NOT LISTED FOR SALE

197 Brackett Rd Gorham, ME 04038

Estimated Value: $584,000 - $741,000

5 Beds
2 Baths
1,874 Sq Ft
$364/Sq Ft Est. Value

Last Sold October 18, 2024

Last sale price $687,000 $367 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,008/month

17 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Nearby Water Access
  • Country Club
  • Gorham High School Rated 9+
  • Public Beach
  • View of Trees or Woods

About This Home

As of October 2024

Looking for a Family Compound? One of a kind 2 unit on a 4 acre parcel with a nicely wooded buildable lot on the Stroudwater River. Country setting on a gorgeous lot to enjoy play time, entertaining, campfires and wildlife. Spacious 2 bedroom units on each floor each with decks for added enjoyment. Originally this building was a Gunpowder Mill called Gunpowder of Maine. After it closed it was converted into a Residential property in the 1920s. Lot is being split off of a larger parcel. Great family compound possibility .
Seller concessional available.

Last Agent to Sell the Property

Helen La Count

Keller Williams Realty Listed on: 09/11/2024

Keller Williams Realty

Co-Listed By

Spencer La Count

Keller Williams Realty

Last Buyer's Agent

Sarah Msuya

Dream Home Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,685

Year Built

  • Built in 1800

Lot Details

  • 4 Acre Lot
  • 200 Feet of Waterfront
  • River Front
  • Public Beach
  • Level Lot
  • Open Lot
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,874 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Laundry on main level

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby
  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer

Additional Features

  • Property is near a golf course
  • Pasture

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number GRHM-000007-000016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $7,500
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,685

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 4.0
  • Road Surface Type: Paved
  • Water Body Name: Stroudwater River
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Directions: Saco Street to Brackett Road. Property will be on the left- looks for 2 black mailboxes.
  • Above Grade Finished Sq Ft: 1874.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1800
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 386.87
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 4.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1874.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 36000.0
  • Income Expenses Operating Expenses: 7500.0
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Water Info:Waterfront Amount -: 200.0
  • Water Info:Water Frontage Owned -: 200.0
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Location:Near Country Club: Yes
  • View:Fields: Yes
  • Site:PastureField: Yes
  • Basement:Sump Pump: Yes
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: One of a kind 2 unit on a 4 acre parcel with a nicely wooded buildable lot on the Stroudwater River. Country setting on a gorgeous lot to enjoy play time, entertaining, campfires and wildlife. Spacious 2 bedroom units on each floor each with decks for added enjoyment. Originally this building was a Gunpowder Mill called Gunpowder of Maine. After it closed it was converted into a Residential property in the 1920s. Lot is being split off of a larger parcel. Great family compound possibility . Seller concessional available.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Bulkhead, Full, Sump Pump, Exterior Entry, Exterior Only, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Tile, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Wooded, Pasture, Near Golf Course, Near Public Beach, Near Shopping, Near Town
  • View: Trees/Woods, Fields
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 174240.0
  • Parcel #: GRHM-000007-000016
  • Zoning: SR

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 36000.0
  • Annual Operating Expense: 7500.0

Tax Info

  • Tax Annual Amount: 4685.0
  • Tax Lot: 16
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 18, 2024
Sold by
Hillcock Enterprises Llc
Bought by
Scribner David and Scribner Shannon
Seller's Agent
Helen La Count
Keller Williams Realty
Buyer's Agent
Sarah Msuya
Dream Home Realty LLC
List Price
$725,000
Sold Price
$687,000
Premium/Discount to List
-$38,000
-5.24%
Views
7
Current Estimated Value
$682,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,303
Avg. Annual Appreciation
-0.55%
Original Mortgage
$492,750
Outstanding Balance
$486,595
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$196,102

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 16, 2024
Sold by
Hillock Enterprises Llc
Bought by
Hillcock Richard W
Seller's Agent
Helen La Count
Keller Williams Realty
Buyer's Agent
Sarah Msuya
Dream Home Realty LLC
List Price
$725,000
Sold Price
$687,000
Premium/Discount to List
-$38,000
-5.24%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,750
Outstanding Balance
$486,595
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$196,102
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Scribner David -- None Available
Scribner David -- None Available
Scribner David -- None Available
Hillcock Richard W -- None Available
Hillcock Richard W -- None Available
Hillcock Richard W -- None Available
Hillcok Enterprises Llc -- None Available
Hillcok Enterprises Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scribner David $492,750
Closed Scribner David $492,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2024 10/18/24 Sold $687,000 -5.2% $367 / Sq Ft
09/28/2024 09/28/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $725,000 0.0% $387 / Sq Ft
09/26/2024 09/26/24 Off Market $725,000 -- --
09/11/2024 09/11/24 For Sale $725,000 -- $387 / 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 $5,008 $340,700 $129,000 $211,700
2023 $4,685 $340,700 $129,000 $211,700
2022 $4,378 $340,700 $129,000 $211,700
2021 $3,442 $177,400 $72,500 $104,900
2020 $3,371 $177,400 $72,500 $104,900
2019 $3,358 $177,200 $72,500 $104,700
2018 $3,203 $176,000 $72,500 $103,500
2017 $3,010 $176,000 $72,500 $103,500
2016 $2,992 $176,000 $72,500 $103,500
2015 $2,869 $176,000 $72,500 $103,500
2014 $2,798 $160,800 $66,800 $94,000
2013 $2,782 $160,800 $66,800 $94,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1603368

Maine Listings

APN: GRHM-000007-000016