NOT LISTED FOR SALE
1 Bed
1 Bath
152,216 Sq Ft
1870 Built

Sale Details

Date Sold: March 31, 2020

Last sale price $5,750,000 $38 Per Sq Ft

50 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Zoned Heating
  • Main Floor Bedroom
  • Bathtub
  • Baseboard Heating

About This Home

As of March 2020

44 Buildings- 204 units - $34,314 per unit, 152,216 SF, $45.98 per SF. Nice mix of apartments, all buildings are within a 1/2 mile radius of each other and all are located in Augusta and include management office and garage/warehouse. Most have natural gas heat, financials available upon request. Serious inquiries only. Management in place and willing to stay. BROKER OWNED.

Last Agent to Sell the Property

James Pepin

Sprague & Curtis Real Estate Brokerage Email: jim@spragueandcurtis.com Listed on: 08/22/2019

Last Buyer's Agent

Brandon Mitchell

SVN/The Urbanek Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $137,665

Year Built

  • Built in 1870

Home Design

  • 152,216 Sq Ft Home
  • Flat Roof Shape
  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Tar and Gravel Roof
  • Membrane Roofing
  • Metal Roof
  • Wood Siding
  • Vertical Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub
  • Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior and Exterior Basement Entry
  • Dirt Floor
  • Crawl Space

Parking

  • Parking Available
  • Gravel Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Radiator
  • Space Heater
  • Heating System Uses Kerosene
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Water Heater
  • Cable TV Available

Additional Features

  • Level Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 129
  • Assessor Parcel Number AUGU-000033-000139

Community Details

Overview

  • No Home Owners Association

Building Details

  • Operating Expense $633,370
  • Gross Income $1,652,982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$137,665

Year Built

Built in 1870

Listing Details

  • Prop. Type: Residential Income
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 152216.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1870
  • Attribution Contact: jim@spragueandcurtis.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 45.99
  • Property Information:Seasonal: No
  • Property Information:SqFt Finished Above Grade: 152216.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: 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 Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 1652982.0
  • Income Expenses Operating Expenses: 633370.0
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Basement:Dirt Floor: Yes
  • Roof:Pitched: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Roof:RolledHot Mop: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Water Heater:Tank: Yes
  • Heat System:Radiator: Yes
  • Heat System:Space Heater: Yes
  • Foundation Materials:Granite2: Yes
  • Roof:Membrane: Yes
  • Basement Entry:Exterior Only: Yes
  • Electric:Fuses: Yes
  • Roof:Flat: Yes
  • Exterior:Vertical Siding: Yes
  • Roof:TarGravel: Yes
  • Advertising Remarks:Advertising Remarks: 44 Buildings- 204 units - $34,314 per unit, 152,216 SF, $45.98 per SF. Nice mix of apartments, all buildings are within a 1/2 mile radius of each other and all are located in Augusta and include management office and garage/warehouse. Most have natural gas heat, financials available upon request. Serious inquiries only. No seller financing. Price is firm. Management in place and willing to stay. BROKER OWNED.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, None, Walk-Out Access, Crawl Space, Full, Other, Partial, Exterior Entry, Bulkhead, Interior Entry, Exterior Only, Unfinished
  • Flooring: Wood, Vinyl, Tile, Other, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Rolling Slope, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Vertical Siding, Other Exterior, Other, Wood Frame
  • Foundation Details: Block, Granite, Other, Pillar/Post/Pier, Concrete Perimeter
  • Roof: Flat, Membrane, Metal, Other, Pitched, Rolled/Hot Mop, Shingle, Tar/Gravel

Garage/Parking

  • Attached Garage: No
  • Parking Features: 21+ Spaces, Gravel, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Space Heater, Radiator, Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Other Electric, Fuses, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Parcel #: AUGU-000033-000139
  • Zoning: RB2

Multi Family

  • Annual Gross Income: 1652982.0
  • Annual Operating Expense: 633370.0

Tax Info

  • Tax Annual Amount: 137665.0
  • Tax Lot: 129
  • Tax Year: 18

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

Listed on
Aug 28, 2012
Closed on
Apr 4, 2013
Sold by
Bought by
Seller's Agent
Ann Castonguay
Sprague & Curtis Real Estate
Buyer's Agent
James Pepin
Sprague & Curtis Real Estate
List Price
$215,000
Sold Price
$145,000
Premium/Discount to List
-$70,000
-32.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
0.0358%
Mortgage Type
Commercial
Source: Public Records
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

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
-- --
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
Open $11,952,800
Closed $4,887,500
Closed $116,000
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
03/31/2020 03/31/20 Sold $5,750,000 -17.9% $38 / Sq Ft
10/12/2019 10/12/19 Pending -- -- --
08/22/2019 08/22/19 For Sale $7,000,000 +4727.6% $46 / Sq Ft
04/04/2013 04/04/13 Sold $145,000 -32.6% $24 / Sq Ft View Prior Sale
03/15/2013 03/15/13 Pending -- -- --
08/30/2012 08/30/12 For Sale $215,000 -- $36 / 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 $6,498 $266,300 $66,000 $200,300
2024 $6,338 $266,300 $66,000 $200,300
2023 $6,114 $266,300 $66,000 $200,300
2022 $5,837 $266,300 $66,000 $200,300
2021 $5,576 $266,300 $66,000 $200,300
2020 $5,555 $265,300 $66,000 $199,300
2019 $5,563 $265,300 $66,000 $199,300
2018 $5,485 $265,300 $66,000 $199,300
2017 $5,407 $265,300 $66,000 $199,300
2016 $5,250 $265,300 $66,000 $199,300
2015 $5,147 $265,300 $66,000 $199,300
2014 $4,953 $265,300 $66,000 $199,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1430383

Maine Listings
Your Personal Tour Guide

Ask me questions while you tour the home.