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Offered at $800,000Active
beds
10
baths
6
sq ft
7,800
Built
1900

275, 277 Grove Street

Newport, ME 04953

About this home

LOCATION LOCATION LOCATION!! this large family compound sits on Sebasticook Lake! 3 homes with the potential apartment over the garage next to the main house. Main house has been an inn, a large family home, and a private oasis for well over a century. Two other homes need finishing off to be excellent short-term rentals or guest homes. The main house has 280' of owned sandy footage on the lake with a large open lawn for get togethers and games. The other two lots have their own 20 foot ROW to the lake. Plus, there is 9 acres in the back of the property to develop or keep for future generations. A forth lot where sits an older RV camper can be removed and made into a driveway for access to the back 9 acres. Large solar panels, commercial generators, heat pumps, lots of extra building materials available with the purchase. What a beautiful location to start your family compound or investment property!! Call today for your private showing. All the homes do need cosmetics and updates. Just to be clear This property contains 4 house lots!! yellow house located at 275 has its own septic but shared well with the main house. Lot 277B is a home that is currently used for storage; Lot 277C is the lot with the old camper and has its own well and septic, but not hooked up- this is a buildable lot according to the Sellers. Some equipment used to maintain the home can be sold or negotiated with the property. Property Sold As Is.

Listing last checked: Listing updated:

Listed by Listing Agent · North Country Properties · MLS #1669312

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Details at a glance

Interior5 property facts
Rooms
15
Heating
Electric, Oil, Solar, Baseboard, Heat Pump, Hot Water
Cooling
Heat Pump
Flooring
Laminate, Tile, Vinyl, Hardwood
Fireplaces
1
Building5 property facts
Style
Single Family Residence
Year built
1900
Garage
5
Foundation
Slab, Stone
Roof
Metal
Land & utilities5 property facts
Lot size
10.2 acres
Water
Well
Sewer
Private Sewer, Septic Tank
Waterfront
Y
Zoning
residential
Financial2 property facts
Annual taxes
$11,296
Assessment year
2024

Location

Estimated monthly cost

Explore costs at the $800,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$4,987 / monthAdjust
Principal & interest
$4,045
Property tax
$941
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $11,296. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 275, 277 Grove Street

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Request a tour of 275, 277 Grove Street and a Bean Group agent will help coordinate an available time with the listing side.

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.