NOT LISTED FOR SALE

36 Prospect St Augusta, ME 04330

Augusta Area

Estimated Value: $268,000 - $318,804

4 Beds
3 Baths
2,162 Sq Ft
$136/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2022

Last sale price $230,000 $106 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,825 / mo

4 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • No HOA
  • 1.07 Acre Lot
  • New Englander Architecture
  • 3-minute walk to John Jack Cunningham Playground

About This Home

As of March 2022

Nice three unit building with nearly $40k annual potential rental income in Augusta's historic west side neighborhood on over one acre of land. With one unit vacant, this is a great opportunity for an owner occupant to move in or value add opportunity for an investor with placement of new tenant. The first floor includes a one bedroom unit (currently vacant) and a four bedroom unit and the second floor includes a two bedroom unit with an addition that is not fully finished which could be turned into a third bedroom. Gross annual income stated by owner of $39,600 based on current rental amounts, vacant one bedroom previously rented at $1000 per month. Tenants pay for heat and electric.

Last Agent to Sell the Property

Matt Pouliot

Pouliot Real Estate Brokerage Phone: 207-248-6044 Listed on: 02/13/2022

Last Buyer's Agent

Corey Lee

Real Broker

Real Broker
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,174

Year Built

  • Built in 1900

Lot Details

  • 1.07 Acre Lot
  • Property fronts a freeway
  • Open Lot
  • Lot Has A Rolling Slope

Parking

  • Gravel Driveway

Home Design

  • 2,162 Sq Ft Home
  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Asbestos Siding
  • Asbestos
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Dirt Floor

Location

  • Property is near shops
  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 148
  • Assessor Parcel Number AUGU-000028-000148

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $4,605
  • Gross Income $39,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,174

Year Built

Built in 1900

Lot Details

1.07 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.07
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2162.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Attribution Contact: 207-248-6044
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 97.09
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.07
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2162.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: 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:Walk-Out: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 39600.0
  • Income Expenses Operating Expenses: 4605.0
  • Location:Historic District: Yes
  • Basement:Dirt Floor: Yes
  • Gas:Natural - At Street: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Heat System:Direct Vent Heater: Yes
  • Exterior:Asbestos: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Advertising Remarks:Advertising Remarks: Nice three unit building with nearly $40k annual potential rental income in Augusta's historic west side neighborhood on over one acre of land. With one unit vacant, this is a great opportunity for an owner occupant to move in or value add opportunity for an investor with placement of new tenant. The first floor includes a one bedroom unit (currently vacant) and a four bedroom unit and the second floor includes a two bedroom unit with an addition that is not fully finished which could be turned into a third bedroom. Gross annual income stated by owner of $39,600 based on current rental amounts, vacant one bedroom previously rented at $1000 per month. Tenants pay for heat and electric. Call or text Matt at 207.441.9418 for your showing today!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Walk-Out Access, Exterior Only
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate, Carpet

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Historic District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Metal

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, 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: 46609.2
  • Parcel #: AUGU-000028-000148
  • Zoning: Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 39600.0
  • Annual Operating Expense: 4605.0

Tax Info

  • Tax Annual Amount: 2174.0
  • Tax Lot: 148
  • Tax Year: 2021

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

Closed on
Oct 3, 2023
Sold by
Bought by
Current Estimated Value
$293,701

Purchase Details

Listed on
Feb 13, 2022
Closed on
Mar 31, 2022
Sold by
Bought by
Seller's Agent
Matt Pouliot
Pouliot Real Estate
Buyer's Agent
Corey Lee
Real Broker
List Price
$209,900
Sold Price
$230,000
Premium/Discount to List
$20,100
9.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$184,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 21, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 15, 2010
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
$230,000 None Available
$19,000 --
-- --
-- --
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
Previous Owner $184,000
Previous Owner $22,437
Previous Owner $100,000
Closed $85,970
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
03/31/2022 03/31/22 Sold $230,000 +9.6% $106 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/13/2022 02/13/22 For Sale $209,900 +35.4% $97 / Sq Ft
06/18/2021 06/18/21 Sold $155,000 -13.4% $72 / Sq Ft View Prior Sale
05/27/2021 05/27/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $179,000 -- $83 / 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 $2,533 $103,800 $26,700 $77,100
2024 $2,470 $103,800 $26,700 $77,100
2023 $2,383 $103,800 $26,700 $77,100
2022 $2,275 $103,800 $26,700 $77,100
2021 $2,174 $103,800 $26,700 $77,100
2020 $1,918 $93,500 $26,700 $66,800
2019 $1,921 $91,600 $26,700 $64,900
2018 $1,894 $91,600 $26,700 $64,900
2017 $1,867 $91,600 $26,700 $64,900
2016 $1,813 $91,600 $26,700 $64,900
2015 $1,773 $91,400 $26,500 $64,900
2014 $1,706 $91,400 $26,500 $64,900
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1519625

Maine Listings

APN: AUGU-000028-000148

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