NOT LISTED FOR SALE

1504 Lakewood Rd Madison, ME 04950

Estimated Value: $577,965 - $582,000

3 Beds
2 Baths
2,190 Sq Ft
$265/Sq Ft Est. Value

Last Sold February 16, 2023

Last sale price $475,000 $217 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,519/month

77 Days on Market

Highlights

  • View of Trees or Woods
  • Farm
  • No HOA
  • 130 Acre Lot
  • Ranch Style House
  • 3 Car Direct Access Garage

About This Home

As of February 2023

Here is a great opportunity to own 130 acres which are made up of 48+/- acres of fields and the remaining 82 +/- acres of valuable woodland. The 3 bedroom 2 bathroom ranch farmhouse offers one floor living, a 3 car attached garage, huge barns with plenty of stalls for cattle and large amounts of space to store equipment and hay. There is plenty of room in the basement for whatever your needs may be and an additional storage building. This property is in a nice location and offers mature fruit trees, berries, small farm pond and spectacular views from portions of the property.

Last Agent to Sell the Property

Jim LeClair

Whittemore's Real Estate Listed on: 07/12/2022

Co-Listed By

Van Ames

Whittemore's Real Estate

Last Buyer's Agent

Amanda Taylor

Coldwell Banker Plourde Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,915

Year Built

  • Built in 1954

Lot Details

  • 130 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot
  • Property is zoned Res Rural

Parking

  • 3 Car Direct Access Garage
  • Gravel Driveway

Home Design

  • Ranch Style House
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Foundation
  • Block Foundation
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,190 Sq Ft Home
  • Living Room
  • Dining Room
  • Views of Woods
  • Laundry on main level

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Outdoor Features

  • Shed
  • Outbuilding
  • Porch

Location

  • Property is near a golf course

Farming

  • Farm
  • Crops
  • Pasture

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number MADN-000013-000000-000034

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,915

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 130.0
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1110
  • Co List Office Phone: 207-474-3303
  • MLS Status: Closed
  • Directions: This farm is located on Route 201 (Lakewood Road) approximately 4.8 miles north of Route 148 and White School House Road intersection.
  • Above Grade Finished Sq Ft: 2190.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1954
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 130.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2190.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 3.0
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • View:TreesWoods: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • View:Fields: Yes
  • Site:Farm: Yes
  • Site:PastureField: Yes
  • Exterior:Brick: Yes
  • Site:Harvestable Crops: Yes
  • Electric:Fuses: Yes
  • Roof:Flat: Yes
  • Construction:Masonry: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: First

Exterior Features

  • Lot Features: Harvestable Crops, Farm, Level, Open Lot, Pasture, Near Golf Course, Rural
  • View: Fields, Trees/Woods
  • Waterfront: No
  • Construction Type: Brick, Other, Masonry
  • Foundation Details: Block, Concrete Perimeter
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Porch
  • Roof: Flat, Other
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: 11 - 20 Spaces, Gravel, On Site, Inside Entrance

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Fuses, Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662800.0
  • Parcel #: MADN-000013-000000-000034
  • Zoning: Res Rural

Tax Info

  • Tax Annual Amount: 3915.0
  • Tax Book Number: 454
  • Tax Lot: 34
  • Tax Map Number: 13
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2022
Closed on
Feb 16, 2023
Sold by
Richton Farms
Bought by
Cave John M
Seller's Agent
Jim LeClair
Whittemore's Real Estate
Buyer's Agent
Amanda Taylor
Coldwell Banker Plourde Real Estate
List Price
$500,000
Sold Price
$475,000
Premium/Discount to List
-$25,000
-5%
Views
12
Current Estimated Value
$573,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,543
Avg. Annual Appreciation
8.35%
Original Mortgage
$380,000
Outstanding Balance
$370,539
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$209,444
Source: Public Records

Range of Values:

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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
Cave John M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cave John M $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $475,000 -5.0% $217 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $500,000 -- $228 / 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 $4,547 $282,400 $87,500 $194,900
2023 $4,120 $246,700 $77,100 $169,600
2022 $3,924 $211,100 $63,200 $147,900
2021 $3,915 $201,600 $60,400 $141,200
2020 $2,022 $196,600 $62,100 $134,500
2019 $234 $196,800 $62,300 $134,500
2018 $151 $197,800 $63,300 $134,500
2017 $4,259 $198,100 $63,600 $134,500
2016 $4,150 $197,600 $63,100 $134,500
2015 $3,853 $197,600 $63,100 $134,500
2014 $3,853 $197,600 $63,100 $134,500
2013 $3,439 $196,200 $61,700 $134,500
Source: Public Records

Agents Affiliated with this Home

  • Jim LeClair

    Seller's Agent in 2023

    Jim LeClair

    Whittemore's Real Estate

    (207) 474-3303

    12 in this area

    131 Total Sales

    Section Image
  • Van Ames

    Seller Co-Listing Agent in 2023

    Van Ames

    Whittemore's Real Estate

    (207) 474-9097

    27 in this area

    172 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Amanda Taylor

    Coldwell Banker Plourde Real Estate

See All Agents

Map

Source: Maine Listings

MLS Number: 1536088

Maine Listings

APN: MADN-000013-000000-000034

Maine Somerset County Madison 04950

1504 Lakewood Rd, Madison, ME

This home is located at 1504 Lakewood Rd, Madison, ME 04950 since 12 July 2022 and is currently estimated at $579,983, approximately $264 per square foot. This property was built in 1954. 1504 Lakewood Rd is a home located in Somerset County with nearby schools including Madison Area Memorial High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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