NOT LISTED FOR SALE

725 Gray Rd Gorham, ME 04038

Estimated Value: $477,000 - $598,000

4 Beds
4 Baths
2,000 Sq Ft
$261/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $285,000 $142 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $3,191/month

1 Day on Market

Highlights

  • 0.72 Acre Lot
  • No HOA
  • Level Lot
  • Great Falls Elementary School Rated A-
  • Baseboard Heating
  • Carpet

About This Home

As of July 2018

Excellent opportunity to own a productive income property in a great location! Each unit offers 2 bedroom 1.5 baths, and a full basement with washer and dryer hookups. There's plenty of storage and separate utilities. Updated roof and windows along with a new boiler in one unit. Spacious yard. Under 10 minutes to USM college and 20 minutes to the city! This will not last long!! Showings on Fridays from 2-4pm only.

Last Agent to Sell the Property

Alicia Frech Ashley Koss

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 06/01/2018

Last Buyer's Agent

Jennifer Sweeney

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,078

Year Built

  • Built in 1989

Lot Details

  • 0.72 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Carpet

Basement

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

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Natural Gas Not Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 107
  • Assessor Parcel Number GRHM-000111-000107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,078

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.72
  • MLS Status: Closed
  • Directions: From rotary in Windham take first right onto Gray road. 4.3 miles destination is on your left. Shared driveway with 729 Gray road parking is in the back.
  • Architectural Style: Duplex
  • Building Stories: 2
  • Year Built: 1989
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.72
  • Property Information:Total Baths: 4.0
  • 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:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Style:Duplex: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Fireplace: No
  • Flooring: Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 31363.2
  • Parcel #: GRHM-000111-000107
  • Zoning: UR

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3078.0
  • Tax Book Number: 26499
  • Tax Lot: 107
  • Tax Map Number: 111
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 30, 2018
Sold by
Richards Lee W and Richards Tiffany A
Bought by
Lapointe Jocelyn S and Lapointe Jared R
Seller's Agent
Alicia Frech Ashley Koss
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Jennifer Sweeney
Coldwell Banker Realty
List Price
$270,000
Sold Price
$285,000
Premium/Discount to List
$15,000
5.56%
Current Estimated Value
$522,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,477
Avg. Annual Appreciation
8.80%
Original Mortgage
$278,998
Outstanding Balance
$242,827
Interest Rate
4.6%
Mortgage Type
FHA
Estimated Equity
$279,650

Purchase Details

Closed on
Dec 12, 2008
Sold by
Thill Brian T and Fraser Thill Rebecca L
Bought by
Richards Lee W and Richards Tiffany A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.49%
Mortgage Type
Unknown
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
Lapointe Jocelyn S -- --
Richards Lee W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lapointe Jocelyn S $278,998
Previous Owner Richards Lee W $190,000
Previous Owner Richards Lee W $194,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2018 07/27/18 Sold $285,000 +5.6% $143 / Sq Ft
06/03/2018 06/03/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $270,000 -- $135 / 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 $5,049 $343,500 $63,200 $280,300
2023 $4,723 $343,500 $63,200 $280,300
2022 $4,414 $343,500 $63,200 $280,300
2021 $3,492 $180,000 $54,700 $125,300
2020 $3,420 $180,000 $54,700 $125,300
2019 $3,411 $180,000 $54,700 $125,300
2018 $3,276 $180,000 $54,700 $125,300
2017 $3,078 $180,000 $54,700 $125,300
2016 $3,060 $180,000 $54,700 $125,300
2015 $2,934 $180,000 $54,700 $125,300
2014 $2,694 $154,800 $40,300 $114,500
2013 $2,678 $154,800 $40,300 $114,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1353485

Maine Listings

APN: GRHM-000111-000107