nearby Water Access
  • Deck
  • No HOA
  • Public Beach
  • Property is near public transit
  • Bathtub

About This Home

As of February 2022

Unique two family residence within walking distance to restaurants, stores, and public transportation. Each unit has two bedrooms one bath, kitchen, large living room and washer and dryer hook-ups. Good storage on-site. Large lot with plenty of parking.
Live in a unit and rent the other to help pay the mortgage. Good investment property. Close to the I-195 Maine Turnpike spur.

Last Agent to Sell the Property

Donald Pilon

Bean Group Listed on: 06/11/2021

Last Buyer's Agent

Amanda Tanguay

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,833

Year Built

  • Built in 1960

Lot Details

  • 0.37 Acre Lot
  • Public Beach
  • Fenced
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vertical Siding

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Nearby Water Access
  • Deck

Location

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

Utilities

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

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number OOBH-000211-000009-000008

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,833

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.37
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Saco Ave., to Runnells Ave near Jimmy the Greeks Restaurant
  • Above Grade Finished Sq Ft: 1014.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1960
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.37
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1014.0
  • Property Information:SqFt Finished Below Grade: 960.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Fence: Yes
  • Amenities:Storage: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Amenities:Bathtub: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Equipment:Cable: Yes
  • Transportation:Public Transport Access: Yes
  • Exterior:Vertical Siding: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Finished, Full
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 960.0
  • Flooring: Vinyl, Tile, Carpet
  • Interior Amenities: Bathtub, Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vertical Siding, Wood Frame
  • Foundation Details: Block
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • 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: 16117.2
  • Parcel #: OOBH-000211-000009-000008
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2833.0
  • Tax Book Number: 10380
  • Tax Lot: 8
  • Tax Map Number: 211
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Feb 25, 2022
Sold by
Moore Debra A
Bought by
Nida-Eldridge Mikaela
Seller's Agent
Donald Pilon
Bean Group
Buyer's Agent
Amanda Tanguay
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$325,000
Sold Price
$308,500
Premium/Discount to List
-$16,500
-5.08%
Current Estimated Value
$399,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,873
Avg. Annual Appreciation
7.37%
Original Mortgage
$336,982
Outstanding Balance
$313,509
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$85,865
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nida-Eldridge Mikaela $308,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nida-Eldridge Mikaela $336,982
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $308,500 -5.1% $156 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $325,000 -- $165 / 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 $3,794 $348,700 $141,200 $207,500
2023 $3,467 $304,100 $124,900 $179,200
2022 $3,186 $260,300 $99,900 $160,400
2021 $3,267 $230,700 $94,200 $136,500
2020 $2,833 $183,700 $81,700 $102,000
2019 $2,847 $183,700 $81,700 $102,000
2018 $2,771 $181,100 $81,700 $99,400
2017 $2,612 $166,400 $71,900 $94,500
2016 $2,580 $166,900 $72,400 $94,500
2015 $2,534 $166,900 $72,400 $94,500
2014 $2,483 $166,900 $72,400 $94,500
2013 $2,303 $166,900 $72,400 $94,500
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Maine Listings

MLS Number: 1495813

Maine Listings

APN: OOBH-000211-000009-000008