557 Preble Ave Madison, ME 04950
Estimated payment $1,096/month
Highlights
- View of Trees or Woods
- Cape Cod Architecture
- No HOA
- 2 Acre Lot
- Deck
- 2 Car Attached Garage
About This Home
This classic single-family residence offers 4 bedrooms and 2 full bathrooms, providing ample space and flexible living options. With 2,352 square feet of interior living space, this home presents a solid foundation for customization and value enhancement. Situated on a spacious 2-acre lot, the property offers privacy while remaining conveniently close to town, making it an ideal location for both owner-occupants and investors. A newer metal roof adds durability and long-term value, while multiple heat sources provide efficiency and comfort options throughout the seasons. The home includes a 2-bay garage, perfect for vehicles, storage, or workshop use. While the property needs TLC, it offers tremendous potential for renovation, rental income, or resale. The generous lot size allows room for outdoor living, expansion, or landscaping improvements. With its desirable layout, strong structural features, and excellent location, this property is a great investment opportunity for buyers looking to add value and make it their own.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,672
Year Built
- Built in 1960
Parking
- 2 Car Attached Garage
Home Design
- Cape Cod Architecture
- Pitched Roof
- Metal Roof
Interior Spaces
- 2,352 Sq Ft Home
- Vinyl Flooring
- Views of Woods
- Interior Basement Entry
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary bedroom located on second floor
- 2 Full Bathrooms
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
- Private Water Source
- Private Sewer
Additional Features
- Deck
- 2 Acre Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 31-A
- Assessor Parcel Number MADN-000002-000000-000031-000003
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 |
|---|---|---|---|---|
| 2025 | $4,030 | $281,800 | $57,600 | $224,200 |
| 2024 | $3,272 | $203,200 | $51,500 | $151,700 |
| 2023 | $2,943 | $176,200 | $44,300 | $131,900 |
| 2022 | $2,638 | $141,900 | $35,500 | $106,400 |
| 2021 | $2,631 | $135,500 | $34,000 | $101,500 |
| 2020 | $2,777 | $130,700 | $34,000 | $96,700 |
| 2019 | $2,777 | $130,700 | $34,000 | $96,700 |
| 2018 | $2,810 | $130,700 | $34,000 | $96,700 |
| 2017 | $2,810 | $130,700 | $34,000 | $96,700 |
| 2016 | $2,797 | $133,200 | $36,500 | $96,700 |
| 2015 | $2,597 | $133,200 | $36,500 | $96,700 |
| 2014 | $2,597 | $133,200 | $36,500 | $96,700 |
| 2013 | $2,335 | $133,200 | $36,500 | $96,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/23/2026 03/23/26 | Pending | -- | -- | -- | |
| 03/05/2026 03/05/26 | Price Changed | $150,000 | -6.3% | $64 / Sq Ft | |
| 01/16/2026 01/16/26 | For Sale | $160,000 | +100.0% | $68 / Sq Ft | |
| 09/29/2017 09/29/17 | Sold | $80,000 | -23.7% | $34 / Sq Ft | View Prior Sale |
| 09/09/2017 09/09/17 | Pending | -- | -- | -- | |
| 06/30/2017 06/30/17 | For Sale | $104,900 | -- | $45 / Sq Ft |
Source: Maine Listings
MLS Number: 1649513
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.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
Ask me questions while you tour the home.