NOT LISTED FOR SALE

1150 Lakewood Rd Madison, ME 04950

Estimated Value: $239,000 - $265,000

3 Beds
1 Bath
1,092 Sq Ft
$231/Sq Ft Est. Value

Last Sold April 16, 2020

Last sale price $45,000 $41 Per Sq Ft

Est. 446% increase in value since last sale

Current estimated payment $1,570/month

63 Days on Market

Highlights

  • View of Trees or Woods
  • Ranch Style House
  • No HOA
  • 1 Acre Lot
  • Wood Flooring
  • 2 Car Detached Garage

About This Home

As of April 2020

Three bedroom Ranch style home with detached 2 car garage on a full foundation. Priced below assessed value. Rear porch overlooking large private back yard. This property may quality for seller financing (Vendee). This property was built prior to 1978, lead based paint potentially exists.

Last Agent to Sell the Property

Barry Porter

Coldwell Banker American Heritage Listed on: 04/01/2020

Coldwell Banker American Heritage

Last Buyer's Agent

Abby Willette

Allied Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • 1 Acre Lot
  • Rural Setting
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,092 Sq Ft Home
  • Views of Woods
  • Formica Countertops

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 41-002
  • Assessor Parcel Number MADN-000010-000000-000041-000002

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From I95 South to Exit 150 to US 2 W to US 201 N in Madison to Lakewood Road to #1150.
  • Above Grade Finished Sq Ft: 1092.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1972
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: Unknown
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.0
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1092.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • View:TreesWoods: Yes
  • Property Information:Bank Owned REO: Yes
  • Kitchen Countertop:Formica: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Gravel, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: MADN-000010-000000-000041-000002
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 1860.0
  • Tax Book Number: 4735
  • Tax Lot: 41-002
  • Tax Map Number: 10
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2020
Closed on
Apr 22, 2020
Sold by
Thompson Peter F
Bought by
Sweeney Michael S
Seller's Agent
Barry Porter
Coldwell Banker American Heritage
Buyer's Agent
Abby Willette
Allied Realty
List Price
$44,500
Sold Price
$45,000
Premium/Discount to List
$500
1.12%
Current Estimated Value
$245,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,720
Avg. Annual Appreciation
38.27%
Original Mortgage
$45,000
Outstanding Balance
$40,448
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$211,879

Purchase Details

Listed on
Apr 1, 2020
Closed on
Apr 9, 2020
Sold by
Usa Va
Bought by
Thompson Peter F
Seller's Agent
Barry Porter
Coldwell Banker American Heritage
Buyer's Agent
Abby Willette
Allied Realty
List Price
$44,500
Sold Price
$45,000
Premium/Discount to List
$500
1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Outstanding Balance
$40,448
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$211,879

Purchase Details

Closed on
Aug 22, 2019
Sold by
Quicken Loans Inc
Bought by
Usa Va

Purchase Details

Closed on
Jul 10, 2019
Sold by
Quicken Loans Inc
Bought by
Quicken Loans Inc

Purchase Details

Listed on
Aug 6, 2013
Closed on
Nov 25, 2013
Sold by
Pepin Christine M
Bought by
Foster George A
Seller's Agent
Erica Gower
Century 21 Nason Realty
Buyer's Agent
Dina Gushee
Patriot Realty, Inc.
List Price
$99,500
Sold Price
$89,000
Premium/Discount to List
-$10,500
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%
Original Mortgage
$90,816
Interest Rate
4.25%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sweeney Michael S -- None Available
Thompson Peter F $45,000 None Available
Usa Va -- --
Quicken Loans Inc -- --
Foster George A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sweeney Michael S $20,000
Open Sweeney Michael S $45,000
Closed Sweeney Michael S $45,000
Previous Owner Foster George A $93,901
Previous Owner Foster George A $90,816
Previous Owner Pepin Gary E $74,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2020 04/16/20 Sold $45,000 +1.1% $41 / Sq Ft
04/01/2020 04/01/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $44,500 -50.0% $41 / Sq Ft
11/22/2013 11/22/13 Sold $89,000 -10.6% $62 / Sq Ft
10/10/2013 10/10/13 Pending -- -- --
08/07/2013 08/07/13 For Sale $99,500 -- $70 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,702 $167,800 $48,300 $119,500
2023 $2,428 $145,400 $41,500 $103,900
2022 $2,270 $122,100 $33,200 $88,900
2021 $2,264 $116,600 $31,700 $84,900
2020 $738 $112,500 $31,700 $80,800
2019 $2,391 $112,500 $31,700 $80,800
2018 $2,419 $112,500 $31,700 $80,800
2017 $2,419 $112,500 $31,700 $80,800
2016 $2,411 $114,800 $34,000 $80,800
2015 $2,239 $114,800 $34,000 $80,800
2014 $2,239 $114,800 $34,000 $80,800
2013 $2,012 $114,800 $34,000 $80,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Barry Porter

    Coldwell Banker American Heritage

    (207) 944-0858

    68 Total Sales

    Section Image

  • A

    Buyer's Agent in 2020

    Abby Willette

    Allied Realty

  • E

    Seller's Agent in 2013

    Erica Gower

    Century 21 Nason Realty

  • D

    Buyer's Agent in 2013

    Dina Gushee

    Patriot Realty, Inc.

See All Agents

Map

Source: Maine Listings

MLS Number: 1443332

Maine Listings

APN: MADN-000010-000000-000041-000002

Maine Somerset County Madison 04950

1150 Lakewood Rd, Madison, ME

This home is located at 1150 Lakewood Rd, Madison, ME 04950 since 01 April 2020 and is currently estimated at $252,327, approximately $231 per square foot. This property was built in 1972. 1150 Lakewood Rd is a home located in Somerset County with nearby schools including Madison Area Memorial High School.

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