NOT LISTED FOR SALE

4 Rivers Edge Rd Unit A,B Gray, ME 04039

Gray Area

Estimated Value: $592,564

3 Beds
4 Baths
2,788 Sq Ft
$213/Sq Ft Est. Value

Sale Details

Date Sold: April 2, 2018

Last sale price $315,000 $113 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,817 / mo

2 Days on Market

Highlights

  • Nearby Water Access
  • Deck
  • Porch
  • View of Trees or Woods
  • Wooded Lot
  • Bathtub

About This Home

As of April 2018

Well maintained cash flowing 2 unit located minutes from I-95, Windham Center and Sebago Lake. 20 Minutes to Portland or Lewiston/Auburn. Strong rental history, see attached sheet for rental details. Excellent opportunity for owner occupied or investment property. Property features: 3 BR, 1 1/2 BA per unit. Finished walk-out basement, separate entrances, oil tanks, electric meters and decks. Off street paved parking 1-4 spaces, shed and spacious yard. Unit B: updated in 2014: paint, tile flooring, carpet, bathroom vanities, light fixtures and stainless steel appliances. Unit A: 2014 new tile in bathrooms and kitchen great opportunity to update this unit to your liking. Country living close to everything!!

Last Agent to Sell the Property

Heather Gay

Keller Williams Realty Listed on: 03/21/2018

Last Buyer's Agent

Christina Farynaz

Keller Williams Realty

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,149

Year Built

  • Built in 2001

Lot Details

  • 1.86 Acre Lot
  • Property fronts a private road
  • Property fronts a freeway
  • Dirt Road
  • Street terminates at a dead end
  • Rural Setting
  • Level Lot
  • Wooded Lot

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Duplex
  • Concrete Foundation
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Modular or Manufactured Materials
  • Radon Mitigation System
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Storage
  • Washer and Dryer Hookup
  • Views of Woods

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub

Finished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • Deck
  • Shed
  • Porch

Location

  • Property is near shops

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Oil Water Heater
  • Septic System
  • Private Sewer
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number GRAY-000062-000022-000005-000001

Community Details

Overview

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

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $10,070
  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,149

Year Built

Built in 2001

Lot Details

1.86 Acres

HOA Fees

$42 per month

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.86
  • Road Frontage Type: Private
  • Road Surface Type: Gravel, Paved
  • MLS Status: Closed
  • Subdivision Name: Rivers Edge Road Association
  • Directions: From I95 North or South take exit 63 (Gray exit) At the light take a left onto rt 202. Continue on 202 take a left Lawrence Rd and right on to Rivers Edge Rd first house on the right.
  • Above Grade Finished Sq Ft: 2288.0
  • Architectural Style: Duplex
  • Building Stories: 2
  • Year Built: 2001
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 112.98
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.86
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2288.0
  • Property Information:SqFt Finished Below Grade: 500.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Location Information:Association Fee: 500.0
  • Location Information:Fee Frequency Paid: Annually
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Gas:No Gas: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 30600.0
  • Income Expenses Operating Expenses: 10070.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Recreational Water:Nearby: Yes
  • Location:Rural: Yes
  • Roads:Dead End: Yes
  • Roads:GravelDirt: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Equipment:Cable: Yes
  • Construction:Modular: Yes
  • View:Fields: Yes
  • Floors:Concrete2: Yes
  • Equipment:Air Radon Mitigation System: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Advertising Remarks:Advertising Remarks: Well maintained cash flowing 2 unit located minutes from I-95, Windham Center and Sebago Lake. 20 Minutes to Portland or Lewiston/Auburn. Strong rental history, see attached sheet for rental details. Excellent opportunity for owner occupied or investment property. Property features: 3 BR, 1 1/2 BA per unit. Finished walk-out basement, separate entrances, oil tanks, electric meters and decks. Off street paved parking 1-4 spaces, shed and spacious yard. Unit B: updated in 2014: paint, tile flooring, carpet, bathroom vanities, light fixtures and stainless steel appliances. Unit A: 2014 new tile in bathrooms and kitchen great opportunity to update this unit to your liking. Country living close to everything!!
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Finished, Full, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Below Grade Sq Ft: 500.0
  • Fireplace: No
  • Flooring: Tile, Concrete, Carpet
  • Interior Amenities: Bathtub, Walk-In Closet(s), Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Rolling Slope, Wooded, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Rural
  • View: Trees/Woods, Fields
  • Waterfront: No
  • Construction Type: Vinyl Siding, Modular
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Composition, Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 81021.6
  • Parcel #: GRAY-000062-000022-000005-000001
  • Zoning: Rul/Res/Agr

