$625,000
SOLD MAY 16, 2022

8 Fae Ln Unit 1 Gorham, ME 04038

4 Beds
2.5 Baths
2,745 Sq Ft
$219/mo HOA Fee

Recently Sold

$228 Per Sq Ft

101 Days on Market

Highlights

  • New Construction
  • Farmhouse Style Home
  • Cooling Available
  • Village Elementary School Rated A-
  • Bonus Room
  • Living Room

About This Home

As of May 2022

This is the last new construction home left on Fae Lane, and we saved the best for last! This 3 story, 4 bedroom, 2-1/2 bath farmhouse-style home will feature a spacious kitchen, vinyl plank floors, large bedrooms, and so much more! Construction is estimated to be 90 days from completion. Located within walking distance to everything Gorham Village has to offer, this is sure to go fast. Lock it up today!

Last Agent to Sell the Property

Josh Plowman

Plowman Realty Group Listed on: 10/14/2021

Last Buyer's Agent

Joshua Plowman

Bean Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,448

Year Built

  • Built in 2021 | New Construction

HOA Fees

  • $219 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Farmhouse Style Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,745 Sq Ft Home
  • Living Room
  • Dining Room
  • Bonus Room

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Grady Farms Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 / 78
  • Assessor Parcel Number 8faelanegorham04038

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,448

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$219 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: Grady Farms
  • Directions: Use 136 South street for GPS
  • Above Grade Finished Sq Ft: 2745.0
  • Architectural Style: Farmhouse
  • Garage Yn: Yes
  • New Construction: Yes
  • Year Built: 2021
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2745.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 219.0
  • Location Information:Fee Frequency Paid: Monthly
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Condominium:Unit Type: Condo
  • Condominium:FHA Certification2: No
  • Condominium:Units in Building: 1
  • Cooling:Heat Pump3: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Property Condition:New Construction: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Bonus Room:Bonus Room: Yes
  • Basement:Slab2: Yes
  • Property Sub-Type Property Sub-Type: Condominium
  • Special Features: NewHome

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Bedroom 2 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: Second
  • Bedroom 1:Bedroom 1 Level: Second

Exterior Features

  • Lot Features: Level, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Property Condition: New Construction
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 219.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Land Lease: No
  • Parcel #: 8faelanegorham04038
  • Zoning: UR

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 1.0
  • Tax Block: 78
  • Tax Book Number: 34820
  • Tax Lot: 16
  • Tax Map Number: 103
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2021
Closed on
May 16, 2022
Sold by
Plowman Dev Group Llc
Bought by
Eling Angelica L and Eling Ryan
Seller's Agent
Josh Plowman
Plowman Realty Group
Buyer's Agent
Josh Plowman
Bean Group
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.09%
Original Mortgage
$500,000
Outstanding Balance
$473,912
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$214,873
Source: Public Records

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Range of Values:

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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 $625,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $719,000 +15.0% $262 / Sq Ft
05/16/2022 05/16/22 Sold $625,000 0.0% $228 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
10/14/2021 10/14/21 For Sale $625,000 -- $228 / 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 $8,448 $574,700 $31,900 $542,800
2023 $7,902 $574,700 $31,900 $542,800
2022 $4,090 $318,300 $31,900 $286,400
2021 $1,282 $66,100 $66,100 $0
2020 $4,400 $231,600 $66,100 $165,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1512016

Maine Listings

APN: GRHM M:103 B:078 L:001