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This property is a rare find, with a spacious interior, plus beautiful outside scenery. Don't miss your opportunity to make it yours! The first level has been renovated into a beautiful 3100 SF event center. You'll find a wet bar, coat closet, industrial prep KIT, and a large open area with posts and beams. Styled with tables and chairs for guests to sit and dine. The previous owners hosted weddings there! Also, find rooms styled to be the bride and groom's areas to get ready. Outside is a 4000 SF free span garage, space for 20+ cars and room to maintain those cars; or turn it into a barn with up to 16 horse stalls. Included on the grounds is a small pond with an island, offering a peaceful place to retreat and relax. The outside also is designed to host weddings, with a gazebo, and benches to seat guests. A 12x18 shed, a 20x40 barn currently used for garden equipment and tractor storage, but could be converted back into horse stalls give lots of extra storage. This property offers business opportunities galore; from a horse facility, a relaxing spa, a car mechanic's shop; or a landscaping company; the options are endless! The 5 BD, 3 BA residential portion has the perfect combination of space. There is also space for an accessory apartment! Located in a quiet neighborhood with beautiful panoramic views, great schools, nearby areas for hiking, and just minutes from the ocean with access to the beach, and downtown Kennebunkport.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.375% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.565% | 6.475% | 6.183% |
Monthly Tax Payment | $355 | $355 | $355 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,937 | $9,957 | $13,468 |
Total Monthly Payment | $9,417 | $10,437 | $13,948 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.