NOT LISTED FOR SALE

30 Rivers Edge Rd Gray, ME 04039

Estimated Value: $607,000 - $676,611

6 Beds
2 Baths
2,868 Sq Ft
$227/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $460,000 $160 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,080/month

6 Days on Market

Highlights

  • Deck
  • Tile Flooring
  • Heating System Uses Gas
  • 2 Car Attached Garage
  • Level Lot
  • 1-Story Property

About This Home

As of June 2021

Beautiful duplex property for sale in Gray! What an opportunity! Built in 2009, it has two 3 bedroom units, each with 1 bath and 1 car garage. Fully rented at time of listing and a cap rate at 6%. Set on 2 acres conveniently located just minutes to the Turnpike and the center of Gray. Short commute to Windham, Yarmouth, New Gloucester and area schools, restaurants, shopping, lakes and more! This is a great investment opportunity. Showings are limited to Wednesdays and Saturdays. Arrange your spot today!

Last Agent to Sell the Property

Cathleen Manchester

Keller Williams Realty Listed on: 04/15/2021

Keller Williams Realty

Co-Listed By

David Fournier

Keller Williams Realty

Last Buyer's Agent

Jonathan Safford

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,723

Year Built

  • Built in 2009

Lot Details

  • 2 Acre Lot
  • Property fronts a private road
  • Rural Setting
  • Level Lot
  • Open Lot

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Common or Shared Parking
  • Shared Driveway
  • Reserved Parking

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,868 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Washer and Dryer Hookup

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Radiant Heating System
  • Private Water Source
  • Well
  • Gas Water Heater
  • Septic System
  • Septic Design Available
  • Private Sewer

Listing and Financial Details

  • Exclusions: Washers & Dryers, Microwave in unit #2
  • Tax Lot 22-5-16
  • Assessor Parcel Number GRAY-000062-000022-000005-000016

Community Details

Overview

  • 2 Units
  • Rivers Edge Road Association Subdivision
  • The community has rules related to deed restrictions

Building Details

  • Operating Expense $12,070
  • Gross Income $39,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,723

Year Built

Built in 2009

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.0
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1898
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Subdivision Name: Rivers Edge Road Association
  • Directions: Center Rd or West Gray Road to Lawrence to Rivers Edge Rd to #30 on Right. Google Maps may show wrong location on maps.
  • Above Grade Finished Sq Ft: 2868.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 2009
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2868.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Location Information:Association Fee: 500.0
  • Location Information:Fee Frequency Paid: Annually
  • Property Information:Garage Spaces: 2.0
  • Roads:Private: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 2
  • Heat System:Radiant: Yes
  • Building Info:_pound_ Stories2: 1
  • Income Expenses Gross Income: 39240.0
  • Income Expenses Operating Expenses: 12070.0
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:Slab2: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:Septic Design Available: Yes
  • Parking Reserved2: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: One-Floor Living

Exterior Features

  • Lot Features: Level, Open Lot, Near Turnpike/Interstate, Near Town, Rural
  • Waterfront: No
  • Exclusions: Washers & Dryers, Microwave in unit #2
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Common

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee: 500.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 87120.0
  • Parcel #: GRAY-000062-000022-000005-000016
  • Zoning: RRA

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 39240.0
  • Annual Operating Expense: 12070.0

Tax Info

  • Tax Annual Amount: 4723.0
  • Tax Book Number: 26458
  • Tax Lot: 22-5-16
  • Tax Map Number: 062
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2008
Sold by
Tulk Enterprise Llc
Bought by
Tulk Rojean D
Current Estimated Value
$652,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.13%
Mortgage Type
Unknown
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
Tulk Rojean D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tulk Rojean D $211,000
Closed Tulk Rojean D $220,000
Closed Tulk Rojean D $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $460,000 +4.8% $160 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $439,000 -- $153 / 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 $5,792 $597,100 $133,100 $464,000
2023 $5,146 $339,000 $55,500 $283,500
2022 $4,729 $339,000 $55,500 $283,500
2021 $4,678 $320,200 $55,500 $264,700
2020 $4,723 $320,200 $55,500 $264,700
2019 $4,723 $320,200 $55,500 $264,700
2018 $4,483 $320,200 $55,500 $264,700
2017 $5,070 $280,900 $63,000 $217,900
2016 $5,140 $280,900 $63,000 $217,900
2015 $5,112 $280,900 $63,000 $217,900
2014 $5,112 $280,900 $63,000 $217,900
2012 $4,453 $280,938 $63,000 $217,938
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1487793

Maine Listings

APN: GRAY-000062-000022-000005-000016