NOT LISTED FOR SALE

247 Main St Auburn, ME 04210

-- Bed
8 Baths
5,079 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: August 26, 2024

Last sale price $655,000 $129 Per Sq Ft

50 Days on Market

Highlights

  • Property is near public transit and shops
  • No HOA
  • Asbestos
  • Wood Flooring
  • Baseboard Heating
  • 1-minute walk to Rodney Bonney Memorial Park

About This Home

As of August 2024

Fantastic Opportunity in the Heart of Auburn. 8 units with solid rental history. Building was gutted and remodeled several years ago and has been well maintained and in the same ownership for years. Walking distance to all downtown community festivities and activities. Ample off street parking by permit. Some unit rent increases are in place for June 2024 to better enhance your cash flow. Build your future with a great Auburn Offering!

Last Agent to Sell the Property

Mark Pilot

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Email: markpilot@masiello.com Listed on: 06/19/2024

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Mark Pilot

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Email: markpilot@masiello.com Listed on: 06/19/2024

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,024

Year Built

  • Built in 1920

Lot Details

  • 10,890 Sq Ft Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

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

Interior Spaces

  • 8 Full Bathrooms
  • 5,079 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

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

Location

  • Property is near public transit and shops
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number AUBN-000231-000000-000005

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $22,273
  • Gross Income $91,054

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,024

Year Built

Built in 1920

Lot Details

0.25 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS friendly...Main Street Auburn....near Academy.
  • Above Grade Finished Sq Ft: 5079.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1920
  • Attribution Contact: markpilot@masiello.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 133.88
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 5079.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 8
  • Income Expenses Gross Income: 91054.0
  • Income Expenses Operating Expenses: 22273.0
  • Style:Multi-Level: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Exterior:Asbestos: Yes
  • Transportation:Public Transport Access: Yes
  • Advertising Remarks:Advertising Remarks: Fantastic Opportunity in the Heart of Auburn. 8 units with solid rental history. Building was gutted and remodeled several years ago and has been well maintained and in the same ownership for years. Walking distance to all downtown community festivities and activities. Ample off street parking by permit. Some unit rent increases are in place for June 2024 to better enhance your cash flow. Build your future with a great Auburn Offering! Contact Mark Pilot at markpilot@masiello.com
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 8
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Public Transit
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Roof: Shingle

Garage/Parking

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

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: 10890.0
  • Parcel #: AUBN-000231-000000-000005
  • Zoning: T-4.1

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 91054.0
  • Annual Operating Expense: 22273.0

Tax Info

  • Tax Annual Amount: 6024.0
  • Tax Lot: 5
  • 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
Jun 19, 2024
Closed on
Aug 26, 2024
Sold by
Bought by
Seller's Agent
Mark Pilot
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Mark Pilot
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$680,000
Sold Price
$655,000
Premium/Discount to List
-$25,000
-3.68%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
0.0689%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2023
Sold by
Bought by

Purchase Details

Closed on
Feb 15, 2018
Sold by
Bought by
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
$655,000 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 $142,000
Closed $524,000
Closed $250,000
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
08/26/2024 08/26/24 Sold $655,000 -3.7% $129 / Sq Ft
06/30/2024 06/30/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $680,000 0.0% $134 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $680,000 -- $134 / 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 $6,818 $298,000 $60,800 $237,200
2024 $6,631 $298,000 $60,800 $237,200
2023 $6,024 $264,800 $54,000 $210,800
2022 $5,021 $220,700 $45,000 $175,700
2021 $5,257 $220,700 $45,000 $175,700
2020 $5,116 $215,400 $45,000 $170,400
2019 $5,116 $215,400 $45,000 $170,400
2018 $5,101 $215,400 $45,000 $170,400
2017 $4,952 $215,400 $45,000 $170,400
2016 $4,814 $215,400 $45,000 $170,400
2015 $4,577 $215,400 $45,000 $170,400
2013 $4,384 $214,600 $45,000 $169,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1589229

Maine Listings
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