1960's Dormered Cape Cod style home offers 4 bedrooms and living room with wood floors. This four-bedroom, two-bathroom 1482 SQ. FT. home offers substantial investment potential with 2 bedrooms and a full bath on each level. The enclosed rear porch serves as a quiet respite from the eat-in kitchen where you can savor your morning coffee while taking in views of your backyard. An added bonus the porch expands your living area and creates an entertainment area for guests. Private utilities. Full basement under main home with interior and exterior access. Footprint for a potential one car garage. Minutes to Skowhegan amenities and just 20 miles from Waterville, its hospital, Colby and Thomas Colleges and the I-95 Corridor. Recreational opportunities are in your proverbial backyard. The home's potential charm combined with its improvement potential creates multiple pathways to increase equity. Whether seeking a personal residence or a strategic investment, this home delivers compelling value.
Active
$100,000
394 Lakewood Road, Madison, ME 04950
4beds
1,482sqft
Est.:
Single Family Residence
Built in 1965
1.09 Acres Lot
$-- Zestimate®
$67/sqft
$-- HOA
What's special
Views of your backyardEat-in kitchenEnclosed rear porch
- 10 days |
- 3,266 |
- 182 |
Zillow last checked: 8 hours ago
Listing updated: December 19, 2025 at 07:18am
Listed by:
Rizzo Mattson 207-622-9000
Source: Maine Listings,MLS#: 1646945
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: Second
Bedroom 4
- Level: Second
Kitchen
- Features: Eat-in Kitchen
- Level: First
Living room
- Level: First
Sunroom
- Level: First
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Wood, Linoleum
- Basement: Interior Entry
- Number of fireplaces: 1
Interior area
- Total structure area: 1,482
- Total interior livable area: 1,482 sqft
- Finished area above ground: 1,482
- Finished area below ground: 0
Property
Features
- Levels: Multi/Split
- Patio & porch: Glassed-in Porch
Lot
- Size: 1.09 Acres
Details
- Parcel number: MADNM004L011
- Zoning: Residential Rural
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Roof: Shingle
Condition
- Year built: 1965
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer, Unknown
- Water: Private, Well
Community & HOA
Location
- Region: Madison
Financial & listing details
- Price per square foot: $67/sqft
- Tax assessed value: $179,000
- Annual tax amount: $3,534
- Date on market: 12/18/2025
- Ownership: Special Warranty
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Listed for sale | $100,000$67/sqft |
Source:  Maine Listings #1646945 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,882 +11.2% | $179,000 +15.3% |
| 2023 | $2,592 +10.5% | $155,200 +23% |
| 2022 | $2,346 +0.2% | $126,200 +4.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$520/mo
Principal & interest
$388
Property taxes
$97
Home insurance
$35
Climate risks
Neighborhood: 04950
Nearby schools
GreatSchools rating
- 4/10Madison Junior High SchoolGrades: 5-8Distance: 5.7 mi
- 3/10Madison Area Memorial High SchoolGrades: 9-12Distance: 4.4 mi
- 2/10Madison Elementary SchoolGrades: PK-4Distance: 6.2 mi
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