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  • $440,000

    502 Ossipee Trail E, Gorham, ME 04038

    3beds
    2,357sqft
    : 
    $2,803/mo
    Get pre-qualified
    Single Family Residence
    Built in 1977
    1.5 Acres Lot
    $459,200 Zestimate®
    $187/sqft
    $-- HOA

    What's special

    Large fenced backyardSpacious fenced backyardExpansive paved parkingFinished two-story accessory buildingBonus room capeFull basementNew boiler
    A rare opportunity in Gorham! Set on approximately 1.5 acres, 502 Ossipee Trail combines a 3-bedroom, 2-bath with a bonus room Cape with a full basement, finished two-story accessory building, expansive paved parking, and a large fenced backyard. The result is a distinctive property offering exceptional flexibility for an owner-operator, entrepreneur, or anyone who needs more room to live, work, create, or grow. Formerly operated as a daycare, the detached accessory building offers infrastructure rarely found with a residential property, including finished space on both levels, existing plumbing, sinks, restroom facilities, and upper-level flex space. Subject to applicable approvals, possibilities may include conversion to an accessory apartment, renewed childcare use, or a qualifying resident-operated home occupation such as a professional office, personal-service or wellness space, instructional studio, creative workspace, or contractor's office. It could also provide valuable space for hobbies, storage, recreation, or other residential accessory uses. The expansive paved parking area provides convenient access and room for multiple vehicles, while the spacious fenced backyard offers useful outdoor space. The main residence provides approximately 1,166 square feet of living area. Recent infrastructure improvements include a new boiler and electrical panel. The property has also been fully cleared out, giving the next owner a straightforward starting point for painting, cosmetic improvements, and personalization. For someone maintaining separate home and workspace expenses, this property presents the possibility of bringing both together at one address. Live where you work, invest in your own property rather than continuing to lease separate space, and enjoy the flexibility to adapt as your needs evolve. Bring your ideas and discover what this unique Gorham property could become.
    6 days
    |
    1,407
    |
    120
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    EXP Realty

    Source: Maine Listings,MLS#: 1675597MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Bedroom 1
      • Level: First
      Bedroom 2
      • Level: Second
      Bedroom 3
      • Level: Second
      Bonus room
      • Level: First
      Kitchen
      • Level: First
      Living room
      • Level: First
      Other
      • Level: Second
      Other
      • Level: First
      Heating
      • Baseboard, Hot Water
      Cooling
      • None
      Features
      • 1st Floor Bedroom, Bathtub
      • Flooring: Carpet, Luxury Vinyl
      • Basement: Bulkhead,Interior Entry,Full
      • Has fireplace: No
      Interior area
      • Total structure area: 2,357
      • Total interior livable area: 2,357 sqft
      • Finished area above ground: 2,357
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Paved, 5 - 10 Spaces, On Site, Off Street
      Features
      • Levels: Multi/Split
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 1.5 Acres
      • Features: Near Shopping, Near Turnpike/Interstate, Near Town, Level, Open Lot, Landscaped, Wooded
      Details
      • Parcel number: GRHMM076B017L000
      • Zoning: SR

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cape Cod
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Clapboard
      • Foundation: Poured Concrete
      • Roof: Shingle
      Condition
      • Year built: 1977

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Private Sewer
      • Water: Private

      Community & HOA

      Community
      • Security: Fire System
      Location
      • Region: Gorham

      Financial & listing details

      • Price per square foot: $187/sqft
      • Tax assessed value: $375,800
      • Annual tax amount: $5,562
      • Date on market: 8/10/2026
      • Road surface type: Paved

        Estimated market value

        $459,200

        $436,000 - $482,000

        $2,959/mo

        Price history

        DateEventPrice
        8/10/2026Listed for sale$440,000+219.1%$187/sqft
        Source: Maine Listings #1675597 Report a problem
        10/24/2000Sold$137,900$59/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,524 +6.9%$375,800
        2023$5,167 +7%$375,800
        2022$4,829 +3.3%$375,800 +52.7%
        2020$4,676 +0.3%$246,100
        2019$4,664 +4.1%$246,100
        2018$4,479 +6.4%$246,100
        2017$4,208 +0.6%$246,100
        2016$4,184 +4.3%$246,100
        2015$4,011 +11.7%$246,100 +19.2%
        2014$3,591 +0.6%$206,400
        2013$3,571 +6.2%$206,400
        2012$3,364 $206,400
        2011$3,364 +2.5%$206,400
        2009$3,282 -0.6%$206,400
        2008$3,302 +6.7%$206,400 +29.4%
        2006$3,094 $159,500
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 04038

        Getting around

        6 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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