NOT LISTED FOR SALE

16 Elm St Gorham, ME 04038

Estimated Value: $459,000 - $560,000

4 Beds
2 Baths
1,968 Sq Ft
$262/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $325,000 $165 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,242/month

45 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Baseboard Heating
  • Village Elementary School Rated A-
  • No HOA
  • Level Lot

About This Home

As of March 2020

This is an amazing opportunity to own a 2 family home in the heart of Gorham! Just steps to USM, Hannafords, and countless restaurants and shops, this location is hard to pass up. Urban commercial zoning greatly increases your ability to get creative with this property!

Last Agent to Sell the Property

Jeffrey Mateja

Keller Williams Realty Listed on: 11/27/2019

Keller Williams Realty

Co-Listed By

Luke Morris

Keller Williams Realty

Last Buyer's Agent

Joel McIlwain

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,887

Year Built

  • Built in 1963

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,968 Sq Ft Home
  • Wood Flooring

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 164
  • Assessor Parcel Number GRHM-000102-000164

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,887

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2957
  • Co List Office Phone: 207-553-2605
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1968.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1963
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1968.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 2
  • Style:Colonial: Yes
  • Gas:Natural - At Street: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Suburban
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 8712.0
  • Parcel #: GRHM-000102-000164
  • Zoning: UC

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3887.0
  • Tax Book Number: 20933
  • Tax Lot: 164
  • Tax Map Number: 102
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2021
Sold by
Roderick Ryan P
Bought by
Roderick Ryan P and Tempesta Ashley E
Current Estimated Value
$515,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Outstanding Balance
$279,916
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$243,946

Purchase Details

Listed on
Nov 27, 2019
Closed on
Mar 12, 2020
Sold by
Maniscalco Margaret and Maniscalco Paul
Bought by
Roderick Ryan P
Seller's Agent
Jeffrey Mateja
Keller Williams Realty
Buyer's Agent
Joel McIlwain
Keller Williams Realty
List Price
$349,900
Sold Price
$325,000
Premium/Discount to List
-$24,900
-7.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%
Original Mortgage
$308,750
Interest Rate
3.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Roderick Ryan P -- None Available
Roderick Ryan P -- None Available
Roderick Ryan P -- None Available
Roderick Ryan P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roderick Ryan P $80,000
Open Roderick Ryan P $311,000
Closed Roderick Ryan P $311,000
Previous Owner Roderick Ryan P $308,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2020 03/12/20 Sold $325,000 -7.1% $165 / Sq Ft
01/12/2020 01/12/20 Pending -- -- --
11/27/2019 11/27/19 For Sale $349,900 -- $178 / 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 $5,194 $353,300 $126,100 $227,200
2023 $4,858 $353,300 $126,100 $227,200
2022 $4,540 $353,300 $126,100 $227,200
2021 $3,979 $205,100 $90,000 $115,100
2020 $3,897 $205,100 $90,000 $115,100
2019 $3,887 $205,100 $90,000 $115,100
2018 $3,376 $205,100 $90,000 $115,100
2017 $3,507 $205,100 $90,000 $115,100
2016 $3,487 $205,100 $90,000 $115,100
2015 $3,343 $205,100 $90,000 $115,100
2014 $3,129 $179,800 $76,600 $103,200
2013 $3,111 $179,800 $76,600 $103,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1439961

Maine Listings

APN: GRHM-000102-000164