NOT LISTED FOR SALE

82 Egypt Rd Gray, ME 04039

Estimated Value: $445,000 - $529,000

4 Beds
2 Baths
1,960 Sq Ft
$246/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $420,000 $214 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,799/month

6 Days on Market

Highlights

  • Nearby Water Access
  • Deck
  • No HOA
  • Scenic Views
  • Wooded Lot
  • Shed

About This Home

As of July 2023

This 2-unit property, nestled on 2 acres and surrounded by a freshwater marsh, offers an idyllic setting filled with natural beauty. Experience tranquility as you observe wildlife from your own backyard, and follow a small path to a point where you will find a fire pit to relax and enjoy the peacefulness of your surroundings. This property serves as your own private sanctuary, allowing you and/or your tenants to embrace the great outdoors all year round, thanks to the nearby recreational trails at the 1,050 acre Morgan Meadow Wildlife Management Area, just 1 mile away. Each unit features 2 bedrooms, 1 bathroom, a washer and dryer, plenty of room for parking, a private entrance, individual utilities, and a well-designed layout for comfortable living. Ample storage is available in the sheds in each unit's private backyard.

This location is ideal, positioned just 30 minutes away from three major job markets in Portland, Brunswick, and Lewiston/Auburn. Both fiber and cable internet is available at this location for those who work remotely. Pineland Farms and its recreational opportunities along with a Unity College campus is just 15 minutes away. Access to several lakes is just a stone's throw away, including Crystal Lake and its boat launch and resident-only beach, just 1.4 miles away.

If you are priced out of the single-family home market or seeking to expand your investment portfolio, seize this chance to own an income-producing property surrounded by picturesque scenery.

To view a true video walk through, visit YouTube and type in the property address.

Open house Saturday, 6/10, from 10AM to noon.

Last Agent to Sell the Property

Derek Goff Joseph Tomazin

Bean Group Listed on: 06/07/2023

Last Buyer's Agent

Keith Kennedy

Berkshire Hathaway HomeServices Northeast Real Estate

Berkshire Hathaway HomeServices Northeast Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,471

Year Built

  • Built in 1987

Lot Details

  • 2 Acre Lot
  • Rural Setting
  • Wooded Lot

Parking

  • Gravel Driveway

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 1,960 Sq Ft Home
  • Scenic Vista Views
  • Laundry on upper level

Flooring

  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Nearby Water Access
  • Deck
  • Shed

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 4-20-1
  • Assessor Parcel Number GRAY-000007-000004-000020-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $11,097
  • Gross Income $37,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,471

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly. Egypt Road to #82.
  • Above Grade Finished Sq Ft: 1960.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Year Built: 1987
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1960.0
  • Property Information:Garage: No
  • Location:Near Golf Course: 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
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 37200.0
  • Income Expenses Operating Expenses: 11097.0
  • Sewer:Private Sewer: Yes
  • Style:Duplex: Yes
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Other Structures:Shed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: Pantry

Exterior Features

  • Lot Features: Wooded, Near Golf Course, Near Turnpike/Interstate, Rural
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Gravel

Utilities

  • Laundry Features: Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 87120.0
  • Parcel #: GRAY-000007-000004-000020-000001
  • Zoning: LR and RP

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 37200.0
  • Annual Operating Expense: 11097.0

Tax Info

  • Tax Annual Amount: 3471.0
  • Tax Book Number: 38588
  • Tax Lot: 4-20-1
  • Tax Map Number: 7
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Jul 21, 2023
Sold by
Goff Derek and Goff Haley
Bought by
Al-Freihy Haidar
Seller's Agent
Derek Goff Joseph Tomazin
Bean Group
Buyer's Agent
Keith Kennedy
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$414,000
Sold Price
$420,000
Premium/Discount to List
$6,000
1.45%
Current Estimated Value
$454,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,991
Avg. Annual Appreciation
6.91%
Original Mortgage
$336,000
Outstanding Balance
$329,522
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$152,416

Purchase Details

Listed on
Jun 23, 2021
Closed on
Aug 24, 2021
Sold by
Kraus Christopher G
Bought by
Goff Derek and Goff Haley
Seller's Agent
Amy Tarbox
Bean Group
Buyer's Agent
Derek Goff Joseph Tomazin
Signature Homes Real Estate Group, LLC
List Price
$365,000
Sold Price
$336,375
Premium/Discount to List
-$28,625
-7.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.33%
Original Mortgage
$252,200
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 16, 2016
Closed on
Oct 31, 2016
Sold by
Stuteville Larry
Bought by
Kraus Christopher G
Seller's Agent
Jonathan Tupper
Assist 2 Sell Buyers & Sellers Realty
Buyer's Agent
Taylor Candage
Keller Williams Realty
List Price
$235,000
Sold Price
$222,800
Premium/Discount to List
-$12,200
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$223,870
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 12, 2005
Sold by
Lamkin Kevin M
Bought by
Stuteville Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Al-Freihy Haidar $420,000 None Available
Goff Derek -- Stewart Title
Kraus Christopher G -- --
Stuteville Larry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Al-Freihy Haidar $336,000
Previous Owner Goff Derek $252,200
Previous Owner Kraus Christopher G $223,870
Previous Owner Stuteville Larry $172,200
Previous Owner Stuteville Larry $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $420,000 +1.4% $214 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $414,000 +23.1% $211 / Sq Ft
08/24/2021 08/24/21 Sold $336,375 -7.8% $172 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $365,000 +63.8% $186 / Sq Ft
10/18/2016 10/18/16 Sold $222,800 -5.2% $116 / Sq Ft
09/06/2016 09/06/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $235,000 -- $122 / 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 $3,693 $380,700 $113,000 $267,700
2023 $3,777 $248,800 $65,600 $183,200
2022 $3,471 $248,800 $65,600 $183,200
2021 $3,249 $222,400 $65,600 $156,800
2020 $3,280 $222,400 $65,600 $156,800
2019 $3,280 $222,400 $65,600 $156,800
2018 $2,834 $222,400 $65,600 $156,800
2017 $2,518 $132,500 $47,000 $85,500
2016 $2,425 $132,500 $47,000 $85,500
2015 $2,412 $132,500 $47,000 $85,500
2014 $2,412 $132,500 $47,000 $85,500
2012 $2,072 $130,742 $47,000 $83,742
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1561382

Maine Listings

APN: GRAY-000007-000004-000020-000001