549 Main St Monmouth, ME 04259
Estimated payment $3,570/month
Highlights
- Lake Front
- Wood Flooring
- Attic
- Deck
- Farmhouse Style Home
- No HOA
About This Home
Nestled on 7.8 acres of scenic land, this unique two-unit property offers both income potential and plenty of space for your personal enjoyment. Located in the heart of Monmouth, ME, it includes a successful Airbnb-ready 4-bedroom, 3-bathroom home, a cozy 2-bedroom, 1.5-bathroom unit, an old cider barn full of character, and private access to the tranquil Cochnewagon Lake just across the railroad tracks. The spacious 4-bedroom, 3-bathroom unit has been a consistently successful Airbnb, making it an ideal investment opportunity or a perfect space for large families. With its bright, open layout, the home features modern amenities while retaining classic New England charm. Expansive living areas, a fully equipped kitchen, and cozy bedrooms provide guests with a comfortable, memorable stay. The property's sprawling yard and serene surroundings further elevate the guest experience, offering them a true escape.The second unit is a 2-bedroom, 1.5-bathroom home that was rented to a family friend under market value, offering potential for a new tenant at full market rate or a private in-law suite. This unit is perfect for multigenerational living or additional rental income. With a spacious kitchen, cozy living spaces, and a private entry, this unit provides both comfort and privacy. A unique feature of this property is the charming old cider barn, full of rustic character and ready for transformation. Whether you're looking for additional storage, a workshop, or a space to create your own studio, this historic structure adds character and versatility to the property.Enjoy the serenity and beauty of Cochnewagon Lake just a short walk away across the railroad tracks. Whether you're into boating, fishing, or simply enjoying nature, this access provides a special touch to this already incredible property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,587
Year Built
- Built in 1905
Lot Details
- 7.9 Acre Lot
- Lake Front
- Rural Setting
- Level Lot
Parking
- 4 Car Direct Access Garage
- Driveway
- Off-Street Parking
Home Design
- Farmhouse Style Home
- Brick Foundation
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Metal Roof
- Clap Board Siding
- Aluminum Siding
- Shingle Siding
- Concrete Perimeter Foundation
- Clapboard
Interior Spaces
- 4,340 Sq Ft Home
- Water Views
- Laundry on main level
- Attic
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- Walk-In Closet
- In-Law or Guest Suite
- Bathtub
- Shower Only
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Deck
- Shed
- Outbuilding
- Porch
Farming
- Pasture
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Electric Water Heater
- Internet Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 28
- Assessor Parcel Number MONM-000016-000000-000028
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $32,143
- Gross Income $61,483
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $4,587 | $253,400 | $77,500 | $175,900 |
| 2022 | $4,298 | $220,400 | $67,400 | $153,000 |
| 2021 | $4,144 | $220,400 | $67,400 | $153,000 |
| 2020 | $4,000 | $220,400 | $67,400 | $153,000 |
| 2018 | $3,868 | $220,400 | $67,400 | $153,000 |
| 2017 | $5,962 | $339,700 | $93,200 | $246,500 |
| 2016 | $6,036 | $364,700 | $90,000 | $274,700 |
| 2015 | $5,689 | $364,700 | $90,000 | $274,700 |
| 2013 | $5,306 | $364,700 | $90,000 | $274,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Pending | -- | -- | -- |
| 02/13/2025 02/13/25 | Price Changed | $575,000 | -3.4% | $132 / Sq Ft |
| 01/06/2025 01/06/25 | For Sale | $595,000 | +135.2% | $137 / Sq Ft |
| 12/05/2019 12/05/19 | Sold | $253,000 | +1.2% | $58 / Sq Ft |
| 10/03/2019 10/03/19 | Pending | -- | -- | -- |
| 09/23/2019 09/23/19 | For Sale | $250,000 | -- | $58 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,000 | Stand Alone Refi Refinance Of Original Loan | |
| Open | $240,350 | New Conventional | |
| Previous Owner | $150,000 | New Conventional |
Source: Maine Listings
MLS Number: 1612072
APN: MONM-000016-000000-000028
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