This home's estimate is 28.1% lower than the average sale price ($296K) of 6 comparable homes.
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2 Gerald Ter, Fairfield, ME 04937
About this home
Why rent when you can own? Live in the spacious front unit & use income from rental to offset your expenses. Updated 2 br units include well maintained hardwood floors, new cabinets, fresh paint, new flooring, & windows, 2 furnaces. Good income potential.
Redfin Estimate
Market trends in 04937, ME
Last updated October 2026
Buyer's Market
Seller's Market
Balanced market
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Provided by Redfin
Sale history for 2 Gerald Ter
$29/sq ft
$41/sq ft
Tax history for 2 Gerald Ter
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Has Garage
- Parking Features: Paved, Detached
- Vehicle Storage: 2 Car, Detached
Interior
- Virtual Tour
- Bathroom Information
- # of Baths (Full): 2
- Basement Information
- Basement Entry: Full, Unfinished
- Interior Features
- Flooring: Wood, Vinyl
- Laundry Information
- Laundry Features: Washer Hookup
Exterior
- Building Information
- Construction Materials: Vinyl Siding, Wood Frame
- Foundation Details: Stone, Concrete Perimeter
- Roof: Shingle
- Total Building Area (Sq. Ft.): 2,184
- Property Information
- Year Built: 1900
- Above-Grade Finished Area (Sq. Ft.): 2,184
- Levels: Multi-Level
- Lot Information
- Lot Size (Sq. Ft.): $11,761.20
- Lot Size (Acres): 0.27
- Lot Size Source: Public Records
- Lot Features: Open, Level, Intown, Near Shopping
- Road Surface Type: Paved
- Zoning: Urban Res
Financial
- Tax Information
- Annual Tax Amount: $1,936
- Tax Year: 2010
Utilities
- Utility Information
- Has Heating
- Heating: Forced Air, Hot Air
- Electric: Fuses, Circuit Breakers
- Sewer: Public Sewer
- Utilities On: No
- Water Source: Public
- Water Heater: Electric
Location
- Multi-Unit Information
- # of Units Total: 2
- # of 2 Bedroom Units: 2
- Operating Expense: $3,479
- Gross Income: $10,860
- Unit 1 Information
- # of Bedrooms: 2
- Actual Rent: $480
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: No
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
- Unit 2 Information
- # of Bedrooms: 2
- Actual Rent: $425
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: No
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
- HOA Information
- Pets Allowed: No Restrictions
- Location Information
- Unparsed Address: 2 Gerald Terrace, Fairfield, ME 04937
- Directions: College Ave. to Main St. in Fairfield left onto Gerald Terrace, just by funeral home. Last home on left.
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: 0.27 acres
- Style: Other
- Year Built: —
- Year Renovated: —
- County: Somerset County
- APN: 466894
Around this home
Schools
- K - 12
- Preschool & daycare
Public K-6 • Assigned • 1.1mi
Public 7-8 • Assigned • 0.5mi
Public 9-12 • Assigned • 0.4mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 93° expected this year, 15 days in 30 years
15% chance of strong winds in next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
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Nearby similar homes
New listings for sale in 04937
Home values near 2 Gerald Ter
| Address | Redfin Estimate |
|---|---|
4 Beds | 1 Baths | 1938 Sq. Ft. | $124,161 |
6 Beds | 2.5 Baths | 2680 Sq. Ft. | $224,330 |
6 Beds | 2 Baths | 2800 Sq. Ft. | — |
6 Beds | 2 Baths | 2800 Sq. Ft. | $259,893 |
3 Beds | 1 Baths | 1463 Sq. Ft. | $134,630 |
4 Beds | 1 Baths | 1938 Sq. Ft. | $188,625 |
4 Beds | 1.5 Baths | 3658 Sq. Ft. | $256,615 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1463 Sq. Ft. | $131,735 |
4 Beds | 2 Baths | 2105 Sq. Ft. | — |
4 Beds | 2 Baths | 2228 Sq. Ft. | $216,305 |
4 Beds | 2 Baths | 2105 Sq. Ft. | — |
4 Beds | 2 Baths | 2228 Sq. Ft. | $222,906 |
3 Beds | 1.5 Baths | 1947 Sq. Ft. | $168,075 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 1.5 Baths | 1827 Sq. Ft. | — |
5 Beds | - Baths | - Sq. Ft. | — |
3 Beds | 1.5 Baths | 1947 Sq. Ft. | $167,113 |
6 Beds | 3 Baths | 2680 Sq. Ft. | $217,318 |
5 Beds | 2 Baths | 2592 Sq. Ft. | $273,157 |
4 Beds | 1.5 Baths | 1827 Sq. Ft. | $190,410 |
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