Seller's Agent in 2024
Tara Roy
EXP Realty
(207) 991-8272
9 in this area
167 Total Sales
12 Wiley St Bangor, ME 04401
West Bangor NeighborhoodEstimated Value: $353,000 - $361,000
4
Beds
4
Baths
3,496
Sq Ft
$102/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Wood Flooring
- Bathtub
- Deck
- No HOA
- Cooling Available
About This Home
As of April 2024ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This building is enhanced with the recent installation of a metal roof. You and your tenants will appreciate the efficient natural gas heat; and two apartments also have heat pumps for supplemental heating and summer cooling. Tenants will love the location, ideally situated within walking distance to Pancoe Pool, Mansfield Stadium, and the local skate park, as well as easy access to both downtown Bangor and I-95. This property is fully occupied, and 2023 gross rental income was over $50k.
Last Buyer's Agent
Stephanie Henry
ERA Dawson-Bradford Co.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,140
Year Built
- Built in 1910
Lot Details
- 6,534 Sq Ft Lot
- Level Lot
- Open Lot
Home Design
- 3,496 Sq Ft Home
- Colonial Architecture
- New Englander Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Metal Roof
- Asbestos Siding
- Asbestos
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 4 Full Bathrooms
- Bathtub
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Deck
- Shed
Utilities
- Cooling Available
- Radiator
- Heating System Uses Natural Gas
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
Additional Features
- Laundry on main level
- City Lot
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number BANG-000021-000000-000007
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $13,476
- Gross Income $53,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2024
Closed on
Apr 29, 2024
Sold by
Hancock Holdings Llc
Bought by
Glidden Reannah
Seller's Agent
Tara Roy
EXP Realty
Buyer's Agent
Stephanie Henry
ERA Dawson-Bradford Co.
List Price
$335,000
Sold Price
$345,000
Premium/Discount to List
$10,000
2.99%
Views
13
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
$12,000
Avg. Annual Appreciation
1.81%
Original Mortgage
$372,430
Outstanding Balance
$364,992
Interest Rate
5.95%
Mortgage Type
FHA
Estimated Equity
-$7,992
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Glidden Reannah | $345,000 | None Available | |
| Glidden Reannah | $345,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Glidden Reannah | $372,430 | |
| Closed | Glidden Reannah | $372,430 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2024 04/29/24 | Sold | $345,000 | +3.0% | $99 / Sq Ft |
| 02/15/2024 02/15/24 | Pending | -- | -- | -- |
| 02/10/2024 02/10/24 | For Sale | $335,000 | -- | $96 / Sq Ft |
Source: Maine Listings
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 | $4,413 | $237,900 | $16,500 | $221,400 |
| 2023 | $4,140 | $216,200 | $16,500 | $199,700 |
| 2022 | $3,733 | $183,000 | $16,500 | $166,500 |
| 2021 | $3,720 | $166,800 | $15,300 | $151,500 |
| 2020 | $3,596 | $155,000 | $14,900 | $140,100 |
| 2019 | $3,404 | $148,000 | $14,900 | $133,100 |
| 2018 | $3,227 | $140,600 | $14,900 | $125,700 |
| 2017 | $3,121 | $138,400 | $14,900 | $123,500 |
| 2016 | $3,044 | $135,300 | $14,900 | $120,400 |
| 2015 | $2,970 | $135,300 | $14,900 | $120,400 |
| 2014 | $2,912 | $133,600 | $14,900 | $118,700 |
| 2013 | $2,779 | $133,600 | $14,900 | $118,700 |
Source: Public Records
Agents Affiliated with this Home
-
Tara Roy
-
S
Buyer's Agent in 2024
Stephanie Henry
ERA Dawson-Bradford Co.
Map
Source: Maine Listings
MLS Number: 1581900
APN: BANG-000021-000000-000007
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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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