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Readfield

Readfield

$443,782 Average Value
$248 Average Price per Sq Ft
9 Homes For Sale

Readfield blends country living with lake access and history

Originally part of an area called Pondtown, Readfield is a central Maine community known for its waterfront lifestyle and quiet rural appeal. The town was founded in the 1700s, and some of that history can be seen today in centuries-old homes and meeting houses that are still in use. As part of the Winthrop Lakes Region, water recreation is a big part of life, and there are public access areas throughout the community. The highly rated Kents Hill School, a private boarding school that also enrolls day students, is another draw for the area. Debra Cooke, an associate broker with Lakehome Group Real Estate, grew up nearby and moved back to raise her kids. “I wanted them to benefit like I did growing up with all the outdoor activities,” she says. “Sometimes, people wait until they're retiring to move back. There are even people who've never lived here full-time but have come to the same house on the lake for generations. That’s very common here.”

Year-round outdoor recreation on lakes and trails

Readfield’s lakes and ponds are the centers of outdoor recreation during the summer. Maranacook Lake is known for its bass fishing and clean water. Residents can access it at Readfield Beach, a nearly 9-acre park with a volleyball court and a playground. Maranacook Lake and Torsey Pond both have public boat ramps. There are also many hiking trails throughout the area, including at Torsey Pond Nature Preserve and the Readfield Fairgrounds. Autumn is a popular time for apple picking at Kents Hill Orchard. “Going to apple pick and starting to see the leaves change — that’s what Readfield means to me,” Cooke says. In winter, the frozen lakes are popular for ice fishing, and the Readville Blizzard Busters Snowmobile Club maintains 35 miles of snowmobile trails through the area.

Lakefront cabins, secluded farmhouses and spacious properties

Narrow country roads lace through Readfield, where the homes sit far apart on over an acre. Farmhouses and colonial homes from the 1800s and early 1900s are common here, and there are also New Traditional homes built in the 2000s. Many residents use their spacious yards to keep chickens, plant gardens or have extra storage buildings. Lakefront cabins can be found on the shore of Maranacook Lake and others in the community; these typically come with less acreage but have private docks and water views. Prices typically range from around $240,000 to $530,000, while homes built since 2000 generally cost between $580,000 and $850,000. Manufactured homes can cost between $120,000 and $280,000. Some properties here, especially those on the water, can be at high risk of flooding, and homeowners might have to buy flood insurance.

B-rated public schools and a renowned private high school

Kids attend schools in Regional School Unit 38, which earns an overall rating of B from Niche. They can start at the B-minus-rated Readfield Elementary and then go to the B-rated Maranacook Community Middle. At the B-minus-rated Maranacook Community High, students can take German language classes and participate in the German American Partnership Program, which hosts trips between the two countries. Kents Hill School is a private high school nearby; it earns an A-plus and is ranked by Niche as the best private high school in Maine. “People come from all over the country to go to school there,” Cooke says.

Longstanding restaurants nearby, with more options in Winthrop

Weathervane Restaurant and Lounge is one of the few eateries in Readfield. This locally owned favorite serves comfort food and seasonally inspired dishes, and many come here for the view of Maranacook Lake. The Apple Shed Bakery has served cinnamon roll-ups and other baked goods since 1979; they also offer take-home dinner entrees and homemade soups. For groceries, Readfield Family Market is a classic country store selling groceries, pizza and sandwiches, and Christianson Farm Stand has locally sourced produce and meat. Hannaford is nearby in Winthrop, which has more restaurants, a hardware store and thrift stores.

Community events include a heritage festival and concert series

Readfield Heritage Days is the community’s biggest event. Held each August, the weekend-long festival features activities like a library book sale, a kickball tournament and fireworks at Readfield Beach. The Readfield Union Meeting House was built in 1827 and is Maine’s second-oldest brick church. Today, the space hosts community events throughout the year, including the annual Strawberry Festival in June and the Tuesday Tunes concert series in May.

A car-reliant community near Augusta and Winthrop

State Route 17 leads about 13 miles to Augusta, a drive that takes roughly 20 minutes. Winthrop is a 6-mile drive down state Route 41. There’s a sidewalk connecting Readfield’s town center and Readfield Beach. Readfield United Methodist Church is on Route 41, and the church holds occasional services at the Jesse Lee Meeting House, the oldest operating Methodist church in New England. MaineGeneral Medical Center is 15 miles away, and Portland International Jetport is a 63-mile trip.

Annie Franklin
Written By
Annie Franklin

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Readfield Housing Trends

Housing Trends

Median List Price
$399,900
Median Sale Price
$377,500
Median Single Family Sale Price
$389,950
Median Change From 1st List Price
0%
Last 12 months Home Sales
28
Median Home Sale Price YoY Change
-9%
Average Price Per Sq Ft
$248

Area Facts

Number of Homes in Neighborhood
637
Number of Homes for Sale
9
Median Year Built
1979
Months of Supply
3.90
Average Single Family Home Size Sq Ft
1,862
On par with the national average
1,925
Median Lot Size Sq Ft
46,173

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Readfield Has More Owners

Demographics

Total Population
2,552
Median Age
47
Population Density
14 ppl/acre
Population under 18
20.9%
On par with the national average
23.8%
Population over 65
24.5%
Above the national average
19.1%

Finances

Median Household Income
$86,864
Above the national average
$71,702
Average Household Income
$103,522

Education and Workforce

High School Graduates
90.7%
College Graduates
47.8%
Above the national average
34.1%
Advanced Degrees
13.8%
% Population in Labor Force
67.9%
On par with the national average
65.1%

Weather

Annual Precipitation
41''
Average Winter Low Temperature
12°F
Average Summer High Temperature
79°F
Annual Snowfall
59''

Area Factors

Somewhat Bikeable

Bike Score®®

17 / 100

Car-Dependent

Walk Score®®

0 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Readfield