Turn key fully furnished year round vacation or passive income property that generates $31,000 annually within minutes from the beach and other convenient amenities. With its open concept first floor layout and cathedral ceiling, this property projects a spacious feel while allowing plenty of natural sun light to cast throughout the space. This potential cozy home away from home is situated just right to allow for outdoor activities and providing ample off street parking. The property comes fully furnish and efficient heat pump cooling and heating has been added recently to allow for a comfortable stay year round.
Closed
$440,000
55 Ocean Avenue, Old Orchard Beach, ME 04064
2beds
912sqft
Single Family Residence
Built in 1950
4,356 Square Feet Lot
$488,800 Zestimate®
$482/sqft
$2,054 Estimated rent
Home value
$488,800
$464,000 - $518,000
$2,054/mo
Zestimate® history
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$2,722/mo
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Zillow last checked:
Listing updated:
Listed by:
Century 21 North East
Bought with:
Keller Williams Realty
Source: Maine Listings,MLS#: 1603378
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: First
Bedroom 2
- Level: Basement
Kitchen
- Level: First
Living room
- Level: First
Office
- Level: First
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Electric Range, Refrigerator
Features
- 1st Floor Bedroom, Storage
- Flooring: Laminate, Tile, Wood
- Basement: Finished,Partial,Brick/Mortar
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 912
- Total interior livable area: 912 sqft
- Finished area above ground: 624
- Finished area below ground: 288
Property
Parking
- Parking features: Paved, 5 - 10 Spaces, On Street
- Has uncovered spaces: Yes
Lot
- Size: 4,356 Square Feet
- Features: Near Golf Course, Near Public Beach, Near Turnpike/Interstate, Neighborhood, Near Railroad
Details
- Parcel number: OOBHM315B12L13
- Zoning: R2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Frame, Vinyl Siding, Wood Siding
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1950
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Old Orchard Beach
Financial & listing details
- Price per square foot: $482/sqft
- Tax assessed value: $254,800
- Annual tax amount: $2,493
- Date on market: 10/6/2024
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2024 | Sold | $440,000-2.2%$482/sqft |
Source:  Maine Listings #1603378 Report a problem | ||
| 10/6/2024 | Pending sale | $449,900$493/sqft |
Source: Maine Listings #1603378 Report a problem | ||
| 10/6/2024 | Listed for sale | $449,900$493/sqft |
Source: Maine Listings #1603378 Report a problem | ||
| 10/2/2024 | Pending sale | $449,900$493/sqft |
Source: Maine Listings #1603378 Report a problem | ||
| 9/11/2024 | Listed for sale | $449,900+32.4%$493/sqft |
Source: Maine Listings #1603378 Report a problem | ||
| 5/20/2022 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 5/19/2022 | Pending sale | $339,900-12.8%$373/sqft |
Source: Maine Listings #1524391 Report a problem | ||
| 5/18/2022 | Sold | $389,900+14.7%$428/sqft |
Source: Maine Listings #1524391 Report a problem | ||
| 4/25/2022 | Contingent | $339,900$373/sqft |
Source: Maine Listings #1524391 Report a problem | ||
| 4/20/2022 | Pending sale | $339,900$373/sqft |
Source: Maine Listings #1524391 Report a problem | ||
| 4/14/2022 | Listed for sale | $339,900+51.1%$373/sqft |
Source: Maine Listings #1524391 Report a problem | ||
| 9/4/2020 | Sold | $225,000$247/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,772 +11.2% | $254,800 +16.5% |
| 2023 | $2,493 +3.8% | $218,700 +11.5% |
| 2022 | $2,401 +10.3% | $196,200 +27.7% |
| 2021 | $2,176 +6.7% | $153,700 +16.2% |
| 2020 | $2,040 -54.2% | $132,300 -53.9% |
| 2019 | $4,452 +5.6% | $287,200 +4.3% |
| 2018 | $4,214 +13.9% | $275,400 +16.9% |
| 2017 | $3,699 +1.5% | $235,600 0% |
| 2016 | $3,644 +1.8% | $235,700 |
| 2015 | $3,578 +2% | $235,700 |
| 2014 | $3,507 +7.8% | $235,700 |
| 2013 | $3,253 +0.9% | $235,700 -1.7% |
| 2012 | $3,223 +2% | $239,800 -1.8% |
| 2009 | $3,160 -1% | $244,200 -1% |
| 2008 | $3,191 | $246,600 |
Find assessor info on the county website
Neighborhood: 04064
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Nearby schools
GreatSchools rating
- 3/10Loranger Middle SchoolGrades: 3-8Distance: 0.5 mi
- 5/10Old Orchard Beach High SchoolGrades: 9-12Distance: 0.8 mi
- NAJameson Elementary SchoolGrades: PK-2Distance: 0.5 mi
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- Maine
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- Old Orchard Beach
- 04064
- 55 Ocean Avenue
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