NOT LISTED FOR SALE

18 Spruce St Augusta, ME 04330

-- Bed
4 Baths
2,970 Sq Ft
0.41 Acre Lot

Sale Details

Date Sold: November 27, 2024

Last sale price $429,000 $144 Per Sq Ft

4 Days on Market

Highlights

  • New Englander Architecture
  • No HOA
  • Tile Flooring
  • Furnished
  • Bathtub
  • Property is near shops

About This Home

As of November 2024

Attention investors! Welcome to this exceptional 4-unit multi-family property, ideally situated in a quiet mixed-use neighborhood. This building boasts a proven rental history, making it a great choice for investors or for those who are looking to live in one unit and rent out the others.
You're not just buying a brick building here, you're getting 4 small businesses under one roof. This property is an Airbnb/furnish finder success story!
Don't miss out on this unique investment opportunity! For more information or to schedule a showing, please call today. Discover how this property can elevate your real estate portfolio!

Last Agent to Sell the Property

Diana Corbett

Maine A LA Carte Real Estate Listed on: 11/01/2024

Last Buyer's Agent

Maryanne Barrows

Auction Services, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,977

Year Built

  • Built in 1938

Lot Details

  • 17,860 Sq Ft Lot
  • Property fronts a freeway
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,970 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Fire Suppression System

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Interior and Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Location

  • Property is near shops
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 149
  • Assessor Parcel Number AUGU-000038-000149

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $37,000
  • Gross Income $93,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,977

Year Built

Built in 1938

Lot Details

0.41 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.41
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS is very accurate. Memorial Bridge, right onto stone , quick right onto Middle and right onto Spruce.
  • Above Grade Finished Sq Ft: 2970.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Year Built: 1938
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 144.44
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.41
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2970.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 93000.0
  • Income Expenses Operating Expenses: 37000.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Basement:BrickMortar: Yes
  • Amenities:Furniture Included: Yes
  • Exterior:Brick: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 3
  • Construction:Masonry: Yes
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Attention investors! Welcome to this exceptional 4-unit multi-family property, ideally situated in a quiet mixed-use neighborhood. This building boasts a proven rental history, making it a great choice for investors or for those who are looking to live in one unit and rent out the others. You're not just buying a brick building here, you're getting 4 small businesses under one roof. This property is an Airbnb/furnish finder success story! Don't miss out on this unique investment opportunity! For more information or to schedule a showing, please call today. Discover how this property can elevate your real estate portfolio!
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Brick/Mortar, Full, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Tile, Laminate, Carpet
  • Interior Amenities: Furniture Included, Bathtub, One-Floor Living
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Office Park
  • Waterfront: No
  • Construction Type: Shingle Siding, Brick, Masonry, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Roof: Pitched, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - Coin
  • Security: Fire System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, 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: 17859.6
  • Parcel #: AUGU-000038-000149
  • Zoning: BP

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 93000.0
  • Annual Operating Expense: 37000.0

Tax Info

  • Tax Annual Amount: 3977.0
  • Tax Lot: 149
  • Tax Year: 2023

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
Nov 1, 2024
Closed on
Nov 23, 2024
Sold by
Bought by
Seller's Agent
Diana Corbett
Maine A LA Carte Real Estate
Buyer's Agent
Maryanne Barrows
Auction Services, Inc.
List Price
$429,000
Sold Price
$429,000
Views
4

Purchase Details

Listed on
Jul 27, 2021
Closed on
Sep 10, 2021
Sold by
Bought by
Seller's Agent
Michael Lee
Venture Real Estate & Asset Management
Buyer's Agent
Brianna Mannisto-Shuc
Pouliot Real Estate
List Price
$275,000
Sold Price
$284,000
Premium/Discount to List
$9,000
3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.67%
Original Mortgage
$213,000
Interest Rate
0.028%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 27, 2021
Closed on
Aug 31, 2021
Sold by
Bought by
Seller's Agent
Michael Lee
Venture Real Estate & Asset Management
Buyer's Agent
Brianna Mannisto-Shuc
Pouliot Real Estate
List Price
$275,000
Sold Price
$284,000
Premium/Discount to List
$9,000
3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
0.028%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
0.049%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$429,000 None Available
-- None Available
-- 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
Closed $376,800
Closed $213,000
Closed $543,000
Closed $117,000
Closed $125,000
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 Prior Sale
11/27/2024 11/27/24 Sold $429,000 0.0% $144 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
11/01/2024 11/01/24 For Sale $429,000 +51.1% $144 / Sq Ft
09/09/2021 09/09/21 Sold $284,000 +3.3% $96 / Sq Ft View Prior Sale
08/04/2021 08/04/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $275,000 -- $93 / 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 $4,287 $175,700 $28,200 $147,500
2024 $4,182 $175,700 $28,200 $147,500
2023 $3,977 $173,200 $28,200 $145,000
2022 $3,797 $173,200 $28,200 $145,000
2021 $3,627 $173,200 $28,200 $145,000
2020 $3,036 $145,000 $0 $145,000
2019 $3,041 $145,000 $0 $145,000
2018 $3,041 $145,000 $0 $145,000
2017 $2,955 $145,000 $0 $145,000
2016 $2,870 $145,000 $0 $145,000
2015 $2,813 $145,000 $0 $145,000
2014 $3,321 $177,900 $82,300 $95,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1608393

Maine Listings
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