Why no-one wants to buy stunning Maine home on 100 acres that's listed for very reasonable price

A million-dollar Maine home acceptable successful 100 acres of pristine onshore is proving intolerable to sell, but it is not the terms that is the problem. 

With its stunning views, modern amenities and competitory $1.4 cardinal terms tag, has been nary shortage of involvement successful the Phillips property.

But the ample onshore that makes the listing a comparative bargain is precisely what is preventing buyers from pursuing done with an offer.

While 100 acres whitethorn look similar a imagination to some, the upkeep of specified immense spot is simply a monolithic undertaking that galore aren't prepared for, according to the home's listing cause Eric Kinney. 

'It's a batch for immoderate radical to deliberation about,' Kinney told the Bangor Daily News. 'At that terms point, you mightiness privation to instrumentality attraction of those fields.'

The existent owners of the 4-bedroom, 3-bathroom residence have lived successful the unsocial location for much than 3 decades.

But present the retirement-aged mates are selling up, arsenic they nary longer privation to woody with the property's demanding maintenance.

Kinney says the property's ample acreage has acceptable it isolated arsenic a uncommon accidental for homebuyers, but helium believes it is besides the crushed the spot has sat connected the marketplace for much than 200 days since its listing successful September.

The real property cause added that 'decent' homes are successful abbreviated proviso successful Phillips, wherever the 118 Tory Hill Road spot is the lone location for sale.

Kinney said he's had 1 prospective purchaser who expressed involvement successful maintaining the fields and restoring the spot backmost to its farming roots, but that astir are conscionable looking for a low-maintenance full-time residence.  

Some person adjacent shown involvement successful splitting the tremendous parcel up to merchantability disconnected land, according to Kinney, who has worked successful the country arsenic a builder for the past 45 years.

The listing is 1 32 100 acre positive properties for merchantability successful Maine arsenic of Friday.

'Such a ample parcel of onshore is simply a overmuch rarer find contiguous than it was conscionable a fewer years ago,' Kinney said.

'There's less and fewer. There's not galore places near with this acreage, views and privacy,' helium added.

Many larger properties were sold to radical from retired of authorities during the COVID-era existent property boom, the experienced cause said, adding that during the pandemic's outset, radical wanted to get distant and bargain their ain backstage abstraction -  and Maine had plentifulness of properties that acceptable that bill.

The expansive farmhouse boasts much than 2,500 square-feet of surviving abstraction with immaculate views of the occidental Maine mountains and tasteful updates made by the existent owners. 

Built successful 1850, the one-of-a-kind location features antique quirks and irreplicable charm, including 2 wood-burning stoves.

The home's astir caller owners person besides installed a caller furnace, alarms, electrical systems and insulation.

The tucked-away retreat besides has a firepit, basal cellar, barn, shed and a three-car attached garage. 

'It's conscionable a unsocial property, with the views and everything that goes with it,' Kinney said. 'It's conscionable serene up there.'

Despite garnering involvement some locally and out-of-state, the spot remains connected the market.