NOT LISTED FOR SALE

31 Patterson St Hampden, ME 04444

Estimated Value: $343,000 - $372,842

6 Beds
2 Baths
2,084 Sq Ft
$170/Sq Ft Est. Value

Last Sold May 28, 2024

Last sale price $309,800 $149 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,184/month

116 Days on Market

Highlights

  • Deck
  • No HOA
  • Landscaped
  • Main Floor Bedroom
  • Zoned Heating
  • Baseboard Heating

About This Home

As of May 2024

A rare opportunity to own a cash-flowing investment property in the desirable town of Hampden! This intown duplex offers two, three bedroom units, one recently renovated with a lease in place until May 2024 and the other with a long-term, month to month tenant. Current monthly income totals $3,025 and tenants pay their own electricity. Less than five minutes to Bangor and I-95!

Last Agent to Sell the Property

Lewis Morris Nicole Drake

NextHome Experience Listed on: 12/09/2023

NextHome Experience

Last Buyer's Agent

Zachariah Oja

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,055

Year Built

  • Built in 1950

Lot Details

  • 0.4 Acre Lot
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,084 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Utilities

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

Additional Features

  • Deck
  • Suburban Location

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number HAMN-000027-000000-000011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,700
  • Gross Income $36,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,055

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS friendly - From Main Street in Bangor, turn right onto Patterson Street; house will be on the left.
  • Above Grade Finished Sq Ft: 2084.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1950
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.4
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2084.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: 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
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Location:Suburban: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 36300.0
  • Income Expenses Operating Expenses: 9700.0
  • Parking:On Site2: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Style:Duplex: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Doghouse, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Near Town, Neighborhood, Suburban
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, 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: 17424.0
  • Parcel #: HAMN-000027-000000-000011
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 36300.0
  • Annual Operating Expense: 9700.0

Tax Info

  • Tax Annual Amount: 3054.98
  • Tax Book Number: 15259
  • Tax Lot: 28
  • Tax Map Number: 7
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2023
Closed on
May 28, 2024
Sold by
Wiken Kaylee A
Bought by
Smith Brayden and Francis Shay
Seller's Agent
Lewis Morris Nicole Drake
NextHome Experience
Buyer's Agent
Zachariah Oja
Keller Williams Realty
List Price
$329,000
Sold Price
$309,800
Premium/Discount to List
-$19,200
-5.84%
Views
57
Current Estimated Value
$355,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,411
Avg. Annual Appreciation
7.86%
Original Mortgage
$294,310
Outstanding Balance
$291,881
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$48,897

Purchase Details

Closed on
Aug 23, 2019
Sold by
Quimby Michael J
Bought by
Moores Kaylee A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,105
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 4, 2017
Closed on
Jul 25, 2018
Sold by
Lyons Brandon
Bought by
Quimby Michael J
Seller's Agent
Douglas Damon
Realty of Maine
Buyer's Agent
Jim Quimby
Moose Country Real Estate
List Price
$209,900
Sold Price
$185,000
Premium/Discount to List
-$24,900
-11.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%
Original Mortgage
$181,649
Interest Rate
4.6%
Mortgage Type
FHA
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
Smith Brayden $309,800 None Available
Smith Brayden $309,800 None Available
Moores Kaylee A $1,500 Liberty Title & Escrow Compa
Moores Kaylee A $1,500 Liberty Title & Escrow Compa
Quimby Michael J $1,500 --
Quimby Michael J $1,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Brayden $294,310
Closed Smith Brayden $294,310
Previous Owner Moores Kaylee A $213,839
Previous Owner Moores Kaylee A $211,105
Previous Owner Quimby Michael J $181,649
Previous Owner Lyons Brandon $91,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2024 05/28/24 Sold $309,800 -2.9% $149 / Sq Ft
01/19/2024 01/19/24 Price Changed $319,000 -3.0% $153 / Sq Ft
12/09/2023 12/09/23 For Sale $329,000 +77.8% $158 / Sq Ft
07/20/2018 07/20/18 Sold $185,000 -11.9% $96 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
08/04/2017 08/04/17 For Sale $209,900 -- $109 / 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 $3,036 $194,000 $60,500 $133,500
2023 $3,055 $158,700 $49,500 $109,200
2022 $2,921 $141,100 $44,000 $97,100
2021 $2,921 $141,100 $44,000 $97,100
2020 $2,878 $141,100 $44,000 $97,100
2019 $2,801 $137,300 $42,700 $94,600
2018 $2,622 $133,800 $42,700 $91,100
2017 $2,462 $133,800 $42,700 $91,100
2016 $2,439 $134,000 $43,000 $91,000
2015 $2,345 $134,000 $43,000 $91,000
2014 $2,342 $133,800 $42,700 $91,100
2013 $2,228 $133,800 $42,700 $91,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1578935

Maine Listings

APN: HAMN-000027-000000-000011