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    • $1,050,000

    75 E Grand Avenue, Old Orchard Beach, ME 04064

    5beds
    1,776sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $1,039,100 Zestimate®
    $591/sqft
    $2,272 Estimated rent

    Home value

    $1,039,100

    $966,000 - $1.10M

    $2,272/mo

    Zestimate® history
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    What's special

    Old orchard beach
    Old Orchard Beach, considered one the top investment locations in Maine! This well cared for 3 unit, just steps from the sands of the Atlantic, offers creative and lucrative short term and long term rental options - with a layout that lends itself to 3 separate units or combine to make one large property offering privacy and space ideal for multi family parties. With an NOI of over $90k, there are few investments yielding this return in our current market. Guests and tenants alike are drawn to a main feature of this property, the one thing you can't change in real estate - location! Easily accessible to restaurants, shops, the pier, and miles of sandy beach. With all furnishings negotiable and a local property management team with proven success in some of the highest grossing rental properties in Maine available to you, this is truly a turn key investment.

    Zillow last checked:

    Listing updated:

    Listed by:

    Benchmark Real Estate

    Bought with:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1572036MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Forced Air, Other
    Cooling
    • None
    Features
    • Flooring: Laminate
    • Basement: Bulkhead,Interior Entry,Walk-Out Access,Full,Unfinished
    Interior area
    • Total structure area: 1,776
    • Total interior livable area: 1,776 sqft
    • Finished area above ground: 1,776
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, 1 - 4 Spaces, Assigned, Carport
    • Has carport: Yes
    Features
    • Patio & porch: Porch
    • Body of water: Atlantic Ocean
    Lot
    • Size: 1,742 Square Feet
    • Features: City Lot, Near Golf Course, Near Public Beach, Near Railroad, Level, Open Lot, Sidewalks
    Details
    • Parcel number: OOBHM304B3L6
    • Zoning: BRD

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Roof: Shingle
    Condition
    • Year built: 1940

    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: $591/sqft
    • Tax assessed value: $719,200
    • Annual tax amount: $7,193
    • Date on market: 9/14/2023

    Price history

    DateEventPrice
    11/6/2023Sold$1,050,000-4.5%$591/sqft
    Source: Maine Listings #1572036 Report a problem
    9/27/2023Pending sale$1,100,000$619/sqft
    Source: Maine Listings #1572036 Report a problem
    9/14/2023Listed for sale$1,100,000+63%$619/sqft
    Source: Maine Listings #1572036 Report a problem
    9/15/2021Sold$675,000$380/sqft
    Source: Maine Listings #1500840 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,825 +8.7%$719,200 +13.9%
    2023$7,200 +18.1%$631,600 +26.8%
    2022$6,098 +17.2%$498,200 +35.6%
    2021$5,202 +9.5%$367,400 +19.3%
    2020$4,749 -0.5%$308,000
    2019$4,774 +1.8%$308,000 +0.5%
    2018$4,691 +5.3%$306,600 +8.1%
    2017$4,454 +5.9%$283,700 +4.3%
    2016$4,204 +1.9%$271,900
    2015$4,127 +2%$271,900
    2014$4,046 +7.8%$271,900
    2013$3,752 +4.4%$271,900 +1.6%
    2012$3,595 +3.9%$267,500
    2009$3,461 -0.5%$267,500 -0.5%
    2008$3,480 $268,900 +7.7%
    2006-- $249,600
    Find assessor info on the county website

    Neighborhood: 04064

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    $1,039,100
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    With Zillow Showcase(estimated)
    $1,059,882

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