NOT LISTED FOR SALE

56 Deering Rd Gorham, ME 04038

Estimated Value: $589,000 - $800,889

4 Beds
4 Baths
2,240 Sq Ft
$305/Sq Ft Est. Value

Last Sold August 01, 2022

Last sale price $555,000 $248 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,353/month

3 Days on Market

Highlights

  • 13.9 Acre Lot
  • Deck
  • No HOA
  • Narragansett Elementary School Rated A-
  • Wooded Lot
  • Porch

About This Home

As of August 2022

This Gorham duplex is a unique turnkey and cash-flowing investment opportunity. Professionally managed and maintained from day one, it has an excellent and highly profitable rental history.

This bright and pristine multi-family combines a great location with a spacious floor plan and charming features. Built in 2018, this duplex offers an open-concept galley kitchen and a generously sized living/dining room space. With vinyl plank flooring throughout the first floor, tall ceilings and a deck with a large backyard.

Each unit has two bedrooms, One and a half bathrooms, full unfinished basements with washer/dryer hookups and separate boilers. - Don't miss out on this great investment opportunity!

Last Agent to Sell the Property

Amy Foley

Signature Homes Real Estate Group, LLC Listed on: 06/23/2022

Co-Listed By

Micaela Sargent

Signature Homes Real Estate Group, LLC

Last Buyer's Agent

Carrie Scoville Amy Foley

The Maine Real Estate Network

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,023

Year Built

  • Built in 2018

Lot Details

  • Rural Setting
  • Wooded Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,240 Sq Ft Home
  • Concrete Flooring
  • Unfinished Basement
  • Doghouse Basement Entry

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Legal Lot and Block 102 / 6
  • Assessor Parcel Number GRHM-000014-000006-000102

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $14,539
  • Gross Income $43,960

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,023

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 13.9
  • Road Surface Type: Paved
  • Co List Office Mls Id: 3090
  • Co List Office Phone: 207-885-0500
  • MLS Status: Closed
  • Directions: County Rd to #56 Deering road on the left.
  • Above Grade Finished Sq Ft: 2240.0
  • Architectural Style: Townhouse
  • Garage Yn: No
  • Year Built: 2018
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 13.9
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2240.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 43960.0
  • Income Expenses Operating Expenses: 14539.0
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • Floors:Concrete2: Yes
  • Style:Townhouse: Yes
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Has Basement: Doghouse, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Flooring: Concrete

Exterior Features

  • Lot Features: Wooded, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 605484.0
  • Parcel #: GRHM-000014-000006-000102
  • Zoning: R-MH

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 43960.0
  • Annual Operating Expense: 14539.0

Tax Info

  • Tax Annual Amount: 7023.0
  • Tax Block: 6
  • Tax Book Number: 33940
  • Tax Lot: 102
  • Tax Map Number: 14
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 1, 2022
Sold by
Risbara Properties Llc
Bought by
Luna Realty Llc
Seller's Agent
Amy Foley
Signature Homes Real Estate Group, LLC
Buyer's Agent
Carrie Scoville Amy Foley
The Maine Real Estate Network
List Price
$525,000
Sold Price
$555,000
Premium/Discount to List
$30,000
5.71%
Total Days on Market
3
Current Estimated Value
$682,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,222
Avg. Annual Appreciation
7.57%
Original Mortgage
$416,250
Outstanding Balance
$400,834
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$281,388
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
Luna Realty Llc $555,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luna Realty Llc $416,250
Previous Owner Risbara Properties Llc $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2022 08/01/22 Sold $555,000 +5.7% $248 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $525,000 -- $234 / 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 $8,780 $597,300 $210,100 $387,200
2023 $8,213 $597,300 $210,100 $387,200
2022 $7,675 $597,300 $210,100 $387,200
2021 $7,023 $362,000 $148,200 $213,800
2020 $6,878 $362,000 $148,200 $213,800
2019 $6,860 $362,000 $148,200 $213,800
2018 $4,737 $260,300 $148,200 $112,100
2017 $587 $34,300 $34,300 $0
2016 $583 $34,300 $34,300 $0
2015 $854 $52,400 $52,400 $0
2014 $1,510 $86,800 $86,800 $0
2013 $1,502 $86,800 $86,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1533522

Maine Listings

APN: GRHM-000014-000006-000102