Seller's Agent in 2024
Aaron Chadbourne
Demetria Real Estate
(207) 329-0915
54 in this area
230 Total Sales
88 South St Gorham, ME 04038
Estimated Value: $667,000 - $770,000
5
Beds
3
Baths
2,318
Sq Ft
$301/Sq Ft
Est. Value
Highlights
- Deck
- Garrison Architecture
- Main Floor Bedroom
- Village Elementary School Rated A-
- Wood Flooring
- No HOA
About This Home
As of March 2024Rare opportunity to own this hidden gem, a two unit home in the heart of Gorham Village. Nestled in a private setting, set back from the road, this property presents a great opportunity to owner occupy while letting renters help pay your mortgage, or to add to you investment portfolio. The owner's unit features 3 bedrooms and 2 bathrooms, including a first floor primary suite, gas stove, and amazing basement access and storage. The second unit is currently rented through June 2024 with reliable tenants. You'll love the location and privacy, including the circular driveway with plenty of room for parking or to store your toys. Back decks on each unit. Unit B offers a covered porch!
Offers will be reviewed Monday Feb 19 at 3pm with response by 3pm on Feb 20
Last Buyer's Agent
Chelsea Locke
RE/MAX By The Bay
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,737
Year Built
- Built in 1984
Lot Details
- 1 Acre Lot
- Fenced
- Landscaped
- Level Lot
Home Design
- Garrison Architecture
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,318 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- En-Suite Primary Bedroom
- 3 Full Bathrooms
- Bathtub
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
Outdoor Features
- Deck
- Shed
Location
- City Lot
Utilities
- No Cooling
- Forced Air Zoned Heating System
- Heating System Uses Gas
- Heating System Uses Propane
- Heating System Mounted To A Wall or Window
- Electric Water Heater
- Septic System
- Private Sewer
- Internet Available
Listing and Financial Details
- Tax Lot 50-1
- Assessor Parcel Number GRHM-000103-000050-000001
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $12,000
- Gross Income $21,480
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 7, 2024
Sold by
Mcquage Amy E and Hocklander Scott D
Bought by
Lias Kingdom Gorham Llc
Current Estimated Value
Purchase Details
Closed on
Jun 3, 2024
Sold by
Mcquade Amy E and Hocklander Scott D
Bought by
Lias Kingdom Llc
Purchase Details
Listed on
Feb 14, 2024
Closed on
Mar 8, 2024
Sold by
Mottershead Dorothy
Bought by
Mcquade Amy and Hocklander Scott D
Seller's Agent
Aaron Chadbourne
Demetria Real Estate
Buyer's Agent
Chelsea Locke
RE/MAX By The Bay
List Price
$625,000
Sold Price
$682,500
Premium/Discount to List
$57,500
9.2%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.23%
Original Mortgage
$546,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 3, 2016
Sold by
Mottershead Dorothy
Bought by
Mottershead Dorothy and Mottershead Joseph H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
3.43%
Mortgage Type
Closed End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lias Kingdom Gorham Llc | -- | None Available | |
| Lias Kingdom Gorham Llc | -- | None Available | |
| Lias Kingdom Llc | -- | None Available | |
| Lias Kingdom Llc | -- | None Available | |
| Mcquade Amy | $682,500 | None Available | |
| Mottershead Dorothy | -- | -- | |
| Mottershead Dorothy | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mcquade Amy | $546,000 | |
| Previous Owner | Mottershead Dorothy | $151,000 | |
| Previous Owner | Mottershead Dorothy | $148,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/08/2024 03/08/24 | Sold | $682,500 | +9.2% | $294 / Sq Ft |
| 02/20/2024 02/20/24 | Pending | -- | -- | -- |
| 02/14/2024 02/14/24 | For Sale | $625,000 | -- | $270 / 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 | $7,681 | $522,500 | $104,800 | $417,700 |
| 2023 | $7,184 | $522,500 | $104,800 | $417,700 |
| 2022 | $6,714 | $522,500 | $104,800 | $417,700 |
| 2021 | $4,825 | $248,700 | $68,400 | $180,300 |
| 2020 | $4,725 | $248,700 | $68,400 | $180,300 |
| 2019 | $4,713 | $248,700 | $68,400 | $180,300 |
| 2018 | $4,526 | $248,700 | $68,400 | $180,300 |
| 2017 | $4,253 | $248,700 | $68,400 | $180,300 |
| 2016 | $4,226 | $248,600 | $68,300 | $180,300 |
| 2015 | $4,052 | $248,600 | $68,300 | $180,300 |
| 2014 | $3,992 | $229,400 | $82,300 | $147,100 |
| 2013 | $3,969 | $229,400 | $82,300 | $147,100 |
Source: Public Records
Agents Affiliated with this Home
-
Aaron Chadbourne
-
C
Buyer's Agent in 2024
Chelsea Locke
RE/MAX
Map
Source: Maine Listings
MLS Number: 1582204
APN: GRHM-000103-000050-000001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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