NOT LISTED FOR SALE

370 Main St Gorham, ME 04038

Estimated Value: $412,328 - $566,000

4 Beds
2 Baths
2,136 Sq Ft
$225/Sq Ft Est. Value

Last Sold December 13, 2023

Last sale price $455,000 $213 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,860/month

6 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 2 Car Direct Access Garage
  • Gorham High School Rated 9+
  • No HOA
  • Walk-In Closet

About This Home

As of December 2023

Don't miss this tremendous opportunity to be only the second owner of 370 Main Street, a legal two unit near Gorham's Village! Unit one is a two bedroom, one bath unit on the first floor that has been owner occupied since the home was built. Unit two is a basement level unit with two bedrooms, one bath, and a comfortable open concept living room/kitchen space. The units share a common entry and a washer/dryer in the basement common space. The property benefits from an attached two car garage with an extra storage/workshop space, public water and sewer, a newer roof (2019), and a spacious rear yard. Being located in the OR (Office-Residential District) also opens this property up for potential business, retail, or personal service uses.

Last Agent to Sell the Property

David Willis

Willis Real Estate Listed on: 10/24/2023

Co-Listed By

Paul Willis

Willis Real Estate

Last Buyer's Agent

John Mullen

Mulkerin Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,713

Year Built

  • Built in 1980

Lot Details

  • 0.57 Acre Lot
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Finished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior and Exterior Basement Entry

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 11
  • Assessor Parcel Number GRHM-000109-000011-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $8,910
  • Gross Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,713

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.57
  • Road Surface Type: Paved
  • Co List Office Phone: 207-839-3390
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1068.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 1980
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 374.53
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.57
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1068.0
  • Property Information:SqFt Finished Below Grade: 1068.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Style:Ranch: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 1
  • Income Expenses Gross Income: 16200.0
  • Income Expenses Operating Expenses: 8910.0
  • Property Information:Short Sale Continue to Show: No
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Bank Owned REO: No
  • Vehicle Storage:Storage Above: Yes
  • Heat System:Direct Vent Heater: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Don't miss this tremendous opportunity to be only the second owner of 370 Main Street, a legal two unit near Gorham's Village! Unit one is a two bedroom, one bath unit on the first floor that has been owner occupied since the home was built. Unit two is a basement level unit with two bedrooms, one bath, and a comfortable open concept living room/kitchen space. The units share a common entry and a washer/dryer in the basement common space. The property benefits from an attached two car garage with an extra storage/workshop space, public water and sewer, a newer roof (2019), and a spacious rear yard. Being located in the OR (Office-Residential District) also opens this property up for potential business, retail, or personal service uses.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Has Basement: Bulkhead, Finished, Full, Exterior Entry, Doghouse, Interior Entry
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 1068.0
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living, Shower, Walk-In Closet(s)
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Near Town
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • 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, Inside Entrance, Storage

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 24829.2
  • Parcel #: GRHM-000109-000011-000001
  • Zoning: OR

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16200.0
  • Annual Operating Expense: 8910.0

Tax Info

  • Tax Annual Amount: 3713.0
  • Tax Block: 11
  • Tax Lot: 1
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2023
Closed on
Dec 13, 2023
Sold by
Hoskin Mary E
Bought by
Kizer Deann
Seller's Agent
David Willis
Willis Real Estate
Buyer's Agent
John Mullen
Mulkerin Real Estate
List Price
$400,000
Sold Price
$455,000
Premium/Discount to List
$55,000
13.75%
Current Estimated Value
$480,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,332
Avg. Annual Appreciation
2.83%
Original Mortgage
$432,250
Outstanding Balance
$424,726
Interest Rate
7.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$55,606
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kizer Deann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kizer Deann $432,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2023 12/13/23 Sold $455,000 +13.8% $213 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $400,000 -- $187 / 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 $3,969 $270,000 $69,400 $200,600
2023 $3,713 $270,000 $69,400 $200,600
2022 $3,470 $270,000 $69,400 $200,600
2021 $3,310 $170,600 $75,700 $94,900
2020 $3,241 $170,600 $75,700 $94,900
2019 $3,233 $170,600 $75,700 $94,900
2018 $3,105 $170,600 $75,700 $94,900
2017 $2,917 $170,600 $75,700 $94,900
2016 $2,900 $170,600 $75,700 $94,900
2015 $2,781 $170,600 $75,700 $94,900
2014 $3,083 $177,200 $85,100 $92,100
2013 $3,066 $177,200 $85,100 $92,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    David Willis

    Willis Real Estate

    (207) 839-3390

    56 in this area

    148 Total Sales

    David Willis
    Section Image

  • P

    Seller Co-Listing Agent in 2023

    Paul Willis

    Willis Real Estate

    (207) 839-3390

    38 in this area

    91 Total Sales

    Paul Willis
    Section Image

  • J

    Buyer's Agent in 2023

    John Mullen

    Mulkerin Real Estate

See All Agents

Map

Source: Maine Listings

MLS Number: 1575710

Maine Listings

APN: GRHM-000109-000011-000001

Maine Cumberland County Gorham 04038

370 Main St, Gorham, ME

Not Listed for Sale

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