Comparative Market Analysis

1242 Essex Street
Bangor, ME 04401

What your home is worth today, what it should be worth in summer 2027, and the pricing plan to get you the strongest sale.

Prepared for William OsborneBy Jon Hyatt, Broker · eXp RealtyOctober 29, 2026
Market value today$395k – $425kPoint estimate about $410,000
Projected value, summer 2027$400k – $430kAssumes 0–2% appreciation
Suggested list price$424,900For an early June 2027 launch
Expected sale price$405k – $420kNet of any seller concessions
01 · Your home

Subject property

Owner-reported features checked against local MLS sold data and public records, including the City of Bangor assessing record.

ItemToday (owner-reported)Records (2007 MLS sale and city assessor)Note
Style / year built1985 CapeCape Cod, built 1985Matches
Living area2,187 sq ft2,187 sq ftMatches
Bedrooms33Matches
Bathrooms2 full; half bath converted, both remodeled1 full + 1 halfRecords predate the conversion
Lot4.7 acres4.7 acres; house set back about 220 ft from the roadMatches
HeatRadiantRadiant zoned hot water; bottled gas, oil and woodMatches
Garage / poolAttached garage; in-ground poolAttached garage; in-ground pool and patioMatches
Utilities—Private well and septic, paved road—
Last saleSeptember 2007, $272,000Closed Aug 31, 2007, $272,000Date differs slightly
2026 assessment—$445,100 (land $59,100; building $386,000)—
Condition assumptionThe interior has not been inspected for this report. It assumes the home is in average-to-good condition: both baths remodeled and new flooring and carpet, as the owner describes, with original-age systems otherwise. No condition adjustment is applied against comparable homes in typical condition. A walk-through could move the value either way.
02 · Comparable sales

10 closed sales nearby

Closed sales from July 2025 to June 2026 in Bangor, Glenburn, Hermon and Orono. Net price is the sale price minus seller-paid concessions. Source: local MLS sold data and public records.

AddressTownSale dateSale priceConcessionsNet priceSq ftAcresStyle / builtBeds / baths
1699 Ohio StBangorMar 6, 2026$412,000$10,000$402,0002,2401.40Cape Cod, 1900 (updated)3 / 2
1234 Essex StBangorJan 9, 2026$364,000$0$364,0001,9010.78Cape Cod, 19873 / 2
287 Hudson RdGlenburnJun 26, 2026$425,000$8,000$417,0001,8725.00Gambrel, 19903 / 2
39 Maple Leaf LnHermonSep 18, 2025$429,000$5,000$424,0002,1871.90Cape Cod, 20103 / 2
2914 Route 2HermonMay 22, 2026$369,000$5,000$364,0002,2401.15Cape Cod, 2000 (remodeled 2022)4 / 2
97 Forest AveOronoOct 23, 2025$399,000$5,000$394,0002,3641.57Cape Cod, 19604 / 2.5
60 Evergreen DrHermonAug 15, 2025$499,900$0$499,9002,0531.38Cape Cod, 19884 / 2
2485 BroadwayBangorApr 21, 2026$345,000$0$345,0002,2007.00Cape Cod, 19254 / 2
102 Church RdBangorJul 12, 2025$351,000$15,000$336,0001,7921.60Ranch, 20013 / 2
220 Church RdBangorSep 29, 2025$470,000$0$470,0002,71013.88Contemporary ranch, 19873 / 3

Also reviewed but not used: 631 Essex St, which sold Jul 2026 for $348,500. It's a 1,500 sq ft ranch on 0.76 acres, too small to compare. 1647 Broadway sold Sep 2025 for $525,000 on 27 acres, too dissimilar. 309 Pushaw Rd sold Apr 2025, outside the 18-month window.

03 · Adjustments

Adjusting each sale to your home

Each comparable's net price is adjusted toward your home. A plus means your home is superior on that item.

Swipe the table sideways to see every column →

ComparableNet priceLiving areaBathsBedroomsAcreagePoolGarageAge / condition / otherNet adj.Adjusted value
1699 Ohio St$402,000−$2,600$0$0+$13,200+$10,000$0−$10,000 (barn, solar, generator)+$10,600$412,600
1234 Essex St$364,000+$14,300$0$0+$15,700+$10,000$0$0+$40,000$404,000
287 Hudson Rd$417,000+$15,800$0$0−$1,200+$10,000−$5,000 (3-car)$0+$19,600$436,600
39 Maple Leaf Ln$424,000$0$0$0+$11,200+$10,000$0−$15,000 (built 2010)+$6,200$430,200
2914 Route 2$364,000−$2,600$0−$5,000+$14,200+$10,000$0−$15,000 (full 2022 remodel)+$1,600$365,600
97 Forest Ave$394,000−$8,800−$4,000−$5,000+$12,500+$10,000$0+$5,000 (built 1960)+$9,700$403,700
60 Evergreen Dr$499,900+$6,700$0−$5,000+$13,300+$10,000$0$0+$25,000$524,900
2485 Broadway$345,000−$600$0−$5,000−$9,200+$10,000+$15,000 (no garage)+$10,000 (built 1925)+$20,200$365,200
102 Church Rd$336,000+$19,800$0$0+$12,400+$10,000$0−$5,000 (built 2001)+$37,200$373,200
220 Church Rd$470,000−$26,200−$7,500$0−$28,400+$10,000$0−$5,000 (barn)−$57,100$412,900

Living area

$50 per sq ft of difference from 2,187 sq ft

Baths / bedrooms

$7,500 per full bath, $4,000 per half bath, $5,000 for a 4th bedroom

Acreage

$4,000 per acre for the first 5 acres of difference, $2,000 per acre beyond that

In-ground pool

+$10,000, a modest amount because Maine's short swim season limits pool premiums. None of the comps has a pool.

