by RH Advisors

See Home Value
Gorham 03581
7 Lancaster Road
Listed by: Jim Harvey, Keller Williams Realty-Metropolitan, Selling Office: RE/MAX Northern Edge Realty LLC, Listing Courtesy of Prime MLS
$249,000
● House - Off Market

7 Lancaster Road

Gorham, NH 03581
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,609 Ft²
$1,766
Est. Monthly
9.43%
Cap Rate

About This Property

Located in the heart of Gorham, this mixed-use zoned property offers a little bit of everything. The large barn with utilities can be used for a business with plenty of car traffic or as a hobbyist's haven. Store your toys or equipment fully protected from the elements. Revenue opportunities exist with the street front signage post that can accommodate up to three signs or market the home on Air B&B which has been done successfully in the past. Winter time is fun time in Gorham. ATV/Snowmobile trails are ½ mile down Rt 16 and the barn is ideal for storing your rides.  The 3-bedroom, 2-bathroom home possesses wonderful character with a farmer's porch, hard wood flooring, tin ceilings, wood burning stove and much more. Enter the home into the kitchen dining area and enjoy the island bar dining option, plenty of room for a dining table or sitting area near the wood burning stove. Closet doors hide a 1st floor laundry closet. A cozy living room with decorative ceiling panels/millwork features also holds a modern pellet stove for additional heat and ambience. The front room/den could be used as a 4th bedroom since the first-floor layout provides a full bathroom. Average Airbnb net income $21,500, 85 nights. Commercial signage revenue potential of $7,200 a year.
Unit Size
1,609 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$155
Property Type
House
Property Taxes
$543
HOA Dues
-
Year Built
1900

Payment Calculator (Computations Provided by RealtyHop)

Cap Rate Calculator

Last updated: 3 years ago (Prime MLS #4978386)

Price History

Date / Event Date Event Price
Aug 30, 2024 Sold
Sold
Jul 4, 2024 In contract -
In contract
Jun 20, 2024 Price Decreased $249,000
↓ $30K (10.8%)
Price Decreased
Jun 18, 2024 Price Decreased $279,000
↓ $1K (0.4%)
Price Decreased
Jun 7, 2024 Price Increased $280,000
↑ $500 (0.2%)
Price Increased
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1962
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 1
  • 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: 23,130
  • Total Building Area: 1,629
  • Gross Building Area: 1,629
  • Building Area: 1,629
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000531
  • Standard Land Use Code: 2044
  • County Land Use Code: 013
  • Legal Description 1: M:U8 L:5; 1-FAM RES

Neighborhood

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

Zoning

  • Zoning: CA

Geography

  • Account Number: 797
  • District: GORH
  • Parcel: GORH M:U8 L:5
  • Lot: 5
  • Municipality: GORHAM
  • Latitude: 44.3978
  • Longitude: -71.1959

    Address

  • Full Address: 7 Lancaster Rd
  • Address - House Number: 7
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: NH
  • City Name: Gorham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1422
  • Zip Code: 03581

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $651,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $268,600
  • Assessed Land Value: $24,800
  • Assessed Improvements Value: $243,800

    Sales

  • Current Sale Recording Date: Nov 15, 2017
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4963
  • Previous Sale Recording Date: Jul 31, 2014
  • Previous Sale Amount: $106,000
  • Previous Sale Document Type: 71

    Previous Mortgages

  • Previous Mortgage Loan Type:
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Gorham


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


Frequently Asked Questions

When was property at 7 Lancaster Road built and last sold?
The property at 7 Lancaster Road was built in 1900 and last sold on Jan 1, 1970 for $95,000.
How much is this home worth?
The estimated value of the home located at 7 Lancaster Road is $0.
What are some comparable homes to 7 Lancaster Road?
There are currently no comparable homes to 7 Lancaster Road.

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