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Brookings Farm

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Property Detail

Home Information
  • Price

    : $481,000 

  • Address

    : 766 Intervale Road, New Gloucester, ME 04260

  • City

    : New Gloucester

  • Zip Code

    : 04260

  • MLS No

    : 1361383

Custom Information
  • Status :

    For Sale

  • Acreage :

    232

  • Rd Frontage+/- :

    570

  • Zone :

    FF / LRS

  • Source of Rd Frt :

    Appraisal

  • WtrFrt :

    No

  • WtrFrt Owned+/- :

    None

  • Site :

    Agricultural; Rural

  • Directions :

    Take Exit 63 off I95 following Rte 115 East to Depot Road. Turn Left onto Intervale Road (Rte 231) to 766. Heading North, Property will be on the right.

Property Description

Intervale Road is a very scenic stretch of rural road in the town of New Gloucester. Brookings Farm’s fields lie along the road with easy access and views all the way up to the woods on the property.

This farm was operated as a family dairy, vegetable, egg farm since the 1940’s. In the past few years, after the dairy was no longer part of the operation, the family hayed the farm and kept some livestock, and then leased the fields for hay production and pasturing.

The farm’s best uses are for hay and livestock, with the added opportunity for woodlot management. A livestock operation can be diversified and could easily include chickens, turkeys, beef, goats, sheep and pigs. It is an excellent hay farm. The farm’s location in New Gloucester and near other coastal and urban markets allows for numerous opportunities for the new owner of this property.

The farm will be sold with easement in place, that allows development of farmstead area and ag structures area, but no division.

Though we have listed the property at $481,000, the actual net price to the qualified buyer for Brookings Farm will be $255,000. Due to constraints imposed by realty sales regulations, our “listing price” is set at the appraised value of the property. However, this price does not take into account the reduction in value due to the restrictions on use imposed by the Agricultural Conservation Easement that will be placed on the farm at closing. The appraised value of the farm when restricted by the conservation easement is $255,000. The Purchase is contingent on the successful application of the Request for Proposal.

$481,000 listing price, appraised value of unrestricted property

-$226,000 credit to buyer for appraised value of Agricultural Conservation Easement

$255,000 NET PRICE

Request for Proposal <– for printing

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  • Brookings Farm 1127

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