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.
Est. $2,773 per month, based on comparable rentals
Sale and tax history for 408 Gray Rd
Sale History
Tax History
Date
Event
Price
MREIS #1657896
Jul 31, 2026
Sold
$300,000
$296/sq ft
Jul 9, 2026
Price Changed
$330,000
$325/sq ft
Jun 26, 2026
Price Changed
$350,000
$345/sq ft
Jun 14, 2026
Price Changed
$375,000
$370/sq ft
May 22, 2026
Price Changed
$399,000
$393/sq ft
May 1, 2026
Price Changed
$450,000
$444/sq ft
Apr 15, 2026
Listed
$475,000
$468/sq ft
MREIS #627609
Jun 7, 2003
Listed
$172,500
$170/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,803 (+3.3%)
$153,200 + $121,400
$274,600
2024
$3,682 (+6.1%)
$153,200 + $122,000
$275,200
2023
$3,471 (+6.0%)
$153,200 + $121,400
$274,600
2022
$3,273 (+14.2%)
$153,200 + $121,400
$274,600
2021
$2,865 (+2.2%)
$96,700 + $67,700
$164,400
2020
$2,803 (+5.6%)
$96,700 + $67,700
$164,400
2019
$2,654 (+2.4%)
$89,600 + $67,700
$157,300
2018
$2,591 (+5.5%)
$89,600 + $67,700
$157,300
2017
$2,457 (+3.5%)
$89,600 + $67,700
$157,300
2016
$2,374 (+3.2%)
$89,600 + $67,700
$157,300
2015
$2,301 (+3.7%)
$89,600 + $67,700
$157,300
2014
$2,218 (+5.0%)
$89,600 + $67,700
$157,300
2012
$2,113
$89,600 + $67,700
$157,300
Public record
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.71 Acres
Year renovated
1983
Sq. Ft.
1,014
Year built
1948
Style
Single Family Residential
County
Cumberland County
APN
100284
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Property details
Parking
Parking Information
Has Garage
Attached Garage: Yes
# of Garage Spaces: 1
Parking Features: Gravel, 5 - 10 Spaces, On Site
Vehicle Storage: 1 Car, Attached
Interior
Bathroom Information
# of Baths (Full): 1
Room 1 Information
Type: Dining Room
Level: First
Room 2 Information
Type: Bedroom 2
Level: Second
Room 3 Information
Type: Kitchen
Level: First
Room 4 Information
Type: Bedroom 3
Level: Second
Room 5 Information
Type: Living Room
Level: First
Room 6 Information
Type: Primary Bedroom
Level: First
Room 7 Information
Type: Bedroom 1
Level: Second
Basement Information
Basement Entry: Bulkhead, Full, Unfinished
Interior Features
# of Rooms: 7
Interior Features: 1st Floor Bedroom, Bathtub, One-Floor Living
Furnished: Negotiable
Dishwasher, Microwave, Gas Range, Refrigerator
Window Features: Double-Pane Windows
Flooring: Vinyl
Laundry Information
Laundry Features: Washer Hookup
Exterior
Building Information
Construction Materials: Wood Frame, Aluminum Siding
Roof: Shingle
Total Building Area (Sq. Ft.): 1,014
Building Area Source: Public Records
Property Information
Property Sub Type: Single Family Residence
Year Built: 1948
Above-Grade Finished Area (Sq. Ft.): 1,014
Lot Information
Lot Size (Sq. Ft.): $30,927.60
Lot Size (Acres): 0.71
Lot Size Source: Seller
Lot Features: Intown, Near Turnpike/Interstate, Corner Lot
Road Surface Type: Paved
Zoning: F
Financial
Tax Information
Annual Tax Amount: $3,803
Tax Year: 2025
Utilities
Utility Information
Has Heating
Heating: Forced Air
Electric: On Site, Circuit Breakers
Sewer: Private Sewer
Utilities On: No
Water Source: Private, Well
Water Heater: Gas
Location
Location Information
Unparsed Address: 408 Gray Road, Falmouth, ME 04105
Directions: On the corner of Gray Road & Hurricane
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,014
Stories: 1.0
Lot Size: 0.71 acres
Style: Single Family Residential
Year Built: 1948
Year Renovated: 1983
County: Cumberland County
APN: 100284
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Falmouth Elementary School
Public PreK-5 • Assigned • 3.2mi
10/10
Falmouth Middle School
Public 6-8 • Assigned • 3.3mi
10/10
Falmouth High School
Public 9-12 • Assigned • 3.2mi
9/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 90° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Falmouth, ME • 04105
Average low and high temperatures (°F)
30
17
32
16
43
29
51
38
61
48
73
57
78
63
75
58
70
54
60
44
49
34
35
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 15% for direct sun exposure in Falmouth. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.5 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$403,000 – $488,000
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