NOT LISTED FOR SALE

Estimated Value: $317,000 - $498,000

-- Bed
5 Baths
3,372 Sq Ft
$113/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $290,000 $86 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,393/month

53 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Coin Laundry
  • Property is near public transit
  • Baseboard Heating
  • 3-minute walk to Coe Park

About This Home

As of February 2021

Attention real estate investors! This BANGOR 5 unit money maker is ready for a new owner. This building has one 2 bedroom unit, three 1 bedroom units and an efficiency unit. Great rental history, ample parking and convenient location.
Natural gas is ready for future conversion. Income and expense information available upon request.

Last Agent to Sell the Property

Tara Roy

EXP Realty Listed on: 11/06/2020

EXP Realty

Last Buyer's Agent

Joe Simpson

Realty of Maine

Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,873

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5 Full Bathrooms
  • 3-Story Property
  • Laundry on main level

Flooring

  • Carpet
  • Laminate
  • Vinyl

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 46
  • Assessor Parcel Number BANG-000041-000000-000046

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $12,925
  • Gross Income $45,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,873

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2722.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 2722.0
  • Property Information:SqFt Finished Below Grade: 650.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 45880.0
  • Income Expenses Operating Expenses: 12925.0
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Utility Info Electric On Site: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Finished, Full
  • Full Bathrooms: 5
  • Below Grade Sq Ft: 650.0
  • Flooring: Vinyl, Laminate, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping, Near Turnpike/Interstate, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: On Site, 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: 6534.0
  • Parcel #: BANG-000041-000000-000046
  • Zoning: Multi Family

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 45880.0
  • Annual Operating Expense: 12925.0

Tax Info

  • Tax Annual Amount: 3873.0
  • Tax Book Number: 13737
  • Tax Lot: 46
  • Tax Map Number: 41
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Feb 26, 2021
Sold by
Hancock Holdings Llc
Bought by
Martinez Yhwhyowceph
Seller's Agent
Tara Roy
EXP Realty
Buyer's Agent
Joe Simpson
Realty of Maine
List Price
$319,900
Sold Price
$290,000
Premium/Discount to List
-$29,900
-9.35%
Current Estimated Value
$381,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,600
Avg. Annual Appreciation
6.14%
Original Mortgage
$232,000
Outstanding Balance
$207,972
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$173,628

Purchase Details

Listed on
Oct 28, 2014
Closed on
Dec 31, 2014
Sold by
Booker James J
Bought by
Hancock James A and Hancock Laurie S
Seller's Agent
Kimberly Brountas
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
James Hancock
Coldwell Banker American Heritage
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%
Original Mortgage
$132,000
Interest Rate
3.99%
Mortgage Type
Commercial
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
Martinez Yhwhyowceph -- Liberty Title
Martinez Yhwhyowceph -- Liberty Title
Martinez Yhwhyowceph -- Liberty Title
Hancock James A -- --
Hancock James A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Yhwhyowceph $232,000
Closed Martinez Yhwhyowceph $232,000
Previous Owner Hancock James A $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2021 02/26/21 Sold $290,000 -9.3% $86 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $319,900 +93.9% $95 / Sq Ft
12/31/2014 12/31/14 Sold $165,000 -5.7% $49 / Sq Ft View Prior Sale
11/20/2014 11/20/14 Pending -- -- --
10/28/2014 10/28/14 For Sale $175,000 -- $52 / 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 $4,326 $233,200 $16,900 $216,300
2023 $4,110 $214,600 $16,900 $197,700
2022 $3,876 $190,000 $16,900 $173,100
2021 $3,867 $173,400 $15,700 $157,700
2020 $3,951 $170,300 $15,700 $154,600
2019 $3,873 $168,400 $15,700 $152,700
2018 $3,764 $164,000 $15,700 $148,300
2017 $3,328 $148,400 $9,700 $138,700
2016 $3,310 $147,100 $9,700 $137,400
2015 $3,148 $143,400 $9,700 $133,700
2014 $3,074 $141,000 $9,700 $131,300
2013 $3,053 $146,800 $9,700 $137,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1475352

Maine Listings

APN: BANG-000041-000000-000046