Seller's Agent in 2023
Lauren Jones
F.O. Bailey Real Estate
(207) 781-1111
88 Total Sales
123 Spring St Auburn, ME 04210
Auburn Area
--
Bed
7
Baths
3,482
Sq Ft
4,356
Sq Ft Lot
Highlights
- New Englander Architecture
- Shed
- Baseboard Heating
- No HOA
- Forced Air Heating System
- Carpet
About This Home
As of August 20237-Unit Multi-Family in Auburn for $395,000. This investment opportunity features seven thoughtfully laid-out apartments (Three 1-beds and four 2-room studios) in a central and convenient location. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM. Well maintained, the units are entirely rentable as-is, providing an immediate income stream, or they can be renovated to maximize income further. This is an excellent opportunity for stable rental income and long-term growth in a sought-after location with some of the most exponential price trends in the state. The building's layout consists of three units on the first floor, three units on the second floor, and one additional unit on the third floor, making optimal use of the building's size. Tenants enjoy convenient access through two separate entrances—one at the front for five units and another at the back catering to the last two units. The property benefits from its prime location in Auburn's downtown district, with proximity to a wide range of amenities, shops, trendy restaurants, and easy access to public transportation offers an enticing package for potential tenants. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM.
Last Buyer's Agent
Brent Maurice
Harborview Properties, Inc.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,415
Year Built
- Built in 1878
Lot Details
- 4,356
Home Design
- New Englander Architecture
- Shingle Roof
Interior Spaces
- 7 Full Bathrooms
- 3,482 Sq Ft Home
- 3-Story Property
- Carpet
- Interior Basement Entry
Utilities
- No Cooling
- Forced Air Heating System
- Baseboard Heating
- Hot Water Heating System
Additional Features
- Shed
- 4,356 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 126 / 2
- Assessor Parcel Number AUBN-000230-000000-000072
Community Details
Overview
- No Home Owners Association
- 7 Units
Building Details
- Operating Expense $24,699
- Gross Income $76,800
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 13, 2023
Closed on
Aug 7, 2023
Sold by
Bought by
Seller's Agent
Lauren Jones
F.O. Bailey Real Estate
Buyer's Agent
Brent Maurice
Harborview Properties, Inc.
List Price
$395,000
Sold Price
$425,000
Premium/Discount to List
$30,000
7.59%
Purchase Details
Closed on
Sep 21, 2006
Sold by
Bought by
Purchase Details
Closed on
Jun 29, 2006
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $425,000 | None Available | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $131,250 | ||
| Previous Owner | $16,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/07/2023 08/07/23 | Sold | $425,000 | +7.6% | $122 / Sq Ft |
| 07/21/2023 07/21/23 | Pending | -- | -- | -- |
| 07/13/2023 07/13/23 | For Sale | $395,000 | -- | $113 / Sq Ft |
Source: Maine Listings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,631 | $202,400 | $33,800 | $168,600 |
| 2024 | $4,503 | $202,400 | $33,800 | $168,600 |
| 2023 | $4,095 | $180,000 | $30,000 | $150,000 |
| 2022 | $3,415 | $150,100 | $25,000 | $125,100 |
| 2021 | $3,575 | $150,100 | $25,000 | $125,100 |
| 2020 | $3,477 | $146,400 | $25,000 | $121,400 |
| 2019 | $3,477 | $146,400 | $25,000 | $121,400 |
| 2018 | $3,467 | $146,400 | $25,000 | $121,400 |
| 2017 | $3,366 | $146,400 | $25,000 | $121,400 |
| 2016 | $3,272 | $146,400 | $25,000 | $121,400 |
| 2015 | $3,111 | $146,400 | $25,000 | $121,400 |
| 2013 | $2,989 | $146,300 | $25,000 | $121,300 |
Source: Public Records
Agents Affiliated with this Home
-
Lauren Jones
-
B
Buyer's Agent in 2023
Brent Maurice
Harborview Properties, Inc.
Map
Source: Maine Listings
MLS Number: 1565224
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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