Seller's Agent in 2021
Kurtis Marsh
Realty of Maine
(207) 852-6233
21 in this area
240 Total Sales
88 Lincoln St Bangor, ME 04401
West Bangor NeighborhoodEstimated Value: $361,000 - $395,172
5
Beds
3
Baths
2,458
Sq Ft
$152/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- 1-Story Property
- Wood Flooring
- Zoned Heating
- Baseboard Heating
About This Home
As of July 2021Nicely located money making 3 unit. Old world charm with real hardwood floors, tin ceiling and wainscoting cabinets plus good paring, huge decks and larger then normal apartments. this 3 unit has 2 oversized 2 bedrooms with office or dining room and 3rd floor loft apartment that is much larger then normal as well. Owner had done some nice updates with just some interior finishes still left to do if new owner wishes. Vinyl sided, newer roof, natural gas boiler, spray foamed basement and vinyl windows are just the big ones already done. Rare find for positive cash flow like this.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,589
Year Built
- Built in 1912
Lot Details
- 7,405 Sq Ft Lot
- Level Lot
Parking
- Gravel Driveway
Home Design
- Colonial Architecture
- Brick Foundation
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3 Full Bathrooms
- 2,458 Sq Ft Home
- 1-Story Property
- Basement Fills Entire Space Under The House
- Washer and Dryer Hookup
Flooring
- Wood
- Laminate
- Vinyl
Location
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Water Heater
Listing and Financial Details
- Tax Lot 011-A
- Assessor Parcel Number BANG-000025-000000-000011-A000000
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $12,325
- Gross Income $44,160
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2021
Closed on
Jul 20, 2021
Sold by
England Jeanne M
Bought by
Sands Richard C
Seller's Agent
Kurtis Marsh
Realty of Maine
Buyer's Agent
Kurtis Marsh
Realty of Maine
List Price
$260,000
Sold Price
$280,000
Premium/Discount to List
$20,000
7.69%
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
$93,293
Avg. Annual Appreciation
5.95%
Original Mortgage
$224,000
Outstanding Balance
$206,035
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$149,188
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 |
|---|---|---|---|
| Sands Richard C | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sands Richard C | $224,000 | |
| Previous Owner | England Jeanne M | $102,000 | |
| Previous Owner | England Jeanne M | $113,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2021 07/20/21 | Sold | $280,000 | +7.7% | $114 / Sq Ft |
| 05/10/2021 05/10/21 | Pending | -- | -- | -- |
| 05/07/2021 05/07/21 | For Sale | $260,000 | -- | $106 / 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 | $4,305 | $232,100 | $16,900 | $215,200 |
| 2023 | $4,031 | $210,500 | $16,900 | $193,600 |
| 2022 | $3,605 | $176,700 | $16,900 | $159,800 |
| 2021 | $3,570 | $160,100 | $15,600 | $144,500 |
| 2020 | $2,589 | $111,600 | $14,900 | $96,700 |
| 2019 | $2,461 | $107,000 | $14,900 | $92,100 |
| 2018 | $2,226 | $97,000 | $14,500 | $82,500 |
| 2017 | $2,434 | $109,100 | $15,800 | $93,300 |
| 2016 | $2,408 | $107,000 | $15,800 | $91,200 |
| 2015 | $2,349 | $107,000 | $15,800 | $91,200 |
| 2014 | $2,304 | $105,700 | $15,800 | $89,900 |
| 2013 | $2,290 | $110,100 | $16,700 | $93,400 |
Source: Public Records
Agents Affiliated with this Home
-
Kurtis Marsh
Map
Source: Maine Listings
MLS Number: 1490631
APN: BANG-000025-000000-000011-A000000
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