553 Shore Road
553 Shore Road
Cape Elizabeth, ME 04107
$1,875,000
Price
4
Beds
2
Baths
1
1/2 Bath
2,422 Sq. Ft.
$774 / Sq. Ft.
2,422
Sq. Ft.
$774
per Sq. Ft.
Description
Nestled along the prestigious Shore Road, this distinguished Georgian Colonial residence presents a versatile mixed-use opportunity. Boasting commercial space on the ground floor and two spacious apartments spanning the upper levels, this property epitomizes convenience and amazing potential. Offered as a very successful ''turn-key'' rental business, with most furnishings included, it also holds promise for diverse ventures within the BA zone. Positioned at the gateway to Cape Elizabeth, this property...Nestled along the prestigious Shore Road, this distinguished Georgian Colonial residence presents a versatile mixed-use opportunity. Boasting commercial space on the ground floor and two spacious apartments spanning the upper levels, this property epitomizes convenience and amazing potential. Offered as a very successful ''turn-key'' rental business, with most furnishings included, it also holds promise for diverse ventures within the BA zone. Positioned at the gateway to Cape Elizabeth, this property enjoys unrivaled prominence, surrounded by pristine beaches, scenic parks, and an array of dining, entertainment, and cultural amenities within easy walking distance. Meticulously preserving its original charm, while selectively modernizing essential features, this property seamlessly blends timeless elegance with contemporary functionality. Ideal for entrepreneurs, owner-occupiers, or those seeking to capitalize on the bustling yet idyllic coastal atmosphere, this property represents a prime investment opportunity. Excellent furnished, monthly rental income of the two residential units, combined with the presence of a first-floor commercial space and garage, underscores the significant income potential of this distinctive property. Whether establishing a business or embracing the allure of coastal living, this property promises both distinction and potential in equal measure.
- Listed by Kathryn Townsend • Townsend Real Estate
Property Details for 553 Shore Road
Waterfront
No
ArchitecturalStyleColonial
Garage Spaces2.00
GarageYes
ZoningBA
Location
Listing Courtesy of Townsend Real Estate
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LISTING UPDATED: 04/27/2024 08:38 PM
Property Details for 553 Shore Road
| Status | Active |
|---|---|
| MLS # | 1587624 |
| Days on Market | 13 |
| Taxes | $7,406 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1900 |
| Lot Size | 0.24 AC / 10,454 SF |
| County | Cumberland County |
Location
Listing Courtesy of Townsend Real Estate
Add your commute
Building Information for 553 Shore Road
Stories3Residences3Year Built1900Building Size-Lot Size0.24 AC / 10,454 SF
Payment Calculator
$10,850 per month
30 year fixed, 7.25% Interest
Principal and Interest
$10,233
Property Taxes
$617
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 553 Shore Road
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 1010
- Directions: From Broadway in South Portland, head east on Cottage Road approximately 1 mile. Cottage Road becomes Shore Road at Cape/So Portland town line. Property will be on the right.
- Town: Cape Elizabeth
- State/Province: ME
- Zip Code: 04107
- County: Cumberland
- Geo Latitude: 43.633225
- Geo Longitude: -70.226767
- Tax Lot: 6
- Site:Level: Yes
- Site:Open: Yes
- Site:Sidewalks: Yes
- Site:Well Landscaped: Yes
- Location:Near Public Beach: Yes
- Location:Near Town: Yes
- Location:Neighborhood: Yes
- Recreational Water:Nearby: Yes
Parking
- Parking Features: 5 - 10 Spaces, Paved, Detached, Off Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 32718
- Tax Map Number: U01
- Tax Year: 2023
- Parcel Number: CAPE-001006U
- Location Information:Association Y/N: No
- Tax Annual Amount: $7,406.00
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 2422.0
- Lot Size Acres: 0.24
- Source of Acreage: Public Records
- Building Area Total: 2422.0
- Lot Size Area: 0.24
- Lot Size Units: Acres
- Lot Size Square Feet: 10454.4
- Bathrooms Full: 2
- Bathrooms Half: 1
- Street Number: 553
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Total Half Baths: 1.00
Parking
- Driveway:Paved: Yes
Property and Assessments
- Documents Available: Property Disclosure Public Access, Lead Paint Addendum Public Access, Deed Public Access, Other Public Access 1, Other Public Access 2, Other Public Access 3
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1900
Utilities
- Electric: True
- Sewer: Private Sewer
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:Natural - At Street: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Siding, Wood Frame
- # Fireplaces: 1
- Fireplace: Yes
- Vehicle Storage:2 Car: Yes
- Vehicle Storage:Detached: Yes
- Roof: Shingle
- Patio and Porch Features:Porch: Yes
Interior Features
- Basement: Full, Interior Entry
- Flooring: Wood
- Cooling: Heat Pump
- Heating: Steam, Heat Pump
- Foundation Details: Stone
- # Floors: 3
- Bathrooms Total (Integer): 3
- Bathrooms Total (Decimal): 2.50
- Bathrooms Total (Notational): 2.10
- Cooling YN: Yes
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $138,033.00
- Operating Expenses: $17,282.00
Multi-Family Information
- Number of Units: 3
- Building Info:# Fireplaces: 1
- Building Info:# Stories: 3
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $.00
- Unit 1:# Full Baths: .00
- Unit 1:# of Half Baths: 1.00
- Unit 1:# of Rooms: 3.00
- Unit 1:# of Bedrooms: .00
- Unit 1:Dedicated Electric Meter: No
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: No
- Unit 1:Heat: Yes
- Unit 1:Range: No
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: Second
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 4.00
- Unit 2:# of Bedrooms: 2.00
- Unit 2:Dedicated Electric Meter: No
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: Yes
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: No
- Unit 3:Level: Third
- Unit 3:Security Deposit: No
- Unit 3:Monthly Rent: $.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 4.00
- Unit 3:# of Bedrooms: 2.00
- Unit 3:Dedicated Electric Meter: No
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: Yes
- Unit 3:Heat: Yes
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit Information
- Units:# of 1 BD Units: 1
- Units:# of 2 BD Units: 2
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
Property History for 553 Shore Road
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 553 Shore Road
Taxable ValueLand$122,500Additions$209,000Total$331,500
Tax Record2022$7,011 ($584 / month)
Home Facts
Lot Size10,454 SqFtStyleStoresZoningBACountyCUMBERLANDAPNCAPE U01006000000
Schools near 553 Shore Road
This home is within Cape Elizabeth Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | 2 to 10 |
Rating | School | Distance |
|---|---|---|
Pond Cove Elementary School PublicK to 4 | ||
Cape Elizabeth Middle School Public5 to 8 | ||
Cape Elizabeth High School Public9 to 12 | ||
Spurwink School--S Portland Private2 to 10 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Townsend Real Estate
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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
