NOT LISTED FOR SALE

56 Franklin St Augusta, ME 04330

Estimated Value: $261,358 - $388,000

5 Beds
3 Baths
3,045 Sq Ft
$112/Sq Ft Est. Value

Last Sold March 10, 2020

Last sale price $133,000 $44 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $2,126/month

3 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Baseboard Heating
  • No HOA
  • Zoned Heating
  • 3-minute walk to Calumet Playground

About This Home

As of March 2020

This charming three unit has been in the same family for decades and is ready for new ownership. Large units offer great income potential here. Metal roof, two car garage, very well maintained enclosed porches make upkeep in the winter simple. There are three units total. (2) two bedroom units and (1) three bedroom unit. The three bedroom was most recently owner occupied and is in need of some updating. The third floor unit is currently occupied and in outstanding condition. The first floor two bedroom unit is ready for immediate occupancy with new flooring and a bathroom update. Don't miss this tremendous opportunity for a cash flow positive investment property or live in it and cover your expenses with the other two apartments.

Last Agent to Sell the Property

Matthew Pouliot

RE/MAX Riverside Listed on: 01/14/2020

Last Buyer's Agent

Rylee Knox

EXP Realty

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,218

Year Built

  • Built in 1881

Lot Details

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

Parking

  • 2 Car Detached Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,045 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 160
  • Assessor Parcel Number AUGU-000035-000160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,218

Year Built

Built in 1881

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: 56 Franklin Street - Augusta. GPS Friendly.
  • Above Grade Finished Sq Ft: 3045.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1881
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3045.0
  • Property Information:Garage: Yes
  • 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:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Foundation Materials:Granite2: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Garage Door Opener, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, 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 #: AUGU-000035-000160
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3218.0
  • Tax Book Number: 1946
  • Tax Lot: 160
  • Tax Map Number: 35
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2020
Closed on
Mar 10, 2020
Sold by
Dostie Marie A
Bought by
Safe Place To Land Llc
Seller's Agent
Matthew Pouliot
RE/MAX Riverside
Buyer's Agent
Rylee Knox
EXP Realty
List Price
$119,900
Sold Price
$133,000
Premium/Discount to List
$13,100
10.93%
Current Estimated Value
$341,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,840
Avg. Annual Appreciation
18.45%
Original Mortgage
$127,000
Interest Rate
3.6%
Mortgage Type
New Conventional
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
Safe Place To Land Llc -- None Available
Safe Place To Land Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Safe Place To Land Llc $136,500
Closed Safe Place To Land Llc $127,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2020 03/10/20 Sold $133,000 +10.9% $44 / Sq Ft
01/18/2020 01/18/20 Pending -- -- --
01/14/2020 01/14/20 For Sale $119,900 -- $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 $3,653 $153,500 $22,000 $131,500
2023 $3,524 $153,500 $22,000 $131,500
2022 $3,365 $153,500 $22,000 $131,500
2021 $3,214 $153,500 $22,000 $131,500
2020 $3,214 $153,500 $22,000 $131,500
2019 $2,674 $153,500 $22,000 $131,500
2018 $2,636 $153,500 $22,000 $131,500
2017 $3,128 $153,500 $22,000 $131,500
2016 $2,622 $153,500 $22,000 $131,500
2015 $2,668 $153,500 $22,000 $131,500
2014 $2,866 $153,500 $22,000 $131,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1442376

Maine Listings

APN: AUGU-000035-000160