D
Seller's Agent in 2024
David White
OwnerEntry.com
(617) 542-9300
3 in this area
818 Total Sales
72 3rd St Bangor, ME 04401
West Bangor NeighborhoodEstimated Value: $364,000 - $926,000
Studio
8
Baths
12,418
Sq Ft
$55/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Cooling Available
- Level Lot
- No HOA
- Baseboard Heating
- 5-minute walk to Second Street Park
About This Home
As of December 2024AMAZING INVESTMENT OPPORTUNITY! Just steps from downtown, this building has been meticulously renovated throughout while maintaining the original woodwork and architecture. Renovations include new tile bathrooms, custom showers, kitchens with granite and stainless steel appliances, new solid oak wood flooring and new windows. All new plumbing and electrical as well as electric service entrance for entire building. The entire roof system (including trusses) was replaced in 2019 along with extensive repointing of brick exterior. There is ample parking in the rear for all units. The building is 100% occupied, has professional and long-term tenants, and excellent income history. This property and its countless improvements must be seen to fully appreciate.
Pre-approval or proof of funds is required prior to any scheduled showings. 24-hour notice is required.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,470
Year Built
- Built in 1880
Lot Details
- 9,148 Sq Ft Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Shingle Roof
- Tar and Gravel Roof
- Fiberglass Roof
Interior Spaces
- 8 Full Bathrooms
- Multi-Level Property
Flooring
- Wood
- Tile
- Vinyl
Finished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Common or Shared Parking
- Shared Driveway
- On-Street Parking
- Off-Street Parking
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 209
- Assessor Parcel Number BANG-000034-000000-000209
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- Operating Expense $999
- Gross Income $133,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 16, 2024
Closed on
Dec 6, 2024
Sold by
General Interests Llc
Bought by
Jam Re Holdings Llc
Seller's Agent
David White
OwnerEntry.com
Buyer's Agent
Kortnie Mullins
Realty of Maine
List Price
$1,289,000
Sold Price
$1,149,000
Premium/Discount to List
-$140,000
-10.86%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$466,009
Avg. Annual Appreciation
-37.41%
Original Mortgage
$919,200
Outstanding Balance
$911,615
Interest Rate
6.54%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$228,624
Purchase Details
Closed on
Aug 22, 2007
Sold by
Jay A Smith Inc
Bought by
72-74 3Rd Street Rt and Chaletzky
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.78%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jam Re Holdings Llc | -- | None Available | |
| Jam Re Holdings Llc | -- | None Available | |
| 72-74 3Rd Street Rt | -- | -- | |
| 72-74 3Rd Street Rt | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jam Re Holdings Llc | $919,200 | |
| Closed | Jam Re Holdings Llc | $919,200 | |
| Previous Owner | 72-74 3Rd Street Rt | $275,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/06/2024 12/06/24 | Sold | $1,149,000 | -8.0% | $93 / Sq Ft |
| 09/24/2024 09/24/24 | Pending | -- | -- | -- |
| 09/12/2024 09/12/24 | Price Changed | $1,249,000 | -3.1% | $101 / Sq Ft |
| 07/16/2024 07/16/24 | For Sale | $1,289,000 | -- | $104 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $8,299 | $447,400 | $18,800 | $428,600 |
| 2023 | $7,470 | $390,100 | $18,800 | $371,300 |
| 2022 | $7,438 | $364,600 | $18,800 | $345,800 |
| 2021 | $7,520 | $337,200 | $17,500 | $319,700 |
| 2020 | $7,269 | $313,300 | $16,600 | $296,700 |
| 2019 | $7,130 | $310,000 | $16,600 | $293,400 |
| 2018 | $6,717 | $292,700 | $16,200 | $276,500 |
| 2017 | $6,197 | $271,600 | $14,800 | $256,800 |
| 2016 | $6,269 | $278,600 | $14,800 | $263,800 |
| 2015 | $5,953 | $271,200 | $14,800 | $256,400 |
| 2014 | $5,821 | $267,000 | $14,800 | $252,200 |
| 2013 | $5,129 | $246,600 | $14,300 | $232,300 |
Source: Public Records
Agents Affiliated with this Home
-
David White
-
Kortnie Mullins
Buyer's Agent in 2024
Kortnie Mullins
Realty of Maine
(207) 991-4924
32 in this area
213 Total Sales
Map
Source: Maine Listings
MLS Number: 1597045
APN: BANG-000034-000000-000209
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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