James Spear
True North Realty, Inc.
(207) 560-0623
177 Total Sales
5 in Central Bangor
$142K - $346K Price Range
128 Hammond St Bangor, ME 04401
Central Bangor NeighborhoodEstimated Value: $1,008,000 - $1,534,816
Studio
--
Bath
6,528
Sq Ft
$205/Sq Ft
Est. Value
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 2024100% 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.
Co-Listed By
Blake Wright
Colliers International
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 17, 2024
Closed on
May 14, 2024
Sold by
Bought by
Seller's Agent
Michael Cobb
Colliers International
Buyer's Agent
Elly Chapman
NextHome Experience
List Price
$1,574,999
Sold Price
$1,580,000
Premium/Discount to List
$5,001
0.32%
Views
8
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
-$239,395
Avg. Annual Appreciation
-7.13%
Original Mortgage
$1,418,222
Outstanding Balance
$1,385,966
Interest Rate
6.82%
Mortgage Type
Commercial
Estimated Equity
-$45,361
Purchase Details
Closed on
Feb 25, 2021
Sold by
Bought by
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
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 18, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,500
Interest Rate
3.42%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Bangor, ME
-
James Spear
-
Jason Edwards
Jason Edwards
EXP Realty
(207) 275-6861
106 Total Sales
7 in Central Bangor
$162K - $395K Price Range
-
Kurtis Marsh
Kurtis Marsh
Realty of Maine
(207) 945-8166
221 Total Sales
18 in Central Bangor
$76K - $560K Price Range
-
Kyle Mcgeechan
Kyle Mcgeechan
Responds QuicklyTwo Rivers Realty, LLC
(888) 405-2452
115 Total Sales
1 in Central Bangor
$115,000 Price
-
Julie Cromwell
Julie Cromwell
Cromwell Coastal Properties
(207) 386-8514
119 Total Sales
1 in Central Bangor
$190,000 Price
-
Dolly Perkins
Dolly Perkins
Realty of Maine
(207) 600-2814
398 Total Sales
1 in Central Bangor
$275,000 Price
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 |
|---|---|---|---|
| $1,580,000 | None Available | ||
| -- | 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 | $1,418,222 | ||
| Previous Owner | $532,000 | ||
| Previous Owner | $592,500 | ||
| Previous Owner | $55,000 | ||
| Closed | $400,000 | ||
| Previous Owner | -- |
Source: Public Records
Property 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 | 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
-
Michael Cobb
Seller's Agent in 2024
Michael Cobb
Colliers International
(603) 623-0100
1 in this area
5 Total Sales
-
B
Seller Co-Listing Agent in 2024
Blake Wright
Colliers International
-
Elly Chapman
E
Buyer's Agent in 2024
Elly Chapman
NextHome Experience
(207) 409-2680
7 in this area
35 Total Sales
Map
Source: Maine Listings
MLS Number: 1580571
APN: BANG-000042-000000-000087
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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