NOT LISTED FOR SALE

508 Ossipee Trail E Gorham, ME 04038

Estimated Value: $336,000 - $376,261

3 Beds
1 Bath
1,111 Sq Ft
$325/Sq Ft Est. Value

Sale Details

Date Sold: November 25, 2024

Last sale price $367,900 $331 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,242 / mo

48 Days on Market

Highlights

  • Public Beach
  • Deck
  • New Englander Architecture
  • Village Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of November 2024

NEAR SEBAGO LAKE just minutes to one of the best lakes in Maine. as well as restaraunts, and shopping. 3 BR 1 bath home on open and sunny 1 acre lot. Newer 3 car garage and large paved driveway. Home has many updates, kitchen, flooring, large deck, appliances, large 3 car garage and more. Subject to seller closing on new home 11/14/24.

Last Agent to Sell the Property

Phil Verrill

Verrill Real Estate, Inc Listed on: 08/27/2024

Co-Listed By

Chad Kirk

Verrill Real Estate, Inc

Last Buyer's Agent

Keith Nicely

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,910

Year Built

  • Built in 1940

Lot Details

  • 1 Acre Lot
  • Public Beach
  • Level Lot
  • Open Lot
  • Property is zoned SR

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,111 Sq Ft Home
  • Living Room
  • Laundry Room
  • Unfinished Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 0018
  • Assessor Parcel Number 508ossipeetrailgorham04038

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,910

Year Built

Built in 1940

Lot Details

1 Acres

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Road Surface Type: Paved
  • Co List Office Phone: 207-756-0649
  • MLS Status: Closed
  • Directions: Take Ossipee Trail #508 Rt 25, look for sign.
  • Above Grade Finished Sq Ft: 1111.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 323.94
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.0
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1111.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Property Information:Garage Spaces: 3.0
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Parking:Paved3: Yes
  • Water:Private2: Yes
  • Laundry Room:Laundry Room: Yes
  • Style:New Englander: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: NEAR SEBAGO LAKE just minutes to one the best lakes in Maine. as well as restaraunts, and shopping. 3 BR 1 bath home on open and sunny 1 acre lot. Newer 3 car garage and large paved driveway. Home has many updates, kitchen, flooring, large deck, appliances, large 3 car garage and more. Subject to seller closing on new home 11/14/24.
  • Special Features: None

Interior Features

  • Has Basement: Bulkhead, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Wood, Carpet
  • Bedroom 2 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Laundry Room Laundry Room Level: First

Exterior Features

  • Lot Features: Open, Level, Near Public Beach, Near Town, Retail Strip
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: 508ossipeetrailgorham04038
  • Zoning: SR

Tax Info

  • Tax Annual Amount: 2910.0
  • Tax Lot: 0018
  • Tax Year: 2024

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
Aug 27, 2024
Closed on
Nov 25, 2024
Sold by
Bought by
Seller's Agent
Phil Verrill
Verrill Real Estate, Inc
Buyer's Agent
Keith Nicely
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$399,000
Sold Price
$367,900
Premium/Discount to List
-$31,100
-7.79%
Views
131
Current Estimated Value
$361,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,335
Avg. Annual Appreciation
-1.10%
Original Mortgage
$361,235
Outstanding Balance
$356,335
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$5,230

Purchase Details

Closed on
Sep 21, 2016
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
$95,441
Interest Rate
3.25%
Mortgage Type
FHA
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
$367,900 None Available
$367,900 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 $361,235
Closed $361,235
Previous Owner $95,441
Previous Owner $77,000
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
11/25/2024 11/25/24 Sold $367,900 +2.2% $331 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
10/11/2024 10/11/24 Price Changed $359,900 -2.7% $324 / Sq Ft
09/28/2024 09/28/24 Price Changed $369,900 -1.4% $333 / Sq Ft
09/13/2024 09/13/24 Price Changed $375,000 -3.6% $338 / Sq Ft
09/06/2024 09/06/24 Price Changed $389,000 -2.5% $350 / Sq Ft
08/27/2024 08/27/24 For Sale $399,000 -- $359 / 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 $3,502 $236,600 $73,200 $163,400
2024 $3,478 $236,600 $73,200 $163,400
2023 $3,253 $236,600 $73,200 $163,400
2022 $3,040 $236,600 $73,200 $163,400
2021 $2,607 $134,400 $54,000 $80,400
2020 $2,554 $134,400 $54,000 $80,400
2019 $2,547 $134,400 $54,000 $80,400
2018 $1,840 $101,100 $54,000 $47,100
2017 $1,729 $101,100 $54,000 $47,100
2016 $1,719 $101,100 $54,000 $47,100
2015 $1,648 $101,100 $54,000 $47,100
2014 $1,580 $90,800 $49,700 $41,100
2013 $1,571 $90,800 $49,700 $41,100
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Phil Verrill

    Verrill Real Estate, Inc

    (207) 756-0649

    2 in this area

    83 Total Sales

    Phil Verrill
    Section Image

  • C

    Seller Co-Listing Agent in 2024

    Chad Kirk

    Verrill Real Estate, Inc

    (207) 852-8567

    1 in this area

    55 Total Sales

    Chad Kirk
    Section Image

  • K

    Buyer's Agent in 2024

    Keith Nicely

    Better Homes & Gardens Real Estate/The Masiello Group

    Section Image
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Map

Source: Maine Listings

MLS Number: 1601761

Maine Listings

APN: GRHM-000076-000018

Maine Cumberland County Gorham 04038

508 Ossipee Trail E, Gorham, ME

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