NOT LISTED FOR SALE

167 Summer St Auburn, ME 04210

-- Bed
4 Baths
3,266 Sq Ft
0.25 Acres

Last Sold November 19, 2021

Last sale price $345,000 $106 Per Sq Ft

96 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 1 Car Garage
  • No HOA
  • Baseboard Heating
  • Community Storage Space

About This Home

As of November 2021

Investors take note! This fully rented 4 unit has been recently updated in many areas. Three of the four units pay their own Heat & HW and the 4th can easily be switched. There is opportunity to permit a 5th unit or expand another unit (has been okayed with the town). Large garage and plenty of storage. New spray foam installation and vapor barrier in the basement. Close to schools, parks, shopping, and just minutes to the Maine Turnpike - this location has it all! Beautifully landscaped, with many porches and outdoor space for everyone. On site parking and shared laundry available to tenants. Live in one unit and rent out the rest to cover your mortgage! Many possibilities with this income producing property!

Last Agent to Sell the Property

Timberly Muncey

Realty ONE Group - Compass Listed on: 10/26/2021

Last Buyer's Agent

Brandon Caruso

Maine Source Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,009

Year Built

  • Built in 1920

Lot Details

  • 0.25

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • 3,266 Sq Ft Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Flooring

  • Wood
  • Laminate
  • Tile

Basement

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • 4 Full Bathrooms
  • Washer and Dryer Hookup
  • 0.25 Acre Lot

Listing and Financial Details

  • Tax Lot 219
  • Assessor Parcel Number 167SummerStAuburnME04210

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $9,893
  • Gross Income $51,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,009

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3266.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 104.07
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3266.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 1.0
  • Foundation Materials:Slab: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 51000.0
  • Income Expenses Operating Expenses: 9893.0
  • Gas:Natural - At Street: Yes
  • Driveway:Gravel: Yes
  • Advertising Remarks:Advertising Remarks: Investors take note! This fully rented 4 unit has been recently updated in many areas and has great paying tenants. Three of the four units pay their own Heat & HW and the 4th can easily be switched. There is opportunity to permit a 5th unit or expand another unit (has been okayed with the town). Large garage and plenty of storage. New spray foam installation and vapor barrier in the basement. Close to schools, parks, shopping, and just minutes to the Maine Turnpike - this location has it all! Beautifully landscaped, with many porches and outdoor space for everyone. On site parking and shared laundry available to tenants. Live in one unit and rent out the rest to cover your mortgage! Many possibilities with this income producing property!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead
  • Full Bathrooms: 4
  • Flooring: Wood, Tile, Laminate
  • Interior Amenities: Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: 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: 10890.0
  • Parcel #: 167SummerStAuburnME04210
  • Zoning: r

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 51000.0
  • Annual Operating Expense: 9893.0

Tax Info

  • Tax Annual Amount: 3009.0
  • Tax Lot: 219
  • Tax Year: 2020
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2021 11/19/21 Sold $345,000 +1.5% $106 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $339,900 -- $104 / Sq Ft
Source: Maine Listings

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 $4,588 $206,200 $35,100 $171,100
2023 $4,181 $183,800 $31,200 $152,600
2022 $3,501 $153,900 $26,000 $127,900
2021 $3,704 $155,500 $26,000 $129,500
2020 $3,603 $151,700 $26,000 $125,700
2019 $3,603 $151,700 $26,000 $125,700
2018 $3,592 $151,700 $26,000 $125,700
2017 $3,030 $151,800 $26,000 $125,800
2016 $3,393 $151,800 $26,000 $125,800
2015 $3,013 $151,800 $26,000 $125,800
2013 -- $151,300 $26,000 $125,300
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1501957

Maine Listings
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