NOT LISTED FOR SALE

397 Sebago Lake Rd Gorham, ME 04038

North Gorham Neighborhood

Estimated Value: $397,000 - $434,000

2 Beds
1 Bath
1,387 Sq Ft
$297/Sq Ft Est. Value

Last Sold March 05, 2020

Last sale price $277,000 $200 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,539/month

1 Day on Market

Highlights

  • Deck
  • Ranch Style House
  • Attic
  • Great Falls Elementary School Rated A-
  • Wood Flooring
  • 1 Fireplace

About This Home

As of March 2020

Discover this beautifully updated two bedroom ranch with an open concept living area, a partially finished basement, and a two car attached garage. The interior of the home features a remodeled kitchen, hardwood floors, and a large living area with a pellet stove insert. The exterior offers a front patio, large rear deck, a walk-up attic above the garage, and a perfect workshop space attached to the two car garage, along with a big, private, backyard. This home is only five minutes to Sebago Lake Village and surrounded by lots of great hiking, biking, and snowmobiling trails.

Last Agent to Sell the Property

David Willis

Willis Real Estate Listed on: 01/17/2020

Co-Listed By

Paul Willis

Willis Real Estate

Last Buyer's Agent

Emily Roberts

Reali Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,949

Year Built

  • Built in 1960

Lot Details

  • 1.02 Acre Lot
  • Rural Setting
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned SR

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

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

Interior Spaces

  • 1 Fireplace
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Bonus Room
  • Attic

Kitchen

  • Electric Range
  • Stove
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

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

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number GRHM-000089-000038

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,949

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.02
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1468
  • Co List Office Phone: 207-839-3390
  • MLS Status: Closed
  • Directions: Sebago Lake Road (Rt 237) to #397.
  • Above Grade Finished Sq Ft: 1195.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1960
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.02
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1195.0
  • Property Information:SqFt Finished Below Grade: 192.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: 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:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Kitchen Countertop:Granite: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Mud Room:Mud Room: Yes
  • Bonus Room:Bonus Room: Yes
  • Sewer:Private Sewer: Yes
  • Roof:Pitched: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Family Room:Family Room: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Room Features:Heat Stove29: Yes
  • Utility Info Electric On Site: Yes
  • Living Room Amenities:Heat Stove5: Yes
  • Other Structures:Shed: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 1
  • 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, Exterior Entry, Bulkhead, Interior Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 192.0
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic, Storage
  • Full Basement: Yes
  • Bedroom 2 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: Level, Open Lot, Landscaped, Rural
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Paved

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 44431.2
  • Parcel #: GRHM-000089-000038
  • Zoning: SR

Tax Info

  • Tax Annual Amount: 2949.0
  • Tax Book Number: 28220
  • Tax Lot: 38
  • Tax Map Number: 89
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2020
Closed on
Mar 4, 2020
Sold by
Cole Dean O and Cole Denise E
Bought by
Barr Christopher E and Barr Rebecca H
Seller's Agent
David Willis
Willis Real Estate
Buyer's Agent
Emily Roberts
Reali Realty, LLC
List Price
$269,000
Sold Price
$277,000
Premium/Discount to List
$8,000
2.97%
Current Estimated Value
$412,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,542
Avg. Annual Appreciation
7.40%
Original Mortgage
$279,797
Outstanding Balance
$248,268
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$164,274

Purchase Details

Closed on
Aug 15, 2017
Sold by
Cole Dean O and Cole Denise E
Bought by
Cole Ryan
Source: Public Records

Range of Values:

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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
Barr Christopher E -- None Available
Cole Ryan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barr Christopher E $279,797
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2020 03/05/20 Sold $277,000 +3.0% $200 / Sq Ft
01/19/2020 01/19/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $269,000 -- $194 / 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 $4,229 $287,700 $87,900 $199,800
2023 $3,956 $287,700 $87,900 $199,800
2022 $3,697 $287,700 $87,900 $199,800
2021 $3,019 $155,600 $59,700 $95,900
2020 $2,956 $155,600 $59,700 $95,900
2019 $2,949 $155,600 $59,700 $95,900
2018 $2,832 $155,600 $59,700 $95,900
2017 $2,704 $158,100 $62,200 $95,900
2016 $2,686 $158,000 $62,100 $95,900
2015 $2,575 $158,000 $62,100 $95,900
2014 $2,598 $149,300 $61,700 $87,600
2013 $2,583 $149,300 $61,700 $87,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Willis

    Willis Real Estate

    (207) 839-3390

    5 in this area

    151 Total Sales

    David Willis
    Section Image

  • P

    Seller Co-Listing Agent in 2020

    Paul Willis

    Willis Real Estate

    (207) 839-3390

    4 in this area

    95 Total Sales

    Paul Willis
    Section Image

  • E

    Buyer's Agent in 2020

    Emily Roberts

    Reali Realty, LLC

See All Agents

Map

Source: Maine Listings

MLS Number: 1442639

Maine Listings

APN: GRHM-000089-000038

Maine Cumberland County Gorham 04038 North Gorham

397 Sebago Lake Rd, Gorham, ME

This home is located at 397 Sebago Lake Rd, Gorham, ME 04038 since 17 January 2020 and is currently estimated at $412,542, approximately $297 per square foot. This property was built in 1960. 397 Sebago Lake Rd is a home located in Cumberland County with nearby schools including Great Falls Elementary School, Gorham Middle School, and Gorham High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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