11 Summer St., Hallowell, ME 04347

The above stated price is the tax assessed value and a place holder only. All bids subject to bankruptcy court approval. Real Estate Auction 24-124 - Victorian Colonial Duplex - Subdivision & Development Potential - Oversized 4-Car Garage - .51+/- Acres - 9-11 Summer Street, Hallowell, Maine - Auction Date: Thursday, October 24, 2024 at 11AM On Premises - Preview Dates: Monday, October 14th & Friday, October 18th from 2-3PM - Buyer Broker Participation Available. Contact Auctioneer for Qualifications. - Real Estate: Consists of a tastefully restored Circa 1890's Victorian home designed as a duplex with (2) mirror image units. The home rests on a .51+/- acre surveyed site with 132+/- ft. of street frontage. It is located in a prominent neighborhood and is within walking distance to the quaint and historic downtown riverfront section of Hallowell where restaurants, antique shops, and art galleries can be found. The well maintained units each contain 1,800+-SF of living space and are designed with 3-bedrooms, 1.5 baths, center island kitchen/dining areas, and living rooms. There are side porches that lead to foyers which access the center stairways, and the kitchen and living areas. Amenities include granite counter tops in one unit, tile and hardwood floors, walk in showers, claw foot tub, tiered center staircases, laundry rooms, antique and replacement windows, walk up third floor attic areas ready for conversion to living space, and oil hot water baseboard heat. Other features include a detached 4-car garage with space above to add additional living units, paved horseshoe driveway, a small detached shed, and public utilities. One of the units has been used as an Airbnb and has a strong rental history. Residential 1 and Historic Zoning Districts. Reference Tax Map 9, Lot 95. - Directions:Coming into Downtown Hallowell from Augusta on Water St. (Rt. 201), right onto Temple St., left onto 2nd St., immediate right onto Chestnut St., left onto Summer St., follow to property on the right. - Terms: A $25,000 deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc. (deposited with the Auctioneer on day of sale as a qualification to bid), deposit to be increased to 10% of the final purchase price within 5 calendar days of the sale, with balance due and payable within 30 days from date of auction. A 10% Buyer's Premium will be added to the high bid price to equate the final purchase price. Sale shall be subject to approval of the U.S. Bankruptcy Court. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #24-124. Our 52nd Year and 8,697th Auction.