NOT LISTED FOR SALE

87 Depot Rd Gray, ME 04039

Estimated Value: $482,000 - $590,000

4 Beds
2 Baths
1,768 Sq Ft
$306/Sq Ft Est. Value

Last Sold April 08, 2021

Last sale price $310,000 $175 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,264/month

1 Day on Market

Highlights

  • Nearby Water Access
  • No HOA
  • Double Pane Windows
  • Wooded Lot
  • 2 Car Detached Garage
  • Bathtub

About This Home

As of April 2021

Equity Builder! Ranch style Duplex situated on just under 2 wooded acres close to downtown Gray and Pineland Farm. Each unit features 2 spacious bedrooms with double closets, one full bath and personal laundry hook ups. Extra storage is available above the 28 x26 detached 2 car garage. Being sold As-Is. Priced for the buyer who is willing to do cosmetic updating to realize instant equity.

Last Agent to Sell the Property

Nicholas Dambrie

Keller Williams Realty Brokerage Phone: 207-553-2400 Listed on: 03/24/2021

Keller Williams Realty

Last Buyer's Agent

Anthony Fernandez

Regency Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,363

Year Built

  • Built in 1986

Lot Details

  • 1.9 Acre Lot
  • Rural Setting
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • Common or Shared Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Shared Driveway

Home Design

  • Duplex
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Radon Mitigation System
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Storm Doors
  • Washer and Dryer Hookup

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Outdoor Features

  • Nearby Water Access
  • Shed
  • Outbuilding

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Tankless Water Heater
  • Gas Water Heater
  • Water Heated On Demand
  • Septic System
  • Septic Design Available
  • Private Sewer
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 39-11-5
  • Assessor Parcel Number GRAY-000037-000039-000011-000005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $5,401
  • Gross Income $23,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,363

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.9
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Route 115 E to Left on Depot Rd, Follow to #87
  • Above Grade Finished Sq Ft: 1768.0
  • Architectural Style: Duplex, Ranch
  • Garage Yn: Yes
  • Efficiency: Tankless Water Heater, Storm Doors, High Efficiency Water Heater, Double Pane Windows
  • Year Built: 1986
  • Attribution Contact: 207-553-2400
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.9
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1768.0
  • Property Information:Garage: Yes
  • 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
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Water Heater:On Demand: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Composition2: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 23700.0
  • Income Expenses Operating Expenses: 5401.0
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Location:Rural: Yes
  • Site:Wooded: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:Septic Design Available: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Energy Efficiency:Tankless Water Heater: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Heater:Heat Pump2: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Equipment:Air Radon Mitigation System: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Building Info:_pound_ Floors3: 1
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Vinyl, Tile
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage
  • Stories: 1

Exterior Features

  • Lot Features: Wooded, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Other Structures: Outbuilding, Shed(s)
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Common, Garage Door Opener, Detached

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Direct Vent Heater, Direct Vent Furnace, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 82764.0
  • Parcel #: GRAY-000037-000039-000011-000005
  • Zoning: Rural

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23700.0
  • Annual Operating Expense: 5401.0

Tax Info

  • Tax Annual Amount: 3363.0
  • Tax Book Number: 23338
  • Tax Lot: 39-11-5
  • Tax Map Number: 37
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Apr 8, 2021
Sold by
Libby Michael W
Bought by
Tf Properties Llc
Seller's Agent
Nicholas Dambrie
Keller Williams Realty
Buyer's Agent
Anthony Fernandez
Regency Realty Group
List Price
$300,000
Sold Price
$310,000
Premium/Discount to List
$10,000
3.33%
Current Estimated Value
$541,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,176
Avg. Annual Appreciation
8.84%
Original Mortgage
$325,000
Outstanding Balance
$296,163
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$156,930

Purchase Details

Closed on
Nov 1, 2005
Sold by
Libby Richard S
Bought by
Libby Michael W

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
5.79%
Mortgage Type
Purchase Money Mortgage
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
Tf Properties Llc -- None Available
Libby Michael W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tf Properties Llc $325,000
Previous Owner Libby Michael W $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2021 04/08/21 Sold $310,000 +3.3% $175 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $300,000 -- $170 / 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 $4,744 $489,100 $125,400 $363,700
2023 $4,326 $285,000 $63,200 $221,800
2022 $3,976 $285,000 $63,200 $221,800
2021 $3,331 $228,000 $63,200 $164,800
2020 $3,363 $228,000 $63,200 $164,800
2019 $3,363 $228,000 $63,200 $164,800
2018 $3,192 $228,000 $63,200 $164,800
2017 $3,329 $175,200 $52,500 $122,700
2016 $3,206 $175,200 $52,500 $122,700
2015 $3,189 $175,200 $52,500 $122,700
2014 $3,189 $175,200 $52,500 $122,700
2012 $2,765 $174,424 $52,500 $121,924
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1485380

Maine Listings

APN: GRAY-000037-000039-000011-000005