NOT LISTED FOR SALE

51 Mount Vernon Ave Augusta, ME 04330

5 Beds
4 Baths
4,087 Sq Ft
6,534 Sq Ft Lot

Last Sold August 14, 2023

Last sale price $160,000 $39 Per Sq Ft

13 Days on Market

Highlights

  • Wood Flooring
  • Zoned Heating
  • Open Lot
  • No HOA
  • Hot Water Heating System

About This Home

As of August 2023

Great equity building opportunity here! This large, 4 unit apartment building has had a tremendous amount of work done to this point and is ready to be finished up. Demo, most framing and some electrical and plumbing rough in has begun on the three unfinished units. Currently the set up is a large 3 bedroom on the first floor, a proposed large 2-3 bedroom unit on the second floor and two spacious 1 bed units on the top floor. The kitchen cabinets have been purchased and are on site. Heating is by way of a Buderus high efficiency gas boiler, and there is natural gas already connected to the building, so each unit could be fit up with its own individual heat source if desired. New roof in 2022 and new pressure treated decks and entrances added to the rear of the building. Walkout basement makes access for utility maintenance or storage easy. With a super hot rental market in Augusta, there is strong demand for newly finished units and this building is sure to fill fast when done. Set up your showing to check it out today!

Last Agent to Sell the Property

Matt Pouliot

Pouliot Real Estate Brokerage Phone: 207-248-6044 Listed on: 07/18/2023

Last Buyer's Agent

Matthew Pouliot

RE/MAX Riverside

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,942

Year Built

  • Built in 1937

Lot Details

  • 6,534 Sq Ft Lot
  • Open Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 4,087 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Site Parking

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 258
  • Assessor Parcel Number AUGU-000035-000258

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,942

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4087.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1937
  • Attribution Contact: 207-248-6044
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 45.27
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4087.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 4
  • Heat System:Multi-Zones: Yes
  • Income Expenses Operating Expenses: 10000.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking:Off Site: Yes
  • Advertising Remarks:Advertising Remarks: Great equity building opportunity here! This large, 4 unit apartment building has had a tremendous amount of work done to this point and is ready to be finished up. Demo, most framing and some electrical and plumbing rough in has begun on the three unfinished units. Currently the set up is a large 3 bedroom on the first floor, a proposed large 2-3 bedroom unit on the second floor and two spacious 1 bed units on the top floor. The kitchen cabinets have been purchased and are on site. Heating is by way of a Buderus high efficiency gas boiler, and there is natural gas already connected to the building, so each unit could be fit up with its own individual heat source if desired. New roof in 2022 and new pressure treated decks and entrances added to the rear of the building. Walkout basement makes access for utility maintenance or storage easy. With a super hot rental market in Augusta, there is strong demand for newly finished units and this building is sure to fill fast when done. Call or text Matt at 207.441.9418 to set up your showing and check it out today!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Full, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl, Other
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Sidewalks, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Site, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water
  • 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: 6534.0
  • Parcel #: AUGU-000035-000258
  • Zoning: RD

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 2942.0
  • Tax Lot: 258
  • Tax Year: 2022
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2023 08/14/23 Sold $160,000 -13.5% $39 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $185,000 -- $45 / 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 $3,527 $148,200 $16,800 $131,400
2023 $3,403 $148,200 $16,800 $131,400
2022 $2,942 $134,200 $16,800 $117,400
2021 $2,810 $134,200 $16,800 $117,400
2020 $2,787 $133,100 $15,700 $117,400
2019 $2,791 $133,100 $15,700 $117,400
2018 $2,791 $133,100 $15,700 $117,400
2017 $2,713 $133,100 $15,700 $117,400
2016 $2,634 $133,100 $15,700 $117,400
2015 $2,582 $133,100 $15,700 $117,400
2014 $2,485 $133,100 $15,700 $117,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1565702

Maine Listings

APN: AUGU 00035-00258-00000