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.
Active
$140,000
404 Academy Road, Litchfield, ME 04350
2beds
2,430sqft
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
- 14 days
- 2,228
- 122
Zillow last checked:
Listing updated:
Listed by:
Hoang Realty
Source: Maine Listings,MLS#: 1678383
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
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Listed for sale | $140,000$58/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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





