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17 Union Street
Hallowell, ME 04347
Kimberly Gleason with McAllister Real Estate, original listing - (207) 621-2345
$1,300,000
Conventional
Property
Bedroom
--
Bathroom
Full: 4, ½: 2
Property Type
Conventional
Square ft
5000 Square Feet
Property Description
Hallowell's former Church complex is now available for sale, offering a unique and versatile property in a prime in-town location. Comprising three distinct buildings - The Main Building, The Chapel, and the Parsonage - along with ample parking and meticulously maintained gardens, this property presents a rare opportunity for discerning buyers. Each building has undergone extensive upgrades and renovations in recent years, ensuring modern functionality while preserving the historical charm. The Main Building features a spacious 60x40 living room, which was once the sanctuary of the old church, adorned with original stained and rippled glass windows that flood the space with natural light. The second story living area offers a flexible layout, including a sleeping and living area, a generous dressing room, and an office with a view into the main hall, providing potential for various uses and configurations. The Chapel has been thoughtfully converted into a one-bedroom, one-level home, suitable for both long-term and short-term rentals, offering a unique and intimate living space. Meanwhile, the Parsonage presents a four-bedroom, one and a half bath rental unit, showcasing an updated kitchen with concrete countertops, original molding, and wide pine plank floors, blending modern amenities with classic character. With its ideal location just 2 blocks from downtown Hallowell, this property presents a myriad of possibilities for commercial or residential use, making it a compelling investment opportunity.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Other-Other
Year Built
1824
MLS Number
--
Location
Address
17 Union Street
City
Hallowell
State
ME
Zip Code
04347
County
KENNEBEC
Listing
Provider
McAllister Real Estate, original listing
Name
Phone
(207) 837-3180
Office Name
Office Phone
(207) 621-2345
Agent Name
Kimberly Gleason
Agency Phone
(207) 621-2345

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.