NOT LISTED FOR SALE

41 Third St Auburn, ME 04210

Estimated Value: $257,416 - $333,000

2 Beds
2 Baths
2,070 Sq Ft
$148/Sq Ft Est. Value

Last Sold December 07, 2021

Last sale price $220,000 $106 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,944/month

4 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Level Lot
  • Main Floor Bedroom
  • Baseboard Heating

About This Home

As of December 2021

This building is situated in the heart of one of Auburn's best known historic neighborhoods which is undergoing revitalization with increased public and private investments. Linked to Auburn's history, this property was part of an area decimated in the Spring of 1933 by one of the largest fires ever in Maine. In the fall of 1933, an industrious local shop owner secured a building permit for a four-story brick building. However, with the Great Depression underway, he only built the two stories in place now. Opened in 1933 as Reny's Market, it was one of the first grocery stores to open after the fire to support the rebirth of a neighborhood.
A few decades later, under new ownership, it became the first Post Office in the New Auburn neighborhood under a contract with the shop then known as Doyon's Market.
It's run as a storefront came to an end in the 1980's as an owner converted the storefront into a studio apartment, which it remains to this day. A number of amenities are less than one-tenth of a mile from this property, including a full-service neighborhood grocery store, a neighborhood pub, and one of Auburn's most popular diners. For those looking for urban recreation, a signature park recently built at the confluence of the Little Androscoggin and Androscoggin Rivers and its accompanying fishing and paddling access are also one-tenth of a mile from your front door. Located in the center of an area targeted for redevelopment with new restaurants and businesses planned within a two-block radius, this property is now within Auburn's form-based code area of downtown, creating greater flexibility for use of the former commercial storefront (now studio apartment) as well as the ability to add additional floors in the future should the owner choose. The concrete footings poured expecting to support a much taller building still exist. A city street reconstruction project to be completed in the spring of 2022 will bring a large grassed esplanade with street tree

Last Agent to Sell the Property

Jon Mercier

Maine Source Realty Listed on: 10/07/2021

Last Buyer's Agent

Charmaine Raby

Fontaine Family-The Real Estate Leader

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,766

Year Built

  • Built in 1933

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Membrane Roofing
  • Masonry

Interior Spaces

  • 2,070 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 224
  • Assessor Parcel Number AUBN-000221-000000-000224

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,716
  • Gross Income $18,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,766

Year Built

Built in 1933

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Broad St, take 3rd street, building is on on right.
  • Above Grade Finished Sq Ft: 2070.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1933
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 96.57
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2070.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: 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
  • Gas:Natural - On Site: Yes
  • Heat Fuel:Gas Natural: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 18600.0
  • Income Expenses Operating Expenses: 7716.0
  • Style:Multi-Level: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Parking Other Parking: Yes
  • Water Info:Island3: No
  • Exterior:Brick: Yes
  • Roof:Membrane: Yes
  • Roof:Flat: Yes
  • Construction:Masonry: Yes
  • Advertising Remarks:Advertising Remarks: This building is situated in the heart of one of Auburn's best known historic neighborhoods which is undergoing revitalization with increased public and private investments. Linked to Auburn's history, this property was part of an area decimated in the Spring of 1933 by one of the largest fires ever in Maine. In the fall of 1933, an industrious local shop owner secured a building permit for a four-story brick building. However, with the Great Depression underway, he only built the two stories in place now. Opened in 1933 as Reny's Market, it was one of the first grocery stores to open after the fire to support the rebirth of a neighborhood.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Interior Entry
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Foundation Details: Brick/Mortar
  • Roof: Flat, Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Other

Utilities

  • 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
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Auburn Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: AUBN-000221-000000-000224
  • Zoning: T-4.2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18600.0
  • Annual Operating Expense: 7716.0

Tax Info

  • Tax Annual Amount: 2766.0
  • Tax Lot: 224
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Dec 7, 2021
Sold by
Labonte Jonathan P
Bought by
Mbuyi Ambroise
Seller's Agent
Jon Mercier
Maine Source Realty
Buyer's Agent
Charmaine Raby
Fontaine Family-The Real Estate Leader
List Price
$199,900
Sold Price
$220,000
Premium/Discount to List
$20,100
10.06%
Current Estimated Value
$306,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,104
Avg. Annual Appreciation
8.04%
Original Mortgage
$195,300
Outstanding Balance
$179,697
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$126,407

Purchase Details

Closed on
Nov 2, 2006
Sold by
Cole Gillian L and Kelsey Gillian L
Bought by
Labonte Jonathan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
6.47%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mbuyi Ambroise -- None Available
Labonte Jonathan P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mbuyi Ambroise $195,300
Previous Owner Labonte Jonathan P $130,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2021 12/07/21 Sold $220,000 +10.1% $106 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $199,900 -- $97 / Sq Ft
Source: Maine Listings

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 $4,214 $189,400 $24,100 $165,300
2023 $3,831 $168,400 $21,400 $147,000
2022 $3,192 $140,300 $17,800 $122,500
2021 $2,766 $116,100 $17,800 $98,300
2020 $2,689 $113,200 $17,800 $95,400
2019 $2,689 $113,200 $17,800 $95,400
2018 $2,681 $113,200 $17,800 $95,400
2017 $2,602 $113,200 $17,800 $95,400
2016 $2,552 $114,200 $17,800 $96,400
2015 $2,427 $114,200 $17,800 $96,400
2013 $2,374 $116,200 $17,800 $98,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1511405

Maine Listings

APN: AUBN-000221-000000-000224

Your Personal Tour Guide

Ask me questions while you tour the home.