NOT LISTED FOR SALE

40 Quimby St Augusta, ME 04330

Estimated Value: $239,000 - $278,320

5 Beds
2 Baths
2,412 Sq Ft
$111/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $221,000 $92 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,688/month

5 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • No HOA
  • Property is near public transit
  • New Englander Architecture
  • 4-minute walk to Williams Park

About This Home

As of February 2024

Attention investors! Here's an opportunity you don't want to miss! This is an affordable 2-unit property located in one of the best neighborhoods in Augusta. Originally, it was a large single-family home, but it was converted into a duplex and features a flexible floor plan. You could either live in one unit and rent the other, rent both, or convert it back to a single-family home. The first-floor unit has recently been updated with fresh paint and refinished hardwood floors. This unit features 2 bedrooms, a full bath with laundry (washer and dryer will convey), a spacious eat-in kitchen, den/office, and living room, and direct access to the basement. The second-floor unit was recently vacated and could use some TLC. The second-floor unit currently features 3 bedrooms, a full bath, a spacious eat-in kitchen, a living room, and a private deck. In the past, the second-floor unit has been used as a two-room efficiency, one-bedroom, two-bedroom, or three-bedroom unit, and can easily be converted to any of those configurations. This property is located in a convenient in-town location that feels like you are in the suburbs but with city amenities. It is situated across from the Lillian Parks Hussey School and is within walking distance to Williams Park and Recreation Area, Cony Middle and High School, and close to shopping, restaurants, and public transportation. Although the current zoning does not allow for the lot to be split, there may be an opportunity for the construction of an accessory dwelling. Don't miss this great Augusta opportunity. The property is being sold 'As Is.'

Last Agent to Sell the Property

Michael Snell

Excellence Realty Listed on: 01/04/2024

Last Buyer's Agent

Tim Dunham

Tim Dunham Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,146

Year Built

  • Built in 1892

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 2,412 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry
  • Crawl Space

Parking

  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 160
  • Assessor Parcel Number AUGU-000043-000160

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $13,759
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,146

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3
  • MLS Status: Closed
  • Directions: Bangor Street to Quimby Street, #40 will be on the right across from the Lillian Parks Hussey School. The address is GPS friendly.
  • Above Grade Finished Sq Ft: 2412.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1892
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.3
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2412.0
  • 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
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 38400.0
  • Income Expenses Operating Expenses: 13759.0
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Exterior:Aluminum Siding: Yes
  • Water Heater:Heat Pump2: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Partial, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Bathtub
  • Stories: 2

Exterior Features

  • Lot Features: Level, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Near Public Transit
  • Waterfront: No
  • Construction Type: Wood Siding, Aluminum Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, 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: 13068.0
  • Parcel #: AUGU-000043-000160
  • Zoning: RB-1 Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 38400.0
  • Annual Operating Expense: 13759.0

Tax Info

  • Tax Annual Amount: 3146.0
  • Tax Book Number: 6572
  • Tax Lot: 160
  • Tax Map Number: 43
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Feb 16, 2024
Sold by
Bowden Lisa J
Bought by
Garrett Craig L
Seller's Agent
Michael Snell
Excellence Realty
Buyer's Agent
Tim Dunham
Tim Dunham Realty
List Price
$227,700
Sold Price
$221,000
Premium/Discount to List
-$6,700
-2.94%
Views
9
Current Estimated Value
$267,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,080
Avg. Annual Appreciation
12.32%
Source: Public Records

Range of Values:

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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
Garrett Craig L $221,000 None Available
Garrett Craig L $221,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $221,000 -2.9% $92 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $227,700 -- $94 / 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 $3,261 $137,000 $33,500 $103,500
2023 $3,146 $137,000 $33,500 $103,500
2022 $3,003 $137,000 $33,500 $103,500
2021 $2,869 $137,000 $33,500 $103,500
2020 $2,869 $137,000 $33,500 $103,500
2019 $2,873 $137,000 $33,500 $103,500
2018 $2,873 $137,000 $33,500 $103,500
2017 $2,792 $137,000 $33,500 $103,500
2016 $2,711 $137,000 $33,500 $103,500
2015 $2,658 $137,000 $33,500 $103,500
2014 $2,558 $137,000 $33,500 $103,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1579857

Maine Listings

APN: AUGU-000043-000160