Posted by Barbara (ME) on April 26, 1999 at 08:10:18:
House and land assessed for $52k. 8 rooms…plus a pantry! (4 bedrooms) and attached barn on nice corner lot 1/2 acre right in village next door to MUCH more expensive houses on both sides. House for sale for 3 years at $55k (houses move slowly here)and (out of state) owner who inherited it will take offer and finance.
Needs repairs but outside of some electric update nothing major.Mainly some glass replacement and cosmetic work.
I am thinking of offering $35k with owner financing and am going to try $0 down.
Built in 1840 with original woodwork, hardwood floors.
Don’t want to be a landlord so might rehab for resale.
We have people from Conn. and NY buy houses here for summer residences, but want a place already fixed up.
I feel market price is $70k and possibly much higher due to 4th bedroom and location.Am very familiar with comps here.