NOT LISTED FOR SALE

31 Patterson St Hampden, ME 04444

Hampden Area

Estimated Value: $320,000 - $350,000

6 Beds
2 Baths
2,084 Sq Ft
$160/Sq Ft Est. Value

Sale Details

Date Sold: May 28, 2024

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

Est. 8% increase in value since last sale

Current estimated payment $2,148 / mo

116 Days on Market

Highlights

  • Deck
  • Zoned Heating
  • Carpet
  • No HOA
  • 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 Morrison Nicole Drake

NextHome Experience Listed on: 12/09/2023

NextHome Experience

Last Buyer's Agent

Zachariah Oja

Dream Home Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,055

Year Built

  • Built in 1950

Lot Details

  • 0.4

Home Design

  • Duplex
  • Pitched Roof
  • Shingle Roof

Interior Spaces

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

Flooring

  • Carpet
  • Laminate
  • Vinyl

Basement

  • Doghouse Basement Entry
  • Interior Basement Entry

Utilities

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

Additional Features

  • Deck
  • 17,424 Sq Ft Lot
  • 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

0.4 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4
  • 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: Other
  • Garage Yn: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built: 1950
  • Contract Information:List PriceSqFt: 153.07
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Location:Location: Near Town, Neighborhood, Suburban
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Doghouse, Interior Entry
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Stories: 2

Exterior Features

  • Waterfront: No
  • Patio And Porch Features: Deck
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Zoned
  • 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 Lot: 28

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2023
Closed on
May 28, 2024
Sold by
Bought by
Seller's Agent
Lewis Morrison Nicole Drake
NextHome Experience
Buyer's Agent
Zachariah Oja
Dream Home Realty LLC
List Price
$329,000
Sold Price
$309,800
Premium/Discount to List
-$19,200
-5.84%
Views
57
Current Estimated Value
$334,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,221
Avg. Annual Appreciation
3.51%
Original Mortgage
$294,310
Interest Rate
0.071%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2019
Sold by
Bought by

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
0.0525%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 4, 2017
Closed on
Jul 25, 2018
Sold by
Bought by
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
7.63%
Original Mortgage
$181,649
Interest Rate
0.0525%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$309,800 None Available
$1,500 Liberty Title & Escrow Compa
$1,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $294,310
Previous Owner $213,839
Previous Owner $211,105
Previous Owner $181,649
Closed $91,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,766 $213,370 $66,530 $146,840
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

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