About this home
New and improved price! Roof replaced 2024! Heating system replaced 2025! Ideal vacation or rental property, remodeled in 2025. This is one of 12 units that have been converted into condominiums that were carved out of the existing Exit 5 motel. The motel has 26 units that operate seasonally including all motel amenities that are seasonal as well, but the condomiums are open year-round. These condos are situated within a motel setting making them great for a vacation get away or rent them weekly to offset your vacation property expenses. All sitting on 3.2 beautifully landscaped grounds. Unit 36(136) is a 5-bedroom, 2 bath unit, featuring 3 bedrooms, kitchen, living room and full bathroom on 1 st floor and 2 bedrooms, kitchen, living room and full bath on 2nd floor. These condominiums have access to many of the motel amenities which include a large indoor pool, game room, all surrounded with a wraparound deck with plenty of seating and a fire pit and a screened in gazebo for sitting out, additionally there is an enclosed play area for kids (not monitored) Close to shopping and public transportation and most importantly the Beaches and Fun town nearby. Note: This property has a 28-day rule ordinance and perspective buyers should look it up with the city of Saco. (See page 7 of the public offering for a reference)
Listing last checked: Listing updated:
Listed by Listing Agent · Charlene's Coastal Properties · MLS #1659449
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Details at a glance
Interior5 property facts
- Rooms
- 9
- Heating
- Gas Natural,Direct Vent Heater
- Cooling
- Wall Unit(s)
- Flooring
- Laminate
- Fireplaces
- 0
Building5 property facts
- Style
- Condominium
- Year built
- 2007
- Garage
- 0
- Foundation
- Slab
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 3.2 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- MD94
Financial3 property facts
- Annual taxes
- $5,011
- Assessment year
- 2025
- HOA fee
- $586 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $396,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,420 / monthAdjust
- Principal & interest
- $2,002
- Property tax
- $418
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,011. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $586. The billing period was not supplied; confirm the monthly amount before adding it.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 22 Ocean Park Road #136
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