NOT LISTED FOR SALE

448 Gray Rd Windham, ME 04062

Estimated Value: $1,336,217

4 Beds
3 Baths
5,185 Sq Ft
$258/Sq Ft Est. Value

Last Sold February 03, 2022

Last sale price $1,000,000 $193 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,876/month

116 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Air Conditioning
  • Wood Flooring
  • 2 Car Attached Garage
  • Accessible Approach with Ramp

About This Home

As of February 2022

Rooming House- 15 rooms plus a 2 bedroom apartment. Totally remodeled 2020-2021- roof, windows, flooring, heating, septic & leach field. Paved parking, coin-op laundry, new sprinkler system, new kitchens, bathrooms and much more. Fully occupied with a waiting list!!

Last Agent to Sell the Property

Jay Sparrow

Allied Real Estate Listed on: 07/21/2021

Last Buyer's Agent

Karen Fox

North Point Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,860

Year Built

  • Built in 1900

Lot Details

  • 0.62 Acre Lot
  • Landscaped
  • Level Lot
  • Open Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Common or Shared Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Shared Driveway

Home Design

  • Rooming House
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,185 Sq Ft Home
  • Multi-Level Property
  • Fire Sprinkler System

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Shower Only

Unfinished Basement

  • Brick Basement
  • Interior Basement Entry

Accessible Home Design

  • Roll-in Shower
  • Doors are 36 inches wide or more
  • Accessible Approach with Ramp
  • Level Entry For Accessibility

Location

  • The property is located in a historic district

Utilities

  • Air Conditioning
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available
  • Septic System
  • Septic Design Available
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 6 / A
  • Assessor Parcel Number WINM-000045-000006-A000000

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Amenities

  • Coin Laundry

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $30,575
  • Gross Income $156,026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,860

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.62
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Near the corner of Rt2 202 and Windham Center Rd. Across the street from Corsetti's Variety.
  • Above Grade Finished Sq Ft: 5185.0
  • Architectural Style: Multi-Level, Rooming House
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.62
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 5185.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 16
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 156026.0
  • Income Expenses Operating Expenses: 30575.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Location:Historic District: Yes
  • Basement:BrickMortar: Yes
  • Equipment:Internet Access Available: Yes
  • Sewer:Septic Existing on Site: Yes
  • Sewer:Septic Design Available: Yes
  • Equipment:Cable: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Accessibilitiy Amenities:Ramped Main Level: Yes
  • Foundation Materials:Granite2: Yes
  • Cooling:AC Units: Yes
  • Misc Amenities Sprinkler: Yes
  • Amenities:Laundry - Coin: Yes
  • Accessibilitiy Amenities:Roll-in Shower: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Restrictions:No Cats Allowed: Yes
  • Style:Rooming House: Yes
  • Accessibilitiy Amenities 36 Inch Doors: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36+ Inch Doors, Level Entry, Accessible Approach with Ramp, Roll-in Shower
  • Has Basement: Bulkhead, Brick/Mortar, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Tile, Laminate
  • Interior Amenities: Shower

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Historic District
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Stone, Granite, Concrete Perimeter, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 11 - 20 Spaces, Paved, Common, Garage Door Opener

Utilities

  • Laundry Features: Laundry - Coin
  • Security: Sprinkler, Fire System
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer, Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Cats Allowed, No Dogs Allowed

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 27007.2
  • Parcel #: WINM-000045-000006-A000000
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 156026.0
  • Annual Operating Expense: 30575.0

Tax Info

  • Tax Annual Amount: 8860.0
  • Tax Block: A
  • Tax Book Number: 35095
  • Tax Lot: 6
  • Tax Map Number: 45
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Feb 3, 2022
Sold by
Bear Properties Llc
Bought by
448 Gray Rd Llc
Seller's Agent
Jay Sparrow
Allied Real Estate
Buyer's Agent
Karen Fox
North Point Realty LLC
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Current Estimated Value
$1,336,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,217
Avg. Annual Appreciation
8.26%
Original Mortgage
$750,000
Outstanding Balance
$695,584
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$640,633

Purchase Details

Closed on
Aug 24, 2018
Sold by
1 Northeast Road Llc
Bought by
Bear Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 20, 2018
Closed on
Mar 27, 2018
Sold by
Bennett Nellie P Est
Bought by
1 Northeast Road Llc
Seller's Agent
Payson Swan
Swan Real Estate LLC
Buyer's Agent
Fred Andrews
Spectrum Real Estate
List Price
$245,000
Sold Price
$195,000
Premium/Discount to List
-$50,000
-20.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.17%
Original Mortgage
$201,000
Interest Rate
4.32%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
448 Gray Rd Llc -- None Available
Bear Properties Llc -- --
1 Northeast Road Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 448 Gray Rd Llc $750,000
Previous Owner Bear Properties Llc $375,000
Previous Owner 1 Northeast Road Llc $201,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2022 02/03/22 Sold $1,000,000 -16.7% $193 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $1,200,000 +515.4% $231 / Sq Ft
03/23/2018 03/23/18 Sold $195,000 -20.4% $67 / Sq Ft
02/03/2018 02/03/18 Pending -- -- --
01/20/2018 01/20/18 For Sale $245,000 -- $84 / 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 $9,493 $827,600 $156,100 $671,500
2023 $8,234 $735,200 $145,300 $589,900
2022 $7,170 $617,600 $102,400 $515,200
2021 $6,959 $552,300 $87,500 $464,800
2020 $6,449 $429,900 $83,200 $346,700
2019 $4,443 $303,500 $83,200 $220,300
2018 $4,267 $281,100 $77,000 $204,100
2017 $3,695 $224,900 $56,400 $168,500
2016 $3,531 $224,900 $56,400 $168,500
2015 $3,407 $224,900 $56,400 $168,500
2014 $3,299 $224,900 $56,400 $168,500
2013 $3,250 $224,900 $56,400 $168,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1501640

Maine Listings

APN: WINM-000045-000006-A000000