502 River Rd Cushing, ME 04563
Estimated payment $2,033/month
Highlights
- Ocean Front
- View of Trees or Woods
- Wooded Lot
- Nearby Water Access
- Deck
- New Englander Architecture
About This Home
This property features two very nice apartments, both offering a bright and airy feel throughout. The top unit boasts beautiful cathedral ceilings that add a sense of space and charm, while both apartments enjoy plenty of natural light. Conveniently located just a short drive to town, the property includes a one-car garage in the basement—perfect for either parking or additional storage. An extra outbuilding on the property also provides ample room for storing tools, bikes, or seasonal items. Whether you're looking to live in one and rent the other, or add to your investment portfolio, this setup checks all the boxes.
Listing Agent
Lone Pine Real Estate Company Brokerage Email: info@lonepinere.com Listed on: 07/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,103
Year Built
- Built in 1840
Lot Details
- 0.27 Acre Lot
- Ocean Front
- Rural Setting
- Interior Lot
- Level Lot
- Open Lot
- Wooded Lot
Parking
- 1 Car Garage
- Basement Garage
- Gravel Driveway
Home Design
- Duplex
- New Englander Architecture
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,924 Sq Ft Home
- 2-Story Property
- Views of Woods
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Full Bathrooms
- Shower Only
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Outdoor Features
- Nearby Water Access
- Deck
- Outbuilding
Utilities
- No Cooling
- Baseboard Heating
- Natural Gas Not Available
- Private Water Source
- Well
- Electric Water Heater
- Septic Tank
- Septic Design Available
- Private Sewer
Listing and Financial Details
- Tax Lot 003
- Assessor Parcel Number CUSH-000009-000000-000003
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $6,630
- Gross Income $40,470
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,103 | $195,650 | $23,380 | $172,270 |
| 2023 | $2,740 | $171,270 | $33,140 | $138,130 |
| 2022 | $2,655 | $171,270 | $33,140 | $138,130 |
| 2021 | $2,672 | $171,270 | $33,140 | $138,130 |
| 2020 | $1,484 | $94,540 | $33,140 | $61,400 |
| 2019 | $1,380 | $94,540 | $33,140 | $61,400 |
| 2018 | $1,295 | $94,540 | $33,140 | $61,400 |
| 2017 | $1,720 | $132,300 | $33,140 | $99,160 |
| 2016 | $1,720 | $132,300 | $33,140 | $99,160 |
| 2015 | $1,627 | $132,300 | $33,140 | $99,160 |
| 2014 | $1,495 | $132,300 | $33,140 | $99,160 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | For Sale | $350,000 | +438.5% | $182 / Sq Ft |
| 04/14/2020 04/14/20 | Sold | $65,000 | -49.6% | $34 / Sq Ft |
| 01/13/2020 01/13/20 | Pending | -- | -- | -- |
| 06/08/2018 06/08/18 | For Sale | $129,000 | -- | $67 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $227,200 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $148,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Maine Listings
MLS Number: 1630557
APN: CUSH-000009-000000-000003
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