NOT LISTED FOR SALE

Estimated Value: $296,000 - $381,000

6 Beds
2 Baths
2,443 Sq Ft
$137/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $324,000 $133 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,136/month

1 Day on Market

Highlights

  • Nearby Water Access
  • Property is near golf course and public transit
  • Attic
  • Colonial Architecture
  • Main Floor Bedroom
  • 4-minute walk to Second Street Park

About This Home

As of July 2024

BANGOR - Revitalized 2-Unit Apartment Home in a Great Location! Superb opportunity to be the next owner of this well-maintained Apartment Home featuring numerous upgrades including new kitchens, appliances, windows, blown-in insulation, flooring, paint, roof, plumbing, lighting, electrical, TC Hafford Basement Waterproofing System and More! These beautiful apartments boast a well-laid out floorplan, featuring 3 bedrooms, 1 full bathroom, newly updated kitchens and bathrooms, ample closet space, individual laundry, and off-street parking. Apartment 1 spotlights a separate dining room, while Apartment 2 enjoys an eat-in kitchen. Professionally managed with a healthy rental history, and waitlist, however both units will be vacated and ready for the new owner. Conveniently located within minutes to all area amenities including downtown, schools, parks, Bangor International Airport, hospitals, waterfront, and shopping. Schedule your showing today!

Last Agent to Sell the Property

Corenna Quirk

NextHome Experience Listed on: 06/12/2024

NextHome Experience

Last Buyer's Agent

Michael Ellis

Realty of Maine

Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,391

Year Built

  • Built in 1820

Lot Details

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

Home Design

  • Colonial Architecture
  • New Englander Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2,443 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • Laundry on main level
  • Attic

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Programmable Thermostat
  • Electric Water Heater
  • Internet Available

Additional Features

  • Smart Grid Meter
  • Property is near golf course and public transit

Listing and Financial Details

  • Tax Lot 107
  • Assessor Parcel Number BANG-000034-000000-000107

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $11,213
  • Gross Income $38,535

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,391

Year Built

Built in 1820

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly. Look for Sign.
  • Above Grade Finished Sq Ft: 2443.0
  • Architectural Style: Colonial, New Englander
  • Garage Yn: No
  • Efficiency: Smart Electric Meter, Programmable Thermostat, Insulated Foundation, Ceiling Fans
  • Building Stories: 2
  • Year Built: 1820
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 128.9
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2443.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: 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
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 38535.0
  • Income Expenses Operating Expenses: 11213.0
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Equipment:Internet Access Available: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Heat System:Radiator: Yes
  • Energy Efficiency:Smart Electric Meter: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Energy Efficiency:Programmable Thermostat: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: BANGOR - Revitalized 2-Unit Apartment Home in a Great Location! Superb opportunity to be the next owner of this well-maintained Apartment Home featuring numerous upgrades including new kitchens, appliances, windows, blown-in insulation, flooring, paint, roof, plumbing, lighting, electrical, TC Hafford Basement Waterproofing System and More! These beautiful apartments boast a well-laid out floorplan, featuring 3 bedrooms, 1 full bathroom, newly updated kitchens and bathrooms, ample closet space, individual laundry, and off-street parking. Apartment 1 spotlights a separate dining room, while Apartment 2 enjoys an eat-in kitchen. Professionally managed with a healthy rental history, and waitlist, however both units will be vacated and ready for the new owner. Conveniently located within minutes to all area amenities including downtown, schools, parks, Bangor International Airport, hospitals, waterfront, and shopping. Schedule your showing today!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, Shower, Walk-In Closet(s)
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Bangor Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.2
  • Parcel #: BANG-000034-000000-000107
  • Zoning: Urban Resi District

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 38535.0
  • Annual Operating Expense: 11213.0

Tax Info

  • Tax Annual Amount: 4391.0
  • Tax Lot: 107
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Jul 19, 2024
Sold by
Main Rental One Llc
Bought by
Nshimiyimana Karangwa E
Seller's Agent
Corenna Quirk
NextHome Experience
Buyer's Agent
Michael Ellis
Realty of Maine
List Price
$314,900
Sold Price
$324,000
Premium/Discount to List
$9,100
2.89%
Views
3
Current Estimated Value
$333,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,701
Avg. Annual Appreciation
2.00%
Original Mortgage
$313,186
Outstanding Balance
$309,172
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$24,529
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
Nshimiyimana Karangwa E $324,000 None Available
Nshimiyimana Karangwa E $324,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nshimiyimana Karangwa E $313,186
Closed Nshimiyimana Karangwa E $313,186
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2024 07/19/24 Sold $324,000 +2.9% $133 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $314,900 +162.4% $129 / Sq Ft
12/30/2020 12/30/20 Sold $120,000 -22.6% $51 / Sq Ft View Prior Sale
12/03/2020 12/03/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $155,000 -- $66 / 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 $4,686 $252,600 $19,800 $232,800
2023 $4,391 $229,300 $19,800 $209,500
2022 $3,947 $193,500 $19,800 $173,700
2021 $3,762 $168,700 $18,300 $150,400
2020 $3,475 $149,800 $18,300 $131,500
2019 $3,310 $143,900 $18,300 $125,600
2018 $3,045 $132,700 $18,300 $114,400
2017 $2,906 $130,400 $18,300 $112,100
2016 $2,871 $127,600 $18,300 $109,300
2015 $2,801 $127,600 $18,300 $109,300
2014 $2,708 $124,200 $18,300 $105,900
2013 $2,583 $124,200 $18,300 $105,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1592984

Maine Listings

APN: BANG-000034-000000-000107