Located on a quiet dead-end street in Dexter, Maine, this classic 1900 New Englander presents an affordable opportunity for buyers looking for a home with character and renovation potential. The property features three bedrooms, two full bathrooms, approximately 968 square feet of living space, and a 6,969-square-foot level lot. Currently offered at $80,500, the home provides an accessible entry point for someone prepared to make improvements and create a comfortable residence of their own.
The home offers a practical multi-level layout with the primary bedroom conveniently located on the first floor. The main level also includes the kitchen, living room, mudroom, and laundry area, creating an arrangement that can work well for everyday living. Having laundry and a mudroom on the first floor adds useful convenience, particularly during Maine’s colder and wetter seasons.
Upstairs, two additional bedrooms provide separate private sleeping areas for family members, guests, or other uses. The home includes two full bathrooms, with the primary bedroom benefiting from an attached bathroom. The combination of three bedrooms and two bathrooms gives the property flexibility for a variety of household needs.
The interior includes a mix of carpet, laminate, and vinyl flooring. Additional features include an attic, bathtub, full unfinished basement, and interior basement access. The unfinished basement provides valuable storage potential and could offer additional utility for tools, seasonal belongings, equipment, or future projects.
The property is heated with a forced-air system using oil, while there is currently no central air conditioning. Public water and public sewer are already available, and the electrical system uses circuit breakers. These existing utilities provide a solid foundation for future updates and improvements.
Outside, the home sits on an approximately 0.16-acre level and open lot. Although the parcel is manageable in size, it provides usable outdoor space without the maintenance demands of a much larger property. Gravel parking accommodates approximately one to four vehicles, and an additional outbuilding provides useful storage space.
The home’s New Englander architectural style, wood-frame construction, vinyl siding, pitched shingle roof, and 1900 construction date give it traditional Maine character. For buyers who appreciate older homes, this property offers the chance to preserve some of that historic charm while making modern improvements throughout the residence.
One of the biggest advantages of this property is its location. The home is situated in town and near shopping, while also being close to nearby freshwater recreational opportunities. The paved road provides convenient access to surrounding areas, making this a practical location for someone who wants a quieter community setting without being completely removed from everyday amenities.
The property is being sold as is and is described as needing some TLC. It is also a bank foreclosure, meaning prospective buyers should carefully review the property’s condition and financing requirements before moving forward. The listing specifically states that it will not qualify for FHA, VA, USDA, or first-time-homebuyer financing, and owner financing is not available.
The home has also experienced several price reductions. It was initially offered at $99,500 before being reduced multiple times, with the current listing reported at $80,500. That reduction creates a potentially attractive opportunity for buyers who have the resources and experience to complete the necessary work.
For an investor, renovation buyer, or homeowner searching for an affordable Maine property, this Dexter residence offers an interesting combination of price, location, bedroom count, and potential. The existing floor plan already provides three bedrooms and two bathrooms, while the unfinished areas and overall condition leave room for improvements that could personalize and enhance the property.
With its quiet street setting, traditional New England architecture, first-floor laundry and mudroom, primary bedroom with private bath, two additional bedrooms, full basement, outbuilding, and convenient in-town location, this home offers plenty to work with.
For the right buyer, 111 Prospect Street could become a comfortable Maine residence while retaining the classic character that comes with a home dating back to 1900. Its affordable price and reduced asking amount make it an opportunity worth considering for anyone specifically seeking a renovation project with established utilities and a practical three-bedroom layout.
listed on zillow
