NOT LISTED FOR SALE

224 State St Bangor, ME 04401

Tree Streets Neighborhood

Estimated Value: $779,488

-- Bed
7 Baths
7,900 Sq Ft
$99/Sq Ft Est. Value

Last Sold February 17, 2017

Last sale price $450,000 $57 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $5,195/month

613 Days on Market

Highlights

  • 0.41 Acre Lot
  • Wood Flooring
  • No HOA
  • William S. Cohen School Rated A-
  • Corner Lot
  • 5-minute walk to Chapin Park

About This Home

As of February 2017

Historic John F. Colby house circa 1870. 7 apartments and 2 commercial spaces. Ample parking. Located next to Miller Drug near EMMC. Great rental history. Impeccable care. Fully rented. Great for owner occupied, office use. Wood floor, period details. All replacement windows. Office spaces have cooling. Steam and hot water heating system. Great piece of Bangor history. App. 8000 sq ft including storage.

Last Agent to Sell the Property

Paul Cook

Realty of Maine Listed on: 07/27/2015

Realty of Maine

Last Buyer's Agent

Elizabeth Moskovitz

ERA Dawson-Bradford Co.

ERA Dawson-Bradford Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,707

Year Built

  • Built in 1870

Lot Details

  • 0.41 Acre Lot
  • Landscaped
  • Corner Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Wood Siding
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 7 Full Bathrooms
  • 7,900 Sq Ft Home
  • Multi-Level Property
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Tile

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • Central Air
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Steam
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 262

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Operating Expense $40,000
  • Gross Income $80,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,707

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.41
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Next to Miller Drug on State St.
  • Above Grade Finished Sq Ft: 7900.0
  • Architectural Style: Multi-Level
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.41
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 7900.0
  • Site:Corner Lot: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Electric2: Yes
  • Cooling:Central Air: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 7
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 80000.0
  • Income Expenses Operating Expenses: 40000.0
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Heat System:Steam: Yes
  • Roof:Slate: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Other, Interior Entry
  • Full Bathrooms: 7
  • Fireplace: No
  • Flooring: Wood, Tile, Other, Carpet
  • Interior Amenities: Other

Exterior Features

  • Lot Features: Corner Lot, Sidewalks, Landscaped, Intown, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Wood Siding, Clapboard, Wood Frame
  • Roof: Shingle, Slate

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Steam, Hot Water, Baseboard
  • 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: 17859.6
  • Parcel #: 999999
  • Zoning: R5

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 80000.0
  • Annual Operating Expense: 40000.0

Tax Info

  • Tax Annual Amount: 8707.0
  • Tax Book Number: 5299
  • Tax Lot: 262
  • Tax Map Number: 48
  • Tax Year: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2015
Closed on
Feb 21, 2017
Sold by
Fister Barbara I
Bought by
Jones Neil M and Jones Patricia L
Seller's Agent
Paul Cook
Realty of Maine
Buyer's Agent
Elizabeth Moskovitz
ERA Dawson-Bradford Co.
List Price
$625,000
Sold Price
$450,000
Premium/Discount to List
-$175,000
-28%
Current Estimated Value
$779,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,488
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
Jones Neil M -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2017 02/17/17 Sold $450,000 -28.0% $57 / Sq Ft
12/20/2016 12/20/16 Pending -- -- --
04/16/2015 04/16/15 For Sale $625,000 -- $79 / 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 $11,121 $599,500 $32,300 $567,200
2023 $10,561 $551,500 $32,300 $519,200
2022 $9,969 $488,700 $32,300 $456,400
2021 $9,937 $445,600 $30,000 $415,600
2020 $10,145 $437,300 $30,000 $407,300
2019 $9,959 $433,000 $30,000 $403,000
2018 $9,667 $421,200 $30,000 $391,200
2017 $9,487 $420,700 $30,000 $390,700
2016 $9,396 $417,600 $30,000 $387,600
2015 $8,923 $406,500 $30,000 $376,500
2014 $8,707 $399,400 $30,000 $369,400
2013 $8,563 $411,700 $30,000 $381,700
Source: Public Records

Agents Affiliated with this Home

  • Paul Cook

    Seller's Agent in 2017

    Paul Cook

    Realty of Maine

    (207) 942-8003

    30 Total Sales

    Section Image

  • E

    Buyer's Agent in 2017

    Elizabeth Moskovitz

    ERA Dawson-Bradford Co.

    (207) 951-5490

    2 in this area

    53 Total Sales

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Map

Source: Maine Listings

MLS Number: 1211194

Maine Listings

APN: BANG-000048-000000-000262

Maine Penobscot County Bangor 04401 Tree Streets

224 State St, Bangor, ME

This home is located at 224 State St, Bangor, ME 04401 since 27 July 2015 and is currently priced at $779,488, approximately $98 per square foot. This property was built in 1870. 224 State St is a home located in Penobscot County with nearby schools including Abraham Lincoln School, Mary Snow School, and William S. Cohen School.

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.

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