40 Cedar Ave.

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Address: 40 Cedar Ave., Old Orchard Beach, Maine, US
Created date: November 9, 2023
Date last updated: December 4, 2023

Property Description

Real Estate Auction 23-118 - Fire Damaged 3-Family Home - 40 Cedar Avenue Old Orchard Beach, Maine - Wednesday, November 15, 2023 at 11AM On Premises - The above stated price is the tax assessed value and a place holder only. - The seller reserves the right to accept or reject the high bid. - Real Estate: Consists of a .08+/- acre parcel with 60+/- ft. of frontage on Cedar Avenue. The property is conveniently located a few minutes' walk from the beach and 8/10th of a mile to the OOB Pier. The neighborhood is very quiet and is popular with families. Improving the site is a 3-family home (2,134+/-SF Living Area) designed with 11-rooms including 5-bedrooms, and 3-baths. There is (1) 3-bedroom and (2) 1-bedroom units, and a full basement. One of the second floor 1-bedroom units has extensive damage back to the studs. The other 1-bedroom unit has less damage, and the first floor 3-bedroom unit has suffered from water damage. The furnace systems and many other parts of the home are in good condition and the property is prime for renovations. Reference Tax Map 312, Lot 11-16. - Preview: Wednesday, November 1, 2023 from 10-11AM - Buyer Broker Participation Available. Contact Auctioneer for Qualifications. - Directions: Heading north on the Maine Turnpike take the Saco/Old Orchard Beach exit #36 onto 195, follow 2.2 miles merging onto Rt. 5, follow 1 mile and right onto Union Ave., follow .4 miles and left onto 3RD ST., follow .1 mile and right onto Cedar Ave. to 2nd property on the left. - Terms: A $20,000 deposit to bid in CASH or CERTIFIED U.S. FUNDS, payable to the Keenan Auction Co., Inc. 30 day closing. A 10% Buyer's Premium. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #23-118. Our 51st Year and 8,597th Auction.

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Multifamily type: Apartments
Price: $334,800
Opportunity Zone: No
Address: 40 Cedar Ave., Old Orchard Beach, ME 04064, USA
Provided by:

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