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Offered at $249,000Under Contract
beds
4
baths
2
sq ft
1,764
Built
1963

516 Greenwood Road

Norway, ME 04268

About this home

Back on the market as an Approved Short Sale Property. Discover spacious, single-level living with room to grow in this generously sized 1960s ranch, offering over 1,700 sq. ft. of comfortable living space on a beautiful, private 1-acre lot. With 4+ bedrooms (septic design for four) and two full baths, the flexible layout easily adapts to a variety of lifestyles. Inside, you'll love the welcoming floor plan featuring a separate dining room just off the kitchen--perfect for gatherings, holidays, or everyday meals. The kitchen includes newer appliances, while the large living room plus an additional bonus room provide endless possibilities for a home office, hobby space, or extra bedroom. Abundant natural light fills the home thanks to many newer double-pane windows, offering both energy efficiency and comfort. A full basement provides excellent storage and future expansion potential. Outside, enjoy practical features including an attached one-car garage, a back porch for relaxing outdoors, a durable metal roof, and a newer septic system for peace of mind. Two driveways--one leading to the garage and another wrapping around the back--offer ample parking and added convenience. This home presents an excellent opportunity for cosmetic updates, allowing a new owner to add personal touches and build instant equity. (Please note: sellers occasionally smoke indoors; any smoke odor is minimal.) Set in a rural yet accessible location, the property offers easy access to skiing, outdoor recreation, and nearby town amenities, blending country charm with everyday convenience.

Listing last checked: Listing updated:

Listed by Listing Agent · Hearth & Key Realty · MLS #1644323

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Details at a glance

Interior5 property facts
Rooms
8
Heating
Oil, Baseboard, Hot Water
Cooling
None
Flooring
Laminate, Vinyl, Linoleum
Fireplaces
0
Building5 property facts
Style
Single Family Residence
Year built
1963
Garage
1
Foundation
Poured Concrete
Roof
Metal
Land & utilities4 property facts
Lot size
1 acres
Water
Private, Well
Sewer
Private Sewer, Septic Tank
Zoning
Residiental
Financial2 property facts
Annual taxes
$4,049
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $249,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,596 / monthAdjust
Principal & interest
$1,259
Property tax
$337
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $4,049. 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 516 Greenwood Road

Can I request a private showing?

Request a tour of 516 Greenwood Road and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

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.