NOT LISTED FOR SALE

Estimated Value: $279,581 - $359,000

3 Beds
2.5 Baths
2,355 Sq Ft
$134/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $275,000 $117 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,901/month

4 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • Victorian Architecture
  • William S. Cohen School Rated A-
  • Wood Flooring
  • 3-minute walk to Chapin Park

About This Home

As of July 2022

Investors take note! Excellent opportunity for owner occupied two-unit investment property in downtown Bangor. Beautiful hardwood floors throughout, this building is move in ready. Unit 1 has one bedroom and one bathroom on the first floor. And Unit 2 has 3 bedrooms and 1 full bathroom and 1 half bathroom on floors two and three. Grove Street is close to everything, both hospitals, parks, shopping, and schools. Enjoy the convenience of in town living and walk to restaurants or concerts. Seller is continuing to update property with new carpets in rooms and paint throughout.

Last Agent to Sell the Property

Jennifer Khavari

ERA Dawson-Bradford Co. Listed on: 04/29/2022

Co-Listed By

Airlia Britt

NextHome Experience

Last Buyer's Agent

Timothy Bush

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,233

Year Built

  • Built in 1890

Lot Details

  • 3,920

Home Design

  • Victorian Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,355 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Bathtub

Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

  • Gravel Driveway
  • On-Site Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • Deck
  • 3,920 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 051
  • Assessor Parcel Number BANG-000048-000000-000051

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $10,607
  • Gross Income $27,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,233

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1122
  • Co List Office Phone: 207-947-6788
  • MLS Status: Closed
  • Directions: Drive South on Broadway. Turn left on Somerset Street. Take your third left onto Grove Street. The property is the second on the left.
  • Above Grade Finished Sq Ft: 2355.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Year Built: 1890
  • 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: 2355.0
  • 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
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 27814.0
  • Income Expenses Operating Expenses: 10607.0
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Basement:Dirt Floor: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Foundation Materials:Granite2: Yes
  • Transportation:Public Transport Access: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Interior Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Wood, Carpet
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living, Storage, Primary Bedroom w/Bath
  • Amenities 1st Floor Primary BR wBath: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Wood Siding, Other Exterior, Wood Frame
  • Foundation Details: Granite
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: BANG-000048-000000-000051
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 27814.0
  • Annual Operating Expense: 10607.0

Tax Info

  • Tax Annual Amount: 3233.0
  • Tax Book Number: 3526
  • Tax Lot: 051
  • Tax Map Number: 048
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Jul 15, 2022
Sold by
Bush Pamela E and Bush Michael F
Bought by
Doughty Candace M
Seller's Agent
Jennifer Khavari
ERA Dawson-Bradford Co.
Buyer's Agent
Timothy Bush
Keller Williams Realty
List Price
$249,900
Sold Price
$275,000
Premium/Discount to List
$25,100
10.04%
Current Estimated Value
$284,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,872
Avg. Annual Appreciation
4.48%
Original Mortgage
$281,325
Outstanding Balance
$269,576
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$45,069
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
Doughty Candace M $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doughty Candace M $281,325
Previous Owner Bush Michael F $100,000
Previous Owner Bush Michael F $11,200
Previous Owner Bush Michael F $123,000
Previous Owner Bush Michael F $107,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $275,000 +10.0% $117 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $249,900 -- $106 / 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 $3,918 $211,200 $13,500 $197,700
2023 $3,702 $193,300 $13,500 $179,800
2022 $3,372 $165,300 $13,500 $151,800
2021 $3,234 $145,000 $12,500 $132,500
2020 $3,243 $139,800 $12,500 $127,300
2019 $3,103 $134,900 $12,500 $122,400
2018 $2,850 $124,200 $12,500 $111,700
2017 $2,759 $123,700 $12,500 $111,200
2016 $2,729 $121,300 $12,500 $108,800
2015 $2,663 $121,300 $12,500 $108,800
2014 $2,572 $118,000 $12,500 $105,500
2013 $2,454 $118,000 $12,500 $105,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1526503

Maine Listings

APN: BANG-000048-000000-000051