$318,000
SOLD MAY 20, 2025

530 Preble Ave Madison, ME 04950

3 Beds
1 Bath
2,744 Sq Ft
2 Acres

Recently Sold

$116 Per Sq Ft

1% Above List Price

76 Days on Market

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • Wood Flooring
  • 2 Acre Lot
  • Ranch Style House
  • No HOA

About This Home

As of May 2025

Charming cottage nestled on two beautiful acres with stream and sugar shack in quiet Madison! Improved land is perfect for mini-farm and offers a four-season babbling brook, private walking trails with bridges, paved driveway, oversized detached garage, and fire pit for the perfect peaceful retreat. Freshly renovated 3/1 home features spacious formal dining and living rooms, remodeled kitchen with 2024 appliances, vaulted pine ceilings, and finished basement with game room! This cozy home has been meticulously maintained with modern mechanicals and even has chimney for wood stove if desired. PLUS, make your own maple syrup from your own trees! Fully functional sugar house with wood stove and all equipment included to start tapping this year! Property is on a residential road and only 2.5 miles to downtown Madison for shopping needs!

Last Agent to Sell the Property

Ralph Harvey

List With Freedom.com Brokerage Email: Support@listwithfreedom.com Listed on: 03/25/2025

List With Freedom.com

Last Buyer's Agent

Grace O'Brien

Gardner Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,537

Year Built

  • Built in 1972

Lot Details

  • 2 Acre Lot
  • Rural Setting
  • Level Lot
  • Wooded Lot
  • Property is zoned RES RU

Parking

  • 2 Car Garage

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Metal Roof
  • Metal Siding

Interior Spaces

  • Living Room
  • Dining Room
  • Views of Woods
  • Finished Basement
  • Interior Basement Entry

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heating System Uses Oil
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number MADN-000002-000000-000032

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,537

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Skowhegan, take 201 NORTH to White School House Road - Turn LEFT. Turn LEFT on Ward Hill Road. Turn RIGHT on Preble Avenue. Home approximately 1 mile on RIGHT.
  • Above Grade Finished Sq Ft: 1372.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Year Built: 1972
  • Attribution Contact: Support@listwithfreedom.com
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.0
  • Property Information:Total Baths: 1.0
  • Property Information:SqFt Finished Above Grade: 1372.0
  • Property Information:SqFt Finished Below Grade: 1372.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Electric Range: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:Washer: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Water Heater:Electric2: Yes
  • Roof:Metal: Yes
  • Cooling:Central Air: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Heat System:Radiant: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Exterior:Metal Clad: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
  • Has Basement: Interior, Finished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1372.0
  • Fireplace: No
  • Flooring: Wood, Tile, Laminate
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Level, Wooded, Near Town, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Other, Metal Clad, Wood Frame
  • Foundation Details: Other
  • Patio And Porch Features: Patio
  • Roof: Metal
  • Patio And Porch Features:Patio: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Radiant, 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: 87120.0
  • Parcel #: MADN-000002-000000-000032
  • Zoning: RES RU

Tax Info

  • Tax Annual Amount: 2537.36
  • Tax Book Number: 6050
  • Tax Lot: 32
  • Tax Map Number: 2
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2025
Closed on
May 20, 2025
Sold by
Motherway Mollie and Motherway Charles P
Bought by
Doty Allison M and Mcalevey Christopher
Seller's Agent
Ralph Harvey
List With Freedom.com
Buyer's Agent
Grace O'Brien
Gardner Real Estate Group
List Price
$314,900
Sold Price
$318,000
Premium/Discount to List
$3,100
0.98%
Views
4
Current Estimated Value
$329,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,470
Avg. Annual Appreciation
12.54%
Original Mortgage
$312,240
Outstanding Balance
$311,687
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$17,783

Purchase Details

Closed on
Mar 23, 2023
Sold by
Watt Elwyn R and Watt Judith E
Bought by
Watt Elwyn R
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $318,000 None Available
Warranty Deed $318,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $312,240 FHA
Closed $312,240 FHA
Previous Owner $179,900 Stand Alone Refi Refinance Of Original Loan
Previous Owner $50,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Sold $318,000 +6.0% $116 / Sq Ft
04/19/2025 04/19/25 Pending -- -- --
04/18/2025 04/18/25 Price Changed $299,900 -4.8% $109 / Sq Ft
03/25/2025 03/25/25 For Sale $314,900 0.0% $115 / Sq Ft
02/13/2025 02/13/25 Pending -- -- --
02/10/2025 02/10/25 Price Changed $314,900 -4.5% $115 / Sq Ft
02/02/2025 02/02/25 For Sale $329,900 +28.4% $120 / Sq Ft
09/01/2023 09/01/23 Sold $257,000 -1.2% $187 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $260,000 -- $190 / 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 $2,537 $157,600 $51,500 $106,100
2023 $2,281 $136,600 $44,300 $92,300
2022 $2,116 $113,800 $35,500 $78,300
2021 $2,111 $108,700 $34,000 $74,700
2020 $2,307 $105,200 $34,000 $71,200
2019 $2,236 $105,200 $34,000 $71,200
2018 $2,262 $105,200 $34,000 $71,200
2017 $2,262 $105,200 $34,000 $71,200
2016 $2,262 $107,700 $36,500 $71,200
2015 $2,100 $107,700 $36,500 $71,200
2014 $2,100 $107,700 $36,500 $71,200
2013 $1,888 $107,700 $36,500 $71,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1613663

Maine Listings

APN: MADN-000002-000000-000032