Beautiful home in Maine beach town known for $7 million price tags sells way below market value for unexpected reason

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Beautiful home in Maine beach town known for $7 million price tags sells way below market value for unexpected reason

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Thanks to an affordable housing lottery, a single mom just bought the house of her dreams for a fraction of what a typical home goes for in ritzy Kennebunkport, Maine. Local nonprofit group Kennebunkport Heritage Housing Trust organized a contest seeking to sell a home for just over $326,000 when properties in the affluent coastal town go for $1.1 million on average, according to Zillow. That represents a 71 percent discount, yet only 45 Mainers expressed interest in the three-bedroom, two-and-a-half bath home, the Bangor Daily News reported.
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