NOT LISTED FOR SALE

70-72 E Grand Ave Unit 112 Old Orchard Beach, ME 04064

Estimated Value: $205,000 - $270,000

1 Bed
1 Bath
449 Sq Ft
$529/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $137,000 $305 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,603/month

81 Days on Market

Highlights

  • Nearby Water Access
  • Country Club
  • Property is near public transit
  • Public Beach
  • Clubhouse
  • Rowhouse Architecture

About This Home

As of May 2021

This unit is currently rented at $1050 for the winter and lease ends 5/15/21. Welcome to Saco Bay Condominums! HOA fees cover all utilities, 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 investment opportunity! The complex has a total of 15 units ranging from 1 to 3 bedroom units with the majority being two bedroom being offering for sale. This unit is a 1 bed 1 full bath unit with 449 sf of living space Sold fully furnished. 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. This unit comes with 1 parking space.

Last Agent to Sell the Property

Matthew Chamberlain

Regency Realty Group Listed on: 01/04/2021

Last Buyer's Agent

Matthew Chamberlain

Regency Realty Group Listed on: 01/04/2021

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,036

Year Built

  • Built in 1986

Lot Details

  • Public Beach
  • Open Lot

HOA Fees

  • $184 Monthly HOA Fees

Home Design

  • 449 Sq Ft Home
  • Rowhouse Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Fiberglass Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Kitchen

  • Cooktop
  • Formica Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 1 Parking Space
  • Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access

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

  • 2 Buildings
  • 10 Units

Amenities

  • Clubhouse
  • Coin Laundry
  • Community Storage Space

Recreation

  • Country Club

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,036

Year Built

Built in 1986

Lot Details

0

HOA Fees

$184 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.32
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 449.0
  • Architectural Style: Row-Inside, 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: 449.0
  • 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
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 184.0
  • Location Information:Fee Frequency Paid: Monthly
  • Exterior:Vinyl Siding: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 10
  • Amenities:_one_st Floor Bedroom: Yes
  • Vehicle Storage:_one_ Car: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Appliances Included:Cooktop: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: 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
  • Location:Near Country Club: Yes
  • Water Info:Island3: No
  • Location:Near Railroad: Yes
  • Cooling:AC Units: Yes
  • Transportation:Public Transport Access: Yes
  • Roof:Fiberglass: Yes
  • Transportation:Rail Available: Yes
  • Condominium:Total Units4: 15
  • Condominium:_pound_ of Buildings: 2
  • Style:Townhouse: Yes
  • Condominium:VA Certification: No
  • Amenities:Laundry - Coin: Yes
  • Style:Row-Inside: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Refrigerator, Cooktop
  • Has Basement: Partial, Walk-Out Access
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, Storage

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site

Utilities

  • Laundry Features: Laundry - Coin
  • 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

  • Community Features: Clubhouse
  • Association Fee: 184.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Amenities:Club House: Yes

Lot Info

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

Multi Family

  • Number Of Units In Community: 10
  • Number Of Units Total: 15

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 4, 2021
Closed on
May 14, 2021
Sold by
E & C Real Estate Llc
Bought by
Dixon Nazrin
Seller's Agent
Matthew Chamberlain
Regency Realty Group
Buyer's Agent
Matthew Chamberlain
Regency Realty Group
List Price
$145,000
Sold Price
$137,000
Premium/Discount to List
-$8,000
-5.52%
Current Estimated Value
$237,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,488
Avg. Annual Appreciation
13.13%
Original Mortgage
$109,600
Outstanding Balance
$99,325
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$138,163
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
Dixon Nazrin -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dixon Nazrin $109,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $137,000 -5.5% $305 / Sq Ft
03/27/2021 03/27/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $145,000 -- $323 / 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 $2,036 $187,100 $37,600 $149,500
2023 $2,027 $177,800 $35,400 $142,400
2022 $1,945 $158,900 $32,100 $126,800
2021 $1,972 $139,300 $28,700 $110,600
2020 $2,615 $169,600 $24,300 $145,300
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
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Map

Source: Maine Listings

MLS Number: 1479079

Maine Listings

APN: 304 6 2-112

Maine York County Old Orchard Beach 04064

70-72 E Grand Ave Unit 112, Old Orchard Beach, ME

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