NOT LISTED FOR SALE

12 Preble St Gorham, ME 04038

Estimated Value: $660,431 - $739,000

5 Beds
4 Baths
3,490 Sq Ft
$202/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $700,000 $201 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,534/month

7 Days on Market

Highlights

  • Spa
  • Wood Flooring
  • Farmhouse Style Home
  • Village Elementary School Rated A-
  • Main Floor Bedroom
  • Attic

About This Home

As of August 2023

Welcome to 12 Preble St, the property that keeps giving! It's an amazing, in-town location on a double lot with tree lined, level backyard and extensive landscaping including privacy fencing, beautiful perennial gardens, with something always in bloom and the granite fire pit, perfect for gatherings. With a WalkScore of 81, it's convenient to all of Gorham Village. Even in the winter, you will take advantage of sidewalks cleared by the town!
The charm and craftsmanship of a 1900's home abounds with high ceilings, detailed molding, exposed beams, wide plank and picture frame wood floors. What is not typical of a 1900's home is the ample storage including walk-in closets and built in shelving.
With the majority of the 3,490 sq ft of living area and the potential of even more finished space in the attic, Unit 1 has much to offer; from the mudroom with hot tub, to the primary bedroom en suite with two porches, to the large kitchen with eat-in nook, to cozy living room ambiance with gas parlor stove and bay windows, to the in-law suite with its own kitchenette and bathroom, you will continue to be pleasantly surprised!
The 2 BR/1 BA apartment offers exposed beams, an eat-in kitchen with a farmer's kitchen sink and butcher block countertops, and laundry in-unit. The feature tenants will not forget is the loft that provides many opportunities including a home office, guest room, or an art or yoga studio.
Move right in, confident that the major systems have been recently updated with a brand new, energy efficient, natural gas furnace and newer heat-pump water heater and roof. So many possibilities; live in the expansive first unit and let rental income from unit 2 and the in-law suite pay your expenses, or utilize in-law suite for family, or as a home business, or take advantage of all the potential this property possesses as an investment and add a backyard ADU. Come see all that this property has to offer! Open Houses Friday, May 19th 5-7pm or Sunday, May 21, 1-3P

Last Agent to Sell the Property

Jennifer Whitehead

Dream Home Realty LLC Listed on: 05/15/2023

Last Buyer's Agent

Daniel Meuse

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,313

Year Built

  • Built in 1900

Lot Details

  • 0.49 Acre Lot
  • Landscaped
  • Level Lot

Home Design

  • Farmhouse Style Home
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,490 Sq Ft Home
  • 1 Fireplace
  • Laundry on main level
  • Attic

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms
  • Bathtub

Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Spa
  • Shed
  • Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 93
  • Assessor Parcel Number GRHM-000102-000093

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $12,434
  • Gross Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,313

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.49
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Main Street turn onto Elm St, take right onto Preble Street. 12 Preble St is on the right.
  • Above Grade Finished Sq Ft: 3490.0
  • Architectural Style: Farmhouse
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.49
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3490.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Exterior:Vinyl Siding: Yes
  • Roof:Metal: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 72000.0
  • Income Expenses Operating Expenses: 12434.0
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Amenities:Attic: Yes
  • Water Heater:Heat Pump2: Yes
  • Amenities:Hot Tub: Yes
  • Other Structures:Shed: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Private Spa: Yes
  • Has Basement: Dirt Floor, Interior Entry
  • Full Bathrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, Walk-In Closet(s), Primary Bedroom w/Bath

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch
  • Roof: Metal, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, 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: 21344.4
  • Parcel #: GRHM-000102-000093
  • Zoning: UR

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 72000.0
  • Annual Operating Expense: 12434.0

Tax Info

  • Tax Annual Amount: 6313.0
  • Tax Book Number: 35182
  • Tax Lot: 93
  • Tax Map Number: 102
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Aug 11, 2023
Sold by
Kigin Katherine M
Bought by
Ngo Bijath and Fouatoubanza Grace
Seller's Agent
Jennifer Whitehead
Dream Home Realty LLC
Buyer's Agent
Daniel Meuse
Keller Williams Realty
List Price
$599,900
Sold Price
$700,000
Premium/Discount to List
$100,100
16.69%
Total Days on Market
7
Current Estimated Value
$703,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,858
Avg. Annual Appreciation
0.30%
Original Mortgage
$659,085
Outstanding Balance
$646,379
Interest Rate
6.71%
Mortgage Type
FHA
Estimated Equity
$57,479
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Ngo Bijath $700,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ngo Bijath $659,085
Previous Owner Kigin Katherine $35,000
Previous Owner Kigin Katherine M $163,500
Previous Owner Kigin Katherine $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $700,000 +16.7% $201 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $599,900 -- $172 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

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 $7,222 $491,300 $114,600 $376,700
2023 $6,755 $491,300 $114,600 $376,700
2022 $6,313 $491,300 $114,600 $376,700
2021 $5,032 $259,400 $93,400 $166,000
2020 $4,929 $259,400 $93,400 $166,000
2019 $4,916 $259,400 $93,400 $166,000
2018 $4,721 $259,400 $93,400 $166,000
2017 $4,436 $259,400 $93,400 $166,000
2016 $4,410 $259,400 $93,400 $166,000
2015 $4,228 $259,400 $93,400 $166,000
2014 -- $222,800 $85,000 $137,800
2013 -- $222,800 $85,000 $137,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1558760

Maine Listings

APN: GRHM-000102-000093