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Gorham 03581
79 Promenade Street
Listed by: Jennifer Stewart, RE/MAX Northern Edge Realty LLC, Selling Office: A House To Home Realty, Listing Courtesy of Prime MLS
$325,000
● House - Off Market

79 Promenade Street

Gorham, NH 03581
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$322,973
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome to this delightful ranch-style home, located in a lovely and private setting that offers the perfect blend of comfort, convenience and tranquility. Boasting 3 bedrooms, 2 baths, open concept kitchen/dining and living room, an attached garage, and a partially finished basement.  Lovely back deck and a pristine manicured lawn with many perennials.  This is the perfect home for someone who likes to hike, bike, ride ATV/UTV's, snowmobile and more!  You can do all those things from the comfort of your home to the trails. Also, downtown Gorham, parks and schools are all within walking distance.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$242
Property Type
House
Property Taxes
$508
HOA Dues
-
Year Built
2003

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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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 #4958696)

Price History

Date / Event Date Event Price
Sep 7, 2023 Sold
Premium
Sold
Jun 24, 2023 Listed by RE/MAX Northern Edge Realty LLC $325,000
Listed by RE/MAX Northern Edge Realty LLC
Sep 18, 2003 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 39,121
  • Total Building Area: 1,344
  • Gross Building Area: 3,384
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000898
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: M:U4 L:40B; 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: 388
  • District: GORH
  • Parcel: GORH M:U4 L:40B
  • Lot: 40B
  • Municipality: GORHAM
  • Latitude: 44.3862
  • Longitude: -71.1823

    Address

  • Full Address: 79 Promenade St
  • Address - House Number: 79
  • Address - Street Name: Promenade
  • Address - Suffix Type: St
  • State: NH
  • City Name: Gorham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1600
  • Zip Code: 03581

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $610,100

    Appraisal Valuation

  • Standard Deviation: 0.2523
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 64
  • Final Value: 339,676
  • High Value: 425,384
  • Low Value: 253,968

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $251,600
  • Assessed Land Value: $29,300
  • Assessed Improvements Value: $222,300

    Sales

  • Current Sale Contract Date: Sep 05, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2303757
  • Previous Sale Recording Date: Sep 18, 2003
  • Previous Sale Amount: $13,000
  • 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

$95

Below Asking

0.06%

Average Days on Market

96

Average Home Size

3053 ft²

Average Home Age

115.1 years

Currently For Sale

15 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: Jennifer Stewart, RE/MAX Northern Edge Realty LLC
Last Updated Date: 2023-09-06
Last Checked: less than 1 hour ago
Data Source: Prime MLS, MLS# 4958696
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 79 Promenade Street built and last sold?
The property at 79 Promenade Street was built in 2003 and last sold on Sep 5, 2023 for $325,000.
How much is this home worth?
The estimated value of the home located at 79 Promenade Street is $0.
What are some comparable homes to 79 Promenade Street?
There are currently no comparable homes to 79 Promenade Street.
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