NOT LISTED FOR SALE

4 Glenwood Ave Gorham, ME 04038

-- Bed
4 Baths
3,192 Sq Ft
7,841 Sq Ft Lot

Last Sold January 25, 2023

Last sale price $490,000 $154 Per Sq Ft

3 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Village Elementary School Rated A-
  • Corner Lot
  • Shed

About This Home

As of January 2023

Located in the heart of Gorham Village, this 4 Unit offers a great investment opportunity or the owner to occupy and have the tenants pay the mortgage! The location cannot be beaten. Just steps to all of the amenities that Gorham has to offer, The University of Maine, restaurants, a grocery store, a bookstore, and boutiques are all within 1 mile. Many recent updates have been made to the property that includes: New roofing, siding, windows & trim / framing, blown-in insulation, plumbing, and new hot water tanks. The owner has occupied one of the two-bedroom units and has kept the rent low for her tenants, so there is a lot of upside income potential. This area is a very strong rental market demanding higher rental values. Broker Open House Friday, Nov. 11th, 9AM-11AM

Last Agent to Sell the Property

Shawn Losier

Freeman Group-Residential Real Estate Brokerage Listed on: 11/08/2022

Co-Listed By

Amanda Tanguay

Signature Homes Real Estate Group, LLC

Last Buyer's Agent

Shonn Moulton

Townsend Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,570

Year Built

  • Built in 1820

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot

Home Design

  • 3,192 Sq Ft Home
  • Colonial Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry
  • Dirt Floor

Parking

  • Common or Shared Parking
  • Shared Driveway

Utilities

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

Additional Features

  • 4 Full Bathrooms
  • Shed
  • City Lot

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number GRHM-000101-000023

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $15,490
  • Gross Income $35,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,570

Year Built

Built in 1820

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Co List Office Mls Id: 2305
  • Co List Office Phone: 207-772-4242
  • MLS Status: Closed
  • Directions: Main St to Water St to Glenwood Ave
  • Above Grade Finished Sq Ft: 3192.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1820
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.18
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3192.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 4
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 35500.0
  • Income Expenses Operating Expenses: 15490.0
  • Style:Colonial: Yes
  • Basement:Dirt Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Water Heater:Tank: Yes
  • Foundation Materials:Granite2: Yes
  • Other Structures:Shed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Partial, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet

Exterior Features

  • Lot Features: Corner Lot, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite
  • Other Structures: Shed(s)
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, 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: 7840.8
  • Parcel #: GRHM-000101-000023
  • Zoning: RES

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 35500.0
  • Annual Operating Expense: 15490.0

Tax Info

  • Tax Annual Amount: 3570.0
  • Tax Book Number: 24715
  • Tax Lot: 23
  • Tax Map Number: 101
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2023 01/25/23 Sold $490,000 -2.0% $154 / Sq Ft
11/12/2022 11/12/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $499,900 -- $157 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Shawn Losier

    Freeman Group-Residential Real Estate Brokerage

    (207) 838-4663

    1 in this area

    40 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2023

    Amanda Tanguay

    Signature Homes Real Estate Group, LLC

    (207) 318-1141

    3 in this area

    54 Total Sales

    Section Image

  • S

    Buyer's Agent in 2023

    Shonn Moulton

    Townsend Real Estate

See All Agents

Map

Source: Maine Listings

MLS Number: 1547765

Maine Listings

Maine Cumberland County Gorham 04038

4 Glenwood Ave, Gorham, ME

This home is located at 4 Glenwood Ave, Gorham, ME 04038 since 08 November 2022. This property was built in 1820. 4 Glenwood Ave is a home located in Cumberland County with nearby schools including Village 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.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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