NOT LISTED FOR SALE

575 Main St Bangor, ME 04401

West Bangor Neighborhood

Estimated Value: $286,347

-- Bed
3 Baths
3,661 Sq Ft
$78/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $210,000 $57 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,998/month

313 Days on Market

Highlights

  • No HOA
  • Carpet
  • 3-minute walk to Bass Park
  • Baseboard Heating

About This Home

As of July 2021

This home is located at 575 Main St, Bangor, ME 04401 since 15 July 2021 and is currently estimated at $286,347, approximately $78 per square foot. This property was built in 1900. 575 Main St is a home located in Penobscot County with nearby schools including Vine Street School, Fairmount School, and James F. Doughty School.

Last Agent to Sell the Property

Augustine Ofili

ERA Dawson-Bradford Co. Listed on: 07/15/2021

ERA Dawson-Bradford Co.

Last Buyer's Agent

Augustine Ofili

ERA Dawson-Bradford Co. Listed on: 07/15/2021

ERA Dawson-Bradford Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,016

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Brick Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,661 Sq Ft Home
  • Multi-Level Property
  • Exterior Basement Entry

Flooring

  • Carpet
  • Vinyl

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 035
  • Assessor Parcel Number BANG-000026-000000-000035

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $18,000
  • Gross Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,016

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3661.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3661.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Radiant: Yes
  • Income Expenses Gross Income: 39000.0
  • Income Expenses Operating Expenses: 18000.0
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Other, Exterior Entry, Bulkhead
  • Full Bathrooms: 3
  • Flooring: Vinyl, Carpet

Exterior Features

  • Lot Features: Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Other
  • Foundation Details: Brick/Mortar
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, 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: 6969.6
  • Parcel #: BANG-000026-000000-000035
  • Zoning: R2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 39000.0
  • Annual Operating Expense: 18000.0

Tax Info

  • Tax Annual Amount: 5016.0
  • Tax Book Number: 8110
  • Tax Lot: 035
  • Tax Map Number: 026
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Jul 15, 2021
Sold by
Mcerlain Joseph C and Mcerlain Kathleene A
Bought by
C & M Inv Group Llc
Seller's Agent
Augustine Ofili
ERA Dawson-Bradford Co.
Buyer's Agent
Augustine Ofili
ERA Dawson-Bradford Co.
List Price
$399,000
Sold Price
$210,000
Premium/Discount to List
-$189,000
-47.37%
Current Estimated Value
$286,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,347
Avg. Annual Appreciation
8.43%
Original Mortgage
$168,000
Outstanding Balance
$153,422
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$138,538
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
C & M Inv Group Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open C & M Inv Group Llc $168,000
Previous Owner Mcerlain Joseph C $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $210,000 -47.4% $57 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
07/10/2020 07/10/20 For Sale $399,000 -- $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 $5,004 $260,600 $77,900 $182,700
2023 $4,653 $243,000 $77,900 $165,100
2022 $4,772 $233,900 $77,900 $156,000
2021 $4,781 $214,400 $72,100 $142,300
2020 $5,083 $219,100 $74,200 $144,900
2019 $5,016 $218,100 $74,200 $143,900
2018 $4,996 $217,700 $74,200 $143,500
2017 $4,871 $216,000 $74,200 $141,800
2016 $4,849 $215,500 $74,200 $141,300
2015 $4,695 $213,900 $74,200 $139,700
2014 $4,606 $211,300 $74,200 $137,100
2013 $4,447 $213,800 $74,200 $139,600
Source: Public Records

Agents Affiliated with this Home

  • Augustine Ofili

    Seller's Agent in 2021

    Augustine Ofili

    ERA Dawson-Bradford Co.

    (203) 768-4134

    20 in this area

    314 Total Sales

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Map

Source: Maine Listings

MLS Number: 1459953

Maine Listings

APN: BANG-000026-000000-000035

Maine Penobscot County Bangor 04401 West Bangor

575 Main St, Bangor, ME

This home is located at 575 Main St, Bangor, ME 04401 since 15 July 2021 and is currently estimated at $286,347, approximately $78 per square foot. This property was built in 1900. 575 Main St is a home located in Penobscot County with nearby schools including Vine Street School, Fairmount School, and James F. Doughty School.

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