NOT LISTED FOR SALE

16 Rainbow Ln Gorham, ME 04038

North Gorham Neighborhood

Estimated Value: $438,000 - $476,008

4 Beds
1 Bath
2,096 Sq Ft
$219/Sq Ft Est. Value

Last Sold April 22, 2016

Last sale price $202,500 $97 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $2,945/month

284 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • No HOA
  • Great Falls Elementary School Rated A-
  • Wood Flooring
  • Bathtub

About This Home

As of April 2016

Immaculate and ready to move into. Absolutely nothing needs to be done to this home. Quiet and peaceful neighborhood, new paint throughout. Large family room and much more. Needs to be seen!

Last Agent to Sell the Property

Stephen Morgan

Bean Group Listed on: 06/11/2015

Last Buyer's Agent

Michael L'Heureu

Better Homes & Gardens Real Estate/The Masiello Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,540

Year Built

  • Built in 1987

Lot Details

  • 0.5 Acre Lot
  • Rural Setting
  • Landscaped
  • Lot Has A Rolling Slope
  • Property is zoned SR

Home Design

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

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 29-1
  • Assessor Parcel Number GRHM-000097-000029-000001

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,540

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: River Road to North Gorham Road, Left on North Gorham Rd., Rainbow Lane on right
  • Above Grade Finished Sq Ft: 1144.0
  • Architectural Style: Ranch
  • Year Built: 1987
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.5
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1144.0
  • Property Information:SqFt Finished Below Grade: 952.0
  • 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:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Roof:Pitched: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Electric Range, Dryer, Dishwasher
  • Has Basement: Finished, Full, Interior Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 952.0
  • Interior Amenities: Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Rolling Slope, Landscaped, Neighborhood, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 21780.0
  • Parcel #: GRHM-000097-000029-000001
  • Zoning: SR

Tax Info

  • Tax Annual Amount: 2540.0
  • Tax Book Number: 26870
  • Tax Lot: 29-1
  • Tax Map Number: 97
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2024
Sold by
Rowe Patricia H
Bought by
Rowe Faith A
Current Estimated Value
$460,395

Purchase Details

Listed on
Jun 11, 2015
Closed on
Apr 26, 2016
Sold by
Morgan Jason R
Bought by
Rowe David H and Rowe Patricia H
Seller's Agent
Stephen Morgan
Bean Group
Buyer's Agent
Michael L'Heureu
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$220,000
Sold Price
$202,500
Premium/Discount to List
-$17,500
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%
Original Mortgage
$50,000
Interest Rate
3.58%
Mortgage Type
Unknown

Purchase Details

Closed on
May 7, 2009
Sold by
Robichaud Beatrice M and Robichaud Patrick A M
Bought by
Morgan Jason R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 23, 2007
Sold by
Mcgonagle Timothy J
Bought by
Robichaud Beatrice M and Matthew-Robichaud Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
6.23%
Mortgage Type
Unknown
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
Rowe Faith A -- None Available
Rowe Faith A -- None Available
Rowe David H -- --
Morgan Jason R -- --
Robichaud Beatrice M -- --
Rowe David H -- --
Morgan Jason R -- --
Robichaud Beatrice M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rowe David H $70,000
Previous Owner Rowe David H $50,000
Previous Owner Robichaud Beatrice M $165,000
Previous Owner Robichaud Beatrice M $206,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2016 04/22/16 Sold $202,500 -8.0% $97 / Sq Ft
03/22/2016 03/22/16 Pending -- -- --
06/11/2015 06/11/15 For Sale $220,000 -- $105 / 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 $5,086 $346,000 $69,500 $276,500
2023 $4,758 $346,000 $69,500 $276,500
2022 $4,446 $346,000 $69,500 $276,500
2021 $3,412 $175,900 $50,300 $125,600
2020 $3,342 $175,900 $50,300 $125,600
2019 $3,134 $165,400 $50,300 $115,100
2018 $3,010 $165,400 $50,300 $115,100
2017 $2,654 $155,200 $50,300 $104,900
2016 $2,553 $150,200 $50,300 $99,900
2015 $2,448 $150,200 $50,300 $99,900
2014 $2,540 $146,000 $54,700 $91,300
2013 $2,526 $146,000 $54,700 $91,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Stephen Morgan

    Bean Group

    Section Image

  • M

    Buyer's Agent in 2016

    Michael L'Heureu

    Better Homes & Gardens Real Estate/The Masiello Group

  • M

    Buyer's Agent in 2016

    Michael L'Heureux

    Keller Williams Realty

    Section Image
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Map

Source: Maine Listings

MLS Number: 1222607

Maine Listings

APN: GRHM-000097-000029-000001

Maine Cumberland County Gorham 04038 North Gorham

16 Rainbow Ln, Gorham, ME

This home is located at 16 Rainbow Ln, Gorham, ME 04038 since 11 June 2015 and is currently estimated at $460,002, approximately $219 per square foot. This property was built in 1987. 16 Rainbow Ln is a home located in Cumberland County with nearby schools including Great Falls Elementary School, Gorham Middle School, and Gorham High School.

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