NOT LISTED FOR SALE

62 State St Augusta, ME 04330

-- Bed
10 Baths
5,360 Sq Ft
9,583 Sq Ft Lot

Last Sold November 17, 2023

Last sale price $625,000 $117 Per Sq Ft

5 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • No HOA
  • Colonial Architecture
  • 3 Fireplaces
  • Forced Air Zoned Heating System

About This Home

As of November 2023

Great investment opportunity, located in the heart of Augusta. Fully rented 10 units. Five of the tenants pay their own heat. Building has great rental history. Most units have been remodeled. Building manager in place (may be interested in staying). Several of the units have beautiful detailing including marble fireplace mantles, beautiful front entry way, granite steps plus great architectural detail. Coin op washers and dryers.

Last Agent to Sell the Property

Kim Gleason

McAllister Real Estate Listed on: 09/19/2023

Last Buyer's Agent

John Fitzsimons

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,458

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 10 Full Bathrooms
  • 5,360 Sq Ft Home
  • 3-Story Property
  • 3 Fireplaces

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Doghouse Basement Entry
  • Exterior Basement Entry
  • Dirt Floor

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking
  • Off-Street Parking

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Radiator
  • Heating System Uses Oil
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 163
  • Assessor Parcel Number AUGU-000034-000163

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Operating Expense $43,440
  • Gross Income $102,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,458

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: 62 State Street just beyond the Augusta Library.
  • Above Grade Finished Sq Ft: 5360.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 10.0
  • Property Information:SqFt Finished Above Grade: 5360.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: 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:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 10
  • Heat System:Multi-Zones: Yes
  • Heat System:Radiant: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 102540.0
  • Income Expenses Operating Expenses: 43440.0
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Style:Colonial: Yes
  • Location:Historic District: Yes
  • Basement:Dirt Floor: Yes
  • Building Info:_pound_ Fireplaces3: 3
  • Gas:Natural - At Street: Yes
  • Driveway:Gravel: Yes
  • Heat System:Radiator: Yes
  • Basement Entry:Exterior Only: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Dirt Floor, Walk-Out Access, Full, Partial, Doghouse, Exterior Only, Unfinished
  • Full Bathrooms: 10
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Historic District, Intown, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, Common, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Radiant, 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: 9583.2
  • Parcel #: AUGU-000034-000163
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 102540.0
  • Annual Operating Expense: 43440.0

Tax Info

  • Tax Annual Amount: 6458.0
  • Tax Book Number: 12734
  • Tax Lot: 163
  • Tax Map Number: 34
  • Tax Year: 2022

Range of Values:

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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 Prior Sale
11/17/2023 11/17/23 Sold $625,000 -7.4% $117 / Sq Ft
09/24/2023 09/24/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $675,000 +157.6% $126 / Sq Ft
09/28/2017 09/28/17 Sold $262,000 -17.8% $49 / Sq Ft View Prior Sale
08/03/2017 08/03/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $318,800 -- $59 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1561293

Maine Listings