This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/30
$440,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/30
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.
Full Property Details
Full Property Details for 502 Ossipee Trl E
General
- Price: $440,000
- Taxes: $5,562 (2025)
- Status: Active Under Contract
- Type: Single Family
- Source: MREIS
- MLS ID: 1675597
- Updated: 8/26/2026
- Added to Site: 62 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: 1st Floor Bedroom, Bathtub
- Flooring: Carpet, Luxury Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup
Additional Information
- Security/Safety: Fire System
Exterior
- Porch/Patio/Deck: Deck
Parking
- Parking Features: Paved, 5 - 10 Spaces, On-Site Parking, Off Street
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric, Oil, Baseboard, Hot Water
Utilities
- Sewer: Private Sewer
- Water: Private
Structural Information
- Architectural Style: Cape Cod
- Construction: Wood Frame, Clapboard
- Basement: Yes
- Basement Desc.: Bulkhead, Interior Entry, Full
- Roof: Shingle
- Square Feet: 2,357
- Sq. Ft. Source: Public Records
- Finished Total: 2,357 Sq. Ft.
- Finished Above Grnd: 2,357 Sq. Ft.
- Year Built: 1977
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 1.5
- Lot Size (Sq. Ft.): 65,340
- Zoning: SR
- Lot Description: Near Shopping, Near Turnpike/Interstate, Near Town, Level, Open Lot, Landscaped, Wooded
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $5,562
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 17
Listed by EXP Realty (888) 439-8743
Get Pre-Approved Today
Schools
Schools serving 502 Ossipee Trl E
School District:Gorham
| Name | Grades | Distance |
|---|---|---|
Village Elementary School-Gorham 12 Robie Street, Gorham, ME 04038 | K-5 | 5.7 mi |
Gorham Middle School, Gorham, ME 106 Weeks Road, Gorham, ME 04038 | 6-8 | 6 mi |
Gorham High School, Gorham, ME 41 Morrill Avenue, Gorham, ME 04038 | 9-12 | 5.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 502 Ossipee Trl E
Date
Details
Price
Change
Source
8/10/2026
Listed
$440,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 502 Ossipee Trl E
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,562
1%
$375,800
—
2024
$5,524
7%
$375,800
—
2023
$5,167
7%
$375,800
—
2022
$4,829
1%
$375,800
53%
2021
$4,774
2%
$246,100
—
2020
$4,676
—
$246,100
—
2019
$4,664
4%
$246,100
—
2018
$4,479
6%
$246,100
—
2017
$4,208
1%
$246,100
—
2016
$4,184
4%
$246,100
—
2015
$4,011
12%
$246,100
19%
2014
$3,591
1%
$206,400
—
2013
$3,571
—
$206,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 502 Ossipee Trl E
502 Ossipee Trail E, Gorham, ME 04038 (MLS# 1675597) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 502 Ossipee Trail E is currently listed for $440,000 and was received on August 10, 2026. Want to learn more about 502 Ossipee Trail E? Do you have questions about finding other Single Family real estate for sale in Gorham? You can browse all Gorham real estate or contact a Coldwell Banker agent to request more information.

