Looking for a fixer-upper with potential, or an opportunity for future development? 392 Elm Street in Mechanic Falls offers a range of possibilities, from renovating and making it your own to exploring subdivision potential on the expansive 5.9-acre lot (buyer to verify with the town). This 3-bedroom, 1-bath home features a functional layout with a full daylight walk-out basement offering additional storage or workshop space. Set back with a spacious yard and wooded surroundings, the property provides a private feel while still being conveniently located near local amenities and commuter routes. Private water and sewer are already in place, adding to the property's flexibility and long-term potential. Whether you're an investor, builder, or buyer looking for a project with acreage, this property is worth a look.
Closed
Zestimate®
$226,000
392 Elm Street, Mechanic Falls, ME 04256
3beds
1,040sqft
Single Family Residence
Built in ----
5.95 Acres Lot
$226,000 Zestimate®
$217/sqft
$2,162 Estimated rent
Home value
$226,000
$210,000 - $244,000
$2,162/mo
Zestimate® history
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$1,510/mo
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List your homeWhat's special
Spacious yardPrivate feelWooded surroundingsFull daylight walk-out basementFunctional layout
Zillow last checked:
Listing updated:
Listed by:
Coldwell Banker Realty 207-282-5988
Bought with:
River's Edge Realty LLC
Source: Maine Listings,MLS#: 1661252
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
- Hot Water
Cooling
- None
Features
- 1st Floor Bedroom, One-Floor Living
- Flooring: Laminate, Wood
- Basement: Interior Entry,Dirt Floor,Full
- Has fireplace: No
Interior area
- Total structure area: 1,040
- Total interior livable area: 1,040 sqft
- Finished area above ground: 1,040
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Other, 5 - 10 Spaces
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 5.95 Acres
- Features: Rural, Wooded
Details
- Parcel number: MECHM008L023
- Zoning: R
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Frame, Wood Siding
- Roof: Shingle
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Private
Community & neighborhood
Location
- Region: Mechanic Falls
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Sold | $226,000+5.1%$217/sqft |
Source:  Maine Listings #1661252 Report a problem | ||
| 5/19/2026 | Pending sale | $215,000$207/sqft |
Source: Maine Listings #1661252 Report a problem | ||
| 5/8/2026 | Listed for sale | $215,000$207/sqft |
Source: Maine Listings #1661252 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,825 +10% | $183,442 |
| 2023 | $2,568 +15.4% | $183,442 +83.3% |
| 2022 | $2,226 +3% | $100,056 |
| 2021 | $2,161 | $100,056 |
| 2020 | $2,161 +3.1% | $100,056 |
| 2019 | $2,096 -3.9% | $100,056 |
| 2018 | $2,181 -0.9% | $100,056 |
| 2017 | $2,201 +3.2% | $100,056 |
| 2016 | $2,133 -0.4% | $100,056 |
| 2015 | $2,141 +0.9% | $100,056 |
| 2014 | $2,121 +3.9% | $100,056 |
| 2013 | $2,041 +4.6% | $100,056 -4.4% |
| 2012 | $1,951 +24.3% | $104,629 +17% |
| 2011 | $1,569 | $89,429 +2.8% |
| 2009 | -- | $86,960 +0.7% |
| 2008 | -- | $86,390 -0.3% |
| 2006 | $1,637 | $86,630 |
Find assessor info on the county website
Neighborhood: 04256
Nearby schools
GreatSchools rating
- 1/10Elm Street School-Mechanic FallsGrades: PK-6Distance: 1.2 mi
- 7/10Bruce M Whittier Middle SchoolGrades: 7-8Distance: 2.2 mi
- 4/10Poland Regional High SchoolGrades: 9-12Distance: 2.2 mi
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$226,000
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$230,520
- Maine
- Androscoggin County
- Mechanic Falls
- 04256
- 392 Elm Street
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