NOT LISTED FOR SALE

Estimated Value: $287,000 - $424,000

6 Beds
3.5 Baths
2,100 Sq Ft
$172/Sq Ft Est. Value

Last Sold January 22, 2024

Last sale price $342,000 $163 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,420/month

91 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Shed
  • Fruit Street School Rated 9+
  • Porch
  • Zoned Heating

About This Home

As of January 2024

Nestled in a peaceful corner of Bangor, Maine, this charming three-unit apartment building at 252 Forest Avenue is an excellent investment opportunity. The property offers three units, each with its own unique character and layout, making it an ideal rental income property.

The building is conveniently located near many amenities in a quiet residential neighborhood. Perfect for investors seeking a steady rental income in a prime location, the Bangor area is known for its friendly community and as a sought-after rental market. Don't miss this opportunity to invest in the future of a growing market!

Last Agent to Sell the Property

Christopher Carroll

NextHome Discover Listed on: 10/23/2023

NextHome Discover

Last Buyer's Agent

Elly Chapman

NextHome Experience

NextHome Experience

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,461

Year Built

  • Built in 1880

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • 2,100 Sq Ft Home
  • Gambrel Roof
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Unfinished Basement

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

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Shed
  • Porch

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Washer and Dryer Hookup
  • City Lot

Listing and Financial Details

  • Tax Lot 174
  • Assessor Parcel Number BANG-000046-000000-000174

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $16,600
  • Gross Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,461

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2100.0
  • Architectural Style: Gambrel
  • Garage Yn: No
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2100.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 45000.0
  • Income Expenses Operating Expenses: 16600.0
  • Exterior:Wood Siding: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Style:Gambrel: Yes
  • Water Heater:Heat Pump2: Yes
  • Foundation Materials:Granite2: Yes
  • Basement Entry:Exterior Only: Yes
  • Other Structures:Shed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch
  • Roof: Metal, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Baseboard
  • Heating Yn: Yes
  • Electric: 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: 9583.2
  • Parcel #: BANG-000046-000000-000174
  • Zoning: RES

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 45000.0
  • Annual Operating Expense: 16600.0

Tax Info

  • Tax Annual Amount: 4461.0
  • Tax Book Number: 16684
  • Tax Lot: 174
  • Tax Map Number: 46
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2020
Closed on
Jan 30, 2020
Sold by
Fleming Janice E
Bought by
Jli Properties Llc
Seller's Agent
Carolyn Fish Jason Fish
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Carolyn Fish Jason Fish
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$179,000
Sold Price
$175,000
Premium/Discount to List
-$4,000
-2.23%
Current Estimated Value
$361,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,887
Avg. Annual Appreciation
13.46%
Original Mortgage
$300,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jli Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dhaiti Judith $328,845
Closed Dhaiti Judith $328,845
Closed Carroll Mgmt Group Llc $248,000
Closed Jli Properties Llc $50,000
Closed Jli Properties Llc $132,000
Open Jli Prop Llc $544,000
Closed Jli Properties Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2024 01/22/24 Sold $342,000 -7.3% $163 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
10/23/2023 10/23/23 For Sale $369,000 +5.5% $176 / Sq Ft
11/14/2022 11/14/22 Sold $349,900 0.0% $167 / Sq Ft
11/14/2022 11/14/22 Pending -- -- --
11/14/2022 11/14/22 For Sale $349,900 +99.9% $167 / Sq Ft
01/30/2020 01/30/20 Sold $175,000 -2.2% $65 / Sq Ft
01/30/2020 01/30/20 Pending -- -- --
01/30/2020 01/30/20 For Sale $179,000 -- $66 / 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 $5,372 $289,600 $33,200 $256,400
2023 $4,878 $254,700 $31,900 $222,800
2022 $4,461 $218,700 $31,900 $186,800
2021 $4,186 $187,700 $29,600 $158,100
2020 $4,141 $178,500 $29,000 $149,500
2019 $3,963 $172,300 $29,000 $143,300
2018 $3,236 $161,000 $29,000 $132,000
2017 $3,116 $157,400 $29,000 $128,400
2016 $3,472 $154,300 $29,000 $125,300
2015 $3,387 $154,300 $29,000 $125,300
2014 $3,287 $150,800 $29,000 $121,800
2013 $3,247 $156,100 $29,000 $127,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1575650

Maine Listings

APN: BANG-000046-000000-000174