NOT LISTED FOR SALE

124 Gray Rd Gorham, ME 04038

Estimated Value: $536,000 - $705,264

4 Beds
4 Baths
2,280 Sq Ft
$267/Sq Ft Est. Value

Last Sold October 04, 2023

Last sale price $585,000 $257 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,793/month

11 Days on Market

Highlights

  • View of Trees or Woods
  • 2.7 Acre Lot
  • Wood Flooring
  • Great Falls Elementary School Rated A-
  • Deck
  • No HOA

About This Home

As of October 2023

Remarkable townhouse style duplex built in 2013! Picture-perfect setup with separate electric, individual gas meters & heating systems with on demand hot water, full basements for storage, rear decks and plenty of paved parking. Investment or occupy one side with income towards your monthly payments. Two-bedroom units with 1.5 bathrooms offering 1140SF per unit. Hardwood and tile on first floors. Primary bedroom with cathedral ceilings and walk-in closets. Quality construction built by reputable Risbara Brothers Construction. Landlords can appreciate worry free public water, sewer & individual gas meters. Walking distance to Gorham Village, Narragansett School and a huge network of multipurpose trails on the Tannery Brook Property and The Chick Property.

Last Agent to Sell the Property

Peter Mason

PO-GO REALTY Listed on: 08/11/2023

Last Buyer's Agent

Fay Saxby

Keller Williams Realty

Keller Williams Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,905

Year Built

  • Built in 2013

Lot Details

  • 2.7

Home Design

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

Interior Spaces

  • 2,280 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Underground Utilities
  • Water Heated On Demand
  • Internet Available

Additional Features

  • Deck
  • Landscaped
  • City Lot

Listing and Financial Details

  • Exclusions: anything owned by tenants
  • Tax Lot 8
  • Assessor Parcel Number GRHM-000046-000008

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $9,647
  • Gross Income $36,600

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,905

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.7
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main Street to Gray Road go 1.1 miles to #124 on left just after the Gorham Savings Bank Operations Center.
  • Above Grade Finished Sq Ft: 2280.0
  • Architectural Style: Townhouse
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 2013
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.7
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2280.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:On Demand: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 36600.0
  • Income Expenses Operating Expenses: 9646.58
  • Parking:On Site2: Yes
  • Property Information:Short Sale Continue to Show: No
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Electric:Underground: Yes
  • Style:Townhouse: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Has Basement: Daylight, Full, Doghouse, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Tile, Carpet
  • Interior Amenities: Walk-In Closet(s), Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Landscaped, Intown
  • View: Trees/Woods
  • Waterfront: No
  • Exclusions: anything owned by tenants
  • 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: Paved, On Site

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Gorham Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 117612.0
  • Parcel #: GRHM-000046-000008
  • Zoning: Urban Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 36600.0
  • Annual Operating Expense: 9646.58

Tax Info

  • Tax Annual Amount: 5905.0
  • Tax Book Number: 23207
  • Tax Lot: 8
  • Tax Map Number: 46
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Oct 4, 2023
Sold by
Cresseys Apt Gray Rd Llc
Bought by
Saxby Thomas R and Saxby Fay A
Seller's Agent
Peter Mason
PO-GO REALTY
Buyer's Agent
Fay Saxby
Keller Williams Realty
List Price
$599,000
Sold Price
$585,000
Premium/Discount to List
-$14,000
-2.34%
Current Estimated Value
$609,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,316
Avg. Annual Appreciation
2.15%
Original Mortgage
$468,000
Outstanding Balance
$460,645
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$149,681
Source: Public Records

Range of Values:

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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
Saxby Thomas R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saxby Thomas R $468,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2023 10/04/23 Sold $585,000 -2.3% $257 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $599,000 -- $263 / 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 $6,755 $459,500 $85,200 $374,300
2023 $6,318 $459,500 $85,200 $374,300
2022 $5,905 $459,500 $85,200 $374,300
2021 $4,904 $252,800 $71,100 $181,700
2020 $4,803 $252,800 $71,100 $181,700
2019 $15,732 $830,200 $325,600 $504,600
2018 $15,110 $830,200 $325,600 $504,600
2017 $14,196 $830,200 $325,600 $504,600
2016 $14,107 $829,800 $325,200 $504,600
2015 $13,526 $829,800 $325,200 $504,600
2014 $11,220 $644,800 $202,100 $442,700
2013 $7,536 $435,600 $202,100 $233,500
Source: Public Records

Agents Affiliated with this Home

  • Peter Mason

    Seller's Agent in 2023

    Peter Mason

    PO-GO REALTY

    (207) 632-8822

    119 in this area

    336 Total Sales

    Peter Mason
    Section Image

  • F

    Buyer's Agent in 2023

    Fay Saxby

    Keller Williams Realty

    (207) 272-5998

    2 in this area

    12 Total Sales

    Fay Saxby
    Section Image
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Map

Source: Maine Listings

MLS Number: 1568392

Maine Listings

APN: GRHM-000046-000008

Maine Cumberland County Gorham 04038

124 Gray Rd, Gorham, ME

This home is located at 124 Gray Rd, Gorham, ME 04038 since 11 August 2023 and is currently estimated at $609,316, approximately $267 per square foot. This property was built in 2013. 124 Gray Rd is a home located in Cumberland County with nearby schools including Great Falls Elementary School, Gorham Middle School, and Gorham High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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