$249,000
SOLD AUG 30, 2024

7 Lancaster Rd Gorham, NH 03581

3 Beds
2 Baths
1,609 Sq Ft
0.53 Acres

Recently Sold

$155 Per Sq Ft

23% Below List Price

226 Days on Market

Highlights

  • Barn
  • Wooded Lot
  • Farmhouse Style Home
  • Wood Burning Stove
  • Softwood Flooring
  • Covered patio or porch

About This Home

As of August 2024

Located in the heart of Gorham, this mixed-use zoned property offers a little bit of everything. The large barn with utilities can be used for a business with plenty of car traffic or as a hobbyist’s haven. Store your toys or equipment fully protected from the elements. Revenue opportunities exist with the street front signage post that can accommodate up to three signs or market the home on Air B&B which has been done successfully in the past. Winter time is fun time in Gorham. ATV/Snowmobile trails are mile down Rt 16 and the barn is ideal for storing your rides. The 3-bedroom, 2-bathroom home possesses wonderful character with a farmer’s porch, hard wood flooring, tin ceilings, wood burning stove and much more. Enter the home into the kitchen dining area and enjoy the island bar dining option, plenty of room for a dining table or sitting area near the wood burning stove. Closet doors hide a 1st floor laundry closet. A cozy living room with decorative ceiling panels/millwork features also holds a modern pellet stove for additional heat and ambience. The front room/den could be used as a 4th bedroom since the first-floor layout provides a full bathroom. Average Airbnb net income $21,500, 85 nights. Commercial signage revenue potential of $7,200 a year.

Last Agent to Sell the Property

Jim Harvey

Keller Williams Realty-Metropolitan License #076534 Listed on: 11/21/2023

Keller Williams Realty-Metropolitan

Last Buyer's Agent

Lucie Remillard

RE/MAX Northern Edge Realty LLC License #047111

RE/MAX Northern Edge Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,514

Year Built

  • Built in 1900

Lot Details

  • 0.53 Acre Lot
  • Level Lot
  • Open Lot
  • Wooded Lot
  • Property is zoned CA

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Burning Stove
  • Double Pane Windows
  • Window Screens
  • ENERGY STAR Qualified Dryer

Kitchen

  • Electric Range
  • Stove
  • ENERGY STAR Qualified Dishwasher

Flooring

  • Softwood
  • Tile
  • Slate Flooring
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Up Access
  • Connecting Stairway

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Covered patio or porch
  • Outdoor Storage
  • Outbuilding

Schools

  • Edward Fenn Elementary School
  • Gorham Middle School
  • Gorham High School

Utilities

  • Pellet Stove burns compressed wood to generate heat
  • Vented Exhaust Fan
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Radiant Heating System
  • 200+ Amp Service
  • 110 Volts
  • Internet Available
  • Phone Available

