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$550,000   Price Analysis
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194 Main Rd
Islesboro, ME 04848
2 bed 1 bath 1,152 SqFt ($477/SqFt)
1.0 acre lot. Built 1983
Listed 2024-02-22
USDA Eligible
near Islesboro, ME
 

Investment opportunity on the island of Islesboro.

Consider the potential with this 1+/- acre lot that houses two structures. The first of which is a 2-floor gambrel with an unfinished space on the first floor and a 3 BR 1 BA apartment on the second floor. The second structure is a 36 x 45 large metal garage with 16-foot ceilings. Located on Main Road with prime visibility, find pportunity for multiple potential investment streams with plentiful workshop, garage or studio space as well as an apartment tha t could be used as a primary residence or rented.

Including a generator and fiber optic broadband internet with 1 gibibyte connection speeds, this multifaceted property is located three miles off the coast of Lincolnville in Penobscot Bay and accessed by a 20-minute public car ferry, water taxi or private boat or small airplane.


Presented by Virginia Hess at
Cates Real Estate.
Listing Agent Photo

Property MLS #1582764 from MaineListings

Bedrooms: 2
Bedroom 1 Level: Second
Bedroom 2 Level: Second

Total Rooms: 6
Living Room Level: Second
Office/Study Room Level: Second

Total Bathrooms: 1
Full Bathrooms: 1

Washer
Refrigerator
Gas Range
Dryer
Dishwasher

Heating Features: Stove, Direct Vent Heater
Heating: Yes
Number of Fireplaces: 1

Kitchen Level: Second

Patio And Porch Features: Deck

Lot Description: Near Golf Course, Near Shopping, Near Town, Rural
Lot Size Acres: 1.0
Lot Size Square Feet: 43560

Garage Spaces: 4
Parking Features: 5 - 10 Spaces, Gravel

View: Fields

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 2556
Source Listing Status: Active
County: Waldo
Directions: From Ferry Rd turn left onto Mill Creek. Continue to the intersection of Mill Creek and Pendleton Point/Main Rd. Head north on Main Rd. Property is on the left sign out front.
Tax Year: 2023
Source Property Type: Residential
Exclusions: Asymmetrical Lift 12, 000 lbs
Parcel Number: ISBR-000019-000000-000002
Postal Code Plus 4: 4508
Zoning: Residential
Property Subtype: Single Family Residence
Source System Name: C2C

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Year Built: 1983
Above Grade Finished Area: 1152
Building Area Total: 1152
Building Exterior Type: Metal Clad, Clapboard, Wood Frame
Construction Materials: Metal Clad, Clapboard, Wood Frame
Foundation Details: Concrete Perimeter, Slab
Property Age: 41
Roof: Shingle
Architectural Style: Gambrel

Sewer: Private Sewer
Water Source: Private

Islesboro Central School is a public elementary, middle and high school located approximately 2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.