Seller's Agent in 2024
Peter Mason
PO-GO REALTY
(207) 632-8822
5 in this area
342 Total Sales
847 Gray Rd Gorham, ME 04038
Little Falls NeighborhoodEstimated Value: $544,000 - $821,000
8
Beds
3
Baths
5,607
Sq Ft
$131/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- 153 Feet of Waterfront
- Colonial Architecture
- Great Falls Elementary School Rated A-
- 1.24 Acre Lot
- Wood Flooring
About This Home
As of May 2024This remarkable Federal style building is currently configured as a two-unit offering over 5600sqft of living space with plenty of parking and 153 feet of Presumpscot River frontage with its own dock. Gorgeous upscale rental units with 8 huge bedrooms, wood floors, exposed beams, custom granite kitchens, built-ins and period details throughout. Unit #1 located on the first floor offers 2448 sqft, a 3-bedroom unit. Unit #2 located on the 2nd and 3rd floors offers 3159 sqft, a 5-bedroom unit. The sellers have replaced the windows in the main house and replaced the roof shingles. This property has great visibility located in the heart of Gorham's Little Falls District, the current focus of a joint effort between Gorham and Windham with a Master Revitalization Plan underway. The current zone allows for mixed use and rooming houses like reentry or courage houses. Also, part of Gorham's Small Dwelling Overlay District lucrative for reconfiguring with more units. Join other investors like JCS Properties, LLC who just launched Red City Ale House, STJ, Inc who just completed an 8-unit condo project, Depot Street new apartment complex and Backwoods BBQ along with the Gorham Economic Development Corporation that sponsors the Food Truck Thursday's event at Little Falls Recreational Area. This property would be a great investment or multi-generational home with plenty of room for most any family.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,039
Year Built
- Built in 1824
Lot Details
- 1.24 Acre Lot
- 153 Feet of Waterfront
- River Front
- Landscaped
Home Design
- Colonial Architecture
- Federal Architecture
- Block Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 3 Full Bathrooms
- 5,607 Sq Ft Home
- 3-Story Property
- 2 Fireplaces
- Double Pane Windows
- Washer and Dryer Hookup
Flooring
- Wood
- Tile
Unfinished Basement
- Doghouse Basement Entry
- Interior and Exterior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
Outdoor Features
- Deeded Waterfront Access Rights
- River Nearby
Location
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Hot Water Heating System
- Natural Gas Not Available
- Internet Available
Listing and Financial Details
- Tax Lot 94
- Assessor Parcel Number GRHM-000111-000094
Community Details
Overview
- No Home Owners Association
- 2 Units
Additional Features
- Community Storage Space
- Operating Expense $29,771
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 3, 2023
Sold by
Wood Richard L and Holden Lindsay J
Bought by
Wood Richard and Holden Lindsay J
Current Estimated Value
Purchase Details
Closed on
Sep 23, 2015
Sold by
Mccann Alexander F and Wilmington Svcng Fund Tr
Bought by
Wilmington Svcng Fund Tr
Purchase Details
Closed on
May 31, 2005
Sold by
Leach Pamela G and Leach William O
Bought by
Mccann Alexander F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,900
Interest Rate
5.94%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wood Richard | -- | None Available | |
| Wilmington Svcng Fund Tr | -- | -- | |
| Mccann Alexander F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Holden Lindsay J | $350,000 | |
| Previous Owner | Holden Lindsay J | $308,000 | |
| Previous Owner | Wood Richard L | $153,750 | |
| Previous Owner | Mccann Alexander F | $90,000 | |
| Previous Owner | Mccann Alexander F | $347,900 | |
| Previous Owner | Mccann Alexander F | $86,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2024 05/03/24 | Sold | $765,000 | -4.3% | $136 / Sq Ft |
| 04/16/2024 04/16/24 | Pending | -- | -- | -- |
| 03/12/2024 03/12/24 | For Sale | $799,000 | +4.4% | $143 / Sq Ft |
| 03/11/2024 03/11/24 | Off Market | $765,000 | -- | -- |
| 03/08/2024 03/08/24 | Price Changed | $799,000 | -15.9% | $143 / Sq Ft |
| 09/11/2023 09/11/23 | For Sale | $950,000 | +363.4% | $169 / Sq Ft |
| 05/20/2016 05/20/16 | Sold | $205,000 | -6.8% | $47 / Sq Ft |
| 03/24/2016 03/24/16 | Pending | -- | -- | -- |
| 03/07/2016 03/07/16 | For Sale | $219,900 | -- | $51 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $10,340 | $703,400 | $74,600 | $628,800 |
| 2023 | $9,672 | $703,400 | $74,600 | $628,800 |
| 2022 | $9,039 | $703,400 | $74,600 | $628,800 |
| 2021 | $6,615 | $341,000 | $45,600 | $295,400 |
| 2020 | $6,479 | $341,000 | $45,600 | $295,400 |
| 2019 | $6,462 | $341,000 | $45,600 | $295,400 |
| 2018 | $6,206 | $341,000 | $45,600 | $295,400 |
| 2017 | $5,831 | $341,000 | $45,600 | $295,400 |
| 2016 | $6,911 | $406,500 | $115,800 | $290,700 |
| 2015 | $6,626 | $406,500 | $115,800 | $290,700 |
| 2014 | $6,612 | $380,000 | $107,900 | $272,100 |
| 2013 | $6,574 | $380,000 | $107,900 | $272,100 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Mason
-
Kathy Apon
K
Seller's Agent in 2016
Kathy Apon
Greater Portland Realty
(207) 671-5496
96 Total Sales
-
Stephen Libby
S
Buyer's Agent in 2016
Stephen Libby
Demetria Real Estate
(207) 839-5122
50 Total Sales
Map
Source: Maine Listings
MLS Number: 1571607
APN: GRHM-000111-000094
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