Seller's Agent in 2023
Aimi Baldwin
ERA Dawson-Bradford Co.
(207) 266-7021
12 in this area
184 Total Sales
82 2nd St Bangor, ME 04401
West Bangor NeighborhoodEstimated Value: $275,000 - $366,000
3
Beds
2
Baths
2,236
Sq Ft
$134/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Attic
- Cooling Available
- Wooded Lot
- No HOA
- 1-minute walk to Second Street Park
About This Home
As of September 202382 Second Street is your opportunity to own a 2+ unit investment property in Bangor, Maine with a recent zoning change! This property is located within walking distance to downtown Bangor, waterfront park and concerts, Penobscot River Walk, Civic Center, Hollywood Slots, and Talbot Park. Downtown and surrounding areas are also loaded with great places to eat. Rent out both units or live in one unit and rent out the other for income. Both units are in great shape with the 1st floor being newly renovated, and 2nd partially. The property zoning has recently been changed from urban residential 2 (URD-2) to Multifamily and Service (M&SD) allowing for a 3rd unit and more! Plenty of space in the attic, with floor plans going with the sale. Some significant recent updates include a metal roof, new furnace, new 2nd unit water heater capable of servicing 2 units, and a new heat pump in the second unit. Kitchen cabinets bought and stored for a potential 3rd unit. There is plenty of off-street parking and then some. Come check this out, it won't last long!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,750
Year Built
- Built in 1900
Lot Details
- 7,841 Sq Ft Lot
- Level Lot
- Open Lot
- Wooded Lot
Parking
- Gravel Driveway
Home Design
- Colonial Architecture
- New Englander Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- 2 Full Bathrooms
- 2,236 Sq Ft Home
- 2-Story Property
- Laundry on main level
- Attic
Flooring
- Laminate
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- Property is near a golf course
- City Lot
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Propane
- Heat Pump System
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Listing and Financial Details
- Tax Lot 165
- Assessor Parcel Number BANG-000035-000000-000165
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $14,135
- Gross Income $29,520
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 5, 2023
Closed on
Sep 22, 2023
Sold by
Bailey Jordan M
Bought by
Whelan Andrew D and Noa Sarah
Seller's Agent
Aimi Baldwin
ERA Dawson-Bradford Co.
Buyer's Agent
Donna Coglitore
Keller Williams Realty
List Price
$280,000
Sold Price
$270,000
Premium/Discount to List
-$10,000
-3.57%
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
$30,271
Avg. Annual Appreciation
5.35%
Original Mortgage
$249,287
Outstanding Balance
$244,000
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$56,271
Purchase Details
Listed on
Jun 16, 2018
Closed on
Dec 28, 2018
Sold by
Seekins Deborah E
Bought by
Bailey Jordan M
Seller's Agent
Derek Eisenberg
Continental Real Estate Group, Inc.
Buyer's Agent
Timothy Herbold
Realty of Maine
List Price
$135,900
Sold Price
$130,000
Premium/Discount to List
-$5,900
-4.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.67%
Original Mortgage
$133,120
Interest Rate
4.9%
Mortgage Type
VA
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 |
|---|---|---|---|
| Whelan Andrew D | $270,000 | None Available | |
| Bailey Jordan M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Whelan Andrew D | $249,287 | |
| Previous Owner | Bailey Jordan M | $133,120 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/22/2023 09/22/23 | Sold | $270,000 | -3.6% | $121 / Sq Ft | |
| 08/11/2023 08/11/23 | Pending | -- | -- | -- | |
| 07/05/2023 07/05/23 | For Sale | $280,000 | +115.4% | $125 / Sq Ft | |
| 12/28/2018 12/28/18 | Sold | $130,000 | -4.3% | $118 / Sq Ft | View Prior Sale |
| 11/16/2018 11/16/18 | Pending | -- | -- | -- | |
| 06/15/2018 06/15/18 | For Sale | $135,900 | -- | $124 / 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 | $3,627 | $195,500 | $16,400 | $179,100 |
| 2023 | $3,405 | $177,800 | $16,400 | $161,400 |
| 2022 | $2,750 | $134,800 | $16,400 | $118,400 |
| 2021 | $2,636 | $118,200 | $15,200 | $103,000 |
| 2020 | $2,680 | $115,500 | $15,600 | $99,900 |
| 2019 | $2,555 | $111,100 | $15,600 | $95,500 |
| 2018 | $2,329 | $101,500 | $15,200 | $86,300 |
| 2017 | $2,527 | $113,400 | $16,500 | $96,900 |
| 2016 | $2,498 | $111,000 | $16,500 | $94,500 |
| 2015 | $2,439 | $111,100 | $16,500 | $94,600 |
| 2014 | $2,394 | $109,800 | $16,500 | $93,300 |
| 2013 | $2,407 | $115,700 | $17,400 | $98,300 |
Source: Public Records
Agents Affiliated with this Home
-
Aimi Baldwin
-
Donna Coglitore
Buyer's Agent in 2023
Donna Coglitore
Keller Williams Realty
(207) 290-0223
10 in this area
172 Total Sales
-
Derek Eisenberg
D
Seller's Agent in 2018
Derek Eisenberg
Continental Real Estate Group, Inc.
(877) 996-5728
3,141 Total Sales
-
Timothy Herbold
T
Buyer's Agent in 2018
Timothy Herbold
Realty of Maine
(207) 942-6310
2 in this area
14 Total Sales
Map
Source: Maine Listings
MLS Number: 1564292
APN: BANG-000035-000000-000165
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