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157 South Street, Gorham, ME 04038

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For Sale

$800,000

2 beds • 1 baths • 1 half baths • 1,568 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $510.20
    Price per square foot

  • Over 50 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

The value here is the land and incredible location in the heart of Gorham! Offering 4.80 +/- acres downtown on city water and city sewer. Potential for up to 20 dwelling units according to Urban Residential Zoning with additional potential units under the Development Transfer Overlay District and Affordable Housing Density Bonus depending on Planning Board Review. Residential and other permitted uses allowed. The existing house is a 2 bedroom, 1.5 bath home ready for renovations or could be torn down for a different vision. Only a half mile to the nearest high school, 0.6 miles to Gorham Center and 0.7 miles to the University of Southern Maine campus. Close to nearby restaurants, groceries, banking and other conveniences! By Appointment Only.
MLS# 1628848

Courtesy Of Keller Williams Realty
Keller Williams Realty, Portland, ME 04102
(207) 879-9800

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Ranch
  • Exterior Type
    Wood Siding
  • Fireplace
    Fireplace
  • Floor Covering
    Tile, Wood
  • Heating System
    Baseboard
  • Lot Size
    4.8 Acres
  • Rooms
    Dining Room, Kitchen, Living Room

Map and Directions

Directions to 157 South Street, Gorham, ME 04038

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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