$249,500
SOLD AUG 16, 2024
-- Bed
2 Baths
1,900 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$131 Per Sq Ft

11% Below List Price

145 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Cooling Available
  • William S. Cohen School Rated A-
  • No HOA
  • Zoned Heating

About This Home

As of August 2024

Introducing a prime investment opportunity in Bangor! This meticulously maintained duplex on Jefferson Street offers two units, featuring three and two bedrooms each, presenting ample living space for potential buyers. With a solid rental history and reliable tenants already in place, this property is a turnkey investment. Recent upgrades, including sewer pipe replacement, fresh paint, and new flooring, enhance the property's value. Its prime location provides easy access to local amenities and transportation options, making it a desirable choice for both seasoned investors and first-time buyers looking for a residence with rental income potential. Don't miss out on this exceptional investment opportunity. Contact us today to schedule a viewing and secure your place in the Bangor real estate market!

Last Agent to Sell the Property

Augustine Ofili

ERA Dawson-Bradford Co. Listed on: 02/20/2024

ERA Dawson-Bradford Co.

Last Buyer's Agent

Kortnie Mullins

Realty of Maine

Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,809

Year Built

  • Built in 1880

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Has A Rolling Slope

Parking

  • Gravel Driveway

Home Design

  • 1,900 Sq Ft Home
  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Additional Features

  • 2 Full Bathrooms
  • City Lot

Listing and Financial Details

  • Tax Lot 165
  • Assessor Parcel Number BANG-000039-000000-000165

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,260
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,809

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1900.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1900.0
  • Property Information:Garage: No
  • 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:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 26400.0
  • Income Expenses Operating Expenses: 9260.0
  • Style:Colonial: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Basement:Sump Pump: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Rolling Slope, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Heat Pump, 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: 5662.8
  • Parcel #: BANG-000039-000000-000165
  • Zoning: Urban Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 26400.0
  • Annual Operating Expense: 9260.0

Tax Info

  • Tax Annual Amount: 2809.0
  • Tax Book Number: 16653
  • Tax Lot: 165
  • Tax Map Number: 39
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
Aug 16, 2024
Sold by
Griffiths Gilmore
Bought by
Allen Estates Llc
Seller's Agent
Augustine Ofili
ERA Dawson-Bradford Co.
Buyer's Agent
Kortnie Mullins
Realty of Maine
List Price
$280,000
Sold Price
$249,500
Premium/Discount to List
-$30,500
-10.89%
Total Days on Market
145
Views
127
Current Estimated Value
$245,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,712
Avg. Annual Appreciation
-1.83%
Original Mortgage
$187,125
Outstanding Balance
$185,860
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$59,928

Purchase Details

Listed on
Sep 14, 2022
Closed on
Oct 12, 2022
Sold by
Estes Susan I
Bought by
Griffiths Gilmore
Seller's Agent
Barbara Houston
ERA Dawson-Bradford Co.
Buyer's Agent
Augustine Ofili
ERA Dawson-Bradford Co.
List Price
$229,000
Sold Price
$215,000
Premium/Discount to List
-$14,000
-6.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%
Original Mortgage
$172,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $249,500 None Available
Warranty Deed $249,500 None Available
Warranty Deed $215,000 None Available
Warranty Deed $215,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $187,125 Purchase Money Mortgage
Closed $187,125 Purchase Money Mortgage
Previous Owner $172,000 Purchase Money Mortgage
Previous Owner $50,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $249,500 0.0% $131 / Sq Ft
07/15/2024 07/15/24 Pending -- -- --
05/23/2024 05/23/24 Price Changed $249,500 -7.2% $131 / Sq Ft
04/22/2024 04/22/24 Price Changed $269,000 -3.9% $142 / Sq Ft
02/20/2024 02/20/24 For Sale $280,000 +30.2% $147 / Sq Ft
10/12/2022 10/12/22 Sold $215,000 -6.1% $113 / Sq Ft
08/10/2022 08/10/22 For Sale $229,000 -- $121 / 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 $3,038 $163,800 $15,400 $148,400
2023 $2,809 $146,700 $15,400 $131,300
2022 $2,652 $130,000 $21,100 $108,900
2021 $2,529 $113,400 $19,600 $93,800
2020 $2,501 $107,800 $19,600 $88,200
2019 $2,387 $103,800 $19,600 $84,200
2018 $2,251 $98,100 $19,600 $78,500
2017 $2,208 $97,900 $19,600 $78,300
2016 $2,158 $95,900 $19,600 $76,300
2015 $2,105 $95,900 $19,600 $76,300
2014 $2,062 $94,600 $19,600 $75,000
2013 $1,968 $94,600 $19,600 $75,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1582568

Maine Listings

APN: BANG-000039-000000-000165