NOT LISTED FOR SALE

6 Narragansett St Gorham, ME 04038

Estimated Value: $499,000 - $647,000

9 Beds
3 Baths
3,620 Sq Ft
$156/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $375,000 $104 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,522/month

69 Days on Market

Highlights

  • Nearby Water Access
  • Public Beach
  • Wooded Lot
  • Village Elementary School Rated A-
  • Colonial Architecture
  • Wood Flooring

About This Home

As of December 2021

Gorham Village 2-Unit. Walking distance to the University & downtown. This 2-unit investment property offers a spacious 1/2 acre lot with ample parking & backyard. Long term tenants in both units.

Last Agent to Sell the Property

Mike Griffin

PO-GO REALTY Listed on: 08/10/2021

Last Buyer's Agent

Shahida Keen

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,224

Year Built

  • Built in 1900

Lot Details

  • 0.46 Acre Lot
  • Public Beach
  • Landscaped
  • Level Lot
  • Open Lot
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,620 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub

Basement

  • Partial Basement
  • Interior and Exterior Basement Entry
  • Sump Pump
  • Crawl Space

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • Shed
  • Porch

Location

  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number GRHM-000105-000007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Breed Restrictions

Building Details

  • Operating Expense $6,195
  • Gross Income $27,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,224

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.46
  • MLS Status: Closed
  • Directions: Take Rt.25 west out of Gorham Village. Bear left onto Rt.202 (Narragansett St). #6 is on the left.
  • Above Grade Finished Sq Ft: 3620.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.46
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3620.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: 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:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Restrictions:Breed Restrictions: Yes
  • Water Heater:Electric2: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 27300.0
  • Income Expenses Operating Expenses: 6195.0
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Basement:Crawl Space: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Basement:Sump Pump: Yes
  • Building Info:_pound_ Floors3: 3
  • Other Structures:Shed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Crawl Space, Partial, Sump Pump, Exterior Entry, Interior Entry
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Stories: 3

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Wooded, Intown, Near Golf Course, Near Public Beach, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Breed Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20037.6
  • Parcel #: GRHM-000105-000007
  • Zoning: UR

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 27300.0
  • Annual Operating Expense: 6195.0

Tax Info

  • Tax Annual Amount: 4224.0
  • Tax Book Number: 9168
  • Tax Lot: 7
  • Tax Map Number: 105
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2023
Sold by
Schneck Kelly
Bought by
Faasse Ryan M and Schneck Kelly M
Current Estimated Value
$564,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Outstanding Balance
$93,802
Interest Rate
7.76%
Mortgage Type
FHA
Estimated Equity
$470,533

Purchase Details

Closed on
Oct 5, 2023
Sold by
Ferrare Jennie
Bought by
Schneck Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Outstanding Balance
$93,802
Interest Rate
7.76%
Mortgage Type
FHA
Estimated Equity
$470,533
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
Faasse Ryan M -- None Available
Schneck Kelly -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faasse Ryan M $95,000
Open Faasse Ryan M $365,000
Previous Owner Ferrare Jennie $368,207
Previous Owner Kenney Stephen J $155,000
Previous Owner Kenney Stephen J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $375,000 -14.8% $104 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $439,900 -- $122 / 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 $5,639 $383,600 $91,500 $292,100
2023 $5,275 $383,600 $91,500 $292,100
2022 $4,929 $383,600 $91,500 $292,100
2021 $4,336 $223,500 $80,300 $143,200
2020 $4,224 $222,300 $80,300 $142,000
2019 $4,213 $222,300 $80,300 $142,000
2018 $4,046 $222,300 $80,300 $142,000
2017 $3,801 $222,300 $80,300 $142,000
2016 $3,777 $222,200 $80,200 $142,000
2015 $3,622 $222,200 $80,200 $142,000
2014 $3,363 $193,300 $82,000 $111,300
2013 $3,344 $193,300 $82,000 $111,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1504540

Maine Listings

APN: GRHM-000105-000007