NOT LISTED FOR SALE

16 Gray Rd Palmyra, ME 04965

Estimated Value: $202,000 - $285,319

2 Beds
2 Baths
1,276 Sq Ft
$197/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $165,000 $129 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,507/month

66 Days on Market

Highlights

  • View of Trees or Woods
  • Mud Room
  • No HOA
  • Ranch Style House
  • Butcher Block Countertops
  • Subterranean Parking

About This Home

As of December 2022

This home is awaiting your finishing touches!! This new home was started in the second half of 2020 and built upon a foundation already in place. This home offers the right buyer the opportunity for a beautiful home with a bit of sweet equity. Much has been done but finish work remains to be completed. Open concept kitchen, dining and living room, spacious mudroom, 2 bedrooms and 2 baths (one completed and one to be completed). Primary bedroom offers walk-in closet and private bath to be finished. Full basement, accessible from the outside, offers plenty of storage and future potential. Many materials needed to complete home are onsite and will remain with the sale. Conveniently located with easy access to shopping, dining, I-95, etc. Half hour to Bangor or less, same for the Waterville area. Great opportunity for the buyer unafraid of handling the finishing details.

Last Agent to Sell the Property

Bart Stevens

Century 21 Nason Realty Listed on: 09/02/2022

Century 21 Nason Realty

Last Buyer's Agent

Samantha Bartlett

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $783

Year Built

  • Built in 2020

Lot Details

  • 1.16 Acre Lot
  • Rural Setting
  • Open Lot
  • Lot Has A Rolling Slope

Parking

  • 1 Car Garage
  • Gravel Driveway
  • On-Street Parking

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,276 Sq Ft Home
  • Low Emissivity Windows
  • Mud Room
  • Living Room
  • Laminate Flooring
  • Views of Woods

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Butcher Block Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

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

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 88-1
  • Assessor Parcel Number PALA-000005-000088-000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$783

Year Built

Built in 2020

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.16
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Newport head west on Rte. 2, Gray Road on the right about 1 mile beyond Walmart. Second lot on left.
  • Above Grade Finished Sq Ft: 1276.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Efficiency: Low E Windows
  • Year Built: 2020
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.16
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1276.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Heat Fuel:Oil: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Walk-Out: Yes
  • Property Information:Garage Spaces: 1.0
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Kitchen Amenities:Eat-in Kitchen: Yes
  • Living Room:Living Room: Yes
  • Room Features:Eat-in Kitchen2: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Mud Room:Mud Room: Yes
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • View:TreesWoods: Yes
  • Site:RollingSloping: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Low E Windows: Yes
  • View:Fields: Yes
  • Basement Entry:Exterior Only: Yes
  • Vehicle Storage:Under: Yes
  • Parking:On Street: Yes
  • Kitchen Countertop:Butcher Block: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range, Dishwasher
  • Has Basement: Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Near Shopping, Rural
  • View: Fields, Trees/Woods
  • Waterfront: No
  • Construction Type: Other, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Gravel, Underground, On Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Hot Water, Heat Pump, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 50529.6
  • Parcel #: PALA-000005-000088-000001
  • Zoning: none

Tax Info

  • Tax Annual Amount: 783.0
  • Tax Book Number: 5546
  • Tax Lot: 88-1
  • Tax Map Number: 5
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2022
Closed on
Dec 16, 2022
Sold by
Nelson Wendy S and Dyer Timothy J
Bought by
Glencross Brittney
Seller's Agent
Bart Stevens
Century 21 Nason Realty
Buyer's Agent
Samantha Bartlett
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$219,000
Sold Price
$165,000
Premium/Discount to List
-$54,000
-24.66%
Current Estimated Value
$251,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,080
Avg. Annual Appreciation
11.60%
Original Mortgage
$200,000
Outstanding Balance
$194,983
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$27,430
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
Glencross Brittney $165,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glencross Brittney $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $165,000 -7.8% $129 / Sq Ft
11/03/2022 11/03/22 Price Changed $179,000 -18.3% $140 / Sq Ft
09/02/2022 09/02/22 For Sale $219,000 +606.5% $172 / Sq Ft
05/18/2020 05/18/20 Sold $31,000 -18.4% --
05/09/2020 05/09/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $38,000 +111.1% --
09/12/2018 09/12/18 Sold $18,000 -45.5% --
08/28/2018 08/28/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $33,000 -- --
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 $1,693 $153,950 $28,160 $125,790
2023 $1,904 $173,130 $28,160 $144,970
2022 $899 $52,900 $21,600 $31,300
2021 $939 $52,900 $21,600 $31,300
2020 $457 $25,400 $21,600 $3,800
2019 $447 $25,400 $21,600 $3,800
2018 $345 $18,400 $18,400 $0
2017 $331 $18,400 $18,400 $0
2016 $1,147 $64,600 $15,600 $49,000
2015 $1,072 $64,600 $15,600 $49,000
2012 $969 $64,600 $15,600 $49,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1542002

Maine Listings

APN: PALA-000005-000088-000001