NOT LISTED FOR SALE

8 Teran St Gorham, ME 04038

Estimated Value: $354,000 - $389,375

3 Beds
1 Bath
864 Sq Ft
$425/Sq Ft Est. Value

Last Sold October 05, 2017

Last sale price $187,500 $217 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $2,245/month

54 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • No HOA
  • Village Elementary School Rated A-
  • Wood Flooring
  • Bathtub

About This Home

As of October 2017

Just reduced! A brand new high efficiency propane boiler just installed. Perfect starter or retirement home in the heart of Gorham Village. Easy commute to Portland & very close to schools. Own for less than you can rent. Qualified buyers can get no $$ down loan with seller paid closing costs & a total payment of $1245.00 per month (Rural Development loan with interest rate of 3.875; APR 4.107; financed over 30 years). Freshly painted throughout. House has a large deck and private fenced back yard.

Last Agent to Sell the Property

Bill Trask

Bean Group Listed on: 07/17/2017

Last Buyer's Agent

Shonn Moulton

Townsend Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,243

Year Built

  • Built in 1962

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot
  • Open Lot
  • Property is zoned UR

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 864 Sq Ft Home
  • Living Room
  • Dining Room

Kitchen

  • Electric Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed
  • Outbuilding

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 8TeranSTGorham10716

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,243

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Naragansett Street (Route 202) headed west from Village to left onto Teran Street just before bypass rotary to # 8 on the left.
  • Above Grade Finished Sq Ft: 864.0
  • Architectural Style: Ranch
  • Year Built: 1962
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 217.01
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 864.0
  • 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:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Electric Range: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:One-Floor Living: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Amenities:Bathtub: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Kitchen Countertop:Formica: Yes
  • Equipment:Cable: Yes
  • Basement:Sump Pump: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Just reduced! A brand new high efficiency propane boiler just installed. Perfect starter or retirement home in the heart of Gorham Village. Easy commute to Portland & very close to schools. Own for less than you can rent. Qualified buyers can get no $$ down loan with seller paid closing costs & a total payment of $1245.00 per month (Rural Development loan with interest rate of 3.875; APR 4.107; financed over 30 years). Freshly painted throughout. House has a large deck and private fenced back yard.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher
  • Has Basement: Full, Sump Pump, Exterior Entry, Bulkhead
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • 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: 6534.0
  • Parcel #: 8TeranSTGorham10716
  • Zoning: UR

Tax Info

  • Tax Annual Amount: 2243.0
  • Tax Lot: 16
  • Tax Year: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2022
Sold by
Moulton Shonn and Banks-Moulton Emily S
Bought by
Mokarzel Danielle K
Current Estimated Value
$366,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,125
Outstanding Balance
$254,641
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$112,203

Purchase Details

Listed on
Jul 17, 2017
Closed on
Oct 13, 2017
Sold by
Mulherin Jamie and Mulherin Tracey
Bought by
Moulton Emily S and Banks-Moulton Emily S
Seller's Agent
Bill Trask
Bean Group
Buyer's Agent
Shonn Moulton
Townsend Real Estate
List Price
$200,000
Sold Price
$187,500
Premium/Discount to List
-$12,500
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$140,625
Interest Rate
3.82%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Mokarzel Danielle K $287,500 None Available
Moulton Emily S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mokarzel Danielle K $273,125
Previous Owner Moulton Emily S $140,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2017 10/05/17 Sold $187,500 -6.3% $217 / Sq Ft
09/09/2017 09/09/17 Pending -- -- --
07/16/2017 07/16/17 For Sale $200,000 -- $231 / 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 $3,787 $257,600 $87,600 $170,000
2023 $3,542 $257,600 $87,600 $170,000
2022 $3,310 $257,600 $87,600 $170,000
2021 $2,559 $131,900 $59,400 $72,500
2020 $2,506 $131,900 $59,400 $72,500
2019 $2,500 $131,900 $59,400 $72,500
2018 $2,401 $131,900 $59,400 $72,500
2017 $2,255 $131,900 $59,400 $72,500
2016 $2,242 $131,900 $59,400 $72,500
2015 $2,150 $131,900 $59,400 $72,500
2014 $2,140 $123,000 $55,100 $67,900
2013 $2,128 $123,000 $55,100 $67,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Bill Trask

    Bean Group

  • S

    Buyer's Agent in 2017

    Shonn Moulton

    Townsend Real Estate

See All Agents

Map

Source: Maine Listings

MLS Number: 1316319

Maine Listings

APN: GRHM-000107-000016

Maine Cumberland County Gorham 04038

8 Teran St, Gorham, ME

Not Listed for Sale

Detached

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