by RH Advisors
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Gorham 03581
Lot 11 Kelsea Avenue
Listed by: Brandon Field, Brandon J. Field Real Estate, Selling Office: Brandon J. Field Real Estate, Listing Courtesy of Prime MLS
$199,000
● Land - Off Market

Lot 11 Kelsea Avenue

Lancaster, NH 03581
bedrooms
Studio
bathrooms
0 Bath
$991
Est. Monthly
8.36%
Cap Rate

About This Property

This is an ideal spot for a rural home. The 6.82 acres provide plenty of space for a home and a yard, as well as for outbuildings and gardens. The driveway and cellar hole have been completed, so the property is ready for construction to begin. Power is available at the road, making it easy to bring utilities to the site. The land has also been surveyed and soil tested.
Unit Size
-
Days on Market
-
Land Size
6.82 acres
Price per sqft
-
Property Type
Land
Property Taxes
$14
HOA Dues
-
Year Built
1930

Payment Calculator (Computations Provided by RealtyHop)

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4879765)

Price History

Date / Event Date Event Price
Jan 16, 2024 Sold
Premium
Sold
Aug 27, 2021 Listed by Brandon J. Field Real Estate $199,000
Listed by Brandon J. Field Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,208
  • Total Building Area: 1,954
  • Gross Building Area: 3,171
  • Building Area: 1,954
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,954
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000900
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: M:U8 L:10; 1-FAM RES

Neighborhood

  • School District Name: Gorham Randolph Shelburne Cooperative School District
  • School Tax School District: GORHMRNDLPHSHLB
  • Census Tract: 950900

Zoning

  • Zoning: RA

Geography

  • Account Number: 802
  • District: GORH
  • Parcel: GORH M:U8 L:10
  • Lot: 10
  • Municipality: GORHAM
  • Latitude: 44.3978
  • Longitude: -71.1969

    Address

  • Full Address: 11 Lancaster Rd
  • Address - House Number: 11
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: NH
  • City Name: Gorham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1423
  • Zip Code: 03581

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $388,500

    Appraisal Valuation

  • Standard Deviation: 0.2456
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 65
  • Final Value: 242,517
  • High Value: 302,093
  • Low Value: 182,940

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $160,200
  • Assessed Land Value: $25,700
  • Assessed Improvements Value: $134,500
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gorham

Stats & Trends

Median Asking:

$219,900

Sale Price/ft²

$87

Below Asking

0.06%

Average Days on Market

94

Average Home Size

2985 ft²

Average Home Age

116.4 years

Currently For Sale

16 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 429 Main, Gorham, 03581

$1,500 /mo

  • 2 Beds
  • 1,056 ft²
429 Main, Gorham, 03581 Listing by Kathleen Frisk

Rentals Near You

Click here to view more rentals in the neighborhood.
Prime

Listed by: Brandon Field, Brandon J. Field Real Estate
Last Updated Date: 2024-01-16
Last Checked: 1 hour ago
Data Source: Prime MLS, MLS# 4879765
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 11 Lancaster Road built and last sold?
The property at 11 Lancaster Road was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 11 Lancaster Road is $0.
What are some comparable homes to 11 Lancaster Road?
There are currently no comparable homes to 11 Lancaster Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Gorham Homes for Sale
Gorham Houses for Sale
Gorham Multifamily for Sale
Gorham Land for Sale
Gorham Commercial for Sale
Gorham Homes with Basements
Gorham Homes with Pools
Gorham Homes with Parking
Nearby Cities
Berlin Homes for Sale
Nearby Property Records
Oxford County, ME Property Records
Coos County, NH Property Records
Essex County, VT Property Records
Carroll County, NH Property Records
Caledonia County, VT Property Records
Grafton County, NH Property Records
Androscoggin County, ME Property Records
Cumberland County, ME Property Records
Nearby Counties
Berlin Homes for Sale
Shelburne Homes for Sale
Randolph Homes for Sale
Success Homes for Sale
Top Real Estate Agents
Top Agents in Gorham
Top Agents in 03570
Top Agents in Berlin
Top Agents in Berlin
Top Agents in 03581
Top Agents in Shelburne
Top Agents in Randolph
Top Agents in Success