NOT LISTED FOR SALE

407 Portland Rd Gray, ME 04039

Estimated Value: $557,000 - $575,000

4 Beds
2 Baths
2,080 Sq Ft
$270/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $435,000 $209 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,316/month

10 Days on Market

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • Main Floor Bedroom
  • 2.31 Acre Lot
  • Wood Flooring
  • No HOA

About This Home

As of June 2022

**Open House Saturday 4/30 and Sunday 5/1 11am-1pm** First time on the market, one owner duplex offering two 3 bedroom units with full basements. Great location, set on over 2 acres, close to Gray and Falmouth, only 20 minutes to Portland. Quiet country location, set well down off the main road with an exceedingly private back yard. Finished space in the daylight walkout basement allows for additional income potential as well as loads of storage and washer/dryer hookups. Easy access behind the property to the Piscataqua River and miles of walking trails. Currently fully rented with long term month to month tenants.
All kitchen appliances remain in both units.

Last Agent to Sell the Property

Anne-Marie Mckenzie

Keller Williams Realty Listed on: 04/28/2022

Keller Williams Realty

Co-Listed By

Janice Ryder

Keller Williams Realty

Keller Williams Realty

Last Buyer's Agent

Janice Ryder

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,199

Year Built

  • Built in 1998

Lot Details

  • 2.31 Acre Lot
  • Rural Setting
  • Wooded Lot

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Views of Woods
  • Storm Doors

Flooring

  • Wood
  • Carpet
  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Shower Only

Basement

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

Parking

  • Driveway
  • Paved Parking

Utilities

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

Listing and Financial Details

  • Exclusions: washer & dryer in both units
  • Tax Lot 40-04-05
  • Assessor Parcel Number GRAY-000073-000040-000004-000005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $6,964
  • Gross Income $33,648

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,199

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.31
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1898
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Directions: From Gray Center, take Rte 100 south towards Portland, #407 on left
  • Above Grade Finished Sq Ft: 1612.0
  • Architectural Style: Duplex, Ranch
  • Garage Yn: No
  • Efficiency: Storm Doors, Double Pane Windows, Ceiling Fans
  • Building Stories: 2
  • Year Built: 1998
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.31
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1612.0
  • Property Information:SqFt Finished Below Grade: 468.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: 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:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Shower: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 33648.0
  • Income Expenses Operating Expenses: 6964.0
  • Sewer:Private Sewer: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Property Information:Deed Restrictions: Unknown
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Floors:Concrete2: Yes
  • Equipment:DSL: Yes
  • Roof:Fiberglass: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Full, Interior Entry
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 468.0
  • Flooring: Wood, Vinyl, Concrete, Carpet
  • Interior Amenities: 1st Floor Bedroom, Shower, Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Wooded, Near Turnpike/Interstate, Near Town, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Exclusions: washer & dryer in both units
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Fiberglass, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 100623.6
  • Parcel #: GRAY-000073-000040-000004-000005
  • Zoning: Medium density

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 33648.0
  • Annual Operating Expense: 6964.0

Tax Info

  • Tax Annual Amount: 3199.0
  • Tax Book Number: 13398
  • Tax Lot: 40-04-05
  • Tax Map Number: 073
  • 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
06/03/2022 06/03/22 Sold $435,000 +10.1% $209 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $395,000 -- $190 / 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 $4,013 $413,700 $121,400 $292,300
2023 $3,549 $233,800 $61,600 $172,200
2022 $3,262 $233,800 $61,600 $172,200
2021 $3,169 $216,900 $61,600 $155,300
2020 $3,199 $216,900 $61,600 $155,300
2019 $3,199 $216,900 $61,600 $155,300
2018 $3,037 $216,900 $61,600 $155,300
2017 $3,338 $175,700 $47,300 $128,400
2016 $3,215 $175,700 $47,300 $128,400
2015 $3,198 $175,700 $47,300 $128,400
2014 $3,198 $175,700 $47,300 $128,400
2012 $2,627 $165,736 $47,320 $118,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1525536

Maine Listings

APN: GRAY-000073-000040-000004-000005