Bought with Regency Realty Group
$425,000
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157 South ST Gorham, ME 04038
2 Beds
2 Baths
1,568 SqFt
Key Details
Sold Price $425,000
Property Type Residential
Sub Type Single Family Residence
Listing Status Sold
Square Footage 1,568 sqft
MLS Listing ID 1631507
Sold Date 10/30/25
Style Raised Ranch,Ranch
Bedrooms 2
Full Baths 1
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 1,568
Year Built 1957
Annual Tax Amount $5,082
Tax Year 2024
Lot Size 4.800 Acres
Acres 4.8
Property Sub-Type Single Family Residence
Source Maine Listings
Land Area 1568
Property Description
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 your desired renovations or could be torn down for a different vision for the land use. 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.
Location
State ME
County Cumberland
Zoning UR
Rooms
Basement Interior, Walk-Out Access, Full, Unfinished
Master Bedroom First
Bedroom 2 First
Living Room First
Dining Room First
Kitchen First
Interior
Interior Features 1st Floor Bedroom, Bathtub, Shower
Heating Hot Water, Baseboard
Cooling None
Flooring Wood, Tile
Fireplaces Number 1
Fireplace Yes
Exterior
Parking Features Basement, 5 - 10 Spaces, Gravel, On Site
Garage Spaces 2.0
View Y/N No
Roof Type Pitched,Shingle
Street Surface Paved
Garage Yes
Building
Lot Description Sidewalks, Wooded, Intown, Near Shopping
Foundation Block, Other, Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Raised Ranch, Ranch
Structure Type Wood Siding,Wood Frame
Schools
School District Gorham Public Schools
Others
Restrictions Unknown
Energy Description Oil
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