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16
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7
Votes
Nick Maynard
  • Property Manager
  • Saco, ME
7
Votes |
16
Posts

Maine LD 2003 Program - Can you sell the second home built through this program?

Nick Maynard
  • Property Manager
  • Saco, ME
Posted

I'm considering buying a property in Southern Maine that is about 5,000 sq ft too small to legally subdivide per the town's zoning rules. I was told about the LD 2003 program which allows property owners to build a second home on the property and it will not be considered an ADU. One of my biggest questions is could I sell that second house on its own once it's built? Would it just be like a condo at that point? Or do you need to sell the entire property together with both houses? I read a bunch of the guidance online but I can't tell exactly how the property is classified once this has been done. Ideally I'd like to buy the property, build another house in the large back yard which has access to a neighboring street for a driveway (also not sure if that would be allowed), and then sell that house completely separately. Wondering if anybody has done something similar through this legislation before.

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