NOT LISTED FOR SALE

422 Gorham Rd Scarborough, ME 04074

Estimated Value: $479,000 - $574,000

0.94 Acres
$556,613 Price per Acre
40,946 Sq Ft Lot

Last Sold June 15, 2022

Last sale price $275,000 $264 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,234/month

119 Days on Market

Highlights

  • No HOA
  • Scarborough High School Rated A-
  • Level Lot

About This Lot

As of June 2022

Fantastic Opportunity! NEW septic and foundation are in. Existing well from previous home that was deomlished. Septic was also moved to the front yard. Just needs someone who is willing to build. Plans and permit are included if you want a 2,000 sq. foot ranch home. You can increase the size of the foundation and house size, however you will have to apply for a new permit and submit plans to the town if you intend to go larger. Great location! Minutes from downtown Scarborough and very close to Portland, Maine and I95. Amazing school district. Oversized lot in a lovely neighborhood. All your dreams can come true. FYI: I've had 13 offers but financing has been an issue for prospective buyers. Please be able to get a construction loan if you are going to submit an offer.

Last Agent to Sell the Property

Jason Saphire

www.HomeZu.com Listed on: 11/30/2021

Last Buyer's Agent

Anne Hyland

Portside Real Estate Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,437

Lot Details

  • 40,946 Sq Ft Lot
  • Level Lot
  • Property is zoned 16

Parking

  • Gravel Driveway
  • On-Site Parking

Utilities

  • Well
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number SCAR-000014R-000000-000001

Property Details

Property Type

Land

Est. Annual Taxes

$1,437

Lot Details

0.94 Acres

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.94
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Gorham Road
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.94
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Parking:On Site2: Yes
  • Driveway:Gravel: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Mobile Homes Allowed: Unknown
  • Advertising Remarks:Advertising Remarks: Fantastic Opportunity! NEW septic and foundation are in. Existing well from previous home that was deomlished. Septic was also moved to the front yard. Just needs someone who is willing to build. Plans and permit are included if you want a 2,000 sq. foot ranch home. You can increase the size of the foundation and house size, however you will have to apply for a new permit and submit plans to the town if you intend to go larger. Great location! Minutes from downtown Scarborough and very close to Portland, Maine and I95. Amazing school district. Oversized lot in a lovely neighborhood. All your dreams can come true. FYI: I've had 13 offers but financing has been an issue for prospective buyers. Please be able to get a construction loan if you are going to submit an offer.
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Level, Near Shopping, Neighborhood
  • Waterfront: No

Garage/Parking

  • Parking Features: Gravel, On Site

Utilities

  • Electric: Unknown
  • Sewer: Septic Existing on Site
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 40946.4
  • Parcel #: SCAR-000014R-000000-000001
  • Zoning: 16

Tax Info

  • Tax Annual Amount: 1437.0
  • Tax Lot: 001
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
Jun 15, 2022
Sold by
Boniello Crystal
Bought by
Clement Brain and Clement Jordan
Seller's Agent
Jason Saphire
www.HomeZu.com
Buyer's Agent
Anne Hyland
Portside Real Estate Group
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%
Current Estimated Value
$523,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,216
Avg. Annual Appreciation
18.50%
Original Mortgage
$484,301
Outstanding Balance
$459,498
Interest Rate
5.27%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$63,718

Purchase Details

Closed on
Sep 26, 2019
Sold by
Sommelier Holdings Llc
Bought by
Boniello Crystal

Purchase Details

Closed on
Jul 19, 2019
Sold by
Meehan Dennis A and Meehan Cynthia J
Bought by
Sommelier Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.82%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Clement Brain $275,000 None Available
Boniello Crystal -- --
Sommelier Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clement Brain $484,301
Previous Owner Sommelier Holdings Llc $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold $275,000 -8.0% $264 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
11/30/2021 11/30/21 For Sale $299,000 -- $288 / Sq Ft
Source: Maine Listings

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
2025 $5,261 $464,300 $141,100 $323,200
2024 $5,049 $461,900 $141,100 $320,800
2023 $4,508 $282,300 $96,700 $185,600
2022 $1,765 $114,700 $96,700 $18,000
2021 $1,723 $114,700 $96,700 $18,000
2020 $1,437 $96,700 $96,700 $0
2019 $2,655 $180,600 $96,700 $83,900
2017 $2,503 $151,800 $97,000 $54,800
2016 $2,417 $151,800 $97,000 $54,800
2015 $2,351 $151,800 $97,000 $54,800
2014 $2,292 $151,800 $97,000 $54,800
2013 -- $151,800 $97,000 $54,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1515618

Maine Listings

APN: SCAR-000014R-000000-000001

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