NOT LISTED FOR SALE

78 Ocean Ave Old Orchard Beach, ME 04064

1 Bed
8 Baths
4,966 Sq Ft
8,712 Sq Ft Lot

Last Sold November 23, 2020

Last sale price $745,000 $150 Per Sq Ft

13 Days on Market

Highlights

  • Public Beach
  • Wood Flooring
  • Porch
  • Property is near public transit
  • No HOA
  • Zoned Heating

About This Home

As of November 2020

Well maintained 8 unit apartment building. Off street parking and is located approximately 4 blocks from OOB beach front. Historically low vacancy and current landlord has been hands on during entire ownership. Group showing shall be by appointment only. Contact broker for day and time.

Last Agent to Sell the Property

Edward Herczeg

EXP Realty Listed on: 08/25/2020

EXP Realty

Last Buyer's Agent

Jessie Pinkham Demers

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,313

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Public Beach
  • Landscaped
  • Level Lot

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Composition Roof
  • Membrane Roofing

Interior Spaces

  • 8 Full Bathrooms
  • 4,966 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Legal Lot and Block 1 / 19
  • Assessor Parcel Number OOBH-000315-000019-000001

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Coin Laundry

Pet Policy

  • Limit on the number of pets
  • Breed Restrictions

Building Details

  • Operating Expense $22,433
  • Gross Income $76,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,313

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: East on Union Ave, Right on Central Ave and left onto Ocean Ave.
  • Above Grade Finished Sq Ft: 4966.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 160.69
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 4966.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Restrictions:Breed Restrictions: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 8
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 76000.0
  • Income Expenses Operating Expenses: 22433.0
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Basement:BrickMortar: Yes
  • Roof:Membrane: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Driveway:Concrete3: Yes
  • Amenities:Laundry - Coin: Yes
  • Restrictions:No Cats Allowed: Yes
  • Advertising Remarks:Advertising Remarks: Well maintained 8 unit apartment building. Off street parking and is located approximately 4 blocks from OOB beach front. Historically low vacancy and current landlord has been hands on during entire ownership.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Brick/Mortar, Full, Exterior Only, Unfinished
  • Full Bathrooms: 8
  • Flooring: Wood, Vinyl, Tile, Laminate, Composition, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Intown, Near Public Beach, Near Shopping, Neighborhood, Near Railroad
  • Waterfront: No
  • Exclusions: none
  • Construction Type: Composition, Wood Frame
  • Patio And Porch Features: Porch
  • Roof: Composition, Membrane, Pitched
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Concrete, Paved, On Site, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: 1 Pet, Breed Restrictions, No Cats Allowed, Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: OOBH-000315-000019-000001
  • Zoning: R2

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 76000.0
  • Annual Operating Expense: 22433.0

Tax Info

  • Tax Annual Amount: 7313.0
  • Tax Block: 19
  • Tax Lot: 1
  • Tax Year: 2019

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/23/2020 11/23/20 Sold $745,000 -6.6% $150 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $798,000 +87.8% $161 / Sq Ft
09/12/2014 09/12/14 Sold $425,000 -14.1% $86 / Sq Ft View Prior Sale
08/02/2014 08/02/14 Pending -- -- --
07/22/2014 07/22/14 For Sale $495,000 -- $100 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Edward Herczeg

    Seller's Agent in 2020

    Edward Herczeg

    EXP Realty

    (207) 653-6773

    16 Total Sales

    Edward Herczeg
    Section Image

  • J

    Buyer's Agent in 2020

    Jessie Pinkham Demers

    Keller Williams Realty

  • Jessie Demers

    Buyer's Agent in 2020

    Jessie Demers

    Spectrum Real Estate

    (720) 320-1391

    1 in this area

    26 Total Sales

    Jessie Demers
    Section Image
  • Deja Lett

    Seller Co-Listing Agent in 2014

    Deja Lett

    Keller Williams Realty

    (207) 415-8204

    40 in this area

    167 Total Sales

    Deja Lett
    Section Image
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Map

Source: Maine Listings

MLS Number: 1466094

Maine Listings
Maine York County Old Orchard Beach 04064

78 Ocean Ave, Old Orchard Beach, ME

Not Listed for Sale

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