Closed

$555,000

20 Ivy Avenue, Old Orchard Beach, ME 04064

3beds

1,710sqft

Multi Family

Built in 2005

-- sqft lot

$572,000 Zestimate^®

$325/sqft

$2,542 Estimated rent

Home value

$572,000

$543,000 - $601,000

$2,542/mo

Zestimate^® history

Owner options

List your home for rent

$2,542/mo

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$2,542/mo

Rent Zestimate^®

Refinance and save

$3,433/mo

Est. payment

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$3,433/mo

Est. payment

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What's special

Great investment opportunity to own property and have one of the units help pay your mortgage. Well maintained 2 unit located just a short distance form the sandy beaches of Old Orchard. The 1st floor is a 1 bedroom unit and 2nd floor is a 2 bedroom. Most of the furnishings are staying with the property. The current owner lives on the lower level and rents out the 2nd floor unit monthly in the Fall and goes to early Spring. Then they have daily and weekly rentals for the Summer season.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard, Hot Water, Zoned

Cooling

None

Features

1st Floor Bedroom, One-Floor Living, Shower
Flooring: Carpet, Vinyl

Interior area

Total structure area: 1,710
Total interior livable area: 1,710 sqft
Finished area above ground: 1,710
Finished area below ground: 0

Property

Parking

Parking features: Common, Paved, 1 - 4 Spaces, Off Street

Features

Patio & porch: Deck

Lot

Size: 2,613 Square Feet
Features: City Lot, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Railroad, Corner Lot, Level, Open Lot

Details

Parcel number: OOBHM206B12L5
Zoning: R-2

Construction

Type & style

Home type: MultiFamily
Architectural style: Raised Ranch
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Slab
Roof: Shingle

Condition

Year built: 2005

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Old Orchard Beach

Financial & listing details

Price per square foot: $325/sqft
Tax assessed value: $425,700
Annual tax amount: $3,944
Date on market: 8/6/2024
Road surface type: Paved

Price history

Date	Event	Price
11/5/2024	Sold	$555,000-4.3%$325/sqft
Source: Maine Listings #1599389 Report a problem
10/25/2024	Pending sale	$580,000$339/sqft
Source: Maine Listings #1599389 Report a problem
10/8/2024	Contingent	$580,000$339/sqft
Source: Maine Listings #1599389 Report a problem
9/30/2024	Price change	$580,000-2.5%$339/sqft
Source: Maine Listings #1599389 Report a problem
8/6/2024	Listed for sale	$594,900$348/sqft
Source: Maine Listings #1599389 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,632 +9.5%	$425,700 +14.7%
2023	$4,229 +7.2%	$371,000 +15.1%
2022	$3,946 +16.5%	$322,400 +34.7%
2021	$3,388 +0.7%	$239,300 +9.7%
2020	$3,363 -0.5%	$218,100
2019	$3,381 +3.7%	$218,100 +2.4%
2018	$3,259 +6.6%	$213,000 +9.3%
2017	$3,058 +1.3%	$194,800 -0.2%
2016	$3,018 +1.9%	$195,200
2015	$2,963 +2%	$195,200
2014	$2,905 +7.8%	$195,200
2013	$2,694 +0.1%	$195,200 -2.5%
2012	$2,692 +0.4%	$200,300 -3.3%
2009	$2,681	$207,200
2008	$2,681	$207,200 -0.3%
2006	--	$207,900