27 Summer StLubec, ME 04652

  • Specialty properties
  • 0.50 AC
For Sale
$925,000 View listing

Property Details for 27 Summer St

Lot size
0.50 AC
Property type
Specialty properties
Property subtype
Other specialty properties
APN
LUBE M:015 L:178
APU
LUBEM015L178

Description

This historic three-story inn, built in 1860 and established as a bed and breakfast in 1989, is located in Lubec, Maine, on a 0.5-acre lot. The property boasts seven guest rooms and four comfortable common areas including a library, sunroom, living room with a baby grand piano, and a formal dining room. The inn features a fully equipped kitchen, an owner's sitting area/office with additional kitchen space, and laundry facilities on both the second floor and in the basement. Owner's quarters are located on the third floor, consisting of two rooms and a recently renovated bathroom, with potential for expansion. The property is in exceptional condition, with ongoing upgrades to infrastructure and furnishings. A blend of modern décor and period antiques creates a clean, coastal style. The grounds include perennial gardens and an open deck leading to a garden and garage. Additional undeveloped land offers potential for further development. The inn is zoned residential and offers a solid business history. Asking price is $925,000.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,121,628
    Hospitality
    $3,775,389
    Educational
    $3,141,079
    Medical
    $3,249,106
    Retail
    $4,886,124
27 Summer St, Lubec, Maine
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Location Insight

City
Lubec
County
Washington
State
Maine
Latitude
44.8595
Longitude
-66.9869

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$4,524
$45,831
$466,022
$511,853
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