NOT LISTED FOR SALE

55 Teal Rd Madison, ME 04950

Estimated Value: $351,000 - $488,000

3 Beds
2.5 Baths
1,601 Sq Ft
$261/Sq Ft Est. Value

Last Sold October 30, 2017

Last sale price $263,500 $165 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,486/month

154 Days on Market

Highlights

  • 66 Feet of Waterfront
  • Wood Flooring
  • No HOA
  • Docks
  • Main Floor Bedroom
  • Cottage

About This Home

As of October 2017

Have you been waiting for that perfect cottage on beautiful Lake Wesserunsett? Here is your chance! Beautiful 3 bedroom cottage with newer kitchen. Beautiful inside and out! Master bedroom with bath. Loads of room for your family or company. Beautifully landscaped yard. Views of the lake are stunning. This is like a summer home away from home and so worth a look.

Last Agent to Sell the Property

Van Ames

Whittemore's Real Estate Listed on: 04/26/2017

Last Buyer's Agent

Jane Sheppard

Waterfront Properties of Maine

Waterfront Properties of Maine

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,169

Year Built

  • Built in 1940

Lot Details

  • 7,405 Sq Ft Lot
  • 66 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Rural Setting
  • Seasonal Access to Property
  • Landscaped
  • Level Lot
  • Open Lot
  • Property is zoned Shoreland

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 1,601 Sq Ft Home
  • Wood Flooring
  • Stove

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom

Parking

  • Detached Garage
  • Gravel Driveway

Outdoor Features

  • Docks

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Wood
  • Heat Pump System
  • Seasonal Water
  • Gas Water Heater
  • Septic System
  • Private Sewer

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 55teallanemadisonmaine04976

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,169

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Road Surface Type: Gravel
  • Water Body Name: Wesserunsett
  • MLS Status: Closed
  • Directions: Following East Madison Road north.. From the White School House Road, Teal Road is about 1.8 miles. Turn left onto Teal Rd and drive down and around to the left. Last property on the right as the road goes.
  • Above Grade Finished Sq Ft: 1601.0
  • Architectural Style: Cottage
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 164.58
  • Property Information:Seasonal: Yes
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1601.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Stove: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water Heater:Gas: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Amenities:Storage: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Vehicle Storage:Detached: Yes
  • Exterior:Clapboard: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Sewer:Private Sewer: Yes
  • Heat Fuel:Wood2: Yes
  • Location:Rural: Yes
  • Roads:GravelDirt: Yes
  • Water Info:Waterfront Amount -: 66.0
  • Water Info:Water Frontage Owned -: 66.0
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Sewer:Septic Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • View:Scenic: Yes
  • Recreational Water:Dock: Yes
  • Water:Seasonal4: Yes
  • Cooling:AC Units: Yes
  • Roof:Fiberglass: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Advertising Remarks:Advertising Remarks: Call Van Ames at 207-474-3303. Whittemore's Real Estate. 108 Water Street, Skowhegan, ME 04976
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Bedroom, Pantry, Storage, Primary Bedroom w/Bath

Exterior Features

  • Lot Features: Level, Open Lot, Rolling Slope, Landscaped, Rural
  • View: Scenic
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Roof: Fiberglass, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, Detached

Utilities

  • Cooling: A/C Units, Multi Units
  • Cooling Y N: Yes
  • Heating: Stove, Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Seasonal

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 55teallanemadisonmaine04976
  • Zoning: Shoreland

Tax Info

  • Tax Annual Amount: 3169.0
  • Tax Lot: 6
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2013
Closed on
Jul 11, 2014
Sold by
Buccello David A and Buccello Patricia J
Bought by
Gibson Reid M
Seller's Agent
Alice Burrill
Surette Real Estate
Buyer's Agent
Van Ames
Whittemore's Real Estate
List Price
$284,900
Sold Price
$245,000
Premium/Discount to List
-$39,900
-14%
Current Estimated Value
$418,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,381
Avg. Annual Appreciation
4.73%
Original Mortgage
$226,950
Outstanding Balance
$178,145
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$240,236
Source: Public Records
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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
Gibson Reid M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson Reid M $226,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2017 10/30/17 Sold $263,500 -12.1% $165 / Sq Ft
09/28/2017 09/28/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $299,900 +22.4% $187 / Sq Ft
07/03/2014 07/03/14 Sold $245,000 -14.0% $153 / Sq Ft View Prior Sale
06/16/2014 06/16/14 Pending -- -- --
09/06/2013 09/06/13 For Sale $284,900 -- $178 / 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 $3,763 $233,700 $157,400 $76,300
2023 $3,393 $203,200 $136,900 $66,300
2022 $3,099 $166,700 $114,100 $52,600
2021 $3,070 $158,100 $107,900 $50,200
2020 $3,309 $155,700 $107,900 $47,800
2019 $3,309 $155,700 $107,900 $47,800
2018 $3,348 $155,700 $107,900 $47,800
2017 $3,244 $150,900 $107,900 $43,000
2016 $3,169 $150,900 $107,900 $43,000
2015 $2,943 $150,900 $107,900 $43,000
2014 $2,943 $150,900 $107,900 $43,000
2013 $2,645 $150,900 $107,900 $43,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1303262

Maine Listings

APN: MADN-000039-000000-000006