NOT LISTED FOR SALE

1543 Hotel Rd Auburn, ME 04210

Estimated Value: $539,757

3 Beds
3 Baths
3,840 Sq Ft
$141/Sq Ft Est. Value

Last Sold September 16, 2024

Last sale price $504,000 $131 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,661/month

90 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Baseboard Heating
  • 2 Car Direct Access Garage
  • Zoned Heating
  • Level Lot

About This Home

As of September 2024

Discover a prime mixed-use property offering 2 renovated 2 - bedroom apartments, each with high ceilings and modern amenities. One unit features 2 full baths. Adjacent to the apartments is a 1026 sq ft commercial/office space with endless potential for business. A spacious 27x50 attached section features a 2 car garage plus a spacious workshop, situated on 0.62 acres with ample parking to ensure convenience and versatility. Whether you're an investor, entrepreneur or seeking a live/work set-up, this property offers ideal blend of residential comfort and commercial opportunity.

Last Agent to Sell the Property

Gina Letourneau

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Email: ginaletourneau@masiello.com Listed on: 03/21/2024

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Kelly Sahabo

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,610

Year Built

  • Built in 1947

Lot Details

  • 0.62 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Direct Access Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Home Design

  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,840 Sq Ft Home
  • Multi-Level Property
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 71
  • Assessor Parcel Number AUBN-000207-000000-000071

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $23,570
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,610

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.62
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Court St to right on Minot Ave, left on Hotel Rd, property on right
  • Above Grade Finished Sq Ft: 3840.0
  • Architectural Style: Multi-Level, Other Style
  • Garage Yn: Yes
  • Year Built: 1947
  • Attribution Contact: ginaletourneau@masiello.com
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.62
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3840.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 60000.0
  • Income Expenses Operating Expenses: 23570.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Doghouse, Unfinished
  • Full Bathrooms: 3
  • Flooring: Tile, Laminate
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Garage Door Opener, Inside Entrance

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 27007.2
  • Parcel #: AUBN-000207-000000-000071
  • Zoning: GB2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 60000.0
  • Annual Operating Expense: 23570.0

Tax Info

  • Tax Annual Amount: 8610.0
  • Tax Lot: 71
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Sep 16, 2024
Sold by
Kb-Three Properties Llc
Bought by
Uwera Ella
Seller's Agent
Gina Letourneau
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Kelly Sahabo
EXP Realty
List Price
$475,000
Sold Price
$504,000
Premium/Discount to List
$29,000
6.11%
Views
88
Current Estimated Value
$539,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,757
Avg. Annual Appreciation
6.75%
Original Mortgage
$478,800
Outstanding Balance
$473,418
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$66,339

Purchase Details

Closed on
Nov 10, 2020
Sold by
Bouffard Reginald K
Bought by
Kb 3 Properties Llc

Purchase Details

Listed on
Feb 19, 2018
Closed on
May 7, 2019
Sold by
Carroll Daniel S and Bradbury Scott M
Bought by
Kb 3 Properties Llc
Seller's Agent
Gina Letourneau
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Gina Letourneau-Masiello
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$269,000
Sold Price
$230,000
Premium/Discount to List
-$39,000
-14.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.23%
Original Mortgage
$277,525
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2017
Sold by
Bradbury Scott M
Bought by
Bradbury Scott M and Carroll Daniel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2017
Sold by
Bradbury Scott M and Bradbury Cindy A
Bought by
Bradbury Scott M
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Uwera Ella $504,000 None Available
Uwera Ella $504,000 None Available
Uwera Ella $504,000 None Available
Kb 3 Properties Llc -- None Available
Kb 3 Properties Llc -- None Available
Kb 3 Properties Llc -- None Available
Kb 3 Properties Llc -- --
Kb 3 Properties Llc -- --
Kb 3 Properties Llc -- --
Bradbury Scott M -- --
Bradbury Scott M -- --
Bradbury Scott M -- --
Bradbury Scott M -- --
Bradbury Scott M -- --
Bradbury Scott M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uwera Ella $478,800
Closed Uwera Ella $478,800
Previous Owner Kb 3 Properties Llc $277,525
Previous Owner Bradbury Scott M $166,000
Previous Owner Bradbury Scott M $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2024 09/16/24 Sold $504,000 +12.0% $131 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/19/2024 04/19/24 Price Changed $450,000 -5.3% $117 / Sq Ft
03/21/2024 03/21/24 For Sale $475,000 0.0% $124 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
01/29/2024 01/29/24 For Sale $475,000 +106.5% $124 / Sq Ft
05/07/2019 05/07/19 Sold $230,000 -14.5% $60 / Sq Ft View Prior Sale
12/13/2018 12/13/18 Pending -- -- --
02/19/2018 02/19/18 For Sale $269,000 -- $70 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $9,458 $425,100 $59,600 $365,500
2023 $8,611 $378,500 $53,000 $325,500
2022 $7,196 $316,300 $44,100 $272,200
2021 $7,534 $316,300 $44,100 $272,200
2020 $6,797 $286,200 $44,100 $242,100
2019 $6,322 $286,200 $44,100 $242,100
2018 $6,304 $286,200 $44,100 $242,100
2017 $6,118 $286,100 $44,100 $242,000
2016 $6,566 $308,800 $44,100 $264,700
2015 $6,350 $308,800 $44,100 $264,700
2013 -- $332,800 $60,800 $272,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1581224

Maine Listings

APN: AUBN-000207-000000-000071