Active

Price cut: $19.9K (8/18)

$210,000

12 Grays Lane, Old Town, ME 04468

3beds

1,404sqft

$1,489/mo

Get pre-qualified

Single Family Residence

Built in 1942

2,613 Square Feet Lot

$206,300 Zestimate^®

$150/sqft

$-- HOA

What's special

Fresh paint

Looking for an affordable investment opportunity just minutes from the University of Maine? This updated 3-bedroom, 1-bath home is perfectly positioned for student housing, rental income, or owner-occupancy. Each of the three bedrooms features it's own lock and key, offering privacy and flexibility for tenants. Recent improvements include fresh paint and new flooring throughout the entire home, and brand-new front and rear decks, creating inviting outdoor spaces for relaxing or entertaining. Conveniently located near the university, shopping, dining, and local amenities, this move-in-ready property offers excellent potential for investors and homeowners alike. Call today for a showing! *The property may also be purchased with a separate vacant lot located directly across the road - an ideal location for a future garage, workshop, or additional storage (subject to local approvals). Contact the listing broker for details.

107 days
344
19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Bedroom 1

Level: Second

Bedroom 2

Level: Second

Bedroom 3

Level: First

Kitchen

Level: First

Living room

Level: First

Heating

Baseboard, Hot Water

Cooling

None

Appliances

Included: Dryer, Microwave, Electric Range, Refrigerator, Washer

Features

1st Floor Bedroom
Flooring: Vinyl
Basement: Interior Entry,Crawl Space,Full,Partial,Sump Pump,Unfinished
Has fireplace: No

Interior area

Total structure area: 1,404
Total interior livable area: 1,404 sqft
Finished area above ground: 1,404
Finished area below ground: 0

Property

Parking

Parking features: Paved, 1 - 4 Spaces, On Site, Off Street

Features

Patio & porch: Deck, Porch

Lot

Size: 2,613 Square Feet
Features: City Lot, Near Shopping, Neighborhood, Level, Landscaped

Details

Parcel number: OLDNM031L173
Zoning: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Cape Cod,Colonial
Property subtype: Single Family Residence

Materials

Wood Frame, Vinyl Siding
Foundation: Block, Poured Concrete
Roof: Fiberglass,Pitched,Shingle

Condition

Year built: 1942

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Old Town

Financial & listing details

Price per square foot: $150/sqft
Tax assessed value: $91,900
Annual tax amount: $1,836
Date on market: 6/23/2026
Road surface type: Paved

Estimated market value

$206,300

$196,000 - $217,000

$1,967/mo

Price history

Date	Event	Price
8/18/2026	Price change	$210,000-8.7%$150/sqft
Source: Maine Listings #1668572 Report a problem
6/24/2026	Listed for sale	$229,900+187.4%$164/sqft
Source: Maine Listings #1668572 Report a problem
5/30/2023	Sold	$80,000+45.5%$57/sqft
Source: Public Record Report a problem
4/25/2023	Sold	$55,000-18.5%$39/sqft
Source: Public Record Report a problem
9/13/2009	Listing removed	$67,500$48/sqft
Source: Prudential Real Estate #922227 Report a problem
3/14/2009	Listed for sale	$67,500$48/sqft
Source: Prudential Real Estate #922227 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,627	$91,900
2023	$1,627 +12.4%	$91,900 +33.4%
2022	$1,447 -6.1%	$68,900 +2.2%
2021	$1,541	$67,400
2020	$1,541	$67,400
2019	$1,541	$67,400
2018	$1,541 +2.3%	$67,400
2017	$1,506 +6%	$67,400
2016	$1,421 -0.4%	$67,400
2015	$1,426 +4.7%	$67,400
2014	$1,362 +8.1%	$67,400
2013	$1,260 +5%	$67,400
2012	$1,200	$67,400
2009	--	$67,400
2008	--	$67,400 +84.7%
2006	--	$36,500