Garage

+$15,000 if the comp has no garage; −$5,000 for a larger 3-car garage

Age / condition

−$15,000 for a much newer or fully remodeled home; +$5,000 to +$10,000 for a much older home

Market timeNo time adjustment; Penobscot County median prices were essentially flat (+0.7%) year over year.
04 · Value conclusion

Market value today: $395,000 – $425,000

Point estimate about $410,000. Most weight goes to the four closest matches.

$365k – $437kAdjusted range, 9 compsExcluding the 60 Evergreen Dr outlier
$408,000Median, all 10 comps
$421,000Average, 4 closest compsOhio, Essex, Hudson, Maple Leaf
$410,000Reconciled point value

Adjusted value of each comparable sale

Shaded band = market value range ($395,000 – $425,000); dark line = $410,000 point value.

2485 Broadway
$365,200
2914 Route 2
$365,600
102 Church Rd
$373,200
97 Forest Ave
$403,700
1234 Essex St closest
$404,000
1699 Ohio St closest
$412,600
220 Church Rd
$412,900
39 Maple Leaf Ln closest
$430,200
287 Hudson Rd closest
$436,600
60 Evergreen Dr outlier
$524,900
Closest matches (most weight)Other compsOutlier
39 Maple Leaf Ln, HermonSame-size Cape$430,200
1699 Ohio StUpdated Cape$412,600
1234 Essex StNext-door Cape$404,000
287 Hudson Rd, Glenburn5 acres$436,600

Three lower sales (2914 Route 2, 2485 Broadway and 102 Church Rd) adjust to about $365,000 to $373,000 and hold the bottom of the range down. 60 Evergreen Dr sold at full price in 7 days and adjusts to about $525,000, so it is treated as an outlier.

05 · Competition

What buyers are choosing right now

Active, pending and under-contract homes in the Bangor area, late October 2026.

AddressTownStatusPriceNotes
66 Merryman RdGlenburnPending$399,000Cape on 6.19 acres
141 Kittredge RdBangorPending$399,000—
57 Homsted LnHermonUnder contract$399,500—
87 New Boston RdBangorActive$390,000—
9 Pine Grove AveGlenburnActive$409,000Cape
74 Smith RdHermonActive$412,000—
Several othersBangor areaActive$435,000 – $530,000Mostly ranches and colonials

Buyers are committing at about $399,000 to $412,000 right now, including a Glenburn Cape on 6 acres. Most homes asking $435,000 and up are larger ranches and colonials. That supports pricing your home in the mid-$420s and not higher.

06 · Summer 2027 plan

The strategy for a summer 2027 sale

Projected value, summer 2027$400k – $430k0% to 2% appreciation through June 2027
List early June 2027$424,900Under the $425,000 search break
Expected sale$405k – $420kNet of any seller concessions
1

Winter–spring 2027: prepare

Have the assessing record updated to 2 full baths. Gather receipts for the bath remodels and flooring, plus service records for the heating system, pool, well and septic.

2

May 2027: open the pool and finish the grounds

The pool, the patio and 4.7 private acres set this home apart from every recent comparable sale, so show them in full summer condition.

3

Early June 2027: list at $424,900

This keeps the home under the $425,000 search break and just above the current wave of $399,000–$412,000 contracts.

4

Weeks 3–4: review the market response

Recent sales that started too high sat 105–160 days and still sold below list. If showings are light after about 21 days, adjust to about $414,900.

5

Expected outcome

A sale netting $405,000 to $420,000. Most recent buyers asked for $5,000 to $10,000 in closing-cost help, so plan for that in negotiations.

Market outlook

Maine Listings reports Penobscot County's July–September 2026 median sale price at $290,000, up 0.69% from a year earlier. Statewide prices rose 2.4% over the same quarter, and Redfin shows Bangor's three-month median down 5.9% year over year. Mortgage rates are at three-year highs, and inventory is rising. This report assumes 0% to 2% appreciation through June 2027, which gives a projected value of $400,000 to $430,000.
07 · Sources

Market sources

Comparable sales and competing listings come from local MLS sold data and public records, including City of Bangor assessing data.

Not an appraisal.This comparative market analysis is a broker opinion of value prepared for marketing purposes only. It is not an appraisal and should not be used for lending. It relies on local MLS sold data and public records believed to be reliable but not guaranteed, and the home's interior, pool and systems have not been inspected. Values may change with market conditions before a summer 2027 listing.
Jon HyattREO certified
Next step

Let's plan your summer 2027 sale, William.

A quick walk-through lets me firm up the condition assumption and fine-tune this range. Pick a time that works for you.