NOT LISTED FOR SALE

422 Gorham Rd Scarborough, ME 04074

Scarborough Area

Estimated Value: $479,000 - $639,000

0.94 Acre
$570,944 Price per Acre
40,946 Sq Ft Lot

Sale Details

Date Sold: June 15, 2022

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

Est. 95% increase in value since last sale

Current estimated payment $3,337 / mo

119 Days on Market

Highlights

  • No HOA
  • Property is near shops
  • Level Lot
  • Scarborough High School Rated A-

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

Location

  • Property is near shops

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

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
Nov 30, 2021
Closed on
Jun 15, 2022
Sold by
Bought by
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
$536,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,687
Avg. Annual Appreciation
17.76%
Original Mortgage
$484,301
Interest Rate
0.0527%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2019
Sold by
Bought by

Purchase Details

Closed on
Jul 19, 2019
Sold by
Bought by

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
0.0382%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$275,000 None Available
-- --
-- --
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 $484,301
Previous Owner $247,500
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
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

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 $5,261 $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

  • Jason Saphire

    Seller's Agent in 2022

    Jason Saphire

    www.HomeZu.com

    (877) 249-5478

    2,035 Total Sales

    Jason Saphire
    Section Image

  • A

    Buyer's Agent in 2022

    Anne Hyland

    Portside Real Estate Group

    (207) 756-0196

    40 Total Sales

    Anne Hyland
    Section Image
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Map

Source: Maine Listings

MLS Number: 1515618

Maine Listings

APN: SCAR-000014R-000000-000001

Maine Cumberland County Scarborough 04074

422 Gorham Rd, Scarborough, ME

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