$238,836 EMV

Single-Family
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Smithwheel Rd Unit 40
Old Orchard Beach, ME 04064

Overview

This possible Bankruptcy asset is located at Smithwheel Rd Unit 40, Old Orchard Beach, ME 04064. This property has an estimated market value of $238,836.
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Status: Active
Listing ID: 63876459
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Homes near Smithwheel Rd Unit 40 in Old Orchard Beach, Maine


Learn about Smithwheel Rd Unit 40 in Old Orchard Beach, ME

Our team of real estate experts has conducted a thorough analysis of the current market conditions in Old Orchard Beach, specifically for Smithwheel Rd Unit 40 and comparable listings. Based on this expert analysis, the estimated market value is $238,836. If purchased for rental purposes, the monthly rental rate could range between $890 and $1,211, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Smithwheel Rd Unit 40 are updated daily along with others in Old Orchard Beach, Maine, ensuring you have the most current and accurate information.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Find out more about this property on Smithwheel Rd Unit 40
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What is the city of Old Orchard Beach, ME like?

Old Orchard Beach is a charming coastal town known for its beautiful sandy beaches and vibrant boardwalk. This historic seaside resort offers a laid-back lifestyle that attracts both locals and tourists, making it a great spot for real estate investment. The atmosphere is family-friendly and welcoming, with a variety of dining and entertainment options available throughout the year.

In addition to the stunning beaches, Old Orchard Beach boasts a variety of outdoor recreational activities, including fishing, kayaking, and hiking in nearby state parks. The area is particularly known for its fun-filled summer events, including festivals and concerts, contributing to a lively community spirit.

Residents enjoy access to essential amenities, including grocery stores, schools, and health care facilities. The town is well-connected through various public transportation options, allowing for ease of travel within and beyond the area.

Nearby Schools

There are 3 schools in the area. Nearby schools include Old Orchard Beach High School and Loranger Memorial School.

Old Orchard Beach High School
Loranger Memorial School
Ocean Park Elementary School

Nearby Attractions

There are plenty of activities near this property like Old Orchard Beach Library, Southern Maine Medical Center, and more.

Old Orchard Beach Library
Southern Maine Medical Center
Old Orchard Beach Community Center

What kind of public transportation is there?


Public transportation options include: Maine Eastern Railroad provides train service to nearby cities., Local bus routes operated by the Greater Portland Metro.. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Scarborough Beach State Park, Bayside Park and more.

Scarborough Beach State Park
Bayside Park
Memorial Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Spectrum
Xfinity
TPX Communications
Rental Chart
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for Smithwheel Rd Unit 40 in Old Orchard Beach Maine
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Property Information

Public Records

Community & Neighborhood

This property in Old Orchard Beach, ME is located in the Atlantic Park Condo Subdivision.


Bankruptcy

The property located at Smithwheel Rd Unit 40 in Old Orchard Beach, ME is listed as a potential Bankruptcy asset.

This property may be available as a potential bankruptcy asset in Case Number: 25-20176. It is listed because the address was used as the mailing address for an individual who has filed for bankruptcy on 07-23-2025. This listing at Smithwheel Rd Unit 40 in Old Orchard Beach, Maine is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. We highly recommend that you first contact Anthony J. Manhart (court-appointed receiver / trustee) listed below (scroll down) under "Legal/Bankruptcy Information" sections to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee, like Anthony J. Manhart, will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. Anthony J. Manhart is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy a house that's part of a bankruptcy filing for sale in Old Orchard Beach, ME can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach Anthony J. Manhart to pursue your deal.

Contact Anthony J. Manhart to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Legal Information

Bankruptcy Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Smithwheel Rd Unit 40 located in Old Orchard Beach, ME is $1,082/month. Comparable homes around Smithwheel Rd Unit 40 that are rentals have monthly ranges starting as low as $890 per month and as high as $1,211 per month. An owner looking to use this property as an investment could bring a return in the area of $890 - $1,211 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
07/23/25   Bankruptcy

Similar Homes Nearby Old Orchard Beach, ME


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Smithwheel Rd Unit 40
Old Orchard Beach, ME 04064

Single-Family

$238,836 EMV

Status: Active Listing ID: 63876459

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Smithwheel-Rd-Unit-40-Old-Orchard-Beach-ME-04064/63876459_lid

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