$1,495,214*
●
Condo -
Off Market
2 Traynor Street #B
Old Orchard Beach, ME 04064
5 Beds
2 Baths
$1,328,000 - $1,622,000
Reference Base Price*
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
A Unique Offering. An Ocean Front Cottage Renovated and Updated in
2006! Large Decks on both levels, affording amazing views and
relaxation at the beach. Unusual private beach between
cottage and dune grass. This five bedroom and two bath home
makes for a great vacation getaway for families in season or year
round. This Cottage has a great rental history! Two
homes on one lot currently being converted to condominiums.
Doesn't get much better, miles of beach at your doorstep and
short walk to downtown shops and restaurants. Taxes and condo
fees are estimated and to be determined. See MLS 1609727
under multi-family, condos can be purchased together for
$2,772,000. Condo conversion will take approximately 3
months.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Condo
Property Taxes
$562
HOA Dues
-
Year Built
1910
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2023 | No longer available | - | |
| No longer available | |||
| Apr 11, 2023 | Price Decreased |
$1,600,000
↓ $189K
(10.6%) | |
| Price Decreased | |||
| Mar 24, 2023 | Listed | $1,789,000 | |
| Listed | |||
| | |||
|
Southern Maine Cottages. Newly Established, Detached Ocean Front Cottage Style Condo, located directly on the Beach! Only two Cottages on one lot! First time being offered, The five bedroom, 2 bath condo with has a large open first floor concept and is located in a unique ocean front setting. Rare ocean frontage with a private sandy beach directly at your door step, then a private walkway through the dunes, to 7 miles of sandy beaches! Large wrap around deck & balcony affords you the best ocean views. Renovated in 2013. Furnished with strong rental history. Condo Fees and realestate taxes estimated.
| |||
| Apr 1, 2022 | No longer available | - | |
| No longer available | |||
| Dec 11, 2021 | Listed | $1,475,000 | |
| Listed | |||
Property Highlights
Parking Available
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/24/2023
|
5 Bed
|
2 Bath
|
-
|
$1,789,000
5 Bed
2 Bath
|
-
-
|
Charlene Weinstein
Charlene's Coastal Properties
| |
|
03/24/2023
|
4 Bed
|
2 Bath
|
-
|
$1,789,000
4 Bed
2 Bath
|
-
-
|
Charlene Weinstein
Charlene's Coastal Properties
| |
|
09/24/2022
| |
Studio
|
-
|
-
|
$2,772,000
Studio
-
|
-
-
|
Charlene Weinstein
Charlene's Coastal Properties
|
|
12/11/2021
|
5 Bed
|
2 Bath
|
-
|
$1,475,000
5 Bed
2 Bath
|
-
-
|
Charlene Weinstein
Charlene's Coastal Properties
| |
|
12/11/2021
|
4 Bed
|
2 Bath
|
-
|
$1,475,000
4 Bed
2 Bath
|
-
-
|
Charlene Weinstein
Charlene's Coastal Properties
| |
|
04/06/2021
|
9 Bed
|
4 Bath
|
-
|
$2,772,000
9 Bed
4 Bath
|
-
-
|
Charlene Weinstein
Charlene's Coastal Properties
|
Building Info
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