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Little Falls 04038
18 Union Street
Listed by: Purple Acorn, KW Coastal and Lakes & Mountains Realty, Selling Office: A Non PrimeMLS Agency, Listing Courtesy of Prime MLS
$345,000
● House - Off Market

18 Union Street

Gorham, ME 04038
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,414 Ft²
$360,595
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

You don't find detailed work like this very often! This spacious New Englander has beautiful, detailed hardwood floors spanning the first floor main living areas and both bedrooms. The kitchen has cherry cabinets, granite countertops, stainless steel appliances and extraordinary tin ceilings. The first floor also has a second living room, or office area, with a gas fireplace. Conveniently, the first floor also has a laundry area in the mudroom. Natural sunlight bathes the entire home. There is additional storage space in the third floor walk up attic. This double sized lot also had road frontage on Acorn Street as well! Great commuter location between Portland and Windham. This property also has a great rental history. Showings begin at the open house this Sunday, October 23rd from 10 am to 12 pm.
Unit Size
1,414 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$240
Property Type
House
Property Taxes
$243
HOA Dues
-
Year Built
1985

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #4934243)

Price History

Date / Event Date Event Price
Dec 2, 2022 Sold
Premium
Sold
Oct 19, 2022 Listed by KW Coastal and Lakes & Mountains Realty $339,900
Listed by KW Coastal and Lakes & Mountains Realty
Jan 11, 2017 Sold
Premium
Sold
Sep 17, 2012 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 7
  • Basement Area: 570
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,414
  • Gross Building Area: 2,893
  • Building Area: 1,414
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,414
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • State Land Use Code: 101

Neighborhood

  • School District Name: Gorham
  • School Tax School District: GORHAM PS
  • Census Tract: 004100

Zoning

  • Zoning: UR

Geography

  • Account Number: 110-0050
  • Parcel: GRHM M:110 B:050 L:000
  • Block: 50
  • Municipality: GORHAM
  • Latitude: 43.7259
  • Longitude: -70.4215

    Address

  • Full Address: 18 Union St
  • Address - House Number: 18
  • Address - Street Name: Union
  • Address - Suffix Type: St
  • State: ME
  • City Name: Gorham
  • Carrier Code: C004
  • 4-Digit Zip Code: 5843
  • Zip Code: 04038

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $316,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 70
  • Final Value: 390,363
  • High Value: 474,108
  • Low Value: 306,618

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $246,200
  • Assessed Land Value: $68,600
  • Assessed Improvements Value: $177,600

    Sales

  • Current Sale Contract Date: Dec 02, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 59045
  • Previous Sale Recording Date: Jan 11, 2017
  • Previous Sale Amount: $178,800
  • Previous Sale Document Type: 71
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 Little Falls

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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

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Prime

Listed by: Purple Acorn, KW Coastal and Lakes & Mountains Realty
Last Updated Date: 2022-12-02
Last Checked: 4 hours ago
Data Source: Prime MLS, MLS# 4934243
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 18 Union Street built and last sold?
The property at 18 Union Street was built in 1985 and last sold on Dec 2, 2022 for $345,000.
How much is this home worth?
The estimated value of the home located at 18 Union Street is $0.
What are some comparable homes to 18 Union Street?
There are currently no comparable homes to 18 Union Street.
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