14-16 Dismukes St Kittery, ME 03904
Residential - Village (R-V). A. Purpose. The purpose of the Residential - Village R-V Zone is to recognize the special nature of the Admiralty Village neighborhood as a densely developed residential zone composed primarily of affordable housing on small lots serviced by sewer and water and to encourage reinvestment in maintaining and upgrading the neighborho…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
R-V · Kittery, MEResidential - Village (R-V). A. Purpose. The purpose of the Residential - Village R-V Zone is to recognize the special nature of the Admiralty Village neighborhood as a densely developed residential zone composed primarily of affordable housing on small lots serviced by sewer and water and to encourage reinvestment in maintaining and upgrading the neighborhood. Consistent with this goal, the zone provides for uses that reinforce the residential character and establish building standards that allow improvements on typical lots to enhance the residential quality of life in the neighborhood. To this end, the following will apply: B. Permitted uses. The following uses are permitted in the R-V Zone: [Amended 4-11-2022 ; 11-27-2023 ] (1) Accessory dwelling unit. (2) Dwelling, multifamily 2-4 "limited." (3) Dwelling, manufactured housing. (4) Dwelling, single-family. (5) (Reserved) (6) Accessory buildings, structures, and uses. (7) Home occupation, minor. (8) Day-care facility (limited to 12 or fewer persons in care, in conformance with the standards for a home occupation, minor. See § 16.5.12 ). (9) Nursery school (limited to 12 or fewer persons in care, in conformance with the standards for a home occupation, minor. See § 16.5.12 ). (10) Public facility. (11) Recreation, public facility. (12) Recreation, public open space. (13) Energy storage system, residential. (14) Solar energy system, building-integrated and roof-mounted. (15) Solar energy system, ground-mounted small-scale. C. Special exception uses. The following uses are permitted as special exception uses in the R-V Zone: (1) Public utility facility. (2) Home occupations, major. (3) Day-care facility (for 13 or more persons in care, in conformance with the standards for a home occupation, major. See § 16.5.12 ). (4) Nursery school (for 13 or more persons in care, in conformance with the standards for a home occupation, major. See § 16.5.12 ). (5) Solar energy system, ground-mounted medium- and large-scale (under 20,000 square feet). [Added 4-11-2022 ] D. Standards. All development and the use of land in the R-V Zone must meet the following standards. In addition, the design and performance standards of Chapters 16.5 , 16.7 and 16.8 must be met. The Design Handbook provides examples of appropriate design for nonresidential and multiunit residential projects. (1) The following space standards apply: (a) Minimum net residential acreage per dwelling unit: 4,000 square feet. [Amended 11-27-2023 ; 5-13-2024 ] (b) Minimum lot size: 6,000 square feet. (c) Minimum street frontage: 50 feet.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.