Seller's Agent in 2021
Jessie Howard
Due East Real Estate
(207) 214-3833
85 Bancroft Rd Danforth, ME 04424
Estimated Value: $928,044
--
Bed
20
Baths
1
Sq Ft
$928,044/Sq Ft
Est. Value
Highlights
- View of Trees or Woods
- No HOA
- Bathtub
- Main Floor Bedroom
- Double Pane Windows
- Patio
About This Home
As of March 2021If you are seeking the security of an investment property income, this very well maintained and fully occupied complex may be just what you are looking for! Built in 1986 as a State of Maine housing project, it features 22 one bedroom apartments and 2 two bedroom apartments, two common areas, coin op washers & dryers, regularly maintained and updated elevator and common area ansul system. With recently replaced roof, windows and paved drive/parking lot, this great facility is ready for you to take the reins!
Last Listed By
Jessie Howard
Due East Real Estate Listed on: 06/27/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 2.4 Acre Lot
- Landscaped
- Level Lot
- Open Lot
- Sprinkler System
Home Design
- Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Double Pane Windows
- Views of Woods
- Laundry on main level
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 20 Full Bathrooms
- Bathtub
Home Security
- Home Security System
- Fire Sprinkler System
Parking
- Common or Shared Parking
- Shared Driveway
- Paved Parking
- On-Site Parking
Accessible Home Design
- Accessible Elevator Installed
- Halls are 48 inches wide or more
- Doors are 36 inches wide or more
- Level Entry For Accessibility
Utilities
- No Cooling
- Baseboard Heating
- Natural Gas Not Available
- Electric Water Heater
- High Speed Internet
- Internet Available
- Cable TV Available
Additional Features
- Patio
- City Lot
Listing and Financial Details
- Tax Lot 35/36
- Assessor Parcel Number 16410-15-08A
Community Details
Overview
- No Home Owners Association
- 24 Units
Amenities
- Coin Laundry
- Community Storage Space
Building Details
- Operating Expense $44,650
- Gross Income $114,735
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 27, 2020
Closed on
Mar 19, 2021
Sold by
Gillis Barry G
Bought by
Mcfreehart Llc
Seller's Agent
Jessie Howard
Due East Real Estate
Buyer's Agent
Tim McClary
Day's Real Estate
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%
Total Days on Market
177
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
$278,044
Avg. Annual Appreciation
9.22%
Original Mortgage
$756,400
Outstanding Balance
$690,273
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$246,283
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 |
|---|---|---|---|
| Mcfreehart Llc | -- | None Available | |
| Mcfreehart Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcfreehart Llc | $297,500 | |
| Open | Mcfreehart Llc | $756,400 | |
| Closed | Mcfreehart Llc | $756,400 | |
| Previous Owner | Gillis Barry G | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2021 03/19/21 | Sold | $650,000 | -3.7% | $650,000 / Sq Ft |
| 12/22/2020 12/22/20 | Pending | -- | -- | -- |
| 06/27/2020 06/27/20 | For Sale | $675,000 | -- | $675,000 / 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 |
|---|---|---|---|---|
| 2022 | $16,732 | $649,800 | $22,110 | $627,690 |
| 2021 | $16,407 | $649,800 | $22,110 | $627,690 |
| 2020 | $18,357 | $649,800 | $22,110 | $627,690 |
| 2019 | $18,519 | $649,800 | $22,110 | $627,690 |
Source: Public Records
Agents Affiliated with this Home
-
-
T
Buyer's Agent in 2021
Tim McClary
Day's Real Estate
-
Timothy McClary
Buyer's Agent in 2021
Timothy McClary
Realty of Maine
(207) 215-2734
20 Total Sales
Map
Source: Maine Listings
MLS Number: 1458096
APN: 29-35&36
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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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