L
Seller's Agent in 2023
Luke Morris
Better Homes & Gardens Real Estate/The Masiello Group
93 Ocean Ave Old Orchard Beach, ME 04064
Estimated Value: $586,000 - $697,000
4
Beds
3
Baths
2,174
Sq Ft
$284/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Colonial Architecture
- Property is near public transit
- Public Beach
- Deck
- Main Floor Bedroom
About This Home
As of July 2023Welcome to 93 Ocean Ave, an exceptional triplex home located in the heart of Old Orchard Beach, Maine! This property presents a wonderful opportunity for owner occupants, investors, or those looking to venture into seasonal rentals or Airbnb hosting. Boasting a prime location just 4/10 of a mile from the beach and a mile from downtown attractions, this property is guaranteed to capture your attention.
Unit 1, situated on the first floor, is a cozy 1 bedroom space featuring a comfortable living area, a fully equipped kitchen, and a bright bedroom. Unit 2, although not pictured, occupies the second floor and offers a spacious layout with 3 bedrooms, a comfortable living room, and a large kitchen. Unit 3, tucked away at the back of the building, is a unique 1 bedroom unit with a distinctive design—featuring an open studio-style room upstairs and a kitchen and bathroom downstairs. Furthermore, each unit comes fully furnished, ensuring a hassle-free move-in experience.
This turnkey property allows you to immerse yourself in the vibrant coastal lifestyle of Old Orchard Beach. Whether you're seeking a lucrative investment opportunity or a place to call home, don't miss out on the versatility this 3-unit building offers. Schedule a showing today and visualize the endless possibilities that await you in this sought-after coastal community.
Last Agent to Sell the Property
Luke Morris
Better Homes & Gardens Real Estate/The Masiello Group Listed on: 06/16/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,801
Year Built
- Built in 1890
Lot Details
- 3,049 Sq Ft Lot
- Public Beach
- Level Lot
Home Design
- Colonial Architecture
- Brick Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,174 Sq Ft Home
- Furnished
- Fireplace Features Blower Fan
- Washer and Dryer Hookup
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
Unfinished Basement
- Brick Basement
- Exterior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
Outdoor Features
- Nearby Water Access
- Deck
Location
- Property is near public transit
Utilities
- No Cooling
- Heating System Uses Kerosene
- Electric Water Heater
Listing and Financial Details
- Tax Lot 112
- Assessor Parcel Number OOBH-000314-000011-000002
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $7,711
- Gross Income $37,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2023
Closed on
Jul 21, 2023
Sold by
Lewis Beverly J
Bought by
Ball Dylan J
Seller's Agent
Luke Morris
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Davian Akers
Keller Williams Realty
List Price
$499,900
Sold Price
$530,007
Premium/Discount to List
$30,107
6.02%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,064
Avg. Annual Appreciation
6.60%
Original Mortgage
$520,406
Outstanding Balance
$507,806
Interest Rate
6.71%
Mortgage Type
FHA
Estimated Equity
$109,265
Purchase Details
Listed on
May 10, 2019
Closed on
Jun 20, 2019
Sold by
Goodhue Robert E and Goodhue Shilo M
Bought by
Lewis Beverly J
Seller's Agent
Scott Townsend
Keller Williams Realty
Buyer's Agent
Mary Turbide
Great American Realty
List Price
$300,000
Sold Price
$315,000
Premium/Discount to List
$15,000
5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.60%
Original Mortgage
$309,294
Interest Rate
4.1%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 3, 2012
Sold by
Goodhue Robert E
Bought by
Goodhue Shilo M and Goodhue Robert E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ball Dylan J | $530,007 | None Available | |
| Lewis Beverly J | -- | -- | |
| Goodhue Shilo M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ball Dylan J | $520,406 | |
| Previous Owner | Lewis Beverly J | $309,294 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/21/2023 07/21/23 | Sold | $530,007 | +6.0% | $244 / Sq Ft | |
| 06/20/2023 06/20/23 | Pending | -- | -- | -- | |
| 06/16/2023 06/16/23 | For Sale | $499,900 | +58.7% | $230 / Sq Ft | |
| 06/21/2019 06/21/19 | Sold | $315,000 | +5.0% | $145 / Sq Ft | View Prior Sale |
| 05/22/2019 05/22/19 | Pending | -- | -- | -- | |
| 05/10/2019 05/10/19 | For Sale | $300,000 | -- | $138 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $4,693 | $431,300 | $113,400 | $317,900 |
| 2023 | $4,228 | $370,900 | $94,900 | $276,000 |
| 2022 | $3,801 | $310,500 | $72,600 | $237,900 |
| 2021 | $3,370 | $238,000 | $59,600 | $178,400 |
| 2020 | $3,465 | $224,700 | $51,800 | $172,900 |
| 2019 | $3,483 | $224,700 | $51,800 | $172,900 |
| 2018 | $3,251 | $217,400 | $51,800 | $165,600 |
| 2017 | $3,278 | $208,800 | $44,700 | $164,100 |
| 2016 | $3,222 | $208,400 | $44,300 | $164,100 |
| 2015 | $3,164 | $208,400 | $44,300 | $164,100 |
| 2014 | $3,101 | $208,400 | $44,300 | $164,100 |
| 2013 | $2,876 | $208,400 | $44,300 | $164,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Davian Akers
Buyer's Agent in 2023
Davian Akers
Keller Williams Realty
(207) 712-5341
8 in this area
121 Total Sales
-
Scott Townsend
Seller's Agent in 2019
Scott Townsend
Keller Williams Realty
(207) 252-0720
18 in this area
517 Total Sales
-
Kathleen Foley
K
Seller Co-Listing Agent in 2019
Kathleen Foley
Keller Williams Realty
(207) 730-2081
72 Total Sales
-
M
Buyer's Agent in 2019
Mary Turbide
Great American Realty
Map
Source: Maine Listings
MLS Number: 1562397
APN: OOBH-000314-000011-000002
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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