NOT LISTED FOR SALE

Estimated Value: $283,000 - $916,000

4 Beds
3 Baths
11,992 Sq Ft
$45/Sq Ft Est. Value

Last Sold January 23, 2016

Last sale price $340,000 $28 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,174/month

98 Days on Market

Highlights

  • Federal Architecture
  • No HOA
  • Hot Water Heating System
  • Corner Lot
  • Zoned Heating
  • Carpet

About This Home

As of January 2016

ESTATE SALE Well managed 15 apts. & 2 comm space property. Appears to be in great shape except for minor cosmetics. Great cash flow. Good opportunity to own downtown Bgr income property. Some parking on premises. Potential 25% R.O.I. or more! 14 Unit building has new Nat gas furnaces installed in Nov 2011 as well as new HW heaters. 3 unit building has an oil fired furnace & new Nat Gas water heater . (New Hot water heaters 2011. 200 has slate roof, 202 has flat rubber roof. Info must be verified by buyer

Last Agent to Sell the Property

David Giroux

Pro Realty Listed on: 10/14/2015

Last Buyer's Agent

David Giroux

Pro Realty Listed on: 10/14/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,732

Year Built

  • Built in 1920

Lot Details

  • 0.29 Acre Lot
  • Corner Lot

Home Design

  • Federal Architecture
  • Wood Frame Construction
  • Pitched Roof
  • Vinyl Siding

Interior Spaces

  • 11,992 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry

Parking

  • Gravel Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 186
  • Assessor Parcel Number 202UnionstreetBangor04401

Community Details

Overview

  • No Home Owners Association
  • 15 Units

Building Details

  • Operating Expense $66,000
  • Gross Income $116,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,732

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Corner of Union and Third Street.
  • Above Grade Finished Sq Ft: 11992.0
  • Architectural Style: Federal
  • Building Stories: 3
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.29
  • Property Information:SqFt Finished Above Grade: 11992.0
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: 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
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Gas Natural: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 15
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 116392.0
  • Income Expenses Operating Expenses: 66000.0
  • Roof:Pitched: Yes
  • Driveway:Gravel: Yes
  • Style:Federal: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Doghouse
  • Flooring: Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Pitched

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12632.4
  • Parcel #: 202UnionstreetBangor04401
  • Zoning: URD2

Multi Family

  • Number Of Units Total: 15
  • Annual Gross Income: 116392.0
  • Annual Operating Expense: 66000.0

Tax Info

  • Tax Annual Amount: 7732.0
  • Tax Book Number: 11079
  • Tax Lot: 186
  • Tax Map Number: 34
  • Tax Year: 2015

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Dresser Properties Llc $419,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2016 01/23/16 Sold $340,000 -20.0% $28 / Sq Ft
01/21/2016 01/21/16 Pending -- -- --
10/14/2015 10/14/15 For Sale $425,000 -- $35 / 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 $3,142 $169,400 $13,200 $156,200
2023 $2,976 $155,400 $13,200 $142,200
2022 $2,725 $133,600 $13,200 $120,400
2021 $2,730 $122,400 $12,200 $110,200
2020 $2,575 $111,000 $11,600 $99,400
2019 $2,445 $106,300 $11,600 $94,700
2018 $2,261 $98,500 $11,300 $87,200
2017 $2,063 $91,500 $10,400 $81,100
2016 $2,077 $92,300 $10,400 $81,900
2015 $2,026 $92,300 $10,400 $81,900
2014 $2,021 $92,700 $10,400 $82,300
2013 $1,841 $88,500 $10,000 $78,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1241044

Maine Listings

APN: BANG-000034-000000-000199