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    • $300,000

    408 Gray Road, Falmouth, ME 04105

    3beds
    1,014sqft
    Single Family Residence
    Built in 1948
    0.71 Acres Lot
    $300,000 Zestimate®
    $296/sqft
    $3,314 Estimated rent

    Home value

    $300,000

    $285,000 - $315,000

    $3,314/mo

    Zestimate® history
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    $1,898/mo

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    What's special

    INVESTORS take notice, AMAZING opportunity to rehab or built new. The 2 upstairs bedrooms have very low ceilings & the living room ceiling has a bigger hole and leaks water with heavy rains and strong winds. The property has a great location (roughly 1/2 mile to Falmouth Landtrust Trails) for the outdoor enthusiasts for hiking, running and fishing, close access to the Piscataqua River which is stocked with Brown & Brook Trout. Great location for a commercial business as well. The property has an existing well & septic and just boasts with great opportunities to make it your own.

    Zillow last checked:

    Listing updated:

    Listed by:

    4 Maine Realty

    Bought with:

    F.O. Bailey Real Estate

    Source: Maine Listings,MLS#: 1657896MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Level: First
    Bedroom 1
    • Level: Second
    Bedroom 2
    • Level: Second
    Bedroom 3
    • Level: Second
    Dining room
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Microwave, Gas Range, Refrigerator
    Features
    • 1st Floor Bedroom, Bathtub, One-Floor Living
    • Flooring: Vinyl
    • Windows: Double Pane Windows
    • Basement: Bulkhead,Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 1,014
    • Total interior livable area: 1,014 sqft
    • Finished area above ground: 1,014
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Gravel, 5 - 10 Spaces, On Site
    • Attached garage spaces: 1
    Lot
    • Size: 0.71 Acres
    • Features: City Lot, Near Turnpike/Interstate, Corner Lot, Open Lot
    Details
    • Parcel number: FMTHMR06B077
    • Zoning: F

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Aluminum Siding
    • Foundation: Poured Concrete
    • Roof: Shingle
    Condition
    • Year built: 1948

    Utilities & green energy

    • Electric: On Site, Circuit Breakers
    • Sewer: Private Sewer
    • Water: Private, Well

    Community & HOA

    Location
    • Region: Falmouth

    Financial & listing details

    • Price per square foot: $296/sqft
    • Tax assessed value: $275,200
    • Annual tax amount: $3,803
    • Date on market: 4/15/2026
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/31/2026Sold$300,000-9.1%$296/sqft
    Source: Maine Listings #1657896 Report a problem
    7/12/2026Pending sale$330,000$325/sqft
    Source: Maine Listings #1657896 Report a problem
    7/10/2026Price change$330,000-5.7%$325/sqft
    Source: Maine Listings #1657896 Report a problem
    6/26/2026Price change$350,000-6.7%$345/sqft
    Source: Maine Listings #1657896 Report a problem
    6/14/2026Price change$375,000-6%$370/sqft
    Source: Maine Listings #1657896 Report a problem
    5/22/2026Price change$399,000-11.3%$393/sqft
    Source: Maine Listings #1657896 Report a problem
    5/1/2026Price change$450,000-5.3%$444/sqft
    Source: Maine Listings #1657896 Report a problem
    4/29/2026Listed for sale$475,000$468/sqft
    Source: Maine Listings #1657896 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,682 +6.1%$275,200 +0.2%
    2023$3,471 +6%$274,600
    2022$3,273 +16.8%$274,600 +67%
    2020$2,803 +22.4%$164,400 +4.5%
    2019$2,290 -11.6%$157,300
    2018$2,591 +5.5%$157,300
    2017$2,457 +3.5%$157,300
    2016$2,374 +3.2%$157,300
    2015$2,301 +10.8%$157,300
    2014$2,077 -1.7%$157,300
    2012$2,113 +4%$157,300
    2011$2,032 +4.6%$157,300
    2009$1,943 $157,300
    2008$1,943 $157,300
    Find assessor info on the county website

    Neighborhood: 04105

    Nearby schools

    GreatSchools rating
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    With Zillow Showcase(estimated)
    $306,000

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