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.
Closed
$425,000
157 South Street, Gorham, ME 04038
2beds
1,568sqft
Single Family Residence
Built in 1957
4.8 Acres Lot
$440,000 Zestimate®
$271/sqft
$2,816 Estimated rent
Home value
$440,000
$405,000 - $475,000
$2,816/mo
Zestimate® history
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$2,816/mo
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$2,144/mo
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Zillow last checked:
Listing updated:
Listed by:
Real Broker
Bought with:
Regency Realty Group
Source: Maine Listings,MLS#: 1631507
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- 1st Floor Bedroom, Bathtub, Shower
- Flooring: Tile, Wood
- Basement: Interior Entry,Full,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 1,568
- Total interior livable area: 1,568 sqft
- Finished area above ground: 1,568
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Gravel, 5 - 10 Spaces, On Site, Basement
- Attached garage spaces: 2
Lot
- Size: 4.80 Acres
- Features: City Lot, Near Shopping, Sidewalks, Wooded
Details
- Parcel number: GRHMM104B014L000
- Zoning: UR
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Raised Ranch,Ranch
- Property subtype: Single Family Residence
Materials
- Wood Frame, Wood Siding
- Foundation: Block, Other
- Roof: Pitched,Shingle
Condition
- Year built: 1957
Utilities & green energy
- Electric: On Site, Fuses
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Gorham
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2025 | Sold | $425,000-22.7%$271/sqft |
Source:  Maine Listings #1631507 Report a problem | ||
| 10/30/2025 | Pending sale | $550,000$351/sqft |
Source: Maine Listings #1631507 Report a problem | ||
| 10/21/2025 | Contingent | $550,000$351/sqft |
Source: Maine Listings #1631510 Report a problem | ||
| 9/4/2025 | Price change | $550,000-21.4%$351/sqft |
Source: Maine Listings #1631507 Report a problem | ||
| 7/23/2025 | Price change | $700,000-12.5%$446/sqft |
Source: Maine Listings #1631507 Report a problem | ||
| 7/9/2025 | Listed for sale | $800,000$510/sqft |
Source: Maine Listings #1628848 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,082 +6.9% | $345,700 |
| 2023 | $4,753 +7% | $345,700 |
| 2022 | $4,442 +23.8% | $345,700 +83.1% |
| 2020 | $3,587 +0.3% | $188,800 |
| 2019 | $3,578 +4.1% | $188,800 |
| 2018 | $3,436 +6.4% | $188,800 |
| 2017 | $3,228 +0.6% | $188,800 |
| 2016 | $3,210 +4.3% | $188,800 |
| 2015 | $3,077 -10.1% | $188,800 -4.1% |
| 2014 | $3,424 +0.6% | $196,800 |
| 2013 | $3,405 +6.1% | $196,800 |
| 2012 | $3,208 | $196,800 |
| 2011 | $3,208 +2.5% | $196,800 |
| 2009 | $3,129 -0.6% | $196,800 |
| 2008 | $3,149 +7% | $196,800 +29.7% |
| 2006 | $2,943 | $151,700 |
Find assessor info on the county website
Neighborhood: 04038
Nearby schools
GreatSchools rating
- 7/10Village Elementary School-GorhamGrades: K-5Distance: 0.5 mi
- 8/10Gorham Middle SchoolGrades: 6-8Distance: 0.4 mi
- 9/10Gorham High SchoolGrades: 9-12Distance: 0.4 mi
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- Maine
- Cumberland County
- Gorham
- 04038
- 157 South Street
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