86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
86 Ocean Avenue
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$460,000

86 Ocean Avenue

4 Beds 2 Baths 2,077 Sq.Ft.

Description

Three solid investment options exist for this historic 1848 farmhouse in highly desirable Back Cove, one of the most livable & walkable neighborhoods in Portland. Single family home with legal apartment or up to 5 residential units. Options include: One, restore the spacious home & its established gardens - set back from the road on a large lot with mature trees & shrubs. Classic New England farmstead architectural features include the large brick fireplace, connecting kitchen to living areas; charming stairway and banister, and open landing to 4 bedrooms. Plantings, typical of old Maine homesteads, include lilac, roses, grape arbor, day lilies, hostas, tulips, herb & vegetable gardens, along with black walnut, cedar, fir & ash trees - all providing a wonderful backdrop for any avid gardener. Lot could easily accommodate a swimming pool, fruit trees or more extensive perennial &vegetable gardens. Two: Convert the existing barn/garage into legal ADU. Three: Investors & developers also benefit from the R-5 zoning & develop a maximum of (4) residential units plus an ADU. Solid groundwork has been laid for whichever route is pursued: inspection, survey & architect's analysis of development potential available. Unbeatable options - all in walking & biking distance to Back Cove trail, Backyard Blooms, Coveside Coffee, Tipo, Big Sky Bread, and downtown Portland. Property is being sold ''as is.''

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Location

86 Ocean Avenue, Portland, ME 04103

Status

Sold
Elizabeth Banwell

Elizabeth Banwell

TITLE

Real Estate Professional

Property Amenities

Interior
Laundry room Laundry - 1 st Floor, Main Level
Appliances Washer, Refrigerator, Microwave, Gas Range, Dryer, Dishwasher, Cooktop
Total Bedrooms: 4
Full Bathrooms: 2
Other Interior Features 1 st Floor Bedroom, Bathtub
Area & Lot
Lot Area 0.43 Acres
Living area 2,077 Sq.Ft.
MLS® ID 1524185
Year Built 1848
View Description Scenic
Architecture Styles Farmhouse
Type Residential
Status Sold
Exterior
Air conditioning None
Heat type Hot Water
Water Source Public
Garage Space 2.0
Sewer Public Sewer
Parking 1 - 4 Spaces, Paved, Garage Door Opener, Detached, Storage
Lot Features Level, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
Roof Shingle
Utilities Utilities On
Finance
Sales Price $460,000
Real Estate Tax $5,499 yearly

Work With Elizabeth

I have logged many years working in, exploring, and enjoying many of the communities that comprise Maine's 16 counties. I have developed particular knowledge of the following areas: Greater Portland, including Brunswick and Bath; Knox, Waldo & coastal Washington counties.