NOT LISTED FOR SALE

27 Spring St Auburn, ME 04210

Estimated Value: $263,398 - $377,000

5 Beds
2 Baths
2,700 Sq Ft
$117/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $240,000 $89 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,012/month

2 Days on Market

Highlights

  • The property is located in a historic district
  • Attic
  • Forced Air Heating System
  • Wood Flooring
  • No HOA
  • 5-minute walk to Great Falls Plaza

About This Home

As of October 2022

Great Investment opportunity with this income producing 2-unit in a convenient Auburn location! Large units with good rental history and demand to fill upstairs unit. Reach out to learn more and schedule your showing.

Last Agent to Sell the Property

Jeffrey Mateja

Keller Williams Realty Listed on: 08/24/2022

Keller Williams Realty

Co-Listed By

Christopher Bernard

Real Broker

Last Buyer's Agent

John Edmiston

LAER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,087

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,700 Sq Ft Home
  • Multi-Level Property
  • Attic

Flooring

  • Wood
  • Laminate
  • Tile

Unfinished Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

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

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 207
  • Assessor Parcel Number AUBN-000240-000000-000207

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $5,948
  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,087

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2957
  • Co List Office Phone: 207-553-2605
  • MLS Status: Closed
  • Directions: I-95 N to exit 75, Follow ME-100 N/ME-4 N/US-202 E to Spring St, building on left.
  • Above Grade Finished Sq Ft: 2700.0
  • Architectural Style: Duplex, Multi-Level
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2700.0
  • 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:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 30000.0
  • Income Expenses Operating Expenses: 5948.4
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Location:Historic District: Yes
  • Basement:Dirt Floor: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Gas:Natural - At Street: Yes
  • Amenities:Attic: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Tile, Laminate
  • Interior Amenities: Attic

Exterior Features

  • Lot Features: Level, Sidewalks, Historic District, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Stone, Concrete Perimeter, Brick/Mortar
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • 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: 4356.0
  • Parcel #: AUBN-000240-000000-000207
  • Zoning: T-5.1

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30000.0
  • Annual Operating Expense: 5948.4

Tax Info

  • Tax Annual Amount: 3087.0
  • Tax Book Number: 9611
  • Tax Lot: 207
  • Tax Map Number: 240
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2023
Sold by
Newman Alexander G and Haidous Loutfi
Bought by
Mayfair And Maine Llc
Current Estimated Value
$317,100

Purchase Details

Listed on
Aug 24, 2022
Closed on
Oct 7, 2022
Sold by
Ressa Travis N
Bought by
Newman Alexander G and Haidous Loutfi
Seller's Agent
Jeffrey Mateja
Keller Williams Realty
Buyer's Agent
John Edmiston
LAER
List Price
$220,000
Sold Price
$240,000
Premium/Discount to List
$20,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%
Original Mortgage
$168,000
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 13, 2017
Closed on
Jun 7, 2017
Sold by
Veilleux Timothy L and Veilleux Karen J
Bought by
Ressa Travis N
Seller's Agent
Roy L'Italien
CENTURY 21 Advantage
Buyer's Agent
Shelly Alvarez
L&S Realty
List Price
$109,000
Sold Price
$109,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.87%
Original Mortgage
$81,750
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2010
Sold by
Comvest Inc
Bought by
Veilleux Karen J and Veilleux Timothy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage
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
Mayfair And Maine Llc -- None Available
Newman Alexander G $240,000 None Available
Ressa Travis N -- --
Veilleux Karen J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newman Alexander G $168,000
Previous Owner Ressa Travis N $81,750
Previous Owner Veilleux Karen J $80,000
Previous Owner Veilleux Karen J $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2022 10/07/22 Sold $240,000 +9.1% $89 / Sq Ft
08/27/2022 08/27/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $220,000 +101.8% $81 / Sq Ft
05/31/2017 05/31/17 Sold $109,000 0.0% $41 / Sq Ft View Prior Sale
04/25/2017 04/25/17 Pending -- -- --
03/12/2017 03/12/17 For Sale $109,000 -- $41 / 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 $3,892 $174,900 $27,300 $147,600
2023 $3,538 $155,500 $24,300 $131,200
2022 $2,948 $129,600 $20,300 $109,300
2021 $3,087 $129,600 $20,300 $109,300
2020 $3,002 $126,400 $20,300 $106,100
2019 $3,002 $126,400 $20,300 $106,100
2018 $2,993 $126,400 $20,300 $106,100
2017 $2,906 $126,400 $20,300 $106,100
2016 $2,825 $126,400 $20,300 $106,100
2015 $2,686 $126,400 $20,300 $106,100
2013 -- $126,400 $20,300 $106,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1540972

Maine Listings

APN: AUBN-000240-000000-000207