Seller's Agent in 2016
Corey Dunn
EXP Realty
(207) 949-2425
96 Total Sales
113 Center St Bangor, ME 04401
Estimated Value: $382,000 - $527,000
--
Bed
8
Baths
5,000
Sq Ft
$94/Sq Ft
Est. Value
Highlights
- Additional Residence on Property
- Colonial Architecture
- Wood Flooring
- William S. Cohen School Rated A-
- Deck
- No HOA
About This Home
As of March 201660K cash flow with under-priced rents. 100K in recent improvements (new kitchens, bathrooms through out). See analysis report - Numbers work great even WITH the bank note! Investors take notice-this is a cash cow. Rents have not been raised since improvements were made! All current tenants have electric, heat, internet included in their rent! Great opportunity to increase cash-flow above already solid numbers! The Gross Rent Multiplier on this property is below 6!! Don't miss out on exploring this opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,129
Year Built
- Built in 1900
Lot Details
- 0.28 Acre Lot
- Level Lot
Home Design
- Colonial Architecture
- Brick Foundation
- Block Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Clap Board Siding
- Vinyl Siding
- Clapboard
Interior Spaces
- 8 Full Bathrooms
- 5,000 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Interior Basement Entry
Parking
- Common or Shared Parking
- Gravel Driveway
- Shared Driveway
- Off-Street Parking
Outdoor Features
- Deck
- Porch
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- High Speed Internet
- Internet Available
- Cable TV Available
Additional Features
- Additional Residence on Property
- City Lot
Listing and Financial Details
- Tax Lot 102-103
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- Operating Expense $26,155
- Gross Income $60,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2015
Closed on
Mar 14, 2016
Sold by
Covenant Properties Inc
Bought by
Voanne Property Corp
Seller's Agent
Corey Dunn
EXP Realty
Buyer's Agent
Kurtis Marsh
Realty of Maine
List Price
$335,000
Sold Price
$300,000
Premium/Discount to List
-$35,000
-10.45%
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
$168,121
Avg. Annual Appreciation
4.33%
Original Mortgage
$256,000
Outstanding Balance
$206,277
Interest Rate
3.79%
Mortgage Type
Commercial
Estimated Equity
$242,064
Purchase Details
Listed on
Jun 7, 2012
Closed on
Nov 29, 2012
Sold by
Cyr Richard E and Cyr Mary S
Bought by
Covenant Props Inc
Seller's Agent
Joseph Quinn
Quinn Agency
Buyer's Agent
Corey Dunn
Realty of Maine
List Price
$249,900
Sold Price
$227,000
Premium/Discount to List
-$22,900
-9.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%
Original Mortgage
$170,250
Interest Rate
3.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 21, 2011
Sold by
Madden Michael
Bought by
Cyr Richard E and Cyr Mary S
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Voanne Property Corp | -- | -- | |
| Covenant Props Inc | -- | -- | |
| Cyr Richard E | -- | -- | |
| Voanne Property Corp | -- | -- | |
| Covenant Props Inc | -- | -- | |
| Cyr Richard E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Voanne Property Corp | $256,000 | |
| Closed | Cyr Richard E | $256,000 | |
| Closed | Covenant Props Inc | $170,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2016 03/14/16 | Sold | $300,000 | -10.4% | $60 / Sq Ft |
| 11/16/2015 11/16/15 | Pending | -- | -- | -- |
| 04/09/2015 04/09/15 | For Sale | $335,000 | +47.6% | $67 / Sq Ft |
| 11/29/2012 11/29/12 | Sold | $227,000 | -9.2% | $45 / Sq Ft |
| 10/01/2012 10/01/12 | Pending | -- | -- | -- |
| 06/07/2012 06/07/12 | For Sale | $249,900 | -- | $50 / 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 | $5,109 | $275,400 | $15,100 | $260,300 |
| 2023 | $4,184 | $218,500 | $15,100 | $203,400 |
| 2022 | $3,862 | $189,300 | $15,100 | $174,200 |
| 2021 | $3,724 | $167,000 | $14,000 | $153,000 |
| 2020 | $3,458 | $156,200 | $13,400 | $142,800 |
| 2019 | $3,494 | $154,200 | $13,400 | $140,800 |
| 2018 | $3,452 | $150,400 | $13,400 | $137,000 |
| 2017 | $3,029 | $148,800 | $13,400 | $135,400 |
| 2016 | $2,897 | $147,400 | $13,400 | $134,000 |
| 2015 | $3,020 | $137,600 | $13,400 | $124,200 |
| 2014 | $2,873 | $131,800 | $13,400 | $118,400 |
| 2013 | $2,850 | $137,000 | $13,400 | $123,600 |
Source: Public Records
Agents Affiliated with this Home
-
Corey Dunn
-
Kurtis Marsh
Buyer's Agent in 2016
Kurtis Marsh
Realty of Maine
(207) 852-6233
240 Total Sales
-
Joseph Quinn
J
Seller's Agent in 2012
Joseph Quinn
Quinn Agency
(207) 942-4864
8 Total Sales
Map
Source: Maine Listings
MLS Number: 1210068
APN: BANG-000040-000000-000103
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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