NOT LISTED FOR SALE

45 State St Augusta, ME 04330

Estimated Value: $263,000 - $364,000

5 Beds
2.5 Baths
2,594 Sq Ft
$120/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $84,575 $33 Per Sq Ft

Est. 267% increase in value since last sale

Current estimated payment $2,014/month

206 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • No HOA
  • New Englander Architecture
  • 1 Fireplace
  • Detached Garage

About This Home

As of August 2019

2 unit property with solid income and return on investment. Cap rate is estimated at 12. Great location central to all things Augusta! One 4 bedroom unit and one 1 bedroom unit each with private entrance and yard. Live in one and rent the other! 2 car detached garage/barn with storage above and 1-4 cars in driveway. Set on 0.24 Acres. It won't last long!

Last Agent to Sell the Property

Cathleen Manchester

Keller Williams Realty Listed on: 06/25/2019

Co-Listed By

Angela Lee

Keller Williams Realty

Last Buyer's Agent

David Barnard

Vallee Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1845

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,594 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Unfinished Basement
  • Interior and Exterior Basement Entry
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom

Parking

  • Detached Garage
  • Parking Storage or Cabinetry
  • Common or Shared Parking
  • Shared Driveway

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 229
  • Assessor Parcel Number AUGU-000034-000229

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $11,254
  • Gross Income $23,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1845

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2008
  • Co List Office Phone: 207-653-7653
  • MLS Status: Closed
  • Directions: Follow State Street (ME 104) to #45 - North of the Rotary and 1 block above Bridge Street.
  • Above Grade Finished Sq Ft: 2594.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1845
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.24
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2594.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 23700.0
  • Income Expenses Operating Expenses: 11254.29
  • Amenities:Laundry - 1st Floor: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Vehicle Storage:Storage Above: Yes
  • Heat System:Direct Vent Heater: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom, Storage
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Common, Detached, Storage

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Direct Vent Heater, Hot Air
  • 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: 10454.4
  • Parcel #: AUGU-000034-000229
  • Zoning: RC

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23700.0
  • Annual Operating Expense: 11254.29

Tax Info

  • Tax Annual Amount: 2730.0
  • Tax Book Number: 6815
  • Tax Lot: 229
  • Tax Map Number: 34
  • Tax Year: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2019
Closed on
Aug 28, 2019
Sold by
Philbrook Rita
Bought by
Allen Isaac A
Seller's Agent
Cathleen Manchester
Keller Williams Realty
Buyer's Agent
David Barnard
Vallee Real Estate
List Price
$100,000
Sold Price
$84,575
Premium/Discount to List
-$15,425
-15.42%
Current Estimated Value
$310,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,119
Avg. Annual Appreciation
24.35%
Original Mortgage
$80,346
Outstanding Balance
$71,125
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$239,569
Source: Public Records

Range of Values:

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Average Value
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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
Allen Isaac A -- --
Allen Isaac A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Isaac A $80,346
Closed Allen Isaac A $80,346
Previous Owner Shepherd Rita W $50,585
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $84,575 -15.4% $33 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
01/11/2019 01/11/19 For Sale $100,000 -- $39 / 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 $3,848 $161,700 $26,400 $135,300
2023 $3,713 $161,700 $26,400 $135,300
2022 $3,544 $161,700 $26,400 $135,300
2021 $3,223 $153,900 $26,400 $127,500
2020 $2,726 $130,200 $26,400 $103,800
2019 $2,730 $130,200 $26,400 $103,800
2018 $2,692 $130,200 $26,400 $103,800
2017 $2,653 $130,200 $26,400 $103,800
2016 $2,579 $130,300 $26,400 $103,900
2015 $2,528 $130,300 $26,400 $103,900
2014 $2,433 $130,300 $26,400 $103,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1402117

Maine Listings

APN: AUGU-000034-000229