NOT LISTED FOR SALE

Estimated Value: $359,000 - $417,000

7 Beds
3 Baths
2,778 Sq Ft
$136/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $340,000 $122 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,432/month

2 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Forced Air Zoned Heating System
  • No HOA
  • Tankless Water Heater
  • Baseboard Heating

About This Home

As of June 2023

Three-unit multi-family conveniently located in town Auburn and close to all amenities. Two 2-bedroom units and one 4-bedroom unit, each having their own washer/dryer hookups. Since Seller has owned the property, the roof, siding, windows, decks, furnace, and water heater were replaced. Fully occupied and each unit pays for their own electricity. Fantastic investment opportunity with so much potential for profit growth. Come check it out!

Last Agent to Sell the Property

Erika Robert

The Dot Fernald Team, Inc. Listed on: 05/28/2023

Co-Listed By

Scott Robert

The Dot Fernald Team, Inc.

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,960

Year Built

  • Built in 1920

Lot Details

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

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 2,778 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Tankless Water Heater
  • Gas Water Heater
  • Water Heated On Demand

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 254
  • Assessor Parcel Number 49fourthstreetauburn04210

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $11,329
  • Gross Income $39,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,960

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2852
  • Co List Office Phone: 207-240-0052
  • MLS Status: Closed
  • Directions: From Broad St, turn onto Fourth St. Apartment will be located on the right.
  • Above Grade Finished Sq Ft: 2778.0
  • Architectural Style: Multi-Level, Other Style
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2778.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Water Heater:Tankless: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 39300.0
  • Income Expenses Operating Expenses: 11329.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Driveway:Gravel: Yes
  • Roof:RolledHot Mop: Yes
  • Roof:Flat: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Flat, Rolled/Hot Mop
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, On Site, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, 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: 4791.6
  • Parcel #: 49fourthstreetauburn04210
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 39300.0
  • Annual Operating Expense: 11329.0

Tax Info

  • Tax Annual Amount: 2960.0
  • Tax Book Number: 8142
  • Tax Lot: 254
  • Tax Map Number: 221
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2023
Closed on
Jun 30, 2023
Sold by
Robert Marcel J
Bought by
Nsica Oliveira F and Bicando Ivete I
Seller's Agent
Erika Robert
The Dot Fernald Team, Inc.
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Current Estimated Value
$378,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,085
Avg. Annual Appreciation
6.79%
Original Mortgage
$333,841
Outstanding Balance
$326,901
Interest Rate
6.57%
Mortgage Type
FHA
Estimated Equity
$60,069

Purchase Details

Closed on
Apr 11, 2011
Sold by
49 Fourth Street Llc
Bought by
Robert Marcel J P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,865
Interest Rate
4.81%
Mortgage Type
FHA
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
Nsica Oliveira F $340,000 None Available
Robert Marcel J P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nsica Oliveira F $333,841
Previous Owner Robert Marcel $12,865
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $340,000 -2.9% $122 / Sq Ft
05/30/2023 05/30/23 Pending -- -- --
05/28/2023 05/28/23 For Sale $350,000 -- $126 / 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 $3,907 $175,600 $24,100 $151,500
2023 $3,551 $156,100 $21,400 $134,700
2022 $2,960 $130,100 $17,800 $112,300
2021 $3,099 $130,100 $17,800 $112,300
2020 $3,009 $126,700 $17,800 $108,900
2019 $3,009 $126,700 $17,800 $108,900
2018 $3,000 $126,700 $17,800 $108,900
2017 $2,913 $126,700 $17,800 $108,900
2016 $2,832 $126,700 $17,800 $108,900
2015 $2,692 $126,700 $17,800 $108,900
2013 $2,588 $126,700 $17,800 $108,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1560399

Maine Listings

APN: AUBN-000221-000000-000254