NOT LISTED FOR SALE

552 Riverside Dr Augusta, ME 04330

Estimated Value: $371,000 - $410,920

5 Beds
3 Baths
2,400 Sq Ft
$161/Sq Ft Est. Value

Last Sold July 27, 2022

Last sale price $325,000 $135 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,295/month

4 Days on Market

Highlights

  • New Englander Architecture
  • Porch
  • Level Lot
  • No HOA
  • Coin Laundry
  • Carpet

About This Home

As of July 2022

Well cared for 3-unit apartment building located in Augusta. There are two paved driveways and vinyl siding. The first floor has a two bedroom unit with a recently renovated bathroom and new flooring throughout most of the unit. This unit has interior access to the basement. Two entrances, one is private with a sunroom off the rear of the building. The front foyer has coin-op laundry in the common space. Upstairs you'll find the other two units. The one bedroom/studio in the front of the building has new flooring, kitchen, and bathroom updates. The third unit is upstairs and to the rear of the building. Separate electric panels, Rinnai heaters, and fuel tanks. Update list available upon request. Group showings are scheduled Friday June 10th 2-4:00 and Saturday June 11th 2-4:00.

Last Agent to Sell the Property

Daniel Buckley

Keller Williams Realty Listed on: 06/07/2022

Keller Williams Realty

Last Buyer's Agent

Carol Papale

Berkshire Hathaway HomeServices Verani Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,971

Year Built

  • Built in 1928

Lot Details

  • 0.49 Acre Lot
  • Level Lot
  • Open Lot

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2,400 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Flooring

  • Carpet
  • Laminate

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

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

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number AUGU-000051-000005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $9,986
  • Gross Income $33,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,971

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.49
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Augusta out Riverside Dr. - #552.
  • Above Grade Finished Sq Ft: 2400.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1928
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 114.58
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.49
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2400.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 33780.0
  • Income Expenses Operating Expenses: 9986.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Heat System:Direct Vent Heater: Yes
  • Style:New Englander: Yes
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Well cared for 3-unit apartment building located in Augusta. There are two paved driveways and vinyl siding. The first floor has a two bedroom unit with a recently renovated bathroom and new flooring throughout most of the unit. This unit has interior access to the basement. Two entrances, one is private with a sunroom off the rear of the building. The front foyer has coin-op laundry in the common space. Upstairs you'll find the other two units. The one bedroom/studio in the front of the building has new flooring, kitchen, and bathroom updates. The third unit is upstairs and to the rear of the building. Separate electric panels, Rinnai heaters, and fuel tanks. Update list available upon request. Group showings are scheduled Friday June 10th 2-4:00 and Saturday June 11th 2-4:00.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping, Suburban
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 21344.4
  • Parcel #: AUGU-000051-000005
  • Zoning: PD

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33780.0
  • Annual Operating Expense: 9986.0

Tax Info

  • Tax Annual Amount: 2971.0
  • Tax Lot: 5
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 26, 2022
Sold by
Martin Charles E
Bought by
Quiteke Erinelma J and Quiteke Heliane
Seller's Agent
Daniel Buckley
Keller Williams Realty
Buyer's Agent
Carol Papale
Berkshire Hathaway HomeServices Verani Realty
List Price
$275,000
Sold Price
$325,000
Premium/Discount to List
$50,000
18.18%
Current Estimated Value
$385,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,230
Avg. Annual Appreciation
5.07%
Original Mortgage
$319,113
Outstanding Balance
$304,538
Interest Rate
5.78%
Mortgage Type
FHA
Estimated Equity
$80,692

Purchase Details

Closed on
Jan 3, 2020
Sold by
Violette Joshua
Bought by
Martin Charles E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2009
Sold by
Smith & Young Holding Co
Bought by
Violette Joshua
Source: Public Records
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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
Quiteke Erinelma J $325,000 None Available
Quiteke Erinelma J $325,000 None Available
Quiteke Erinelma J $325,000 None Available
Martin Charles E -- None Available
Martin Charles E -- None Available
Martin Charles E -- None Available
Violette Joshua -- --
Violette Joshua -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quiteke Erinelma J $319,113
Closed Quiteke Erinelma J $319,113
Previous Owner Martin Charles E $123,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2022 07/27/22 Sold $325,000 +18.2% $135 / Sq Ft
06/12/2022 06/12/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $275,000 -- $115 / 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 $3,361 $141,200 $36,500 $104,700
2023 $3,242 $141,200 $36,500 $104,700
2022 $3,095 $141,200 $36,500 $104,700
2021 $2,971 $141,900 $36,500 $105,400
2020 $2,971 $141,900 $36,500 $105,400
2019 $2,976 $141,900 $36,500 $105,400
2018 $2,934 $141,900 $36,500 $105,400
2017 $2,892 $141,900 $36,500 $105,400
2016 $2,808 $141,900 $36,500 $105,400
2015 $2,753 $141,900 $36,500 $105,400
2014 $2,649 $141,900 $36,500 $105,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1531364

Maine Listings

APN: AUGU-000051-000005