10 South Arm Road, Andover, ME 04226
Oxford County
Key Facts
Description
Once in a lifetime a commercial property becomes available that is steeped in American history while retaining its timeless elegance, offering a compelling business opportunity in a unique mountain and riverfront setting. This is that property. The Merrill House is a vast Gilded Age country estate with a storied past, on 126 acres in the beautiful mountains of Western Maine. In the early 1900s, Henry Varnum Poor (founder of Standard & Poor's, later the S&P 500) carried out the final expansion, with contributions from influential architects Stanford White and Frederick Law Olmstead. It has been home to 8 generations of the same family, the setting for a major motion picture, as well as a profitable retreat, event, and vacation rental venue. The property offers extensive manicured lawns, gardens, trails, and magnificent views. The main home boasts 16 bedrooms, 7 bathrooms, a stately dining room, and an impressive Great Hall for which photos do not do justice. There are also income-producing caretaker's cottage and barns, and generous garage and workshop space. Originally homesteaded in 1791, Merrill House is poised for its next owner to carry on its legacy, own a piece of American history, and operate a successful business in a setting like no other. Perhaps a retreat center, outdoor adventure base, or wedding venue. The property is partially heated, supporting three-season occupancy of up to 32 overnight guests, and four-season for up to 12 overnight with 6 bedrooms, 2 full and 2 half baths, study, & Great Hall, with 200-amp electrical service and updated plumbing. Merrill House is surrounded by four-season outdoor recreation. Bethel, ME is about 30 minutes away, as are Sunday River and Black Mountain ski areas. The Appalachian Trail is about 12 minutes away, and numerous walking, biking, ski, and motorsports trails right out the door. Rangeley, ME is about 1 hour away and Portland International Jetport and North Conway, NH are about 90 minutes away.
Property Information
Property Type
Commercial Sale
Living Area
9,600 sq ft
Lot Size
126.00 acres
Zoning
Mixed
Days on Market
134
MLS® Listing#
1632205
Property Features
Cooling
Heating
Flooring
Basement
Lot Features
Construction
Foundation
Roof
Other Structures
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
10SouthArmRoadAndover04226
Directions
From I-95, exit 63 to rt. 26 north, then route 232 to rt. 2. Left on rt. 2, then right on rt. 5. In center of Andover, right on Elm Street, then left into property via gravel driveway between the stone walls.
Affordability Calculator
$430,000
Estimated monthly payment
$11,443/mo
Principal $1,720,000 · Est. interest $2,399,553 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Andover, ME
- $275,000
- Median Listing Price
- 106
- Median Days on Market
- 1,082
- Median Sq Ft
- $240
- Median Price / Sq Ft
- 13
- Active Listings
- This home’s price is 682% above the area median.
- Its price per sq ft is 7% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Andover, ME.
Location
- 10 South Arm Road, Andover, ME 04226
Points of Interest in Andover, ME
Showing the Andover area map.
Nearby Schools
Andover Elementary School
Elementary · 1.3 mi away
Mountain Valley High School
Secondary · 10.3 mi away
Rumford Elementary School
Elementary · 11.1 mi away
The Eddy Middle School
Elementary · 11.2 mi away
Holy Savior School
School · 11.3 mi away
Meroby Elementary School
Elementary · 11.8 mi away
Mountain Valley Middle School
Secondary · 12.0 mi away
Pennacook Learning Center
School · 12.2 mi away
T W Kelly Dirigo Middle School
Secondary · 15.4 mi away
Dirigo High School
Secondary · 15.7 mi away
Robbins Nest Nursery School
School · 15.7 mi away
Telstar High School
Secondary · 15.8 mi away
Dixfield Elementary School
Elementary · 15.9 mi away
Dirigo Elementary School
Elementary · 16.2 mi away
School Academy
School · 16.8 mi away
Crescent Park School
Elementary · 16.9 mi away
Woodstock School
Elementary · 17.5 mi away
Errol Consolidated Elementary School
Elementary · 21.7 mi away
Forestdale Christian School
School · 21.7 mi away
School Administrative District No 58
School · 22.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 10 South Arm Road, Andover, ME | $1,995,000 | 20 | 7 | 9,000 |
| 10 South Arm Road, Andover, ME | $2,150,000 | 20 | 7 | 9,000 |
