266 Front Street, Richmond, ME, 04357 | $225,000

Lovingly referred to as ''The Swan Victorian'', this gorgeous, historic home has a rich history. As far as we can tell, it was first owned by Mr. Maxwell from Boston, Massachusetts in the early 1900s. Many locals will remember it as a nursing home in the 1990s. Over the years following, The Swan was not well-maintained and had much deferred maintenance. Fast forward to January 2020 when an enthusiastic redheaded girl (and real estate agent) named Mandy refinanced her own house so she could purchase this babe of a building for $100, 000 and bring it back to life. She even made an Instagram account for the building which quickly gained over 12, 000 followers (@theswanvictorian)! 3 months later the pandemic hit, building material prices skyrocketed and everything felt hard. Mandy's enthusiasm kept her pushing forward, and she put a new roof on the building (35k), did major tree work/removal (10k) had a ton of interior work done (20k - including a gorgeous, unique floor), and in 2021, paid a painting contractor $60, 000 to completely overhaul the exterior, which had tons of rot and unfinished paint work. This is where the story turns sad. The painting contractor took all of her money, and only partially completed the job. This shifted the energy of the project, and after MUCH deliberation, she has decided to pass this project off to the next steward. This building has SO much potential. It could be a cool coffee shop or commercial space with Airbnb's upstairs (there's a new wedding venue that just opened down the street!); it could be multiple apartments; it could be a luxurious, single family home! Come take a peak and daydream about the possibilities. Since this property does not currently have heat or a kitchen, cash, a hard money lender, or a construction loan are your only options to purchase. Also note that the town of Richmond has a special program where they give up to $30, 000 a year on exterior facade upgrades! This is HUGE! Come see what The Swan has to offer.

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