NOT LISTED FOR SALE

9 E Grand Ave Unit 24 Scarborough, ME 04074

Estimated Value: $219,000 - $257,000

1 Bed
1 Bath
360 Sq Ft
$686/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $240,000 $667 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,605/month

176 Days on Market

Highlights

  • Nearby Water Access
  • Public Beach
  • Deck
  • Scarborough High School Rated A-
  • Scenic Views
  • 4-minute walk to Snowberry Oceanview Park

About This Home

As of May 2024

Winter is wrapping up early in Southern Maine, and opening day for this vacation cottage is just weeks away! Whether you choose to rent the cottage out as an income property, or keep it all to yourself, you will be ready to move in and enjoy this seaside retreat by the time you close. Being sold fully furnished, this condo is ready to go for whatever you have planned in the spring, summer and fall- all you need is a bathing suit and towel! Located just steps from Maine's most beloved beach, Pine Point, this free standing condo is the largest cottage in the association with a generously sized separate bedroom, as well as open concept living room and kitchennette. The fully updated interior includes white washed shiplap walls, granite countertops, exposed beams with a vaulted ceiling, and a coastal theme sure to put you in the mood to relax. This three season cottage is tucked away at the end of the private road, where you will experience the peace of being surrounded by trees and beautifully landscaped garden space. Experience the ocean breeze and views from the deck and screened porch, which showcase spectacular sunsets over the marsh. This location is walking distance to several local renowned seafood restaurants, or take a short drive or bike ride to Old Orchard Beach to experience the fun summer energy of downtown. Recent exterior updates include a new roof and siding, and motion sensing lights. With a strong summer rental history, and no restrictions on rentals, this property makes a perfect and affordable summer home or investment opportunity. Why rent when you can own your own vacation home to visit whenever you please?

Last Agent to Sell the Property

Janisa Geyer

Berkshire Hathaway HomeServices Verani Realty Listed on: 02/29/2024

Berkshire Hathaway HomeServices Verani Realty

Last Buyer's Agent

Janisa Geyer

Berkshire Hathaway HomeServices Verani Realty Listed on: 02/29/2024

Berkshire Hathaway HomeServices Verani Realty

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $1,881

Year Built

  • Built in 1940

Lot Details

  • 1,307 Sq Ft Lot
  • Property fronts a private road
  • Dirt Road
  • Public Beach
  • Near Conservation Area
  • Street terminates at a dead end
  • Seasonal Access to Property
  • Landscaped
  • Level Lot
  • Land Lease

HOA Fees

  • $69 Monthly HOA Fees

Home Design

  • Cottage
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 360 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room
  • Screened Porch
  • Scenic Vista Views
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Gravel Driveway
  • On-Site Parking
  • Reserved Parking

Outdoor Features

  • Nearby Water Access
  • Deck

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Seasonal Water
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1255
  • Assessor Parcel Number SCAR-000022U-000000-001245

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$1,881

Year Built

Built in 1940

Lot Details

0

HOA Fees

$69 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.03
  • Road Frontage Type: Private
  • Road Surface Type: Gravel, Paved
  • MLS Status: Closed
  • Directions: From Pine Point Road, veer right to East Grand Ave. Turn right into Rest Point Condominiums, and follow road to rear of development. Condo is second from last on left.
  • Above Grade Finished Sq Ft: 360.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 1940
  • Location Information:Leased Land: Yes
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.03
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 360.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Location Information:Association Fee: 69.0
  • Location Information:Fee Frequency Paid: Monthly
  • Roads:Private: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Rental Allowed: Yes
  • Condominium:Units in Building: 1
  • Kitchen Countertop:Granite: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Living Room:Living Room: Yes
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Recreational Water:Nearby: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Construction:Modular: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Kitchen Countertop:Solid Surface: Yes
  • Amenities:Furniture Included: Yes
  • Location:Abuts Conservation: Yes
  • Water:Seasonal4: Yes
  • Condominium:Total Units4: 25
  • Condominium:Rental Terms: Unrestricted
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Parking Reserved Parking: Yes
  • Parking Reserved Parking Spaces: 2
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Has Basement: None, Not Applicable
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, One-Floor Living
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Landscaped, Abuts Conservation, Near Golf Course, Near Public Beach, Near Shopping, Near Town
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Modular
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Screened
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public, Seasonal

