P
Seller's Agent in 2023
Phil Cormier
Keller Williams Realty
94 Lincoln St Bangor, ME 04401
West Bangor NeighborhoodEstimated Value: $165,000 - $280,000
3
Beds
2
Baths
2,049
Sq Ft
$105/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Wood Flooring
- Attic
- Property is near public transit
- Main Floor Bedroom
- No HOA
About This Home
As of February 2023BACK ON THE MARKET AFTER BUYER DENIED FINANCING-buyer's lack of personal income. In this desirable west side neighborhood, finding tenants is easy. Both units have 4 rooms, 2 bedrooms and full bathrooms. Tenants pay monthly rent and individual electric use and hot water. Landlord pays for heat, water and sewer use. Landlord converted the Pensotti hot water boiler to natural gas to save on heating costs. Landlord also installed two new hybrid hot water heaters which also dehumidify the basement. Owner also repaired a foundation issue and installed a bulk head for easy basement access. Exterior is vinyl sided and windows have replacement vinyl double pane windows. This building is a bargain for the Do-It-Yourself buyer. With a little painting inside and some minor upgrades, the rents can be significantly raised to $1000 a month. Second floor units is occupied and are tenants at will/month to month tenants. Plenty of open parking for tenants. For the smart buyer. Invest in the future.
Last Agent to Sell the Property
Phil Cormier
Keller Williams Realty Brokerage Phone: 207-745-7070 Listed on: 12/24/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,501
Year Built
- Built in 1843
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
- Open Lot
Home Design
- Colonial Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,049 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Attic
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Natural Gas
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
- Internet Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number BANG-000025-000000-000010
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $9,237
- Gross Income $19,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 21, 2023
Sold by
Connolly Douglas
Bought by
River Vw Apt Me Llc
Total Days on Market
192
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,800
Outstanding Balance
$499,913
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$295,913
Purchase Details
Listed on
Dec 24, 2022
Closed on
Feb 1, 2023
Sold by
Clark Ernest and Mcpherson Ralph
Bought by
Connolly Douglas
Seller's Agent
Phil Cormier
Keller Williams Realty
Buyer's Agent
Jason Edwards
EXP Realty
List Price
$164,222
Sold Price
$135,000
Premium/Discount to List
-$29,222
-17.79%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.35%
Purchase Details
Closed on
Jun 27, 2019
Sold by
Chan Jack H
Bought by
Clark Ernest and Mcpherson Ralph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 1, 2008
Sold by
Chan Jack H
Bought by
Chan Jack H and Chan Wilson
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 |
|---|---|---|---|
| River Vw Apt Me Llc | -- | None Available | |
| Connolly Douglas | $135,000 | None Available | |
| Clark Ernest | -- | -- | |
| Chan Jack H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | River Vw Apt Me Llc | $508,800 | |
| Previous Owner | Clark Ernest | $90,000 | |
| Previous Owner | Chan Jack H | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/01/2023 02/01/23 | Sold | $135,000 | -17.8% | $66 / Sq Ft |
| 11/22/2022 11/22/22 | Pending | -- | -- | -- |
| 11/15/2022 11/15/22 | Price Changed | $164,222 | 0.0% | $80 / Sq Ft |
| 11/15/2022 11/15/22 | For Sale | $164,222 | -5.7% | $80 / Sq Ft |
| 08/09/2022 08/09/22 | Pending | -- | -- | -- |
| 05/13/2022 05/13/22 | For Sale | $174,222 | -- | $85 / 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 | $2,764 | $149,000 | $15,400 | $133,600 |
| 2023 | $2,599 | $135,700 | $15,400 | $120,300 |
| 2022 | $2,501 | $122,600 | $23,200 | $99,400 |
| 2021 | $2,382 | $106,800 | $21,500 | $85,300 |
| 2020 | $2,394 | $103,200 | $20,500 | $82,700 |
| 2019 | $2,302 | $100,100 | $20,500 | $79,600 |
| 2018 | $2,171 | $94,600 | $19,900 | $74,700 |
| 2017 | $2,165 | $96,000 | $19,900 | $76,100 |
| 2016 | $2,165 | $96,200 | $19,900 | $76,300 |
| 2015 | $2,112 | $96,200 | $19,900 | $76,300 |
| 2014 | $2,082 | $95,500 | $19,900 | $75,600 |
| 2013 | $1,986 | $95,500 | $19,900 | $75,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jason Edwards
J
Buyer's Agent in 2023
Jason Edwards
EXP Realty
(207) 356-8206
4 in this area
95 Total Sales
Map
Source: Maine Listings
MLS Number: 1528200
APN: BANG-000025-000000-000010
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