8 Railroad Ave, Kennebunk, ME, 04043

$1,450,000

Home List Price

$10,000*

Closing Credit

2 Full Baths
1,554 SqFt
House

Location

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8 Railroad Ave, Kennebunk$1,450,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Parking1 - 4 Spaces, Gravel, Off Street, On Street
Year Built1955
HeatingHeat Pump, Baseboard
CoolingHeat Pump
BasementYes
MLS #1598842
Lot Size0.11 Acres
StatusActive

About 8 Railroad Ave

Are you in search of a rare investment opportunity in Kennebunk? Look no further than 8 Railroad, an exquisite cottage compound featuring TWO three-bedroom units just steps from the white sands of Kennebunk's Mother's Beach and a short trip to the charming downtown. Currently generating substantial annual cash flow as short-term rentals, these cottages offer the flexibility to be rented out or occupied separately. Both cottages are meticulously curated with fine furniture, lighting, cabinetry, counters, appliances, and artwork. The attention to detail is reminiscent of yacht design, with everything thoughtfully placed, creating a subtle, high-end nautical ambiance. The front cottage, 'Fairview,' opens into a lovely living space that connects to an eat-in kitchen with open shelving. A discreet hallway houses a full-size washer and dryer, leading to a barn door that opens to the bathroom. The side bedroom features a queen-size bed, the second bedroom is equipped with bunk beds, and the primary bedroom offers a king-size bed, all with premium mattresses and a soothing blue and white color scheme. Around the side, you'll find the entrance to 'Seabreeze,' which boasts a private yard and deck space. The entryway leads directly into a kitchen with an eat-in dining table. To the left, a gorgeous living room continues the nautical theme. The hallway reveals a room with a twin trundle bed, ideal for young guests, and a stackable washer and dryer. The spacious bathroom includes a glass door shower, offering more space than typical cottages. The second bedroom has a queen-size bed, while the primary bedroom features a king-size bed and space for a reading chair. The backyard is perfect for outdoor enjoyment, with a picnic table and an array of Adirondack chairs scattered across the property for soaking in the glorious summer days. This property is highly popular as a rental, boasting numerous returning guests and glowing online reviews. Financials available upon request.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage, Ranch
  • Year Built: 1955
  • Living Area: 1,554 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (207) 650-6176

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Vinyl
  • Interior: Furniture Included, One-Floor Living, Shower

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Exterior: Deck, Porch

Parking Information:

  • Attached Garage: No
  • Parking: 1 - 4 Spaces, Gravel, Off Street, On Street

Virtual/3D Tour

  • 3D Tour: 8 Railroad Ave
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Lot Features

Lot Information:

  • Lot: Level, Landscaped, Near Golf Course, Neighborhood
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Baseboard
  • Cooling: Heat Pump

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,450,000

Tax Information:

  • Annual Amount: $7,962
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Name: Maine Listings
  • MLS Number: #1598842

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (207) 650-6176

IDXDisclaimer: Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/18/2024, 12:50:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,962$562,700
2018$7,385$422,000
2017$6,984$422,000

History based on county public records data.

Payment Calculator

$7,304

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,414

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-591092
5
/10
  • Wells Elementary School

  • 276 Sanford Rd

  • 5.01 miles

  • Public District Grades PK-4

school-card-donut-591093
7
/10
  • Lyman Elementary School

  • 39 Schoolhouse Rd

  • 11.82 miles

  • Public District Grades KG-5

school-card-donut-591094
6
/10
  • North Berwick Elementary Schools

  • 25 Varney Rd

  • 12.39 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

Living In Kennebunk, ME

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Kennebunk, ME?

Kennebunk's housing market showcases a charming mix of architectural styles, with a focus on Cape Cod, Colonial, and contemporary designs. Single-family homes are prevalent, offering spacious living environments for those seeking a suburban feel. While the majority of the housing stock is dedicated to these single-family residences, there is also a selection of condominiums and townhouses that cater to a range of lifestyle needs. The area features a homeownership rate that reflects a strong sense of community investment.

What are the advantages of living in Kennebunk, ME?

Kennebunk is celebrated for its quintessential New England charm and coastal allure. The community prides itself on a rich historical tapestry and a vibrant arts scene, with local galleries and theaters contributing to the cultural fabric. Seasonal festivals and the renowned farmers' market are central to the town's social calendar, fostering a sense of togetherness among residents.

Are essential services in Kennebunk, ME convenient?

The town of Kennebunk provides a range of essential services to its residents. The educational system includes several public schools that serve different age groups, ensuring that families have access to quality education. Healthcare needs are met by local clinics and the proximity to larger hospitals in the region. The community also enjoys a variety of retail and dining options, from quaint boutiques to fine dining establishments, reflecting the local culture and cuisine.

How do Kennebunk, ME residents get around?

Transportation in Kennebunk includes a network of well-maintained roads and highways that connect residents to nearby cities and attractions. Public transit options are available, offering a sustainable alternative for commuting. The town's layout encourages walkability, particularly in the downtown area, where residents and visitors can enjoy easy access to shops, restaurants, and parks. Bike paths are also integrated into the community, promoting a healthy and eco-friendly mode of transportation.

Frequently Asked Questions About 8 Railroad Ave

What is the listing price of this property?

The listing price of 8 Railroad Ave property is $1,450,000.

What type of property is this?

The property 8 Railroad Ave is a house located in Kennebunk, Maine, 04043.

Is this property for sale now?

Active Listing: 8 Railroad Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,962 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8 Railroad Ave has 2 bathrooms..

What is the square footage of this property?

The property 8 Railroad Ave is 1,554 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8 Railroad Ave is 1955.

Rocket Homes›Maine›York County›Kennebunk›04043›8 Railroad Ave

This home is located at 8 Railroad Ave in Kennebunk, ME and zip code 04043. This 1,554 square foot home, which was built in 1955, sits on a 0.11 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since January 01, 1970 and is currently priced at $1,450,000.

From Rocket Homes Real Estate and based on county public records data.

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