Charming Ranch on 1.5+ Acres - First Time on the Market!
Discover the perfect blend of comfort, character, and potential in this well-loved three-bedroom ranch, nestled on a beautiful 1.57-acre lot in Madison. On the market for the first time since it was built in 1964, this home has been thoughtfully maintained by its original owner and offers solid construction, spacious single-level living, and a warm, inviting feel throughout.
Enjoy morning coffee in the sunny three-season porch, host friends in the large backyard, or cozy up inside and make it your own with just a few modern touches. A detached two-car garage adds great storage and convenience, and you're only minutes from downtown Skowhegan, shopping, dining, and schools.
Whether you're a first-time buyer, downsizer, or investor looking for a solid home with room to grow, this property is full of possibilities!
Closed
$250,000
338 Lakewood Road, Madison, ME 04950
3beds
1,247sqft
Single Family Residence
Built in 1964
1.93 Acres Lot
$252,700 Zestimate®
$200/sqft
$1,678 Estimated rent
Home value
$252,700
Estimated sales range
Not available
$1,678/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 19, 2025 at 12:34pm
Listed by:
Keller Williams Realty
Bought with:
Keller Williams Realty
Source: Maine Listings,MLS#: 1634375
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Baseboard, Hot Water
Cooling
- None
Appliances
- Included: Dryer, Electric Range, Refrigerator, Washer
Features
- Shower
- Flooring: Wood, Linoleum
- Basement: Bulkhead,Interior Entry,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,247
- Total interior livable area: 1,247 sqft
- Finished area above ground: 1,247
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Gravel, 5 - 10 Spaces, Garage Door Opener, Detached
- Garage spaces: 2
Features
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 1.93 Acres
- Features: Near Shopping, Near Town, Open Lot
Details
- Parcel number: MADNM004L015
- Zoning: Residential
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1964
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Private, Well
Green energy
- Energy efficient items: Ceiling Fans
Community & neighborhood
Location
- Region: Madison
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $250,000$200/sqft |
Source:  Maine Listings #1634375 | ||
| 9/2/2025 | Pending sale | $250,000$200/sqft |
Source: Maine Listings #1634375 | ||
| 8/15/2025 | Listed for sale | $250,000$200/sqft |
Source: Maine Listings #1634375 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,713 +11.3% | $168,500 +15.5% |
| 2023 | $2,437 +9.4% | $145,900 +21.8% |
| 2022 | $2,227 +0.2% | $119,800 +4.7% |
Find assessor info on the county website
Neighborhood: 04950
Nearby schools
GreatSchools rating
- 4/10Madison Junior High SchoolGrades: 5-8Distance: 5.8 mi
- 3/10Madison Area Memorial High SchoolGrades: 9-12Distance: 4.4 mi
- 2/10Madison Elementary SchoolGrades: PK-4Distance: 6.3 mi
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