NOT LISTED FOR SALE

70-72 E Grand Ave Unit 111 Old Orchard Beach, ME 04064

Estimated Value: $266,000 - $276,000

1 Bed
1 Bath
456 Sq Ft
$594/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $152,500 $334 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,793/month

40 Days on Market

Highlights

  • Public Beach
  • Property is near public transit
  • Tile Flooring
  • Country Club
  • Air Conditioning
  • Baseboard Heating

About This Home

As of April 2021

This unit is currently rented as a winter rental at $1150 per month. Large one bedroom that sleeps 4 with a full bath. Welcome to Saco Bay Condominums! Prime location, just 400 feet from six miles of beautiful sandy beach and 1/4 mile to the Pier and Palace Playland. Don't miss this investmen. Sold fully furnished and ready to rent or move in the day you close. Shared space includes a 700 sf recreational room/lounge with air hockey - darts- foosball and more, private gym, on site laundry and private storage area. Enjoy unrestricted rental ability to maximize your investment The condo rules allow for short term rentals making this unit perfect for Airbnb / HomeAway type of rental. Low monthly HOA fees keep more money in your pocket. We have both first floor and second floor units. These are the best investment in OOB this close to the water. We can assist you with connecting with cleaners, maintenance people and teach you how to rent your unit. Make money while being away with out the worry. Unit comes with 1 parking space.

Last Agent to Sell the Property

Matthew Chamberlain

Regency Realty Group Listed on: 01/20/2021

Last Buyer's Agent

Nancy Moreshead

The Real Estate Store

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,047

Year Built

  • Built in 1986

Lot Details

  • Public Beach
  • Open Lot

HOA Fees

  • $196 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Fiberglass Roof
  • Vinyl Siding

Interior Spaces

  • 456 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

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

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Legal Lot and Block 2 / 6
  • Assessor Parcel Number 7072eastgrand30462

Community Details

Overview

  • 10 Units
  • Saco Bay Subdivision

Recreation

  • Country Club

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,047

Year Built

Built in 1986

Lot Details

0

HOA Fees

$196 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.32
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Saco Bay
  • Above Grade Finished Sq Ft: 456.0
  • Architectural Style: Townhouse
  • Garage Yn: No
  • Year Built: 1986
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.32
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 456.0
  • 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
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 196.0
  • Location Information:Fee Frequency Paid: Monthly
  • Exterior:Vinyl Siding: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 10
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Location:Near Country Club: Yes
  • Location:Near Railroad: Yes
  • Cooling:AC Units: Yes
  • Roof:Fiberglass: Yes
  • Style:Townhouse: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Has Basement: Full, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Fiberglass, Pitched

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Off Street

Utilities

  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 196.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13939.2
  • Parcel #: 7072eastgrand30462
  • Zoning: dd2

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Annual Amount: 1.0
  • Tax Block: 6
  • Tax Lot: 2
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2021
Closed on
Apr 23, 2021
Sold by
E & C Real Estate Llc
Bought by
Stgermain Melissa K and Stgermain Daniel J
Seller's Agent
Matthew Chamberlain
Regency Realty Group
Buyer's Agent
Nancy Moreshead
The Real Estate Store
List Price
$155,000
Sold Price
$152,500
Premium/Discount to List
-$2,500
-1.61%
Current Estimated Value
$271,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,534
Avg. Annual Appreciation
13.57%
Original Mortgage
$115,000
Outstanding Balance
$103,914
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$167,120
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
Stgermain Melissa K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stgermain Melissa K $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2021 04/23/21 Sold $152,500 -1.6% $334 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $155,000 -- $340 / 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 $2,047 $188,100 $37,600 $150,500
2023 $2,038 $178,800 $35,400 $143,400
2022 $1,955 $159,700 $32,100 $127,600
2021 $1,982 $140,000 $28,700 $111,300
2020 $2,629 $170,500 $24,300 $146,200
Source: Public Records

Agents Affiliated with this Home

  • Matthew Chamberlain

    Seller's Agent in 2021

    Matthew Chamberlain

    Regency Realty Group

    (207) 450-7653

    13 in this area

    80 Total Sales

    Matthew Chamberlain
    Section Image
  • Nancy Moreshead

    Buyer's Agent in 2021

    Nancy Moreshead

    The Real Estate Store

    (207) 329-3545

    115 in this area

    125 Total Sales

    Nancy Moreshead
    Section Image
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Map

Source: Maine Listings

MLS Number: 1480180

Maine Listings

APN: 304 6 2-111

Maine York County Old Orchard Beach 04064

70-72 E Grand Ave Unit 111, Old Orchard Beach, ME

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