NOT LISTED FOR SALE

558 Riverside Dr Augusta, ME 04330

Augusta Area
-- Beds
2 Baths
8,000 Sq Ft
1.15 Acre Lot

Sale Details

Date Sold: March 16, 2023

Last sale price $315,000 $39 Per Sq Ft

6 Days on Market

Highlights

  • 1.15 Acre Lot
  • Wood Flooring
  • Zoned Heating
  • Post and Beam
  • No HOA
  • Property is near shops

About This Home

As of March 2023

Exceptionally Rare Income Opportunity! This 4 Unit Multi use property includes 2 spacious residential 2 bedroom units as well as a Large 2 story Retail Space in the front totaling over 2400 sg ft.
The back building is is a commercial warehouse with a newer loading dock which also includes a pick up truck loading bay. All 3 buildings are situated on 1.15 acres. All units are currently leased to long term tenants. Bonus Garage for additional storage. Highly Motivated Seller.

Last Agent to Sell the Property

Jennifer Sumrall

The Maine Real Estate Experience Listed on: 02/03/2023

Last Buyer's Agent

Bruce Holmes

Venture Real Estate & Asset Management

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,296

Year Built

  • Built in 1940

Lot Details

  • 1.15 Acre Lot
  • Property fronts a freeway
  • Level Lot
  • Open Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Gravel Driveway

Home Design

  • Post and Beam
  • Flat Roof Shape
  • Brick Foundation
  • Block Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Membrane Roofing
  • Wood Siding
  • Metal Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2 Full Bathrooms
  • 8,000 Sq Ft Home
  • Multi-Level Property
  • Fireplace Features Blower Fan

Flooring

  • Wood
  • Concrete

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Location

  • Property is near shops

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Bottled Gas Heating
  • Septic Tank
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number AUGU-000051-000009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $16,790
  • Gross Income $53,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,296

Year Built

Built in 1940

Lot Details

1.15 Acres

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 8000.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Structure Type: Post & Beam
  • Year Built: 1940
  • Contract Information:List PriceSqFt: 39.38
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Location:Location: Near Shopping, Near Turnpike/Interstate, Near Town
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry, Daylight, Finished, Full
  • Full Bathrooms: 2
  • Flooring: Concrete, Wood

Exterior Features

  • Lot Features: Near Turnpike/Interstate, Near Town, Level, Open Lot
  • Waterfront: No
  • Construction Type: Other, Wood Frame, Concrete, Metal Clad, Wood Siding
  • Foundation Details: Block, Poured Concrete, Brick/Mortar
  • Roof: Flat, Membrane, Rolled/Hot Mop, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Gravel, Paved, 21+ Spaces, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas Bottled, Multi-Fuel System, Oil, Baseboard, Blowers, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Tank
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 50094.0
  • Parcel #: AUGU-000051-000009
  • Zoning: Commercial

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 53200.0
  • Annual Operating Expense: 16790.0

Tax Info

  • Tax Annual Amount: 4296.0
  • Tax Lot: 000
  • Tax Year: 2022

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$315,000 None Available
Dmlace Llc -- --
Dunn Dawn L $50,000 --
Daley Lynn A -- --
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 -- $252,000
Closed Dm Lace Llc $130,000
Previous Owner -- $115,000
Previous Owner -- $124,800
Previous Owner Daley Lynn A $105,000
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
03/16/2023 03/16/23 Sold $315,000 0.0% $39 / Sq Ft
11/19/2022 11/19/22 Pending -- -- --
11/12/2022 11/12/22 For Sale $315,000 -- $39 / 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 $7,581 $310,700 $56,000 $254,700
2024 $7,314 $307,300 $56,000 $251,300
2023 $4,429 $192,900 $57,000 $135,900
2022 $4,296 $196,000 $56,400 $139,600
2021 $4,104 $196,000 $56,400 $139,600
2020 $4,104 $196,000 $56,400 $139,600
2019 $4,110 $196,000 $56,400 $139,600
2018 $4,110 $196,000 $56,400 $139,600
2017 $3,994 $196,000 $56,400 $139,600
2016 $3,879 $196,000 $56,400 $139,600
2015 $3,762 $193,900 $56,400 $137,500
2014 $3,620 $193,900 $56,400 $137,500
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1548093

Maine Listings
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