NOT LISTED FOR SALE

531 Hammond St Bangor, ME 04401

West Bangor Neighborhood

Estimated Value: $218,795 - $301,000

4 Beds
3 Baths
2,500 Sq Ft
$104/Sq Ft Est. Value

Last Sold June 23, 2021

Last sale price $145,000 $58 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,650/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Forced Air Heating System
  • Wood Flooring
  • No HOA
  • Baseboard Heating

About This Home

As of June 2021

Come and check out this fully occupied 3 unit building in close proximities to amenities. Selling in as-is condition. Unit 1/3 has washer dryer hook-up in basement. Monthly rents are way below market value.

Last Agent to Sell the Property

Rachel Grignon

Hearth & Key Realty Listed on: 05/21/2021

Hearth & Key Realty

Last Buyer's Agent

Pauline Rock

ERA Dawson-Bradford Co.

ERA Dawson-Bradford Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,652

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Corner Lot

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 2,500 Sq Ft Home
  • Wood Flooring
  • Washer and Dryer Hookup

Unfinished Basement

  • Brick Basement
  • Interior and Exterior Basement Entry

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 003
  • Assessor Parcel Number BANG-000022-000000-000003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $5,360
  • Gross Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,652

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Hammond St. On the corner of Hammond and Webster #531, yellow building
  • Above Grade Finished Sq Ft: 2500.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2500.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 23400.0
  • Income Expenses Operating Expenses: 5360.0
  • Foundation Materials:Block3: Yes
  • Style:Colonial: Yes
  • Basement:BrickMortar: Yes
  • Driveway:Gravel: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Brick/Mortar, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Other

Exterior Features

  • Lot Features: Corner Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, 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: 3920.4
  • Parcel #: BANG-000022-000000-000003
  • Zoning: Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 23400.0
  • Annual Operating Expense: 5360.0

Tax Info

  • Tax Annual Amount: 2652.0
  • Tax Book Number: 9563
  • Tax Lot: 003
  • Tax Map Number: 022
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Jun 23, 2021
Sold by
Flanders James A and Flanders Beth A
Bought by
Executive Prop Llc
Seller's Agent
Rachel Grignon
Hearth & Key Realty
Buyer's Agent
Pauline Rock
ERA Dawson-Bradford Co.
List Price
$139,000
Sold Price
$145,000
Premium/Discount to List
$6,000
4.32%
Current Estimated Value
$260,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,949
Avg. Annual Appreciation
14.68%
Original Mortgage
$120,000
Outstanding Balance
$108,645
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$152,304
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
Executive Prop Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Executive Prop Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2021 06/23/21 Sold $145,000 +4.3% $58 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $139,000 -- $56 / 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 $3,137 $169,100 $10,600 $158,500
2023 $2,963 $154,700 $10,600 $144,100
2022 $2,691 $131,900 $10,600 $121,300
2021 $2,689 $120,600 $9,800 $110,800
2020 $2,652 $114,300 $9,800 $104,500
2019 $2,516 $109,400 $9,800 $99,600
2018 $2,332 $101,600 $9,800 $91,800
2017 $2,284 $101,300 $9,800 $91,500
2016 $2,232 $99,200 $9,800 $89,400
2015 $2,177 $99,200 $9,800 $89,400
2014 $2,132 $97,800 $9,800 $88,000
2013 $2,034 $97,800 $9,800 $88,000
Source: Public Records

Agents Affiliated with this Home

  • Rachel Grignon

    Seller's Agent in 2021

    Rachel Grignon

    Hearth & Key Realty

    (207) 779-6731

    1 in this area

    29 Total Sales

    Rachel Grignon
    Section Image

  • P

    Buyer's Agent in 2021

    Pauline Rock

    ERA Dawson-Bradford Co.

    Section Image
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Map

Source: Maine Listings

MLS Number: 1492670

Maine Listings

APN: BANG-000022-000000-000003

Maine Penobscot County Bangor 04401 West Bangor

531 Hammond St, Bangor, ME

This home is located at 531 Hammond St, Bangor, ME 04401 since 21 May 2021 and is currently estimated at $260,949, approximately $104 per square foot. This property was built in 1900. 531 Hammond St is a home located in Penobscot County with nearby schools including Vine Street School, Fairmount School, and James F. Doughty School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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