Seller's Agent in 2021
Tammy Nelson
Better Homes & Gardens Real Estate/The Masiello Group
(207) 478-9656
5 in this area
97 Total Sales
100 3rd St Bangor, ME 04401
West Bangor Neighborhood
--
Bed
2
Baths
2,129
Sq Ft
6,098
Sq Ft Lot
Highlights
- Colonial Architecture
- Wood Flooring
- Attic
- Deck
- Main Floor Bedroom
- 4-minute walk to Second Street Park
About This Home
As of August 2021THE OUTCOME IS THE INCOME! Located close to downtown, this 2 unit has a positive cash flow yielding you a cap rate of over 10. First and second floor units feature 2 bedrooms apiece, each have their own laundry hook up and there is plenty of off street parking. Owner just installed in 2018 a new Biasi boiler for heat and hot water. Tenants pay for electricity while landlord pays for oil heat. Vinyl siding and thermopane windows are already in place. Both units have leases through April, 2020. Tenants like the off street parking and the Bangor City Bus goes by the house when a car is not available. With this cash flow, you will have the mortgage paid off early. YOUR DOLLARS MAKE $ENSE when invested in this two unit.
Last Agent to Sell the Property
Phil Cormier
Keller Williams Realty Brokerage Phone: 207-745-7070 Listed on: 08/09/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,985
Year Built
- Built in 1900
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
Home Design
- Colonial Architecture
- Brick Foundation
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,129 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Laundry on main level
- Attic
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
Parking
- Gravel Driveway
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Deck
- Porch
Location
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Water Heater
- Internet Available
- Satellite Dish
- Cable TV Available
Listing and Financial Details
- Tax Lot 213
- Assessor Parcel Number BANG-000034-000000-000213
Community Details
Overview
- No Home Owners Association
- 2 Units
Pet Policy
- Limit on the number of pets
Building Details
- Gross Income $22,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2021
Closed on
Aug 6, 2021
Sold by
Phoenixmeproperties Llc
Bought by
Wolslegel Janet and Wolslegel Nathan
Seller's Agent
Tammy Nelson
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Nancy Roe
ERA Dawson-Bradford Co.
List Price
$159,900
Sold Price
$132,000
Premium/Discount to List
-$27,900
-17.45%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,688
Avg. Annual Appreciation
15.73%
Original Mortgage
$99,000
Outstanding Balance
$91,109
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$145,014
Purchase Details
Listed on
Aug 9, 2019
Closed on
Dec 13, 2019
Sold by
H & H Properties Corp
Bought by
Phoenixme Properties Llc
Seller's Agent
Phil Cormier
Keller Williams Realty
Buyer's Agent
Tammy Nelson
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$129,222
Sold Price
$115,000
Premium/Discount to List
-$14,222
-11.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Original Mortgage
$92,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 15, 2008
Sold by
Allen Andrew P and Allen Beth A
Bought by
Holter Andrew K and Henderson Jon C P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,250
Interest Rate
6.21%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 21, 2007
Sold by
Holter Andrew K and Henderson Jon C P
Bought by
H & H Props Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,250
Interest Rate
6.21%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $99,000 | Purchase Money Mortgage | |
| Previous Owner | $92,000 | New Conventional | |
| Previous Owner | $119,250 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2021 08/04/21 | Sold | $132,000 | -17.4% | $62 / Sq Ft |
| 06/04/2021 06/04/21 | Pending | -- | -- | -- |
| 05/13/2021 05/13/21 | For Sale | $159,900 | +39.0% | $75 / Sq Ft |
| 12/13/2019 12/13/19 | Sold | $115,000 | -11.0% | $54 / Sq Ft |
| 11/15/2019 11/15/19 | Pending | -- | -- | -- |
| 08/09/2019 08/09/19 | For Sale | $129,222 | -- | $61 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $2,742 | $147,800 | $12,900 | $134,900 |
| 2023 | $2,581 | $134,800 | $12,900 | $121,900 |
| 2022 | $2,334 | $114,400 | $12,900 | $101,500 |
| 2021 | $2,217 | $99,400 | $11,900 | $87,500 |
| 2020 | $2,081 | $89,700 | $11,300 | $78,400 |
| 2019 | $1,985 | $86,300 | $11,300 | $75,000 |
| 2018 | $1,788 | $77,900 | $11,100 | $66,800 |
| 2017 | $1,972 | $88,500 | $12,000 | $76,500 |
| 2016 | $1,949 | $86,600 | $12,000 | $74,600 |
| 2015 | $1,901 | $86,600 | $12,000 | $74,600 |
| 2014 | $1,860 | $85,300 | $12,000 | $73,300 |
| 2013 | $1,870 | $89,900 | $12,700 | $77,200 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2021
Nancy Roe
ERA Dawson-Bradford Co.
(207) 659-2174
10 in this area
133 Total Sales
-
P
Seller's Agent in 2019
Phil Cormier
Keller Williams Realty
Map
Source: Maine Listings
MLS Number: 1428688
APN: BANG-000034-000000-000213
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