NOT LISTED FOR SALE

505 Main St Madison, ME 04950

Estimated Value: $195,000 - $243,000

2 Beds
2 Baths
972 Sq Ft
$225/Sq Ft Est. Value

Last Sold October 18, 2024

Last sale price $200,000 $206 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,305/month

33 Days on Market

Highlights

  • View of Trees or Woods
  • Ranch Style House
  • Attic
  • 1.1 Acre Lot
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of October 2024

Sweet, affordable and well-built 1960 ranch with attached two-car garage is conveniently located near Madison Area Memorial High School and downtown Madison. A breezeway between the garage and the house functions as a space to remove your shoes or sit and relax with your morning coffee or greet your guests. Efficient original kitchen with birch cabinets, peninsula, and picture window over kitchen sink includes a small dining area. The living room features a picture window, and the original hardwood floors appear to be under the carpeting as is visible near the home's art deco front door. Two bedrooms are located at either end of the back of the home. One with wood floors exposed, and it is presumed that there are wood floors under the carpeting of the second bedroom. The first-floor bathroom with tub/shower offers original built-in linen closet and clothes hamper. Storage options are numerous in this home, with linen and coat closets in the back hall, built-in dresser in the second bedroom, and just off the kitchen is the convenient walk-up attic. The basement feels like finished space, as it is dry enough to have carpets on the painted concrete floors, and features a second full bath. A large shed/garage is located in the back yard, but be sure to look at the tax map, as the land continues back into the woods. Call today to view this charming affordable home.

Last Agent to Sell the Property

Venise Bard

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 08/16/2024

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Jay Mishou

Realty of Maine

Realty of Maine

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,713

Year Built

  • Built in 1960

Lot Details

  • 1.1 Acre Lot
  • Rural Setting
  • Interior Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Direct Access Garage
  • Driveway

Home Design

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

Interior Spaces

  • 972 Sq Ft Home
  • Built-In Features
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Views of Woods
  • Attic

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Finished Basement

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

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number MADN-000026-000000-000016

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,713

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.1
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 972.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1960
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 210.91
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.1
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 972.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:One-Floor Living: 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
  • Heat System:Multi-Zones: Yes
  • Sunroom:Sunroom: Yes
  • Parking:Paved3: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Location:Rural: Yes
  • View:TreesWoods: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Room Features:Built-Ins30: Yes
  • Exterior:Aluminum Siding: Yes
  • Cooling:AC Units: Yes
  • Bedroom Amenities 3:Built-Ins3: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Sweet, affordable and well-built 1960 ranch with attached two-car garage is conveniently located near Madison Area Memorial High School and downtown Madison. A breezeway between the garage and the house functions as a space to remove your shoes or sit and relax to greet your guests. Efficient original kitchen with birch cabinets, peninsula and picture window over kitchen sink includes a small dining area. The living room features a picture window, and the original hardwood floors appear to be under the carpeting as is visible near the home's front door. Two bedrooms, one with hardwood floors exposed, and the first-floor bathroom with tub/shower are located at the back of the home. Storage options are numerous in linen and coat closets, built-ins, and in the convenient walk-up attic. The dry basement feels like finished space, with a second full bath and painted floors and walls. A large shed is located in the back yard. Call today to view this charming home.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Has Basement: Finished, Full, Interior Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, Attic, One-Floor Living
  • Full Basement: Yes
  • 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
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Interior Lot, Near Town, Neighborhood, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Aluminum Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Inside Entrance

Utilities

  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 47916.0
  • Parcel #: MADN-000026-000000-000016
  • Zoning: RES

Tax Info

  • Tax Annual Amount: 1713.0
  • Tax Lot: 16
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Oct 18, 2024
Sold by
Ouellette Alice E Est and Beckwith
Bought by
Blair Dorris and Blair Loren
Seller's Agent
Venise Bard
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Jay Mishou
Realty of Maine
List Price
$214,900
Sold Price
$200,000
Premium/Discount to List
-$14,900
-6.93%
Views
53
Current Estimated Value
$218,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,834
Avg. Annual Appreciation
7.53%

Purchase Details

Closed on
Dec 13, 2006
Sold by
Comeau Alyre Est
Bought by
Ouellette Alice E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Blair Dorris -- None Available
Blair Dorris -- None Available
Ouellette Alice E -- --
Ouellette Alice E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2024 10/18/24 Sold $200,000 -2.4% $206 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/16/2024 09/16/24 Price Changed $205,000 -4.6% $211 / Sq Ft
08/16/2024 08/16/24 For Sale $214,900 -- $221 / 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 $1,916 $119,000 $42,000 $77,000
2023 $1,713 $102,600 $35,600 $67,000
2022 $1,562 $84,000 $28,800 $55,200
2021 $1,556 $80,100 $27,400 $52,700
2020 $466 $77,600 $27,400 $50,200
2019 $475 $76,800 $27,100 $49,700
2018 $1,651 $76,800 $27,100 $49,700
2017 $1,651 $76,800 $27,100 $49,700
2016 $1,613 $76,800 $27,100 $49,700
2015 $1,498 $76,800 $27,100 $49,700
2014 $1,498 $76,800 $27,100 $49,700
2013 -- $76,800 $27,100 $49,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1600578

Maine Listings

APN: MADN-000026-000000-000016