Bought with Real Broker
$550,000
$575,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
5 Baths
4,340 SqFt
SOLD DATE : 05/21/2025
Key Details
Sold Price $550,000
Property Type Multi-Family
Listing Status Sold
Square Footage 4,340 sqft
MLS Listing ID 1612072
Sold Date 05/21/25
Style Farmhouse
Full Baths 4
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 4,340
Year Built 1905
Annual Tax Amount $4,587
Tax Year 2023
Lot Size 7.900 Acres
Acres 7.9
Source Maine Listings
Property Description
Nestled on 7.8 acres of scenic land, this unique two-unit property offers both income potential and plenty of space for your personal enjoyment. Located in the heart of Monmouth, ME, it includes a successful Airbnb-ready 4-bedroom, 3-bathroom home, a cozy 2-bedroom, 1.5-bathroom unit, an old cider barn full of character, and private access to the tranquil Cochnewagon Lake just across the railroad tracks. The spacious 4-bedroom, 3-bathroom unit has been a consistently successful Airbnb, making it an ideal investment opportunity or a perfect space for large families. With its bright, open layout, the home features modern amenities while retaining classic New England charm. Expansive living areas, a fully equipped kitchen, and cozy bedrooms provide guests with a comfortable, memorable stay. The property's sprawling yard and serene surroundings further elevate the guest experience, offering them a true escape.The second unit is a 2-bedroom, 1.5-bathroom home that was rented to a family friend under market value, offering potential for a new tenant at full market rate or a private in-law suite. This unit is perfect for multigenerational living or additional rental income. With a spacious kitchen, cozy living spaces, and a private entry, this unit provides both comfort and privacy. A unique feature of this property is the charming old cider barn, full of rustic character and ready for transformation. Whether you're looking for additional storage, a workshop, or a space to create your own studio, this historic structure adds character and versatility to the property.Enjoy the serenity and beauty of Cochnewagon Lake just a short walk away across the railroad tracks. Whether you're into boating, fishing, or simply enjoying nature, this access provides a special touch to this already incredible property.
Location
State ME
County Kennebec
Zoning RES
Body of Water Cochnewagon
Rooms
Basement Interior, Full, Unfinished
Interior
Interior Features Walk-in Closets, In-Law Apartment, Attic, Bathtub, Shower, Storage, Primary Bedroom w/Bath
Heating Zoned, Hot Water, Heat Pump, Forced Air, Baseboard
Cooling None
Flooring Wood, Vinyl, Tile, Carpet
Equipment Internet Access Available, Cable
Laundry Laundry - 1st Floor, Main Level
Exterior
Parking Features 11 - 20 Spaces, Paved, On Site, Inside Entrance, Off Street
Garage Spaces 4.0
Utilities Available 1
View Y/N No
Roof Type Metal,Shingle
Street Surface Paved
Porch Deck, Porch
Garage Yes
Building
Lot Description Pasture/Field, Level, Rural
Foundation Granite, Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Farmhouse
Structure Type Shingle Siding,Clapboard,Aluminum Siding,Other,Wood Frame
Others
Restrictions Unknown
Energy Description Oil, Electric
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