For sale by owner
    • Price cut: $1K (9/5)
    $900,000

    34 Frenchmans Hl E, Bar Harbor, ME 04609

    3beds
    1,800sqft
    : 
    SingleFamily
    Built in 1980
    3.3 Acres Lot
    $872,800 Zestimate®
    $500/sqft
    $45/mo HOA

    What's special

    Detached two car garageBeautifully landscaped yardPrivate guest parking areaWide plank hardwood floorsCast iron tubSpacious in-law apartmentNearby pond
    Great proven historical short term rental income. Near Acadia National Park, a home on a hill surrounded by woods and streams with a nearby pond. Spacious in-law apartment above detached two car garage with separate driveway and private guest parking area. Proven rental income of $50,000 annually through rental of in-law apartment. Proven rental history of an Additional $15,000 MONTHLY by also renting the main home in Summer months. Last years $50,000 from the guest apartment paid $4,166 of the mortgage payment. Proven historical rental income during off-season/Winter months. Wide plank hardwood floors, cozy window seat and a fireplace create a home that feels instantly like home. Cast iron tub, and vanity accented with local artists Rocky Mann tiles, his and hers sink. Kitchen has granite counters open access for entertainment and dining area. The wood beams accent the interior structure. A belvedere (or large cupola) above the 2nd floor bedroom lends to views of Blue Hill and incredible sunsets. The master bedroom is surrounded by large windows lending to incredible forest views and beautifully landscaped yard. A separate driveway and parking area brings you to the detached two car garage with a beautifully finished in law apartment. This is truly the perfect starter home, or an opportunity to downsize to cozy home which pays for itself through proven seasonal rental income of the detached guest house.
    What the owner loves about this home
    Proven rental history and a great investment for the buyer if this home is their primary residence (defined as living in the home for at least 6 months and 1 day) bar harbor rental permit can be immediately obtained by buyer with proof that the home is the primary residence. Short term rentals of two units (apartment and home) is permitted by the town, 2 night minimum, if the home is the owners primary residence (lived in by owner for 6 months + 1 day) each year. It is a demonstrated cash positive investment. The neighborhood is lovely and the home provides absolute privacy without another home in sight. In Spring the stream gushes and the 3+ acres are filled with birdsong. Home nearly pays for itself with short term seasonal rental of the guest apartment. Great Proven rental income. Nearly pays for itself when renting just the guest apartment as short term rentals during high Season. Demonstrated and proven significant Cash positive investment when renting both of the properties (home and guesthouse) in the high season. I live nearby and would consider managing the Airbnb for the buyer, maintains the listing as shared.
    37 days
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