Additional Features

  • City Lot
  • Barn

Community Details

  • Trails

Listing and Financial Details

  • Tax Lot L5

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,514

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: Follow US 2 toward Rt 16. House will be on your right.
  • Units per Building: 1
  • Assessment Amount: 268600
  • Assessment Year: 2022
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 154.75
  • Property Class: Residential
  • Property Type: Single Family
  • Year Built: 1900
  • Remarks Public: Located in the heart of Gorham, this mixed-use zoned property offers a little bit of everything. The large barn with utilities can be used for a business with plenty of car traffic or as a hobbyist’s haven. Store your toys or equipment fully protected from the elements. Revenue opportunities exist with the street front signage post that can accommodate up to three signs or market the home on Air B&B which has been done successfully in the past. Winter time is fun time in Gorham. ATV/Snowmobile trails are ½ mile down Rt 16 and the barn is ideal for storing your rides. The 3-bedroom, 2-bathroom home possesses wonderful character with a farmer’s porch, hard wood flooring, tin ceilings, wood burning stove and much more. Enter the home into the kitchen dining area and enjoy the island bar dining option, plenty of room for a dining table or sitting area near the wood burning stove. Closet doors hide a 1st floor laundry closet. A cozy living room with decorative ceiling panels/millwork features also holds a modern pellet stove for additional heat and ambience. The front room/den could be used as a 4th bedroom since the first-floor layout provides a full bathroom. Average Airbnb net income $21,500, 85 nights. Commercial signage revenue potential of $7,200 a year.
  • List Agent: 286198
  • Display On Internet: Internet - Cable
  • Architectural Style: Farmhouse
  • ResoLotFeatures: City Lot, Landscaped, Level, Open, Recreational, Sloping, Walking Trails, Wooded
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher - Energy Star, Dryer - Energy Star, Range - Electric, Refrigerator-Energy Star, Washer - Energy Star, Stove - Electric, Water Heater - Off Boiler, Water Heater - Oil, Vented Exhaust Fan
  • Equipment: CO Detector, Smoke Detectr-HrdWrdw/Bat, Stove-Pellet, Stove-Wood
  • Features Accessibility: 1st Floor Full Bathroom
  • Total Bedrooms: 3
  • Flooring: Hardwood, Slate/Stone, Softwood, Tile, Vinyl
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Bulkhead, Concrete Floor, Stairs - Interior, Unfinished, Stairs - Basement
  • Level 1: Level 1: Bath - Full, Level 1: Den, Level 1: Kitchen/Dining, Level 1: Living Room
  • Level 2: Level 2: Bedroom, Level 2: Bath - Full, Level 2: Primary Bedroom, Level 2: Studio
  • Room 1: Kitchen/Dining, 17'9" x 20'7", On Level: 1
  • Room 2: Living Room, 12'7" x 21'2", On Level: 1
  • Room 3: Bath - Full, 8'7" x 6'1 ', On Level: 1
  • Room 4: Den, 10'1" x 16'6", On Level: 1
  • Room 5: 2, 16'1" x 10'2"
  • Room 6: Bedroom, 9'5" x 12'2", On Level: 2
  • Room 7: Bath - Full, 9'5" x 4'8", On Level: 2
  • Room 8: Studio, 23' x 12'1", On Level: 2
  • Sq Ft - Apx Finished AG: 1609
  • Sq Ft - Apx Total: 1883
  • Sq Ft - Apx Total Finished: 1609
  • Sq Ft - Apx Unfinished BG: 274

Exterior Features

  • Driveway: Paved
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle, Shingle - Other
  • Features Exterior: Barn, Building, Outbuilding, Porch, Porch - Covered, Storage, Window Screens, Windows - Double Pane
  • Construction Type: Wood Frame, Glass Exterior, Wood Exterior, Wood Siding

Garage/Parking

  • Parking: Driveway, Off Street, On-Site, Parking Spaces 6+, Paved

Utilities

  • Cable Company: Spectrum
  • Electric: 110 Volt, 200 Amp
  • Fuel Company: Brown Energy
  • Sewer: Public, Public Sewer On-Site
  • Heating Fuel: Electric, Oil, Pellet, Wood
  • Heating: Baseboard, Hot Water, Radiant
  • Electric Company: Eversource
  • Phone Company: Spectrum
  • Utilities: Phone, Telephone At Site
  • Water Source: Public, Public Water - On-Site

Schools

  • School District: Gorham School District SAU #20
  • Elementary School: Edward Fenn School
  • Middle School: Gorham Middle School
  • High School: Gorham High School
  • Elementary School: Edward Fenn School
  • High School: Gorham High School

Lot Info

  • Map: U8
  • Lot: L5
  • Lot Sq Ft: 23087
  • Lot Acres: 0.53
  • Row Parcel Access: Unknown
  • Surveyed: Unknown
  • Zoning: CA
  • Deed Book: 1476
  • Deed Page: 0960
  • Deed Recorded Type: Warranty

Rental Info

  • Rental Amount: 1580
  • Rented: Yes

Tax Info

  • Tax Gross Amount: 6514
  • Tax Year: 2022

MLS Schools

  • School District: Gorham School District SAU #20
  • School Middle Jr: Gorham Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2023
Closed on
Aug 30, 2024
Sold by
Hml Property Mgmt Llc
Bought by
Emerson Shaylyn M and Warcewicz Craig
Seller's Agent
Jim Harvey
Keller Williams Realty-Metropolitan
Buyer's Agent
Lucie Remillard
RE/MAX Northern Edge Realty LLC
List Price
$325,000
Sold Price
$249,000
Premium/Discount to List
-$76,000
-23.38%
Views
825
Current Estimated Value
$252,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,128
Avg. Annual Appreciation
1.55%
Original Mortgage
$241,530
Outstanding Balance
$240,055
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$12,073

