NOT LISTED FOR SALE

111 Libby Ave Gorham, ME 04038

Estimated Value: $524,305 - $594,000

4 Beds
2 Baths
2,356 Sq Ft
$236/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $405,000 $172 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,369/month

3 Days on Market

Highlights

  • Deck
  • No HOA
  • Baseboard Heating
  • Narragansett Elementary School Rated A-
  • Forced Air Heating System
  • Level Lot

About This Home

As of September 2021

Well kept 2-unit close to town. Separate electric & water/sewer. Operating income listed is only for 1 unit. Home inspection has been done. Offers due by Sunday, 7/11 @ 7pm.

Last Agent to Sell the Property

Julie Chandler

PO-GO REALTY Listed on: 07/08/2021

Last Buyer's Agent

Jason Bisson

Cottage & Co Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,157

Year Built

  • Built in 2003

Lot Details

  • 0.46 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot

Home Design

  • Split Foyer
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Vinyl

Finished Basement

  • Walk-Out Basement
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Additional Features

  • 2 Full Bathrooms
  • Washer and Dryer Hookup
  • Deck

Listing and Financial Details

  • Legal Lot and Block 2 / 3
  • Assessor Parcel Number GRHM-000027-000003-000002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,757
  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,157

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.46
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1212.0
  • Architectural Style: Split Entry
  • Garage Yn: No
  • Year Built: 2003
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 321.7
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.46
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1212.0
  • Property Information:SqFt Finished Below Grade: 1144.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 15000.0
  • Income Expenses Operating Expenses: 7757.0
  • Location:Rural: Yes
  • Style:Split Entry: Yes
  • Advertising Remarks:Advertising Remarks: Well kept 2-unit close to town. Separate electric & water/sewer. Operating income listed is only for 1 unit.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Daylight, Finished, Walk-Out Access
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 1144.0
  • Flooring: Vinyl, Carpet

Exterior Features

  • Lot Features: Level, Open Lot, Near Town, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20037.6
  • Parcel #: GRHM-000027-000003-000002
  • Zoning: UR

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 15000.0
  • Annual Operating Expense: 7757.0

Tax Info

  • Tax Annual Amount: 4157.0
  • Tax Block: 3
  • Tax Lot: 2
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Sep 2, 2021
Sold by
Mason Jeffrey A and Mason Jane S
Bought by
Mitrovie Bojan
Seller's Agent
Julie Chandler
PO-GO REALTY
Buyer's Agent
Jason Bisson
Cottage & Co Real Estate
List Price
$389,900
Sold Price
$405,000
Premium/Discount to List
$15,100
3.87%
Current Estimated Value
$555,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,826
Avg. Annual Appreciation
7.46%
Original Mortgage
$392,755
Outstanding Balance
$356,844
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$198,982

Purchase Details

Closed on
Feb 15, 2005
Sold by
Mason Jeffrey A
Bought by
Mason Jeffrey A and Mason Jane S
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mitrovie Bojan -- None Available
Mason Jeffrey A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitrovie Bojan $392,755
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2021 09/02/21 Sold $405,000 +3.9% $172 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $389,900 -- $165 / Sq Ft
Source: Maine Listings

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 $5,789 $393,800 $102,900 $290,900
2023 $5,415 $393,800 $102,900 $290,900
2022 $5,060 $393,800 $102,900 $290,900
2021 $4,245 $218,800 $80,300 $138,500
2020 $4,157 $218,800 $80,300 $138,500
2019 $4,146 $218,800 $80,300 $138,500
2018 $3,982 $218,800 $80,300 $138,500
2017 $3,741 $218,800 $80,300 $138,500
2016 $3,718 $218,700 $80,200 $138,500
2015 $3,565 $218,700 $80,200 $138,500
2014 $3,322 $190,900 $73,800 $117,100
2013 $3,303 $190,900 $73,800 $117,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1499820

Maine Listings

APN: GRHM-000027-000003-000002