$493,000
SOLD OCT 16, 2024

16 Balsam Ln Gorham, ME 04038

4 Beds
2.5 Baths
1,489 Sq Ft
1.4 Acres

Recently Sold

$331 Per Sq Ft

1% Below List Price

5 Days on Market

Highlights

  • View of Trees or Woods
  • Deck
  • Ranch Style House
  • Village Elementary School Rated A-
  • Wooded Lot
  • Wood Flooring

About This Home

As of October 2024

Nestled on 1.4 acres of serene, private land with a large yard and deck overlooking a tranquil stream, this beautifully renovated 4-bedroom, 2.5-bathroom home offers a perfect blend of modern comfort and natural beauty. The main floor features an open-concept design, including a fully renovated kitchen with custom cabinetry, pantry, induction stove, and stunning quartz countertops. The spacious primary suite boasts double closets and an en suite bathroom with custom tile work. The first floor is rounded out by a large living room, two additional bedrooms, and a full bathroom, making one-floor living possible. The walkout basement is filled with natural light, offering a brand new office space, a convenient half-bathroom, and a gear room perfect for outdoor or sports enthusiasts. Recent renovations include a new roof and the addition of heat pumps throughout the home for efficient heating and cooling. Fully pre-inspected and ready to move in, this home offers comfort, style, and a connection to nature all in one.

Last Agent to Sell the Property

Kaili Moore

Portside Real Estate Group Listed on: 09/19/2024

Last Buyer's Agent

Bridget King Jason Miller

King + Miller Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,914

Year Built

  • Built in 1997

Lot Details

  • 1.4 Acre Lot
  • Landscaped
  • Level Lot
  • Wooded Lot

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Living Room
  • Views of Woods

Kitchen

  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Bathtub
  • Shower Only

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Generator Hookup
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Septic System
  • Private Sewer

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Legal Lot and Block 1 / 12
  • Assessor Parcel Number GRHM-000074-000012-000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,914

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.4
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1144.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Year Built: 1997
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.4
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1144.0
  • Property Information:SqFt Finished Below Grade: 345.0
  • 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
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Kitchen Countertop:Quartz: Yes
  • Electric:Generator Hookup: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Microwave, Disposal, Dishwasher
  • Has Basement: Finished, Full, Interior Entry, Walk-Out Access
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 345.0
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living, Pantry, Shower, Storage, Primary Bedroom w/Bath
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Bedroom 4 Level: Basement
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Level, Landscaped, Wooded, Near Shopping, Near Town, Neighborhood
  • View: Trees/Woods
  • 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, Off Street

Utilities

  • Cooling: None, Heat Pump
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Generator Hookup, Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 60984.0
  • Parcel #: GRHM-000074-000012-000001
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 4914.0
  • Tax Block: 12
  • Tax Book Number: 38011
  • Tax Lot: 1
  • Tax Map Number: 74
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 16, 2024
Sold by
Buckman Neil and Aguilar Jessica
Bought by
Mcgonagle Steven
Seller's Agent
Kaili Moore
Portside Real Estate Group
Buyer's Agent
Bridget King Jason Miller
King + Miller Real Estate
List Price
$499,900
Sold Price
$493,000
Premium/Discount to List
-$6,900
-1.38%
Total Days on Market
5
Views
43
Current Estimated Value
$506,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,961
Avg. Annual Appreciation
0.97%
Original Mortgage
$468,350
Outstanding Balance
$465,700
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$31,073

Purchase Details

Listed on
Feb 4, 2021
Closed on
Mar 31, 2021
Sold by
Cruz Meghan E and Cruz Robert
Bought by
Buckman Neil and Aguilar Jessica
Seller's Agent
Doug Schauf
RE/MAX Oceanside
Buyer's Agent
Kaili Moore
Portside Real Estate Group
List Price
$312,000
Sold Price
$350,000
Premium/Discount to List
$38,000
12.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Original Mortgage
$280,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 5, 2017
Closed on
Jul 24, 2017
Sold by
Hall Philip
Bought by
Cruz Meghan E and Cruz Robert
Seller's Agent
John Harmon John Carroll
Bean Group
Buyer's Agent
Doug Schauf
RE/MAX Oceanside
List Price
$269,900
Sold Price
$267,000
Premium/Discount to List
-$2,900
-1.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Original Mortgage
$272,740
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2017
Sold by
Haley Courtney M and Bell Scott A
Bought by
Hall Philip

Purchase Details

Closed on
Sep 2, 2009
Sold by
Estes Kevin A and Estes Cynthia L
Bought by
Haley Courtney M and Bell Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,612
Interest Rate
5.21%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,350 Purchase Money Mortgage
Closed $468,350 Purchase Money Mortgage
Previous Owner $280,000 Purchase Money Mortgage
Previous Owner $272,740 New Conventional
Previous Owner $179,415 FHA
Previous Owner $183,612 FHA
Previous Owner $35,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Sold $493,000 -1.4% $331 / Sq Ft
09/24/2024 09/24/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $499,900 +42.8% $336 / Sq Ft
03/31/2021 03/31/21 Sold $350,000 +12.2% $306 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $312,000 +16.9% $273 / Sq Ft
07/20/2017 07/20/17 Sold $267,000 -1.1% $233 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $269,900 -- $236 / 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 $5,254 $357,400 $75,200 $282,200
2023 $4,914 $357,400 $75,200 $282,200
2022 $4,593 $357,400 $75,200 $282,200
2021 $3,634 $187,300 $63,800 $123,500
2020 $3,559 $187,300 $63,800 $123,500
2019 $3,549 $187,300 $63,800 $123,500
2018 $3,409 $187,300 $63,800 $123,500
2017 $3,203 $187,300 $63,800 $123,500
2016 $3,184 $187,300 $63,800 $123,500
2015 $3,053 $187,300 $63,800 $123,500
2014 $2,627 $151,000 $57,700 $93,300
2013 $2,612 $151,000 $57,700 $93,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1604357

Maine Listings

APN: GRHM-000074-000012-000001