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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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404 Academy Rd , Litchfield, ME 04350
$140,000
Est. Payment: $311.11/mo
0 Bed
0 Bath
2430 Sqft
Status: Active | Days on site: 16
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House Description

RESIDENTIAL & COMMERCIAL POTENTIAL -- Bring your vision, your contractor, and your plans! This Circa-1835 Cape Cod farmhouse offers a unique opportunity for those looking for a substantial restoration project, residential development potential, or a property that can accommodate business possibilities. Situated on approximately 2 acres and zoned for both residential and commercial use, this property offers flexibility that can be difficult to find. Need more land?? 6 to 27 additional acres may be available for purchase separately. The farmhouse contains 12 rooms, although only 4 rooms are currently being utilized. Improvements to the occupied portion of the home include an updated kitchen and bathroom, along with colorful, welcoming interior paint. Outside, a large, open backyard provides plenty of space and possibilities. This is a major fixer-upper and is being offered with significant restoration needs. The 25'x54', two-story barn is in poor condition, and may require substantial structural repair or demolition. The roof of the ell connecting the barn to the main house requires complete restoration or replacement. The basement currently utilizes a sump pump, and the west wall shows leaning -- one section has previously been replaced with concrete. The home also has a shared well with the neighboring property. For an investor with the resources and vision to undertake a significant project, the property's combination of acreage, historic character, and residential/commercial zoning creates a variety of possibilities. Restore the farmhouse, explore residential development, or investigate potential business uses permitted by local zoning. A working farm currently operates on the premises. The farm stand and business are not part of the sale. The business owner will guide serious inquiries through the penned-in areas/barn. The barn's 2nd floor is unsafe to walk on. Watch your step on the brick floor in basement. Active bee hives are present on the property.

Highlights

Listed by Tammy Densmore , 207-485-1171 Hoang Realty , 207-623-0623.

Property Type

Commercial Sale

Lot/Acreage
2

Year Built

1835

County

Kennebec

Listing ID

1678589

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Floor:Wood
Basement:Bulkhead,Dirt Floor,Full,Sump Pump,Unfinished,Brick/Mortar
Other:
  • Additional:Storage
Water:Private,Well

Exterior Features

Lot:Business District,Near Shopping,Near Turnpike/Interstate,Rural
Zoning:Village District
Roof:Other,Shingle
Sewer:Private Sewer,Septic Design Available
Parking Features:5 - 10 Spaces,On Site,Paved,Gravel

Open House

Upcoming Open Houses
Sunday 10:00 am - 12:00 pm Sep 20
Principal Interest
$311
Taxes
$182

Home Price

$140,000

Loan Details

30 yrs
%

Down Payment

20%
$28,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$311.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $311.11 $181.70 $0.00 $492.82
Yearly $3,733.33 $2,180.45 $0.00 $5,913.78
Total $112,000.00 $65,413.50 $0.00 $177,413.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Litchfield, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.