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30600.0
  • Annual Operating Expense: 10070.0

Tax Info

  • Tax Annual Amount: 4149.0
  • Tax Lot: 1
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
May 8, 2018
Sold by
Gay Eric H and Gay Heather R
Bought by
Seller's Agent
Heather Gay
Keller Williams Realty
Buyer's Agent
Christina Farynaz
Keller Williams Realty
List Price
$299,500
Sold Price
$315,000
Premium/Discount to List
$15,500
5.18%
Current Estimated Value
$592,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,564
Avg. Annual Appreciation
7.74%
Original Mortgage
$309,294
Interest Rate
4.45%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 2015
Sold by
Gay Heather R
Bought by
Gay Heather R and Gay Eric H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
2.97%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Gray, ME

  • Lois O'Connor Real Estate Agent - Sunset Lakes Real Estate

    Lois O'Connor

    Responds Quickly

    Sunset Lakes Real Estate

    (207) 481-4914

    104 Total Sales

    2 in Gray

    $312K - $2.3M Price Range

    Lois O'Connor
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  • Jocelyn O'Rourke-Shane Real Estate Agent - Maine Real Estate Choice

    Jocelyn O'Rourke-Shane

    Maine Real Estate Choice

    (207) 405-0461

    231 Total Sales

    2 in Gray

    $165K - $310K Price Range

    Jocelyn O'Rourke-Shane
     Section Image
  • Tim Dunham Real Estate Agent - Tim Dunham Realty

    Tim Dunham

    Responds Quickly

    Tim Dunham Realty

    (207) 417-4408

    380 Total Sales

    3 in Gray

    $420K - $475K Price Range

    Tim Dunham
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  • Davian Akers Real Estate Agent - Keller Williams Realty

    Davian Akers

    Keller Williams Realty

    (207) 544-4158

    129 Total Sales

    1 in Gray

    $149,000 Price

    Davian Akers
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  • Elias Leland Real Estate Agent - Coldwell Banker Realty

    Elias Leland

    Coldwell Banker Realty

    (207) 544-4351

    115 Total Sales

    2 in Gray

    $425K - $442K Price Range

    Elias Leland
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  • Melinda Torrens Real Estate Agent - Epique Realty

    Melinda Torrens

    Epique Realty

    (833) 268-6193

    29 Total Sales

    1 in Gray

    $475,000 Price

    Melinda Torrens
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See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Gay Heather R -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $184,450
Open Yanni Monique G $299,500
Closed -- $309,294
Previous Owner -- $168,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/02/2018 04/02/18 Sold $315,000 +5.2% $113 / Sq Ft
03/24/2018 03/24/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $299,500 -- $107 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,159 $533,000 $133,100 $399,900
2024 $5,170 $533,000 $133,100 $399,900
2023 $4,615 $304,000 $55,500 $248,500
2022 $4,241 $304,000 $55,500 $248,500
2021 $4,008 $274,300 $55,500 $218,800
2020 $4,046 $274,300 $55,500 $218,800
2019 $4,046 $274,300 $55,500 $218,800
2018 $3,840 $274,300 $55,500 $218,800
2017 $3,942 $218,400 $46,300 $172,100
2016 $3,997 $218,400 $46,300 $172,100
2015 $3,975 $218,400 $46,300 $172,100
2014 $3,975 $218,400 $46,300 $172,100
2012 $3,462 $218,411 $46,300 $172,111
Source: Public Records

Agents Affiliated with this Home

  • HG

    Seller's Agent in 2018

    Heather Gay

    Keller Williams Realty

  • CF

    Buyer's Agent in 2018

    Christina Farynaz

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1341689

Maine Listings

APN: GRAY-000062-000022-000005-000001

Maine Cumberland County Gray 04039

4 Rivers Edge Rd Unit A,B, Gray, ME

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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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