NOT LISTED FOR SALE
5 Beds
5 Baths
4,480 Sq Ft
4,792 Sq Ft Lot

Last Sold September 24, 2021

Last sale price $340,000 $76 Per Sq Ft

34 Days on Market

Highlights

  • River Front
  • Zoned Heating
  • Carpet
  • No HOA
  • Home fronts a stream
  • 2-minute walk to Mill Park

About This Home

As of September 2021

Low maintenance turn key investment with 4 residential apartments and first floor retail space. The building underwent extensive renovations in 2019 including heat & HW systems, structural repair, exterior paint/siding, all new appliances, insulation, windows, flooring, and more. All tenants pay their own heat and electric.

Last Agent to Sell the Property

Matt Boulerice

New England Realty Group LLC Listed on: 05/24/2021

Last Buyer's Agent

Leah Watkins

NextHome Experience

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,758

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Home fronts a stream
  • River Front

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Wood Frame Construction
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5 Full Bathrooms
  • 4,480 Sq Ft Home
  • Multi-Level Property
  • Water Views

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

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

Parking

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

Location

  • City Lot

Utilities

  • Air Conditioning
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 262
  • Assessor Parcel Number AUGU-000034-000262

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $14,556
  • Gross Income $48,804

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,758

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Water Body Name: Kennebec River
  • MLS Status: Closed
  • Directions: North on Water Street, Building is on the left before bridge.
  • Above Grade Finished Sq Ft: 4480.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 77.66
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 4480.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 5
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 48804.0
  • Income Expenses Operating Expenses: 14556.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking Other Parking: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Cooling:AC Units: Yes
  • Electric:Fuses: Yes
  • Roof:Flat: Yes
  • Advertising Remarks:Advertising Remarks: Low maintenance turn key investment with 4 residential apartments and first floor retail space. The building underwent extensive renovations in 2019 including heat & HW systems, structural repair, exterior paint/siding, all new appliances, insulation, windows, flooring, and more. All tenants pay their own heat and electric.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Full, Interior Entry, Unfinished
  • Full Bathrooms: 5
  • Flooring: Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown
  • Waterfront Features: River, Stream
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Flat

Garage/Parking

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

Utilities

  • Cooling: None, A/C Units
  • Cooling Y N: No
  • Heating: Other Heat System, Multi-Zones, Direct Vent Furnace
  • Heating Yn: Yes
  • Electric: Fuses, 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-000034-000262
  • Zoning: RC

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 48804.0
  • Annual Operating Expense: 14556.0

Tax Info

  • Tax Annual Amount: 2758.0
  • Tax Lot: 262
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Sep 17, 2021
Sold by
Twenty Eight Water St Llc
Bought by
Maine Repscher Prop Llc
Seller's Agent
Matt Boulerice
New England Realty Group LLC
Buyer's Agent
Leah Watkins
NextHome Experience
List Price
$379,000
Sold Price
$340,000
Premium/Discount to List
-$39,000
-10.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$226,135
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2018
Sold by
Kennebec Sb
Bought by
28 Water St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2018
Sold by
Gurney Ronald E
Bought by
Kennebec Sb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.44%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Maine Repscher Prop Llc -- None Available
Maine Repscher Prop Llc -- None Available
Maine Repscher Prop Llc -- None Available
28 Water St Llc -- --
28 Water St Llc -- --
28 Water St Llc -- --
Kennebec Sb -- --
Kennebec Sb -- --
Kennebec Sb -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maine Repscher Prop Llc $250,000
Closed Maine Repscher Prop Llc $250,000
Previous Owner 28 Water St Llc $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold $340,000 -10.3% $76 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $379,000 -- $85 / 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 $4,267 $179,300 $32,000 $147,300
2023 $4,117 $179,300 $32,000 $147,300
2022 $3,930 $179,300 $32,000 $147,300
2021 $2,758 $131,700 $32,000 $99,700
2020 $2,758 $131,700 $32,000 $99,700
2019 $2,114 $100,800 $32,000 $68,800
2018 $2,574 $100,800 $32,000 $68,800
2017 $3,035 $148,900 $32,000 $116,900
2016 $2,947 $148,900 $32,000 $116,900
2015 $2,889 $148,900 $32,000 $116,900
2014 $2,780 $148,900 $32,000 $116,900
Source: Public Records

Agents Affiliated with this Home

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Source: Maine Listings

MLS Number: 1492968

Maine Listings

APN: AUGU-000034-000262