Closed

$240,000

87 Somerset Street, Bangor, ME 04401

3beds

1,744sqft

Multi Family

Built in 1910

-- sqft lot

$276,400 Zestimate^®

$138/sqft

$1,882 Estimated rent

Home value

$276,400

$257,000 - $299,000

$1,882/mo

Zestimate^® history

Owner options

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$1,882/mo

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$1,882/mo

Rent Zestimate^®

Refinance and save

$1,616/mo

Est. payment

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$1,616/mo

Est. payment

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What's special

Front porch renovationNew ovenNew flooringFresh paint throughout

Nestled in the heart of downtown Bangor, Maine, this charming two-apartment multi-family building offers an exceptional investment opportunity. The downstairs apartment, thoughtfully furnished by the current owners, will be delivered with all furniture included in the sale, making it an enticing turnkey option for potential buyers. Recent upgrades abound, with new flooring, a washer/dryer, fresh paint throughout both units in 2023, and a new oven in the downstairs apartment. Notable improvements include brand-new window treatments, a staircase connecting the second-floor deck to the ground, and a front porch renovation in 2015. Additional details available in the provided addendum. This property is a promising prospect for those seeking both convenience and value in the vibrant city of Bangor.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard, Hot Water

Cooling

None

Features

Flooring: Carpet, Laminate, Other, Tile
Basement: Interior Entry,Full,Unfinished
Furnished: Yes

Interior area

Total structure area: 1,744
Total interior livable area: 1,744 sqft
Finished area above ground: 1,744
Finished area below ground: 0

Property

Parking

Parking features: Gravel, On Site

Features

Patio & porch: Porch

Lot

Size: 1,742 sqft
Features: City Lot, Near Golf Course, Neighborhood, Shopping Mall, Sidewalks

Details

Parcel number: BANGM048L228
Zoning: URD-2

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Stone, Brick/Mortar
Roof: Shingle

Condition

Year built: 1910

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & neighborhood

Location

Region: Bangor

Price history

Date	Event	Price
1/25/2024	Sold	$240,000$138/sqft
Source: Maine Listings #1574293 Report a problem
11/1/2023	Pending sale	$240,000$138/sqft
Source: Maine Listings #1574293 Report a problem
10/8/2023	Listed for sale	$240,000+42.5%$138/sqft
Source: Maine Listings #1574293 Report a problem
1/24/2023	Sold	$168,400-6.4%$97/sqft
Source: Maine Listings #1546895 Report a problem
11/30/2022	Pending sale	$180,000$103/sqft
Source: NextHome #1546895 Report a problem
11/30/2022	Contingent	$180,000$103/sqft
Source: Maine Listings #1546895 Report a problem
11/12/2022	Price change	$180,000-7.7%$103/sqft
Source: Maine Listings #1546895 Report a problem
10/27/2022	Listed for sale	$195,000$112/sqft
Source: Maine Listings #1546895 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,675	$139,700
2023	$2,675 +10.9%	$139,700 +18.2%
2022	$2,411 +4.4%	$118,200 +14.1%
2021	$2,310	$103,600
2020	$2,310 +6.4%	$103,600 +9.7%
2019	$2,171 +5.7%	$94,400 +5.5%
2018	$2,054 +3.5%	$89,500 +1.7%
2017	$1,984 +2.5%	$88,000 +2.3%
2016	$1,935 +2.5%	$86,000
2015	$1,888 +2%	$86,000 +1.3%
2014	$1,851 +4.8%	$84,900
2013	$1,766 -8%	$84,900
2012	$1,919	$84,900