NOT LISTED FOR SALE

164 Summer St Auburn, ME 04210

Estimated Value: $393,000 - $457,443

5 Beds
4 Baths
3,085 Sq Ft
$137/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $365,000 $118 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,596/month

2 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Tankless Water Heater
  • Porch
  • Bathtub
  • Zoned Heating

About This Home

As of January 2023

Amazing investment opportunity for this 4 Unit rental, one 3BR, two 2 BR and one 1 BR apartment. Seller acquired property in 2020 and fully renovated Unit 2 (when tenant moved out) seller added a common laundry for the tenants, seller updated light fixtures and electrical outlets. Extremely well maintained investment property. Great for a full investment or also great as an owner occupied property and let someone else pay your mortgage and make money while doing that. Ample off street parking on the lot.

Last Agent to Sell the Property

Gesine Weller-Jett

4 Maine Realty Listed on: 11/06/2022

Last Buyer's Agent

Emily Taylor

RE/MAX Shoreline

RE/MAX Shoreline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,185

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,085 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • High-Efficiency Furnace
  • Baseboard Heating
  • Hot Water Heating System
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 124
  • Assessor Parcel Number AUBN-000250-000000-000124

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $10,452
  • Gross Income $53,736

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,185

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Turner Street to Dennison Street turn right on Summer, property is on your left
  • Above Grade Finished Sq Ft: 3085.0
  • Architectural Style: Multi-Level, Other Style
  • Garage Yn: No
  • Efficiency: Double Pane Windows, Ceiling Fans, 90% Efficient Furnace
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3085.0
  • Property Information:Garage: No
  • 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
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Water Heater:Tankless: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 53736.0
  • Income Expenses Operating Expenses: 10452.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Ceiling Fans: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Utility Info Electric On Site: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Partial, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Vinyl, Laminate
  • Interior Amenities: Bathtub, One-Floor Living, Shower
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Stone
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Paved, On Site

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: AUBN-000250-000000-000124
  • Zoning: MFU

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 53736.0
  • Annual Operating Expense: 10452.0

Tax Info

  • Tax Annual Amount: 3185.0
  • Tax Book Number: 10633
  • Tax Lot: 124
  • Tax Map Number: 250
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2022
Closed on
Jan 3, 2023
Sold by
Huot Properties Llc
Bought by
Bernardo Paula
Seller's Agent
Gesine Weller-Jett
4 Maine Realty
Buyer's Agent
Emily Taylor
RE/MAX Shoreline
List Price
$359,000
Sold Price
$365,000
Premium/Discount to List
$6,000
1.67%
Current Estimated Value
$410,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,404
Avg. Annual Appreciation
2.51%
Original Mortgage
$358,388
Outstanding Balance
$349,183
Interest Rate
6.61%
Mortgage Type
FHA
Estimated Equity
$40,257

Purchase Details

Listed on
Oct 15, 2020
Closed on
Jan 29, 2021
Sold by
Robinson Nancy D
Bought by
Huot Properties Llc
Seller's Agent
Gina Letourneau
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Gesine Weller-Jett
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$146,500
Sold Price
$142,000
Premium/Discount to List
-$4,500
-3.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.09%
Original Mortgage
$106,500
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Bernardo Paula $365,000 None Available
Huot Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bernardo Paulo $15,618
Open Bernardo Paula $358,388
Previous Owner Huot Properties Llc $106,500
Previous Owner Robinson David $168,141
Previous Owner Robinson David $135,200
Previous Owner Robinson David $33,800
Previous Owner Robinson David F $136,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Sold $365,000 +1.7% $118 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
11/06/2022 11/06/22 For Sale $359,000 +152.8% $116 / Sq Ft
01/29/2021 01/29/21 Sold $142,000 -3.1% $54 / Sq Ft
11/12/2020 11/12/20 Pending -- -- --
04/20/2020 04/20/20 For Sale $146,500 -- $56 / 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 $4,183 $188,000 $35,000 $153,000
2023 $3,802 $167,100 $31,100 $136,000
2022 $3,042 $133,700 $25,900 $107,800
2021 $3,185 $133,700 $25,900 $107,800
2020 $3,097 $130,400 $25,900 $104,500
2019 $3,097 $130,400 $25,900 $104,500
2018 $3,088 $130,400 $25,900 $104,500
2017 $2,998 $130,400 $25,900 $104,500
2016 $3,028 $135,500 $25,900 $109,600
2015 $2,879 $135,500 $25,900 $109,600
2013 $2,766 $135,400 $25,900 $109,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1547619

Maine Listings

APN: AUBN-000250-000000-000124