NOT LISTED FOR SALE

22 Rainbow Ln Gorham, ME 04038

North Gorham Neighborhood

Estimated Value: $399,000 - $470,000

3 Beds
1 Bath
1,634 Sq Ft
$265/Sq Ft Est. Value

Last Sold June 13, 2018

Last sale price $240,000 $147 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $2,814/month

2 Days on Market

Highlights

  • 1.97 Acre Lot
  • Deck
  • Ranch Style House
  • Great Falls Elementary School Rated A-
  • Wooded Lot
  • Wood Flooring

About This Home

As of June 2018

This cottage style ranch is nicely tucked away in North Gorham on a dead-end street. Offers one floor living with nice added bonus space in the walkout daylight basement. Sunlit living room with cathedral ceilings, red oak hardwood floors throughout 1st floor, Anderson Windows, efficient Biasi boiler heating system & two storage sheds. Private 1.97 acre lot walking distance to the North Gorham canal & Dundee Pond. Located in the Great Falls Elementary school district with easy access to North Windham & Portland.

Last Agent to Sell the Property

Peter Mason

PO-GO REALTY Listed on: 05/09/2018

Last Buyer's Agent

Polly Cockrill

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,880

Year Built

  • Built in 1988

Lot Details

  • 1.97 Acre Lot
  • Property fronts a private road
  • Rural Setting
  • Landscaped
  • Wooded Lot
  • Property is zoned SR

Home Design

  • Ranch Style House
  • Cottage
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Radon Mitigation System
  • Concrete Perimeter Foundation

Interior Spaces

  • Living Room
  • Dining Room
  • Den
  • Bonus Room

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Well
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 4 / 31
  • Assessor Parcel Number GRHM-000097-000031-000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,880

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.97
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: North Gorham Road to Rainbow Lane to last home on left
  • Above Grade Finished Sq Ft: 992.0
  • Architectural Style: Cottage, Ranch
  • Garage Yn: No
  • Year Built: 1988
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.97
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 992.0
  • Property Information:SqFt Finished Below Grade: 642.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: 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:Electric Range: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: 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
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Bonus Room:Bonus Room: Yes
  • Parking:Paved3: Yes
  • Location:Rural: Yes
  • Style:Cottage: Yes
  • Site:Wooded: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Den:Den: Yes
  • Equipment:Air Radon Mitigation System: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher
  • Has Basement: Daylight, Finished, Full, Interior Entry, Walk-Out Access
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 642.0
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 85813.2
  • Parcel #: GRHM-000097-000031-000004
  • Zoning: SR

Tax Info

  • Tax Annual Amount: 2880.0
  • Tax Block: 31
  • Tax Book Number: 17627
  • Tax Lot: 4
  • Tax Map Number: 97
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Jun 14, 2018
Sold by
Hutchinson John W
Bought by
Karam Shannon R and Karam Katharine G
Seller's Agent
Peter Mason
PO-GO REALTY
Buyer's Agent
Polly Cockrill
Coldwell Banker Realty
List Price
$229,500
Sold Price
$240,000
Premium/Discount to List
$10,500
4.58%
Current Estimated Value
$441,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,708
Avg. Annual Appreciation
8.99%
Original Mortgage
$230,736
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Karam Shannon R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karam Shannon R $226,927
Closed Karam Shannon R $231,000
Closed Karam Shannon R $230,736
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2018 06/13/18 Sold $240,000 +4.6% $147 / Sq Ft
05/12/2018 05/12/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $229,500 -- $140 / 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 $4,744 $322,700 $94,500 $228,200
2023 $4,437 $322,700 $94,500 $228,200
2022 $4,147 $322,700 $94,500 $228,200
2021 $3,314 $170,800 $73,500 $97,300
2020 $3,245 $170,800 $73,500 $97,300
2019 $3,237 $170,800 $73,500 $97,300
2018 $3,065 $168,400 $73,500 $94,900
2017 $2,880 $168,400 $73,500 $94,900
2016 $2,865 $168,500 $73,600 $94,900
2015 $2,747 $168,500 $73,600 $94,900
2014 $2,814 $161,700 $78,000 $83,700
2013 $2,797 $161,700 $78,000 $83,700
Source: Public Records

Agents Affiliated with this Home

  • Peter Mason

    Seller's Agent in 2018

    Peter Mason

    PO-GO REALTY

    (207) 632-8822

    6 in this area

    343 Total Sales

    Section Image

  • P

    Buyer's Agent in 2018

    Polly Cockrill

    Coldwell Banker Realty

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Map

Source: Maine Listings

MLS Number: 1348573

Maine Listings

APN: GRHM-000097-000031-000004

Maine Cumberland County Gorham 04038 North Gorham

22 Rainbow Ln, Gorham, ME

This home is located at 22 Rainbow Ln, Gorham, ME 04038 since 09 May 2018 and is currently estimated at $433,339, approximately $265 per square foot. This property was built in 1988. 22 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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