NOT LISTED FOR SALE

111 Libby Ave Gorham, ME 04038

Estimated Value: $523,690 - $551,000

4 Beds
2 Baths
2,356 Sq Ft
$229/Sq Ft Est. Value

Sale Details

Date Sold: September 2, 2021

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

Est. 33% increase in value since last sale

Current estimated payment $3,369 / mo

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

  • 20,038 Sq Ft 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

0.46 Acres

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
$540,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,673
Avg. Annual Appreciation
6.33%
Original Mortgage
$392,755
Outstanding Balance
$352,876
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$187,797

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,828 $393,800 $102,900 $290,900
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

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