NOT LISTED FOR SALE

8 Somerset Ave Old Orchard Beach, ME 04064

Estimated Value: $357,000 - $405,727

2 Beds
1 Bath
729 Sq Ft
$532/Sq Ft Est. Value

Last Sold May 23, 2016

Last sale price $175,000 $240 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $2,267/month

5 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Living Room with Fireplace
  • Nearby Water Access
  • Cape Cod Architecture
  • 4-minute walk to Old Orchard Beach Recreation

About This Home

As of May 2016

Bright, airy and tastefully finished home in a great Old Orchard Beach location. 2 bedrooms, updated kitchen and bath, screened in porch, full walk up attic and full basement. With several recent upgrades this house is in move in ready condition just in time for your summer at the beach! Situated on a large corner level lot with charming stone wall and perennial gardens. Close to town, the ballpark, the pier and the beach!

Last Agent to Sell the Property

Steven Chicoine

Keller Williams Realty Listed on: 04/05/2016

Last Buyer's Agent

Darrel Griffin

RE/MAX Realty One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,929

Year Built

  • Built in 1950

Lot Details

  • 6,534 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Corner Lot
  • Level Lot
  • Open Lot
  • Property is zoned R-2

Home Design

  • Cape Cod Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 729 Sq Ft Home
  • Built-In Features
  • Living Room with Fireplace
  • Screened Porch
  • Wood Flooring
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

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

Outdoor Features

  • Nearby Water Access
  • Shed

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Legal Lot and Block 2 / 12
  • Assessor Parcel Number 8SomersetAvenueOldOrchardBeach04064

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,929

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Saco Ave to Union Ave, right onto Somerset Ave, #8 is on corner of Somerset and Ocean.
  • Above Grade Finished Sq Ft: 729.0
  • Architectural Style: Cape
  • Year Built: 1950
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 240.05
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 729.0
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Water Heater:Electric2: Yes
  • Amenities:_one_st Floor Bedroom: Yes
  • Basement:Unfinished: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Exterior:Clapboard: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Living Room Amenities:Wood Burning Fireplace14: Yes
  • Driveway:Gravel: Yes
  • Property Information:Bank Owned REO: No
  • Property Information:_two_ Detached Houses on 1 Lot: No
  • Bedroom Amenities 2:Built-Ins4: Yes
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Bright, airy and tastefully finished home in a great Old Orchard Beach location. 2 bedrooms, updated kitchen and bath, screened in porch, full walk up attic and full basement. With several recent upgrades this house is in move in ready condition just in time for your summer at the beach! Situated on a large corner level lot with charming stone wall and perennial gardens. Close to town, the ballpark, the pier and the beach!
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range, Dishwasher
  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: 1st Floor Bedroom, Attic, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Near Public Beach, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Screened
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Other, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: 8SomersetAvenueOldOrchardBeach04064
  • Zoning: R-2

Tax Info

  • Tax Annual Amount: 1929.0
  • Tax Block: 12
  • Tax Lot: 2
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2023
Sold by
Stoddard Heather F
Bought by
Erickson Corinne M
Current Estimated Value
$387,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Outstanding Balance
$310,221
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$77,711

Purchase Details

Closed on
Nov 22, 2021
Sold by
Stoddard Jason K
Bought by
Sdl2020 Llc

Purchase Details

Listed on
Apr 5, 2016
Closed on
May 25, 2016
Sold by
Carruthers Jeffrey B and Carruthers Patricia D
Bought by
Farrell Heather
Seller's Agent
Steven Chicoine
Keller Williams Realty
Buyer's Agent
Darrel Griffin
RE/MAX Realty One
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.68%
Original Mortgage
$171,830
Interest Rate
3.58%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Erickson Corinne M $375,000 None Available
Sdl2020 Llc -- None Available
Farrell Heather -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erickson Corinne M $318,750
Previous Owner Farrell Heather $171,830
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2016 05/23/16 Sold $175,000 0.0% $240 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $175,000 -- $240 / 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 $2,779 $255,400 $126,700 $128,700
2023 $2,530 $221,900 $106,600 $115,300
2022 $2,324 $189,900 $82,800 $107,100
2021 $2,301 $162,500 $71,900 $90,600
2020 $2,288 $148,400 $62,500 $85,900
2019 $2,300 $148,400 $62,500 $85,900
2018 $2,033 $147,500 $62,500 $85,000
2017 $2,014 $128,300 $52,700 $75,600
2016 $1,965 $127,100 $54,200 $72,900
2015 $1,929 $127,100 $54,200 $72,900
2014 $1,891 $127,100 $54,200 $72,900
2013 $1,754 $127,100 $54,200 $72,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Steven Chicoine

    Keller Williams Realty

  • D

    Buyer's Agent in 2016

    Darrel Griffin

    RE/MAX

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Map

Source: Maine Listings

MLS Number: 1252931

Maine Listings

APN: OOBH-000314-000012-000002

Maine York County Old Orchard Beach 04064

8 Somerset Ave, Old Orchard Beach, ME

Not Listed for Sale

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