99 Main Street, Kennebunk, ME 04043

$1,700,000
Property Type: Multi-Family Baths: 6 Square Footage: 7,477 Lot Size (sq. ft.): 69,260 Status: Closed
Current Price: $1,700,000 List Date: 4/25/2024 Last Modified: 1/27/2025

Description

Don't miss this unique and valuable investment opportunity! The income potential presented by this one of a kind in town property offering a blend of timeless grandeur, three private units with dedicated separate entrances, garage parking and in town walkability to shops, restaurants and the seasonal Farmers Market is a fantastic bonus for potential buyers. Holding a prominent position on Historic Main Street, this antique Federal Style residence was built by Nathaniel Frost in 1799. Private and gracefully hidden up a winding drive opening to meticulously maintained grounds, this oasis has sweeping lawns, apple orchards and lush organic gardens. As the circular drive ends at the 3-bay garage and barn, one is surrounded with the private beauty of the courtyard. A brick and granite path leads to the main house with a covered porch entry to a tiled mudroom revealing the casual elegance and warmth of the home. The main house offers 3 ensuite bedrooms with the primary having a fireplace in the dressing room. The central classic kitchen holds court with leathered granite counters, Lacanche oven and custom appliances, slate farmers sink, walk in pantry, all opening to an amazing bright octagonal sunroom with vaulted wood ceiling, propane heat stove and five sliding glass doors to access the courtyard and deck. The additional two units each have 2 bedrooms and 1 bath with kitchens, dining and living rooms and laundry offering flexibility and income for the discerning buyer. An absolute ''Must See''

Supplements: ********

More Information MLS# 1587422

Location Information

Book: 2853 Leased Land: No Page: 2512 Map: 46 Lot: 78 Zoning Overlay: No Association: No Street #: 99 Street Name: Main Street Type: Street County: York Town: Kennebunk State/Province: ME Zip Code: 04043 Zoning: US Full Tax Amount $: 15300 Tax Year: 2023 Geo Lat: 43.386193 Geo Lon: -70.537589

Property Information

Surveyed: Yes Seasonal: No Number of Units: 3 Deed: Partial Lot Size Acres +/-: 1.59 Total Baths: 6 Total Half Baths: 1 SqFt Finished Above Grade: 7477 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: Yes Garage Spaces: 3 Total Full Baths: 5 Year Built: 1799 SqFt Finished Total: 7477 Source of Acreage: Survey

Site

Level: 1 Open: 1 Well Landscaped: 1

Location

Intown: 1 Near Public Beach: 1 Near Turnpike/Interstate: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

Federal: 1

Construction

Wood Frame: 1

Basement

Full: 1 Unfinished: 1

View

Fields: 1

Exterior

Clapboard: 1

Roof

Shingle: 1

Heat System

Geothermal: 1 Heat Pump: 1

Heat Fuel

Electric: 1 Other Heat Fuel: 1 Propane: 1

Income & Expenses

Gross Income: 58000 Operating Expenses: 14500

Cooling

Central Air: 1

Floors

Tile: 1 Wood: 1

Units

# of 2 BD Units: 2 # of 3 BD Units: 1

Parking

5 - 10 Spaces: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2200 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 2400 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Lease: No Level: First Security Deposit: No Monthly Rent: 0 # Full Baths: 3 # Half Baths: 1 # of Rooms: 12 # of Bedrooms: 3 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Bottled: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Paved: 1

Sold Info

Appraiser Email Address: rusty@pillsburyappraisal.com

Basement Entry

Bulkhead: 1 Interior: 1

Water Heater

Off Heating System: 1

Amenities

In-Law Apartment: 1 Laundry - 2nd Floor: 1 Pantry: 1

Patio and Porch Features

Deck: 1 Patio: 1

Vehicle Storage

3 Car: 1 Direct Entry to Living: 1 Storage Above: 1

Contract Information

Status: Closed Original List Price: 1825000 Sold Price: $1,700,000 Current Price: $1,700,000

Status Change Info

Pending Date: 2024-09-17 Closed Date: 2024-11-01 Closed Price: 1700000

Property Features

Site: Level; Open; Well Landscaped Location: Intown; Near Public Beach; Near Turnpike/Interstate Roads: Paved; Public View: Fields Style: Federal Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Bulkhead; Interior Exterior: Clapboard Roof: Shingle Heat System: Geothermal; Heat Pump Heat Fuel: Other Heat Fuel; Propane Water Heater: Off Heating System Cooling: Central Air Floors: Tile; Wood Amenities: In-Law Apartment; Laundry - 2nd Floor; Pantry Patio and Porch Features: Deck; Patio Driveway: Paved Parking: 5 - 10 Spaces Vehicle Storage: 3 Car; Direct Entry to Living; Storage Above Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: Legacy Properties Sotheby's International Realty
IDX
Last Updated: January - 27 - 2025
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