NOT LISTED FOR SALE

7 Rainbow Ln Gorham, ME 04038

North Gorham Neighborhood

Estimated Value: $545,000 - $608,013

3 Beds
2.5 Baths
1,792 Sq Ft
$325/Sq Ft Est. Value

Last Sold March 23, 2020

Last sale price $350,000 $195 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,752/month

5 Days on Market

Highlights

  • Nearby Water Access
  • View of Trees or Woods
  • Deck
  • Great Falls Elementary School Rated A-
  • Colonial Architecture
  • Wooded Lot

About This Home

As of March 2020

Welcome Home! This move-in ready 2014 3 bdrm, 2.5 bath upgraded Colonial is just the home you've been waiting for. This spacious home is in a quiet neighborhood on a dead end street, just steps away from the secret fly fishing and swimming spot of the North Gorham Pond and library. It's also short 8 minute drive to downtown Windham for all your shopping needs. You need to see, feel and tour this amazing home for yourself, schedule your showing today.

Last Agent to Sell the Property

Victor Chau

Berkshire Hathaway HomeServices Verani Realty Brokerage Phone: (207)749-4699 Listed on: 01/22/2020

Berkshire Hathaway HomeServices Verani Realty

Last Buyer's Agent

Daniel Azer

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,427

Year Built

  • Built in 2014

Lot Details

  • 1.42 Acre Lot
  • Street terminates at a dead end
  • Rural Setting
  • Open Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned Suburban Residential

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,792 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Views of Woods
  • Laundry on main level

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Shower Only

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • Deck
  • Patio

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Septic System
  • Private Sewer
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Legal Lot and Block 2 / 6
  • Assessor Parcel Number GRHM-000112-000006-000002

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,427

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.42
  • Road Surface Type: Paved
  • Water Body Name: North Gorham Pond
  • MLS Status: Closed
  • Directions: From Great Falls Elementary / Little Falls, follow 237N (Sebego Lake Rd north), right on North Gorham Rd, go past the North Gorham Library and left on Rainbow Lane. The beautiful home is the 2nd home on your right.
  • Above Grade Finished Sq Ft: 1792.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Efficiency: Tankless Water Heater, High Efficiency Water Heater, Double Pane Windows
  • Year Built: 2014
  • Attribution Contact: (207)749-4699
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.42
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1792.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Exterior:Vinyl Siding: Yes
  • Kitchen Countertop:Granite: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Style:Colonial: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Location:Rural: Yes
  • Roads:Dead End: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Energy Efficiency:Tankless Water Heater: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Microwave, Electric Range, Dishwasher
  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Walk-in Closets, Shower, Primary Bedroom w/Bath
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Wooded, Near Shopping, Near Town, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, 5 - 10 Spaces, Paved, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 61855.2
  • Parcel #: GRHM-000112-000006-000002
  • Zoning: Suburban Residential

Tax Info

  • Tax Annual Amount: 4427.0
  • Tax Block: 6
  • Tax Book Number: 31587
  • Tax Lot: 2
  • Tax Map Number: 112
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2020
Closed on
Mar 23, 2020
Sold by
Morgan Elisha J and Morgan John C
Bought by
Imran Zainab A and Alasadi Maher D
Seller's Agent
Victor Chau
Berkshire Hathaway HomeServices Verani Realty
Buyer's Agent
Daniel Azer
Keller Williams Realty
List Price
$345,000
Sold Price
$350,000
Premium/Discount to List
$5,000
1.45%
Current Estimated Value
$591,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,654
Avg. Annual Appreciation
9.89%
Original Mortgage
$332,500
Outstanding Balance
$296,464
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$285,371

Purchase Details

Closed on
Jun 25, 2014
Sold by
Sam Strumph Builders Llc
Bought by
Morgan Elisha J and Morgan John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
4.19%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Imran Zainab A -- None Available
Morgan Elisha J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Imran Zainab A $332,500
Previous Owner Morgan Elisha J $220,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2020 03/23/20 Sold $350,000 +1.4% $195 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $345,000 -- $193 / 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 $6,150 $418,400 $90,300 $328,100
2023 $5,753 $418,400 $90,300 $328,100
2022 $5,376 $418,400 $90,300 $328,100
2021 $4,532 $233,600 $69,500 $164,100
2020 $4,438 $233,600 $69,500 $164,100
2019 $4,427 $233,600 $69,500 $164,100
2018 $4,252 $233,600 $69,500 $164,100
2017 $3,995 $233,600 $69,500 $164,100
2016 $3,973 $233,700 $69,600 $164,100
2015 $3,809 $233,700 $69,600 $164,100
2014 $1,984 $114,000 $56,400 $57,600
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2020

    Victor Chau

    Berkshire Hathaway HomeServices Verani Realty

    (207) 749-4699

    54 Total Sales

    Section Image

  • D

    Buyer's Agent in 2020

    Daniel Azer

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1442911

Maine Listings

APN: GRHM-000112-000006-000002

Maine Cumberland County Gorham 04038 North Gorham

7 Rainbow Ln, Gorham, ME

This home is located at 7 Rainbow Ln, Gorham, ME 04038 since 22 January 2020 and is currently estimated at $582,253, approximately $324 per square foot. This property was built in 2014. 7 Rainbow Ln is a home located in Cumberland County with nearby schools including Great Falls Elementary School, Gorham Middle School, and Gorham High School.

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