#1631087, Listing office: NextHome Experience
$409,000 List price
398 Gilman Falls Ave Old Town, ME 04468
4 beds
2 full, 1 partial
3,296 sqft
0.6 acres
House
Property details
About 398 Gilman Falls Ave
Nestled on a beautifully landscaped 0.64-acre lot in Old Town, Maine, this spacious garrison-style home offers over 3,200 square feet of thoughtfully updated living space. Inside, the main floor features a welcoming formal living room and dining room, a bright, updated kitchen with a large island and modern finishes, and a dedicated home office or bedroom. Upstairs, a stunning open loft provides abundant space for relaxing or entertaining. The second level also includes three generous bedrooms including a primary suite with ample closet space, one full bathroom and one-half bathroom. A bonus room in the daylight basement offers additional flexibility for a playroom, home gym, or guest area. This well-maintained home combines the charm of its 1956 construction with numerous updates from 2023, including three added bedrooms, one and a half bathrooms, a second living room, fresh paint, new flooring, new stairs and treads, trim, and updated windows and more. The attached two-car heated garage adds convenience, and the large driveway provides parking for several vehicles. Outdoors, enjoy the expansive backyard, perfect for gardening, guests, or quiet evenings on the deck. Enjoy the newly installed fire pit and outdoor lounging area, perfect for entertaining and gatherings. With its ideal mix of space, updates, and modern style, this property offers exceptional value and comfort in a peaceful, residential setting close to local amenities. Only 3.4-miles +/- to the University of Maine at Orono and 1.1-miles +/- to Interstate 95, this property location is ideal!
Highlights
Home typeSingle Family Residence
HeatingHot Water, Baseboard
StatusActive
Size3,296 sqft
BasementYes
Lot size0.64 Acres
Year built1956
ParkingHeated, Auto Door Opener, 5 - 10 Spaces, Paved, Inside Entrance
MLS #1629675
Attached garage2 spaces
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Basement: Yes
- Flooring Type: Tile, Laminate, Carpet
- Interior: Storage, Primary Bedroom w/Bath
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Heated, Auto Door Opener, 5 - 10 Spaces, Paved, Inside Entrance
- Exterior: Deck
- Architectural Style: Garrison
- Heating: Hot Water, Baseboard
- Cooling: None
- List Price: $409,000
- Annual Tax Amount: $3,825
- Tax Year: 2023
- Lot: Landscaped, Open Lot, Level, Rural Area
- Year Built: 1956
- Living Area: 3,296 SqFt
- Lot Size: 0.64 Acres
- MLS Number: 1629675
- Office Name: NextHome Experience
- Office Phone: (207) 573-7400
- Office Email: nexthomeexperience@gmail.com
Disclaimer: Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright © 2025 Maine Real Estate Information System, Inc. All Rights Reserved. 
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/4/2025, 10:40:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 24, 2023 | Home Sold | $328,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $216,100 | $3,825 |
| 2022 | $147,300 | $3,093 |
| 2020 | $141,800 | $3,242 |
| 2019 | $141,800 | $3,242 |
| 2018 | $141,800 | $3,242 |
History based on county public records data.
Nearby schools
3
Old Town Elementary School
Public District KG-5
2.1 mi
•576 Stillwater Ave
7
Asa C Adams School
Public District PK-5
4.6 mi
•6 Goodridge Dr
7
Alton Elementary School
Public District PK-5
7.1 mi
•22 Argyle Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,625. The most common annual income of people living in Old Town, ME is less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
46%
<35k
32%
35k-100k
21%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
6%
Single, with Kids
36%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
6%
12-17 yrs old
30%
18-34 yrs old
40%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Pro Wrestling
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Family Dollar
Dollar General
Where do the neighbors go to eat?
Little Caesars
Dominos Pizza
Cracker Barrel
What do the neighbors drive?
Chevrolet
Ford
Ram
What do the neighbors listen to?
Country
New Country- Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 398 Gilman Falls Ave
The listing price of 398 Gilman Falls Ave property is $409,000.
The property 398 Gilman Falls Ave is a house located in Old Town, Maine, 04468.
Active Listing: 398 Gilman Falls Ave is Active, which means the seller is accepting offers.
The nearby schools for 398 Gilman Falls Ave are: Old Town Elementary School (GreatSchools Rating 3/10), Asa C Adams School (GreatSchools Rating 7/10), Alton Elementary School (GreatSchools Rating 7/10), Leonard Middle School (GreatSchools Rating 3/10), Orono Middle School (GreatSchools Rating 7/10), Glenburn Elementary School (GreatSchools Rating 5/10), Old Town High School (GreatSchools Rating 2/10), Orono High School (GreatSchools Rating 5/10), Bangor High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $3,825 (source: MLS/based on county public records data).
The last sale was on March 24, 2023 for $328,000 (source: MLS/tax record).
The property at 398 Gilman Falls Ave has 4 bedrooms and 2 full and 1 half bathrooms.
The property 398 Gilman Falls Ave is 3,296 SqFt (source: MLS/tax record).
The year of construction for 398 Gilman Falls Ave is 1956.
This home is located at 398 Gilman Falls Ave in Old Town, ME and zip code 04468. This 3,296 square foot home, which was built in 1956, sits on a 0.64 acre lot. Features: 4 bedrooms, 3 bathrooms. It is currently priced at $409,000.
From Rocket Homes Real Estate and based on county public records data.