$380,000
SOLD JAN 3, 2025

218 Summer St Auburn, ME 04210

-- Bed
2 Baths
2,617 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$145 Per Sq Ft

12% Above List Price

6 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • 5 Car Attached Garage
  • Main Floor Bedroom
  • Porch
  • Bathtub

About This Home

As of January 2025

2 unit with spacious 3 bedroom, 1 bath in each unit with 5 car garage. Property has had substaintial renovations to include roof shingles on main house. New water line from house to street, heat pumps, rinnai heaters, some vinyl replacement windows, new heat pump hot water tanks, fresh paint & more. Tenants pay heat, hot water & electricity. Third floor has potential for future expansion with 5 car garage makes this a great investment.

Last Agent to Sell the Property

Gina Letourneau

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Email: ginaletourneau@masiello.com Listed on: 11/13/2024

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Sandra Sherry

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,463

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • 5 Car Attached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Flat Roof Shape
  • Brick Foundation
  • Block Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Wood Siding

Interior Spaces

  • 2,617 Sq Ft Home
  • Multi-Level Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

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

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number AUBN-000260-000000-000038

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,163
  • Gross Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,463

Year Built

Built in 1920

Lot Details

0

Parking

5

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Turner St to Dennison, right onto Summer St, property on left
  • Above Grade Finished Sq Ft: 2617.0
  • Architectural Style: Colonial, Multi-Level, Other Style
  • Garage Yn: Yes
  • Year Built: 1920
  • Attribution Contact: ginaletourneau@masiello.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 129.88
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2617.0
  • 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
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 5.0
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 34800.0
  • Income Expenses Operating Expenses: 9163.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Roof:RolledHot Mop: Yes
  • Water Heater:Heat Pump2: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Roof:Flat: Yes
  • Advertising Remarks:Advertising Remarks: 2 unit with spacious 3 bedroom, 1 bath in each unit with 5 car garage. Property has had substantial renovations to include roof shingles on main house. New water line from house to street, heat pumps, rinnai heaters, some vinyl replacement windows, new heat pump hot water tanks, fresh paint & more. Tenants pay heat, hot water & electricity. Third floor has potential for future expansion with 5 car garage makes this a great investment.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Block, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Flat, Pitched, Rolled/Hot Mop, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 5.0
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, Direct Vent Furnace
  • 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: 6534.0
  • Parcel #: AUBN-000260-000000-000038
  • Zoning: T4.2B

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 34800.0
  • Annual Operating Expense: 9163.0

Tax Info

  • Tax Annual Amount: 6463.0
  • Tax Lot: 38
  • Tax Year: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2022
Sold by
Auburn City Of
Bought by
Ugo Investments Llc
Current Estimated Value
$399,594

Purchase Details

Closed on
Jun 17, 2022
Sold by
Moon Keegan J and Wells Fargo Bank Na
Bought by
Ugo Investments Llc

Purchase Details

Closed on
Feb 18, 2005
Sold by
Pelletier Robert P and Pelletier Cheryl J
Bought by
Moon Keegan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
5.78%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Foreclosure Deed -- None Available
Foreclosure Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $117,000 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2025 01/03/25 Sold $380,000 +11.8% $145 / Sq Ft
11/19/2024 11/19/24 Pending -- -- --
11/13/2024 11/13/24 For Sale $339,900 -- $130 / 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 $6,464 $290,500 $32,800 $257,700
2023 $4,573 $201,000 $29,200 $171,800
2022 $2,361 $103,800 $24,300 $79,500
2021 $2,932 $123,100 $24,300 $98,800
2020 $2,852 $120,100 $24,300 $95,800
2019 $2,852 $120,100 $24,300 $95,800
2018 $2,844 $120,100 $24,300 $95,800
2017 $2,761 $120,100 $24,300 $95,800
2016 $2,684 $120,100 $24,300 $95,800
2015 $2,552 $120,100 $24,300 $95,800
2013 -- $119,700 $24,300 $95,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1609300

Maine Listings

APN: AUBN-000260-000000-000038