About This Home

This 0-bedroom, 0-bathroom commercial at 165 E Grand Avenue in Old Orchard Beach, ME is listed for $535,000 ($659 per sqft). Built in 1937, the home offers 812 sqft of living space on a 0.26 acres lot.

Key Features

  • Built in 1937
  • 0.26 acre lot
  • Waterfront

Property Details

#6
1937

Amenities

WaterfrontA/C
Listing Description

Imagine sitting on your deck with a cold drink and the smell of beach air. Welcome to 165 E Grand Avenue, where you will find Cottage #6 -- a recently renovated 2 bed/2 full bath cottage, with an office and wifi! Whether you're looking for a family getaway, a low-maintenance home by the sea, or an investment property with significant rental potential and the ability to build up, this charming cottage is the hidden gem you've been waiting for.

On the Ocean side of East Grand, you are literally steps away from the sandy 7-mile beach -- a stone's throw. Feels larger in person than it appears in pictures. Newly renovated. 2 condos were combined into 1 free-standing cottage. The L-shaped cottage includes a bonus room/office, freshly painted throughout, 2 updated bathrooms, refinished walls,

new lvp flooring, new shiplap living room ceiling, brand new mini split with cooling, new hot water heater, new stainless steel refrigerator, wainscoating in kitchen, new white quartz countertop and blown in insulation added. Washer dryer room available to owners as well.

The master bedroom ensuite has a vaulted ceiling and a private deck with a garden, a manicured lawn and partial ocean view. The beach is steps away at the top of the street. Part of a non-restrictive association with a low monthly a fee of 167 a month.

The turnover in this association is extremely low due to the close proximity to the Ocean and low association fee. Some even have owned since the establishment of the association. Includes 2 parking spots that run alongside the cottage. Non restrictive association -- you can further improve your cottage within your building envelope.

No pet restrictions for owners. This cottage has an active short term rental license approved by the town. Don't miss this opportunity to buy the beach house you've always dreamed of. Call Laurie Marcello for a private tour or with questions.

Monthly Cost Estimate

$3,028/mo

20% down · 6.5% · 30 years

Principal$387
Interest$2,318
Insurance$156
HOA$167

Estimates only. Actual payments may vary.

Location

165 E Grand Avenue

Old Orchard Beach, ME 04064

Property Details

Flooring

WoodVinyl

Construction

Wood Siding

Heating

Hot Water(Heating)Heat Pump (Heating)Electric (Heating)

Cooling

Heat Pump

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 165 E Grand Avenue is listed at $535,000 ($659/sqft). The estimated monthly payment is $3,028 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $167/month.

Key features include: Built in 1937, 0.26 acre lot, Waterfront.

This property is listed by Laurie Marcello and can be reached at 2076156787.

LM

Laurie Marcello

Agent at Maine Real Estate Experts

(207) 615-6787

Listed by Maine Real Estate Experts

MLS# 1673400· Source: listhub· Listed today

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165 E Grand Avenue, Old Orchard Beach, ME 04064

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