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5 Fourth Avenue, Old Orchard Beach, ME 04064
$1,300,000
5 Fourth Avenue, Old Orchard Beach, ME 04064View this property at 5 Fourth Avenue, Old Orchard Beach, ME 04064
5 Fourth AvenueOld Orchard BeachME04064
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Property Description
Just one house back and steps to the beach and a short walk to the center of OOB. This 5 bedroom turn key investment property has a strong rental history and is fully booked out for the upcoming summer season and beyond. Very well maintained and nicely updated while keeping the warm summer beach house feel. Take in beach and water views from the front porch and many second story rooms. Projected gross income for the 2024 season is $92K including off season rentals. All current rental agreements must be honored.
Full Property Details
Full Property Details for 5 4th Ave
General
- Price: $1,300,000
- Taxes: $8,414 (2024)
- Status: Active
- Type: Commercial Investment
- MLS ID: 1590335
- Updated: 5/21/2024
- Added to Site: 13 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Wood, Laminate
Additional Information
- Equipment: Internet Access Available, Cable
Parking
- Parking Features: 5 - 10 Spaces
Location
- County: York
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Air Conditioning Units
- Heating Type: Hot Water, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Siding, Shingle Siding, Wood Frame
- Roof: Fiberglass
- Stories/Levels: 0
- Building Size: 1925
- Square Feet: 1,925
- Living Area: 1,925 Sq. Ft.
- Year Built: 1921
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227.2
- Zoning: DD-2
- Lot Description: Water View, Downtown, Near Shopping
Water Features
- Water Front Desc.: Ocean
Financial Considerations
- Tax Amount: $8,414
- Tax Year: 2024
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Lot Number: 4-2
Listed by Portside Real Estate Group (207) 846-4300
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Schools
Schools serving 5 4th Ave
School District:Regional School Unit 23
Rating | Name | Grades | Distance |
---|---|---|---|
148 Saco Ave, Old Orchd Bch, ME 04064 | 3-8 | 0.8 mi | |
Jameson Elementary School
20 Jameson Hill Rd, Old Orchd Bch, ME 04064 | PK-2 | 0.9 mi | |
40 E Emerson Cummings Blvd, Old Orchd Bch, ME 04064 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5 4th Ave
Date
Details
Price
Change
Source
5/21/2024
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5 4th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,504
5%
$833,700
13%
2022
$9,034
12%
$738,100
30%
2021
$8,053
—
$568,700
13%
2021
$8,053
4%
$501,300
—
2019
$7,770
2%
$501,300
1%
2018
$7,627
7%
$498,500
10%
2017
$7,123
6%
$453,700
4%
2016
$6,741
2%
$436,000
—
2015
$6,618
2%
$436,000
—
2014
$6,488
8%
$436,000
—
2013
$6,017
2%
$436,000
-1%
2012
$5,903
—
$439,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5 4th Ave
5 Fourth Avenue, Old Orchard Beach, ME 04064 (MLS# 1590335) is a Commercial Investment property. 5 Fourth Avenue is currently listed for $1,300,000 and was received on May 21, 2024. Want to learn more about 5 Fourth Avenue? Do you have questions about finding other Commercial Investment real estate for sale in Old Orchard Beach? You can browse all Old Orchard Beach real estate or contact a Coldwell Banker agent to request more information.