PRICED BELOW APPRAISAL VALUE. Immediate equity in this home. Recent appraisal report will be provided upon request. This is a rare opportunity for someone to own a house in the sought-after Stroudwater area that actually has investment potential. Great location. Largest lot at this price point. Set in the highly desirable neighborhood of Stroudwater, this thoughtfully renovated, move-in ready, single family home has a breathtaking backyard with a large bellowing willow tree and trails on the abutting non-buildable land behind the house. The new zoning for this bungalow offers investors an income stream opportunity. 1549 Westbrook Street zoning allows someone the option of building an additional structure on the back of the lot, up to 4 units total on the lot. Can easily be transformed into a 2-unit. High end finishes include granite countertops, all new stainless steel kitchen appliances, LVP flooring and a new half bath. Architectural shingles on the main roof with life expectancy of up to 35 yrs. Nest 2-zone thermostat. This bungalow is bubbling over with character with built-ins on both levels, and charming hardwood and wide wood flooring. Bright and clean, the layout is unique. The actual living space is twice the above grade square footage with the kitchen, dining room, half bath/laundry room and 1 bedroom on the lower level (in the finished daylight basement), and 2 additional bedrooms, a living room, a den and a full bathroom on the upper level (on the 1st floor). With the Stroudwater Trail and River nearby you can hike, bike, or set off on a canoe or kayak adventure, all while living right in Portland! Perfect for someone looking for a smaller footprint to maintain, without sacrificing a beautiful yard and recreational trails. A great condo alternative. Plus, plenty of great restaurants and the highway nearby for commuting. Seller will provide a 1-yr home warranty at closing.