NOT LISTED FOR SALE

2 Laurel Ave Auburn, ME 04210

Estimated Value: $309,000 - $320,000

5 Beds
3 Baths
3,209 Sq Ft
$98/Sq Ft Est. Value

Last Sold December 27, 2022

Last sale price $245,800 $77 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,982/month

9 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Baseboard Heating
  • Corner Lot
  • Walk-In Closet
  • 2-minute walk to Rodney Bonney Memorial Park

About This Home

As of December 2022

First time on the market in 35 years! This is a great opportunity to start or expand your investment portfoli, or owner-occupy and earn an income where you live! This building sits on a corner lot, and contains 3 units with great rental history. Each unit pays their own electricity and each have their own electric hot water tank. Conveniently located in town close to walking trails, playgrounds and shopping centers.

Last Agent to Sell the Property

Carey Murcin

Meservier & Associates Listed on: 11/08/2022

Last Buyer's Agent

Kelly Sahabo

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,151

Year Built

  • Built in 1903

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Asbestos

Interior Spaces

  • 3,209 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number AUBN-000231-000000-000056

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $13,750
  • Gross Income $33,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,151

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3209.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1903
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3209.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Amenities:Walk-in Closets: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 33120.0
  • Income Expenses Operating Expenses: 13750.0
  • Style:Multi-Level: Yes
  • Exterior:Asbestos: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Laminate
  • Interior Amenities: Walk-In Closet(s)
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 4791.6
  • Parcel #: AUBN-000231-000000-000056
  • Zoning: Traditional Downtown

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33120.0
  • Annual Operating Expense: 13750.0

Tax Info

  • Tax Annual Amount: 3151.0
  • Tax Lot: 56
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Dec 27, 2022
Sold by
Gonia Henryk H
Bought by
Mpubu Santos
Seller's Agent
Carey Murcin
Meservier & Associates
Buyer's Agent
Kelly Sahabo
EXP Realty
List Price
$250,000
Sold Price
$245,800
Premium/Discount to List
-$4,200
-1.68%
Current Estimated Value
$315,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,697
Avg. Annual Appreciation
9.19%
Original Mortgage
$196,640
Outstanding Balance
$191,070
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$124,427
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
Mpubu Santos $245,800 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mpubu Santos $196,640
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2022 12/27/22 Sold $245,800 -1.7% $77 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $250,000 -- $78 / 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 $3,976 $178,700 $24,100 $154,600
2023 $3,613 $158,800 $21,400 $137,400
2022 $3,010 $132,300 $17,800 $114,500
2021 $3,151 $132,300 $17,800 $114,500
2020 $3,061 $128,900 $17,800 $111,100
2019 $3,061 $128,900 $17,800 $111,100
2018 $3,052 $128,900 $17,800 $111,100
2017 $2,963 $128,900 $17,800 $111,100
2016 $2,881 $128,900 $17,800 $111,100
2015 $2,739 $128,900 $17,800 $111,100
2013 $2,633 $128,900 $17,800 $111,100
Source: Public Records

Agents Affiliated with this Home

  • Carey Murcin

    Seller's Agent in 2022

    Carey Murcin

    Meservier & Associates

    (207) 576-8065

    11 in this area

    55 Total Sales

    Carey Murcin
    Section Image

  • K

    Buyer's Agent in 2022

    Kelly Sahabo

    EXP Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1547788

Maine Listings

APN: AUBN-000231-000000-000056

Maine Androscoggin County Auburn 04210

2 Laurel Ave, Auburn, ME

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