Condo/Co-op/Association

  • Association Fee: 69.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 1306.8
  • Parcel #: SCAR-000022U-000000-001245
  • Zoning: RA4

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 25

Tax Info

  • Tax Annual Amount: 1881.0
  • Tax Book Number: 34255
  • Tax Lot: 1255
  • Tax Map Number: u022
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
May 30, 2024
Sold by
Mendelson Veronique Y
Bought by
Laskey Audrey A
Seller's Agent
Janisa Geyer
Berkshire Hathaway HomeServices Verani Realty
Buyer's Agent
Janisa Geyer
Berkshire Hathaway HomeServices Verani Realty
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Views
86
Current Estimated Value
$246,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,875
Avg. Annual Appreciation
2.29%
Original Mortgage
$192,000
Outstanding Balance
$189,873
Interest Rate
7.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$57,002

Purchase Details

Listed on
Jul 2, 2017
Closed on
Aug 23, 2017
Sold by
Hilton Kathleen N
Bought by
Mendelson Veronique Y and Jelliffe Jenny B
Seller's Agent
Robert Magazu
Bean Group
Buyer's Agent
Robert Magazu
Berkshire Hathaway HomeServices Verani Realty
List Price
$145,000
Sold Price
$146,000
Premium/Discount to List
$1,000
0.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$116,800
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2014
Sold by
Hilton Eric P
Bought by
Hilton Kathleen N

Purchase Details

Listed on
May 6, 2013
Closed on
Jul 30, 2013
Sold by
Anita L Armbruster Ret and Armbruster
Bought by
Hilton Eric P and Hilton Kathleen N
Seller's Agent
Nicolette Yattaw
Bean Group
Buyer's Agent
Nicolette Yattaw
Bean Group
List Price
$149,900
Sold Price
$142,000
Premium/Discount to List
-$7,900
-5.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$113,600
Interest Rate
3.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Laskey Audrey A $240,000 None Available
Laskey Audrey A $240,000 None Available
Mendelson Veronique Y -- --
Mendelson Veronique Y -- --
Hilton Kathleen N -- --
Hilton Kathleen N -- --
Hilton Eric P -- --
Hilton Eric P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laskey Audrey A $192,000
Closed Laskey Audrey A $192,000
Previous Owner Mendelson Veronique Y $116,800
Previous Owner Hilton Eric P $113,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $240,000 -7.7% $667 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
02/29/2024 02/29/24 Price Changed $259,900 +4.0% $722 / Sq Ft
02/29/2024 02/29/24 For Sale $250,000 +4.2% $694 / Sq Ft
01/16/2024 01/16/24 Off Market $240,000 -- --
10/17/2023 10/17/23 For Sale $280,000 +91.8% $778 / Sq Ft
08/21/2017 08/21/17 Sold $146,000 +0.7% $442 / Sq Ft
07/09/2017 07/09/17 Pending -- -- --
07/01/2017 07/01/17 For Sale $145,000 +2.1% $439 / Sq Ft
07/27/2013 07/27/13 Sold $142,000 -5.3% $430 / Sq Ft
06/25/2013 06/25/13 Pending -- -- --
05/07/2013 05/07/13 For Sale $149,900 -- $454 / 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 $2,329 $213,100 $125,000 $88,100
2023 $1,881 $117,800 $75,000 $42,800
2022 $1,813 $117,800 $75,000 $42,800
2021 $1,769 $117,800 $75,000 $42,800
2020 $1,751 $117,800 $75,000 $42,800
2019 $1,732 $117,800 $75,000 $42,800
2017 $1,054 $63,900 $31,500 $32,400
2016 $1,017 $63,900 $31,500 $32,400
2015 $990 $63,900 $31,500 $32,400
2014 $965 $63,900 $31,500 $32,400
2013 $944 $63,900 $31,500 $32,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1575102

Maine Listings

APN: SCAR-000022U-000000-001245