NOT LISTED FOR SALE

Estimated Value: $1,023,000 - $1,596,189

Studio
-- Bath
6,528 Sq Ft
$210/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2024

Last sale price $1,580,000 $242 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $9,032 / mo

18 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Coin Laundry
  • No HOA
  • Forced Air Heating System
  • 3-minute walk to Norumbega Parkway

About This Home

As of May 2024

100% occupied, 4-story, mixed-use investment opportunity available for sale in downtown Bangor, ME. 6,528± SF building is comprised of restaurant space on the 1st floor and 12 residential apartments. Multiple income streams with commercial and residential tenants. Located directly on Hammond Street/Route 2 with 12 on-site spaces and on-street parking. Within walking distance to downtown amenities such as concert venues, art galleries, boutiques, restaurants, and just 5 minutes from I-95 and I-395. Financials are available upon a signed confidentiality agreement.

Last Agent to Sell the Property

Michael Cobb

Colliers International Listed on: 01/17/2024

Co-Listed By

Blake Wright

Colliers International

Last Buyer's Agent

Elly Chapman

NextHome Experience

NextHome Experience

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,967

Year Built

  • Built in 1880

Lot Details

  • 6,534 Sq Ft Lot
  • Property fronts a freeway
  • Lot Has A Rolling Slope

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Slate Roof

Interior Spaces

  • 6,528 Sq Ft Home
  • Multi-Level Property
  • Wood Flooring

Basement

  • Walk-Out Basement
  • Partial Basement
  • Interior and Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 087
  • Assessor Parcel Number BANG-000042-000000-000087

Community Details

Pet Policy

  • Pets Allowed with Restrictions

Additional Features

  • No Home Owners Association
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,967

Year Built

Built in 1880

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • Co List Office Phone: 207-560-8000
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 6528.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 241.27
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:SqFt Finished Above Grade: 6528.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Floors:Wood3: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Heat System:Heat Pump: Yes
  • Basement:Partial: Yes
  • Style:Multi-Level: Yes
  • Site:RollingSloping: Yes
  • Exterior:Brick: Yes
  • Basement Entry:Exterior Only: Yes
  • Roof:Slate: Yes
  • Amenities:Laundry - Coin: Yes
  • Restrictions:Pet: Yes
  • Advertising Remarks:Advertising Remarks: 100% occupied, 4-story, mixed-use investment opportunity available for sale in downtown Bangor, ME. 6,528± SF building is comprised of restaurant space on the 1st floor and 12 residential apartments. Multiple income streams with commercial and residential tenants. Located directly on Hammond Street/Route 2 with 12 on-site spaces and on-street parking. Within walking distance to downtown amenities such as concert venues, art galleries, boutiques, restaurants, and just 5 minutes from I-95 and I-395. Financials are available upon a signed confidentiality agreement.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Interior Entry, Walk-Out Access, Exterior Only
  • Flooring: Wood

Exterior Features

  • Lot Features: Rolling Slope, Sidewalks, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Brick, Other
  • Roof: Shingle, Slate

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Heat Pump, Forced Air
  • Heating Yn: Yes
  • Electric: Other Electric
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: BANG-000042-000000-000087
  • Zoning: DDD

Tax Info

  • Tax Annual Amount: 17967.0
  • Tax Lot: 087
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2021
Sold by
Brexit Llc
Bought by
Nms Hammond Llc
Current Estimated Value
$1,373,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Outstanding Balance
$469,256
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$904,140
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Nms Hammond Llc -- None Available
Nms Hammond Llc -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Nms Hammond Llc $532,000
Closed Nms Hammond Llc $532,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2024 05/14/24 Sold $1,580,000 +0.3% $242 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $1,574,999 -- $241 / 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
2025 $19,183 $1,041,400 $61,300 $980,100
2024 $19,661 $1,024,000 $61,300 $962,700
2023 $17,967 $938,200 $61,300 $876,900
2022 $18,121 $888,300 $61,300 $827,000
2021 $18,195 $815,900 $56,800 $759,100
2020 $18,534 $798,900 $56,800 $742,100
2019 $18,007 $782,900 $56,800 $726,100
2018 $17,534 $764,000 $56,800 $707,200
2017 $16,863 $760,700 $56,800 $703,900
2016 $16,571 $736,500 $56,800 $679,700
2015 -- $724,200 $56,800 $667,400
2014 -- $609,700 $56,800 $552,900
2013 -- $590,400 $56,800 $533,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1580571

Maine Listings

APN: BANG-000042-000000-000087

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