Bought with United Country Lifestyle Properties of Maine
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Key Details
Sold Price $963,000
Property Type Land
Listing Status Sold
MLS Listing ID 1497305
Sold Date 08/16/21
HOA Y/N No
Originating Board Maine Listings
Annual Tax Amount $16,619
Tax Year 2020
Lot Size 1133.000 Acres
Acres 1133.0
Property Description
1,133± acres in 5 tracts. Two tracts have 22 city approved building lots.
This land investment opportunity surrounding the conserved Perch Pond Forest in Old Town features 5 separate parcels ranging in size from 10.5+/- acres to 764± acres for a total of 1,133± acres. It's value features include 22 approved building sites, 3± miles of town road frontage with electric and phone roadside, 3,800±feet of frontage on Son Pushaw Stream, and considerable timber inventory. All these features and a location less than 15 minutes from Bangor, Maine add up to the best large tract value available in the northeast today.
Timber Inventory - The owner had a timber inventory done in 2019 showing 12.68 cords of merchantable timber per acre. This translates to over 14,000 gross cords of timber at the time of the cruise and does not account for the growth since that date.
Location - Old Town is in central Penobscot County. This small city has a population of 9 over 7,800. The city is located next to Orono Maine, which is home to Maine's largest university. Bangor is just 12 miles from the property. This is the largest city in the northern half of Maine with an international airport, convention centers, casino, countless restaurants, a large medical center and more. This is an area with a high quality of life with good jobs and direct access to unspoiled forest and waters.
Location
State ME
County Penobscot
Zoning R3,R3A,P
Body of Water Pushaw Stream
Exterior
Garage 21+ Spaces, Gravel
Waterfront Yes
Waterfront Description Stream
View Y/N Yes
View Trees/Woods
Street Surface Gravel
Parking Type 21+ Spaces, Gravel
Building
Lot Description Rolling Slope, Wooded, Rural, Suburban
Sewer Septic Needed
Water Well Needed on Site
Schools
School District Rsu 34
Others
Restrictions Unknown
Financing Cash
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327