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Sold on 10/09/2026
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502 Ossipee Trl E, Gorham, ME 04038

$427,500

Last sold 10/09/2026 after 60 Days

  • 3

    bed

  • 3

    bath

  • 2,357

    Sqft ($181/Sqft)

House not for sale

About 502 Ossipee Trl E

Property type House
Year built 1977
HOA fee $0/month
Lot size 1.5 Acre
Property description
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.
Listed by
Listing Agent - Robert Weisman
Listing Office - EXP Realty
Source: MREIS mls logo
MLS#1675597 • last updated 3 weeks ago
Movoto checked MREIS for data 14 minutes ago
Overview
Heating Electric, Oil, Baseboard, Hot Water
Levels/Style Multi-Level, Cape Cod
MLS # 1675597
SqFt 2357
Status Closed
Lot Size (Acres) 1.5
Lot Size (Sqft) 65340
Property Tax 5562
Year Built 1977
Interior
Total # of Bathrooms 3
# Full Baths 2
# Half Baths 1
# Bedrooms 3
Total # of Rooms 8
Laundry Washer Hookup
Flooring Carpet, Luxury Vinyl
Interior Features 1st Floor Bedroom, Bathtub
Exterior
Roof Shingle
Foundation Poured Concrete
Construction Wood Frame, Clapboard
Parking Paved, 5 - 10 Spaces, On Site, Off Street
Patio/ Porch Deck
Fencing Fenced
Lot Features Near Shopping, Near Turnpike/Interstate, Near Town, Level, Open Lot, Landscaped, Wooded
Amenities / Utilities
Water Source Private
Security Features Fire System
Location
View Trees/Woods
Zoning SR
Lot/ Land Details
Road Surface Paved
  • Oct 2026
    mls logo MLS # 1675597
  • Oct 19, 2026 Sold
    $427,500 (-2.8%)
  • Oct 19, 2026 Pending
    —
  • Aug 26, 2026 Active
    —
  • Aug 10, 2026 Listed
    $440,000 (+216.8%)
  • Jul 2000
    mls logo MLS # 364309
  • Jul 7, 2000 Expired
    —
  • Apr 13, 2000 Listed
    $138,900
  • Year Property taxes Tax assessment
  • 2025
    $5,562 +0.7%
    $375,800
  • 2024
    $5,524 +6.9%
    $375,800
  • 2023
    $5,167 +7.0%
    $375,800
  • 2022
    $4,829 +1.2%
    $375,800 +52.7%
  • 2021
    $4,774 +2.1%
    $246,100
  • 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
    —
  • 502 Ossipee Trl E
    $427K
  • —
  • 04038
    $580K +5% y/y
  • Gorham
    $575K -2% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
17 Jdp Dr, Gorham, ME 04038 $689,500 3/2 2,458 0.18
15 Jdp Dr, Gorham, ME 04038 $714,500 3/2 2,352 0.2
87 Buck St, Gorham, ME 04038 $413,400 2/1 1,192 0.35

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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Source: GreatSchools.org © 2026. All rights reserved.

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