$1,354,566
SOLD JAN 9, 2025

4 Commonwealth Ln Augusta, ME 04330

-- Bed
8 Baths
13,429 Sq Ft
3.87 Acres

Recently Sold

$101 Per Sq Ft

3% Below List Price

5 Days on Market

Highlights

  • 3.87 Acre Lot
  • No HOA
  • Tile Flooring
  • Wooded Lot
  • Elevator
  • Landscaped

About This Home

As of January 2025

Built in 2008, this majestic and expansive eight-unit complex is located in a prime location and comes with
all of the perks- elevator, intercom, security locks, 8 ft. wide ceramic tile hallways and stairways, separate
utilities, indoor mailboxes, security lighting, sprinkler system and an ample, paved parking area. All utilities
are in one location with outdoor access. Plus, this property includes a previously approved twelve-unit
expansion. Land area is 3.872 acres.
Each unit has two bedrooms, one bath, W/D connections, a fully applianced kitchen with an expansive
living area, including a dining area, and plenty of storage. All units are heated with Rinnai propane heaters.
Flooring is vinyl and carpeting. Units average about 1300sf. Building history- The building was built in 2008
by a local builder and was approved as a condominium project, including an additional 12-unit building
located at the rear of the property. Per current seller, the builder rented the units, due to a bad selling market, and did not
construct the extra 12-unit building. Current seller purchased the building in 2019 and continued to rent the units.

Last Agent to Sell the Property

Daniel Demers

Sell Your Home Services Brokerage Phone: 888-219-3009 Listed on: 10/17/2024

Last Buyer's Agent

Noah Stebbins

The Boulos Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,216

Year Built

  • Built in 2007

Lot Details

  • 3.87 Acre Lot
  • Property fronts a private road
  • Fenced
  • Landscaped
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 8 Full Bathrooms
  • 13,429 Sq Ft Home
  • Multi-Level Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Location

  • Suburban Location

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number AUGU-000047-000013B

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Elevator

Building Details

  • Operating Expense $32,000
  • Gross Income $121,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,216

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 3.87
  • Road Frontage Type: Private
  • MLS Status: Closed
  • Directions: Commonwealth Drive is a private road Located opposite 2128 North Belfast Ave., Augusta, ME. Take exit 113 off of Interstate 95 and go East toward Belfast. Turn right onto North Belfast Ave. Commonwealth Drive is located on your right in 0.4mi.
  • Above Grade Finished Sq Ft: 13429.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 2007
  • Attribution Contact: 888-219-3009
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 104.25
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 3.87
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 13429.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Fence: Yes
  • Roads:Private: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 8
  • Heat System:Radiant: Yes
  • Income Expenses Gross Income: 121500.0
  • Income Expenses Operating Expenses: 32000.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Basement:Slab2: Yes
  • Site:Wooded: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Heat System:Direct Vent Heater: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Amenities:Elevator Passenger: Yes
  • Advertising Remarks:Advertising Remarks: Built in 2008, this majestic and expansive eight-unit complex is located in a prime location and comes with all of the perks- elevator, intercom, security locks, 8 ft. wide ceramic tile hallways and stairways, separate utilities, indoor mailboxes, security lighting, sprinkler system and an ample, paved parking area. All utilities are in one location with outdoor access. Plus, this property includes a previously approved twelve-unit expansion. Land area is 3.872 acres. Each unit has two bedrooms, one bath, W/D connections, a fully applianced kitchen with an expansive living area, including a dining area, and plenty of storage. All units are heated with Rinnai propane heaters. Flooring is vinyl and carpeting. Units average about 1300sf. Building history- The building was built in 2008 by a local builder and was approved as a condominium project, including an additional 12-unit building located at the rear of the property. Per current seller, the builder rented the units, due to a bad selling market, and did not construct the extra 12-unit building. Current seller purchased the building in 2019 and continued to rent the units.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 8
  • Flooring: Vinyl, Tile, Carpet
  • Interior Amenities: Elevator Passenger

Exterior Features

  • Fencing: Fenced
  • Lot Features: Rolling Slope, Sidewalks, Landscaped, Wooded, Near Town, Suburban
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, Direct Vent Heater, Direct Vent Furnace, Baseboard
  • Heating Yn: Yes
  • Electric: Other Electric, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 168577.2
  • Parcel #: AUGU-000047-000013B
  • Zoning: 12954

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 121500.0
  • Annual Operating Expense: 32000.0

Tax Info

  • Tax Annual Amount: 15216.0
  • Tax Lot: 0
  • Tax Year: 2023

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/09/2025 01/09/25 Sold $1,354,567 -3.2% $101 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
10/17/2024 10/17/24 For Sale $1,400,000 +86.7% $104 / Sq Ft
06/28/2018 06/28/18 Sold $750,000 -12.7% $54 / Sq Ft View Prior Sale
04/20/2018 04/20/18 Pending -- -- --
03/29/2018 03/29/18 For Sale $859,000 -- $61 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Daniel Demers

    Seller's Agent in 2025

    Daniel Demers

    Sell Your Home Services

    (877) 893-6566

    3 in this area

    4,601 Total Sales

    Daniel Demers
    Section Image
  • Noah Stebbins

    Buyer's Agent in 2025

    Noah Stebbins

    The Boulos Company

    (207) 400-6737

    2 in this area

    27 Total Sales

    Noah Stebbins
    Section Image

  • D

    Seller's Agent in 2018

    Dennis Wheelock

    Magnusson Balfour Commercial & Business Brokers

    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1607132

Maine Listings

APN: AUGU M:00047 B:0013B L:00000

Maine Kennebec County Augusta 04330

4 Commonwealth Ln, Augusta, ME

Sold

MultiFamily

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