NOT LISTED FOR SALE

Estimated Value: $362,000 - $593,000

2 Beds
5 Baths
6,461 Sq Ft
$66/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $180,000 $28 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $2,716/month

126 Days on Market

Highlights

  • River Front
  • Property is near public transit
  • Main Floor Bedroom
  • Colonial Architecture
  • Wood Flooring
  • Attic

About This Home

As of October 2020

5700 SQ FT HOUSE + 3 BR APARTMENT! Massive colonial built like a fortress sits of the top of the hill overlooking town. Auxiliary structure below it is a 3 bedroom apartment for rental income. Originally designed by Wilfred Mansur, this Frederick Appleton house has many intact ornate features from the stained glass windows, terra cotta fireplaces and grand room sizes. Overlooking Bangor with glimpses of the the Penobscot River, this home was once the Osteopathic Hospital in the 1940's then later used as a center for independent living for disabled adults. This large single family home would be ideal for growing family or at home business plus you have an attached single family 2-3 bedroom home at 157 Cedar St. Hardwood floors, grand foyer entrance, dark wood staircase & moldings, portico windows and tall ceilings; all built to last. The house has been plumbed with a full wet sprinkler system that would have to be activated to meet possible zoning changes to expand the multi family or other use. Rental income from 157 Cedar apartment is over $1100/month. Located across the street from Vice President Hannibul Hamlin home (15 Fifth St), With passion, this home would be worth revitalizing to yesterdays style. GOOD TIMING MAKES GOOD SENSE. Call this time...

Last Agent to Sell the Property

Phil Cormier

Keller Williams Realty Brokerage Phone: 207-745-7070 Listed on: 06/21/2020

Keller Williams Realty

Last Buyer's Agent

Kimberly McPheters

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1892

Lot Details

  • 9,583 Sq Ft Lot
  • River Front
  • Corner Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Vinyl Siding
  • Asbestos

Interior Spaces

  • 6,461 Sq Ft Home
  • 3-Story Property
  • 4 Fireplaces
  • Water Views
  • Attic

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • In-Law or Guest Suite
  • 5 Full Bathrooms
  • Bathtub
  • Shower Only

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Radiator
  • Space Heater
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Pellet Stove burns compressed wood to generate heat
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Steam
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 70
  • Assessor Parcel Number BANG-000034-000000-000070

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $25,157
  • Gross Income $48,072

Property Details

Home Type

Multi-Family

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Water Body Name: Penobscot River
  • MLS Status: Closed
  • Directions: Corner of Cedar St & Fifth St, across from Hannibul Hamlin historic house
  • Above Grade Finished Sq Ft: 6461.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1892
  • Attribution Contact: 207-745-7070
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 27.74
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 6461.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: 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
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 48072.0
  • Income Expenses Operating Expenses: 25157.0
  • Parking:On Site2: Yes
  • Heat System:Steam: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Building Info:_pound_ Fireplaces3: 4
  • Gas:Natural - At Street: Yes
  • Amenities:Attic: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Equipment:Cable: Yes
  • Heat System:Radiator: Yes
  • Amenities:In-Law Apartment: Yes
  • Heat System:Space Heater: Yes
  • Heat Fuel:Pellets: Yes
  • Exterior:Asbestos: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Transportation:Public Transport Access: Yes
  • Advertising Remarks:Advertising Remarks: 5700 SQ FT HOUSE + 3 BR APARTMENT! Massive colonial built like a fortress sits of the top of the hill overlooking town. Auxiliary structure below it is a 3 bedroom apartment for rental income. Originally designed by Wilfred Mansur, this Frederick Appleton house has many intact ornate features from the stained glass windows, terra cotta fireplaces and grand room sizes. Overlooking Bangor with glimpses of the the Penobscot River, this home was once the Osteopathic Hospital in the 1940's then later used as a center for independent living for disabled adults. This large single family home would be ideal for growing family or at home business plus you have an attached single family 2-3 bedroom home at 157 Cedar St. Hardwood floors, grand foyer entrance, dark wood staircase & moldings, portico windows and tall ceilings; all built to last. The house has been plumbed with a full wet sprinkler system that would have to be activated to meet possible zoning changes to expand the multi family or other use. Rental income from 157 Cedar apartment is over $1100/month. Located across the street from Vice President Hannibul Hamlin home (15 Fifth St), With passion, this home would be worth revitalizing to yesterdays style. GOOD TIMING MAKES GOOD SENSE. Call this time... 24/7 service, call Philip Cormier 207-745-7070 or philipcormier@kw.com
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Walk-Out Access, Finished, Full, Interior Entry, Unfinished
  • Full Bathrooms: 5
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath, Attic, Bathtub, In-Law Floorplan, Pantry, Shower, Storage
  • Full Basement: Yes
  • Amenities 1st Floor Primary BR wBath: Yes

Exterior Features

  • Lot Features: Corner Lot, Open Lot, Sidewalks, Intown, Neighborhood, Near Public Transit
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Vinyl Siding, Asbestos, Wood Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Space Heater, Radiator, Multi-Zones, Hot Water, Direct Vent Furnace, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.2
  • Parcel #: BANG-000034-000000-000070
  • Zoning: URD-2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 48072.0
  • Annual Operating Expense: 25157.0

Tax Info

  • Tax Annual Amount: 4751.0
  • Tax Lot: 70
  • Tax Year: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2023
Sold by
Jewett Dakota
Bought by
Pettitt Robert
Current Estimated Value
$426,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,050
Outstanding Balance
$278,527
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$148,355

Purchase Details

Listed on
Jun 21, 2020
Closed on
Oct 23, 2020
Sold by
Jacobs Sarah R
Bought by
Jewett Dakota
Seller's Agent
Phil Cormier
Keller Williams Realty
Buyer's Agent
Kimberly McPheters
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$183,222
Sold Price
$180,000
Premium/Discount to List
-$3,222
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.49%
Original Mortgage
$144,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pettitt Robert $299,000 None Available
Jewett Dakota -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pettitt Robert $284,050
Previous Owner Jewett Dakota $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2020 10/23/20 Sold $180,000 -1.8% $28 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $183,222 -- $28 / 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 $5,548 $299,100 $21,100 $278,000
2023 $5,245 $273,900 $21,100 $252,800
2022 $5,008 $245,500 $21,100 $224,400
2021 $5,519 $247,500 $23,200 $224,300
2020 $5,331 $229,800 $22,100 $207,700
2019 $5,115 $222,400 $22,100 $200,300
2018 $4,693 $224,500 $22,100 $202,400
2017 $4,588 $223,700 $22,100 $201,600
2016 $4,921 $218,700 $22,100 $196,600
2015 $4,825 $219,800 $22,100 $197,700
2014 $4,755 $218,100 $22,100 $196,000
2013 $4,549 $218,700 $22,100 $196,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1451422

Maine Listings

APN: BANG-000034-000000-000070