About this home
Rare in-town development opportunity in one of Saco's most walkable neighborhoods. This .308-acre parcel at the end of Hobson Lane is zoned HDR (High Density Residential), which allows one dwelling unit per 3,000 sq ft of land area -- giving the lot potential for 4+ units (buyer to verify with the City of Saco). The zoning supports a range of uses, from a single-family home to a duplex or multi-unit project. The location adds long-term value: the Saco Riverwalk trail begins just beyond the end of the lane, and downtown Saco's shops, restaurants, and Amtrak Downeaster station are minutes away, with convenient access to Route 1, I-195, and the beaches at Camp Ellis and Old Orchard. Well-located parcels with this zoning flexibility rarely become available in Saco's core. Listing agent has an ownership interest in the property.
Listing last checked: Listing updated:
Listed by Listing Agent · Plowman Realty Group · MLS #1671759
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Details at a glance
Building1 property facts
- Style
- Other
Land & utilities4 property facts
- Lot size
- 0.3 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- HDR
Financial2 property facts
- Annual taxes
- $1,931
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $225,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,299 / monthAdjust
- Principal & interest
- $1,138
- Property tax
- $161
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $1,931. 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 5 Hobson Lane
Can I request a private showing?
Request a tour of 5 Hobson Lane 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.