NOT LISTED FOR SALE

725 Gray Rd Gorham, ME 04038

Estimated Value: $467,000 - $578,000

4 Beds
4 Baths
2,000 Sq Ft
$260/Sq Ft Est. Value

Sale Details

Date Sold: July 27, 2018

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

Est. 78% increase in value since last sale

Current estimated payment $3,180 / mo

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

  • 31,363 Sq Ft 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

0.72 Acres

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
  • Advertising Remarks:Advertising Remarks: 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.
  • 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 Lot: 107
  • 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
$508,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,279
Avg. Annual Appreciation
7.99%
Original Mortgage
$278,998
Outstanding Balance
$240,311
Interest Rate
4.6%
Mortgage Type
FHA
Estimated Equity
$279,661

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Lapointe Jocelyn S -- --
Richards Lee W -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 List to Sale Price per Sq Ft
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

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
2025 $5,084 $343,500 $63,200 $280,300
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

  • A

    Seller's Agent in 2018

    Alicia Frech Ashley Koss

    Better Homes & Gardens Real Estate/The Masiello Group

  • J

    Buyer's Agent in 2018

    Jennifer Sweeney

    Coldwell Banker Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1353485

Maine Listings

APN: GRHM-000111-000107

Maine Cumberland County Gorham 04038

725 Gray Rd, Gorham, ME

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