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
7 Palmer Street
Listed by: Jennifer Stewart, RE/MAX Northern Edge Realty LLC, Selling Office: RE/MAX Northern Edge Realty LLC, Listing Courtesy of Prime MLS
$112,000
● House - Off Market

7 Palmer Street

Gorham, NH 03581
bedrooms
2 Beds
bathrooms
1 Bath
square feet
912 Ft²
$136,134
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Great in-town location!  Spacious, open concept kitchen and living room, 2 bedrooms and 2 full baths! Easy to maintain with vinyl  siding  and a 3 year old architectural shingled roof.  Walking distance to the schools, parks, shops and more. ATV from home to the trails.
Unit Size
912 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$141
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1890

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 #4930762)

Price History

Date / Event Date Event Price
Jan 26, 2024 Sold
Premium
Sold
Nov 21, 2023 Listed by RE/MAX Northern Edge Realty LLC $150,000
Listed by RE/MAX Northern Edge Realty LLC
Nov 4, 2022 Sold
Premium
Sold
Sep 22, 2022 Listed by RE/MAX Northern Edge Realty LLC $129,000
Listed by RE/MAX Northern Edge Realty LLC
Jul 24, 2006 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • 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: 2,431
  • Total Building Area: 997
  • Gross Building Area: 1,599
  • Building Area: 997
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 997
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000056
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: M:U5 L:164; 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: 574
  • District: GORH
  • Parcel: GORH M:U5 L:164
  • Lot: 164
  • Municipality: GORHAM
  • Latitude: 44.3897
  • Longitude: -71.1727

    Address

  • Full Address: 7 Palmer St
  • Address - House Number: 7
  • Address - Street Name: Palmer
  • Address - Suffix Type: St
  • State: NH
  • City Name: Gorham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1216
  • Zip Code: 03581

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $292,500

    Appraisal Valuation

  • Standard Deviation: 0.1345
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 144,448
  • High Value: 163,885
  • Low Value: 125,011

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $120,600
  • Assessed Land Value: $20,100
  • Assessed Improvements Value: $100,500

    Sales

  • Current Sale Contract Date: Jan 25, 2024
  • Current Sale Recording Date: Jan 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2400307
  • Previous Sale Recording Date: Jul 24, 2006
  • Previous Sale Amount: $95,000
  • 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 Gorham

Stats & Trends

Median Asking:

$217,450

Sale Price/ft²

$94

Below Asking

0.06%

Average Days on Market

115

Average Home Size

3268 ft²

Average Home Age

128.5 years

Currently For Sale

11 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Prime

Listed by: Jennifer Stewart, RE/MAX Northern Edge Realty LLC
Last Updated Date: 2022-11-04
Last Checked: 1 hour ago
Data Source: Prime MLS, MLS# 4930762
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 7 Palmer Street built and last sold?
The property at 7 Palmer Street was built in 1890 and last sold on Jan 25, 2024 for $167,000.
How much is this home worth?
The estimated value of the home located at 7 Palmer Street is $150,505.
What are some comparable homes to 7 Palmer Street?
There are currently no comparable homes to 7 Palmer Street.
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