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.
Active
Price cut: $25K (5/1)
$450,000
408 Gray Road, Falmouth, ME 04105
3beds
1,014sqft
Est.:
Single Family Residence
Built in 1948
0.71 Acres Lot
$-- Zestimate®
$444/sqft
$-- HOA
What's special
- 16 days |
- 256 |
- 2 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
4 Maine Realty
Source: Maine Listings,MLS#: 1657896
Tour with a local agent
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
Features
- Flooring: Vinyl
- Windows: Double Pane Windows
- Basement: Bulkhead
- 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: Garage - Attached
- Attached garage spaces: 1
Lot
- Size: 0.71 Acres
Details
- Parcel number: FMTHMR06B077
- Zoning: F
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- 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: $444/sqft
- Tax assessed value: $275,200
- Annual tax amount: $3,803
- Date on market: 4/15/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Price change | $450,000-5.3%$444/sqft |
Source:  Maine Listings #1657896 Report a problem | ||
| 4/29/2026 | Listed for sale | $475,000$468/sqft |
Source: Maine Listings #1657896 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Monthly payment
Est. payment
$2,573/mo
Principal & interest
$2205
Property taxes
$368
More affordability tools
Climate risks
Neighborhood: 04105
Nearby schools
GreatSchools rating
- 10/10Falmouth Elementary SchoolGrades: K-5Distance: 3.2 mi
- 10/10Falmouth Middle SchoolGrades: 6-8Distance: 3.3 mi
- 9/10Falmouth High SchoolGrades: 9-12Distance: 3.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Cumberland County
- Falmouth
- 04105
- 408 Gray Road
Nearby cities
Nearby zip codes
Other Falmouth Topics
