NOT LISTED FOR SALE

Estimated Value: $287,000 - $530,061

8 Beds
1.5 Baths
4,300 Sq Ft
$92/Sq Ft Est. Value

Last Sold October 07, 2021

Last sale price $135,000 $31 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $2,505/month

4 Days on Market

Highlights

  • Country Club
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Corner Lot
  • 2-minute walk to Second Street Park

About This Home

As of October 2021

Are you looking for a fantastic investment opportunity just walking distance to Downtown Bangor? Look no further! This duplex features a charming upstairs unit fully renovated and rented till March 2022. The upstairs includes 3 spacious bedrooms, beautifully refinished hardwood floors, 12 ft ceiling, 2 newer heat pumps, large living room and much more! The downstairs unit is where you can truly start with a fresh slate. Some projects started including framing, sheetrock, insulation and electrical, but requires more work to bring it back to life. Very equitable property and priced to sell!

Last Agent to Sell the Property

Florentina Davis

NextHome Experience Listed on: 08/27/2021

NextHome Experience

Last Buyer's Agent

Augustine Ofili

ERA Dawson-Bradford Co.

ERA Dawson-Bradford Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,322

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • 4,300 Sq Ft Home
  • New Englander Architecture
  • Flat Roof Shape
  • Wood Frame Construction
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

Unfinished Basement

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

Location

  • Property is near a golf course
  • City Lot

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 217
  • Assessor Parcel Number 126ThirdStBangor04401

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $5,400
  • Gross Income $10,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,322

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Buck St heading towards Main St, turn L onto Third St. Property is on the Right, sign is up. Parking is on side of building on Warren St
  • Above Grade Finished Sq Ft: 4300.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 4300.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Cooling:Heat Pump3: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 10200.0
  • Income Expenses Operating Expenses: 5400.0
  • Basement:Dirt Floor: Yes
  • Driveway:Gravel: Yes
  • Location:Near Country Club: Yes
  • Style:New Englander: Yes
  • Roof:Flat: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Full, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Flooring: Wood, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Flat

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: 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: 6098.4
  • Parcel #: 126ThirdStBangor04401
  • Zoning: URD-2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 10200.0
  • Annual Operating Expense: 5400.0

Tax Info

  • Tax Annual Amount: 2322.0
  • Tax Book Number: 14728
  • Tax Lot: 217
  • Tax Map Number: 34
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Oct 7, 2021
Sold by
Doyon John
Bought by
R & N Luxury Hldg Llc
Seller's Agent
Florentina Davis
NextHome Experience
Buyer's Agent
Augustine Ofili
ERA Dawson-Bradford Co.
List Price
$129,900
Sold Price
$135,000
Premium/Discount to List
$5,100
3.93%
Total Days on Market
4
Current Estimated Value
$393,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,765
Avg. Annual Appreciation
33.76%
Original Mortgage
$195,000
Outstanding Balance
$179,740
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$214,025

Purchase Details

Closed on
Jan 26, 2018
Sold by
New Hope Evang Free Chrch
Bought by
Doyon John
Source: Public Records

Range of Values:

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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
R & N Luxury Hldg Llc -- None Available
Doyon John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open R & N Luxury Hldg Llc $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2021 10/07/21 Sold $135,000 +3.9% $31 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $129,900 -- $30 / 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 $4,975 $268,200 $12,200 $256,000
2023 $5,498 $287,100 $12,200 $274,900
2022 $3,564 $174,700 $12,200 $162,500
2021 $2,915 $130,700 $11,300 $119,400
2020 $2,322 $100,100 $10,800 $89,300
2019 $2,279 $99,100 $10,800 $88,300
2018 $0 $94,700 $17,800 $76,900
2017 $0 $154,000 $16,300 $137,700
2016 $0 $157,800 $16,300 $141,500
2015 $3,402 $155,000 $16,300 $138,700
2014 -- $152,200 $16,300 $135,900
2013 -- $150,400 $15,700 $134,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1506907

Maine Listings

APN: BANG-000034-000000-000217