Purchase Details

Listed on
Jan 13, 2016
Closed on
Nov 15, 2017
Sold by
Barreira Miguel and Barreira Sandra
Bought by
Linehan Lawrence W and Linehan Lawrence D
Buyer's Agent
Jennifer Stewart
RE/MAX Northern Edge Realty LLC
List Price
$110,000
Sold Price
$95,000
Premium/Discount to List
-$15,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.25%

Purchase Details

Listed on
Aug 31, 2013
Closed on
Jul 31, 2014
Sold by
Anne E Carter Ret
Bought by
Barreira Sandra and Barreira Miguel
Seller's Agent
Margaret Munck
Bean Group / Portsmouth
Buyer's Agent
Bill Munck
Bean Group / Portsmouth
List Price
$149,900
Sold Price
$106,000
Premium/Discount to List
-$43,900
-29.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.27%
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 Type Sale Price Title Company
Warranty Deed $249,000 None Available
Warranty Deed $249,000 None Available
Warranty Deed $249,000 None Available
Warranty Deed $95,000 --
Warranty Deed $95,000 --
Warranty Deed $95,000 --
Warranty Deed $106,000 --
Warranty Deed $106,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $241,530 Purchase Money Mortgage
Closed $241,530 Purchase Money Mortgage
Previous Owner $20,000 Commercial
Closed $0 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2024 08/30/24 Sold $249,000 0.0% $155 / Sq Ft
07/04/2024 07/04/24 Pending -- -- --
06/20/2024 06/20/24 Price Changed $249,000 -10.8% $155 / Sq Ft
06/18/2024 06/18/24 Price Changed $279,000 -0.4% $173 / Sq Ft
06/06/2024 06/06/24 Price Changed $280,000 +0.2% $174 / Sq Ft
05/20/2024 05/20/24 Price Changed $279,500 +0.2% $174 / Sq Ft
05/02/2024 05/02/24 Price Changed $279,000 -7.9% $173 / Sq Ft
04/24/2024 04/24/24 Price Changed $303,000 -0.7% $188 / Sq Ft
04/09/2024 04/09/24 Price Changed $305,000 +1.7% $190 / Sq Ft
03/25/2024 03/25/24 Price Changed $300,000 -1.6% $186 / Sq Ft
02/27/2024 02/27/24 Price Changed $305,000 +1.7% $190 / Sq Ft
01/25/2024 01/25/24 Price Changed $300,000 -7.7% $186 / Sq Ft
11/21/2023 11/21/23 For Sale $325,000 +242.1% $202 / Sq Ft
11/15/2017 11/15/17 Sold $95,000 -13.6% $100 / Sq Ft
10/06/2017 10/06/17 For Sale $110,000 0.0% $116 / Sq Ft
07/18/2017 07/18/17 Pending -- -- --
06/16/2017 06/16/17 For Sale $110,000 0.0% $116 / Sq Ft
06/16/2017 06/16/17 Price Changed $110,000 0.0% $116 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
01/13/2016 01/13/16 For Sale $110,000 +3.8% $116 / Sq Ft
07/31/2014 07/31/14 Sold $106,000 -29.3% $65 / Sq Ft
06/01/2014 06/01/14 Pending -- -- --
08/31/2013 08/31/13 For Sale $149,900 -- $92 / Sq Ft
Source: PrimeMLS

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 $7,599 $268,600 $24,800 $243,800
2023 $6,594 $268,600 $24,800 $243,800
2022 $6,514 $268,600 $24,800 $243,800
2021 $4,286 $120,400 $19,500 $100,900
2020 $3,835 $120,400 $19,500 $100,900
2019 $4,066 $120,400 $19,500 $100,900
2018 $4,396 $120,400 $19,500 $100,900
2017 $4,088 $120,400 $19,500 $100,900
2014 $3,715 $121,100 $29,400 $91,700
2010 $4,694 $196,000 $34,200 $161,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4978386

PrimeMLS

APN: GORH-000008-000000-000005-U000000