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  • $140,000

    404 Academy Road, Litchfield, ME 04350

    2beds
    2,430sqft
    : 
    $952/mo
    Get pre-qualified
    Single Family Residence
    Built in 1835
    2 Acres Lot
    $261,200 Zestimate®
    $58/sqft
    $-- HOA

    What's special

    Large open backyardUpdated kitchenColorful welcoming interior paint
    RESIDENTIAL & COMMERCIAL POTENTIAL -- Bring your vision, your contractor, and your plans! This Circa-1835 Cape Cod farmhouse offers a unique opportunity for those looking for a substantial restoration project, residential development potential, or a property that can accommodate business possibilities. Situated on approximately 2 acres and zoned for both residential and commercial use, this property offers flexibility that can be difficult to find. Need more land?? 6 to 27 additional acres may be available for purchase separately. The farmhouse contains 12 rooms, although only 4 rooms are currently being utilized. Improvements to the occupied portion of the home include an updated kitchen and bathroom, along with colorful, welcoming interior paint. Outside, a large, open backyard provides plenty of space and possibilities. This is a major fixer-upper and is being offered with significant restoration needs. The 25'x54', two-story barn is in poor condition, and may require substantial structural repair or demolition. The roof of the ell connecting the barn to the main house requires complete restoration or replacement. The basement currently utilizes a sump pump, and the west wall shows leaning -- one section has previously been replaced with concrete. The home also has a shared well with the neighboring property. For an investor with the resources and vision to undertake a significant project, the property's combination of acreage, historic character, and residential/commercial zoning creates a variety of possibilities. Restore the farmhouse, explore residential development, or investigate potential business uses permitted by local zoning. A working farm currently operates on the premises. The farm stand and business are not part of the sale. The business owner will guide serious inquiries through the penned-in areas/barn. The barn's 2nd floor is unsafe to walk on. Watch your step on the brick floor in basement. Active bee hives are present on the property.
    14 days
    2,228
    122

    Zillow last checked:

    Listing updated:

    Listed by:

    Hoang Realty

    Source: Maine Listings,MLS#: 1678383MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Bedroom 1
      • Level: First
      Bedroom 2
      • Level: First
      Kitchen
      • Level: First
      Living room
      • Level: First
      Heating
      • Direct Vent Heater, Forced Air
      Cooling
      • None
      Features
      • 1st Floor Bedroom, Shower, Storage
      • Flooring: Wood
      • Basement: Bulkhead,Exterior Entry,Dirt Floor,Full,Sump Pump,Brick/Mortar,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,430
      • Total interior livable area: 2,430 sqft
      • Finished area above ground: 2,430
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Parking features: Gravel, Paved, 5 - 10 Spaces, On Site
      • Has attached garage: Yes
      Features
      • Levels: Multi/Split
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Fields
      Lot
      • Size: 2 Acres
      • Features: Near Golf Course, Near Shopping, Near Turnpike/Interstate, Rural, Agricultural, Farm, Open Lot, Pasture
      Details
      • Additional structures: Barn(s)
      • Parcel number: LITDMR02L106
      • Zoning: Village District
      • Other equipment: Internet Access Available

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cape Cod,Farmhouse
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Vinyl Siding
      • Foundation: Stone, Granite, Poured Concrete, Brick/Mortar
      • Roof: Metal,Other,Shingle
      Condition
      • Year built: 1835

      Utilities & green energy

      • Electric: Circuit Breakers, Fuses, Unknown
      • Sewer: Private Sewer, Septic Design Available, Septic Tank
      • Water: Private, Well

      Community & HOA

      Location
      • Region: Litchfield

      Financial & listing details

      • Price per square foot: $58/sqft
      • Tax assessed value: $159,100
      • Annual tax amount: $2,180
      • Date on market: 8/31/2026
      • Exclusions: See Property Disclosure for Exclusions.
      • Road surface type: Paved

        Estimated market value

        $261,200

        $219,000 - $303,000

        $1,543/mo

        Price history

        DateEventPrice
        8/31/2026Listed for sale$140,000$58/sqft
        Source: Maine Listings #1678383 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,267 +2.6%$159,100 -2.8%
        2023$2,209 +3.1%$163,600 +20%
        2022$2,143 +10.7%$136,300
        2021$1,935 $136,300
        2020$1,935 +1.4%$136,300
        2019$1,908 -18.5%$136,300 -5.9%
        2018$2,340 $144,907
        2017$2,340 $144,907
        2016$2,340 +3.9%$144,907
        2015$2,253 +26.5%$144,907 +15.9%
        2014$1,781 +15.9%$124,998
        2013$1,537 +3.7%$124,998 +0.8%
        2011$1,482 +12.4%$124,033 +11.5%
        2009$1,319 -5.7%$111,288 +0.3%
        2008$1,398 $110,978
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 04350

        Getting around

        2 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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