This is the Home for you!! Charming and updated 4-bedroom, 1.5-bath Cape set on a private corner lot in the sought-after Lake Arrowhead Community! This inviting home offers the perfect blend of comfort, convenience, and recreation with a spacious deck overlooking a large backyard ideal for entertaining, relaxing, or enjoying Maine's beautiful seasons.
Recent improvements include in 2024 new windows throughout, new roof, updated flooring, direct vent furnace system, and refreshed kitchen quartz counters, giving the home a modern feel while maintaining its warm character. The flexible floor plan features a first-floor bedroom along with a half bath and convenient washer & dryer setup, perfect for one-level living options. Upstairs you'll find the primary bedroom, two additional bedrooms, and a full bath providing plenty of room for family and guests.
As part of the Lake Arrowhead Community, residents enjoy access to an impressive array of amenities including two indoor pools, an outdoor pool, clubhouse, fitness and recreation opportunities, plus beach rights for swimming, boating, and year-round fun. Whether you're searching for a primary residence, vacation getaway, or investment opportunity, this home delivers exceptional value and lifestyle!
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Zestimate®
$385,000
55 Balsam Drive, Waterboro, ME 04061
4beds
1,264sqft
Single Family Residence
Built in 1989
0.45 Acres Lot
$385,000 Zestimate®
$305/sqft
$2,794 Estimated rent
Home value
$385,000
$362,000 - $408,000
$2,794/mo
Zestimate® history
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$3,733/mo
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List your homeWhat's special
Refreshed kitchen quartz countersUpdated flooringFirst-floor bedroomDirect vent furnace systemPrivate corner lotFlexible floor plan
Zillow last checked:
Listing updated:
Listed by:
Coldwell Banker Realty 207-282-5988
Bought with:
The Real Estate Store
Source: Maine Listings,MLS#: 1663446
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
Bedroom 1
- Level: First
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Baseboard, Direct Vent Furnace, Hot Water
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Features
- 1st Floor Bedroom, Bathtub, Storage
- Flooring: Carpet, Laminate, Tile, Vinyl
- Basement: Bulkhead,Interior Entry,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,264
- Total interior livable area: 1,264 sqft
- Finished area above ground: 1,264
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 5 - 10 Spaces, Off Street
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.45 Acres
- Features: Neighborhood, Rural, Corner Lot, Level, Wooded
Details
- Additional structures: Shed(s)
- Parcel number: WTBRM046L002193
- Zoning: R
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Wood Frame, Clapboard, Wood Siding
- Foundation: Poured Concrete
- Roof: Shingle
Condition
- Year built: 1989
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Lake Drawn, Public
Community & HOA
Community
- Subdivision: Lake Arrowhead
HOA
- Has HOA: Yes
- HOA fee: $1,333 annually
Location
- Region: North Waterboro
Financial & listing details
- Price per square foot: $305/sqft
- Tax assessed value: $216,900
- Annual tax amount: $3,568
- Date on market: 5/22/2026
- Road surface type: Gravel, Dirt
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Sold | $385,000-3.7%$305/sqft |
Source:  Maine Listings #1663446 Report a problem | ||
| 6/4/2026 | Pending sale | $399,900$316/sqft |
Source: Maine Listings #1663446 Report a problem | ||
| 5/22/2026 | Listed for sale | $399,900+116.2%$316/sqft |
Source: Maine Listings #1663446 Report a problem | ||
| 5/7/2019 | Sold | $185,000-0.5%$146/sqft |
Source: Maine Listings #1404020 Report a problem | ||
| 3/6/2019 | Listed for sale | $186,000$147/sqft |
Source: RE/MAX Realty One #1404020 Report a problem | ||
| 3/6/2019 | Pending sale | $186,000$147/sqft |
Source: RE/MAX Realty One #1404020 Report a problem | ||
| 10/31/2018 | Price change | $186,000-2.1%$147/sqft |
Source: RE/MAX Realty One #1363898 Report a problem | ||
| 10/10/2018 | Price change | $190,000-2.6%$150/sqft |
Source: RE/MAX REALTY ONE #1363898 Report a problem | ||
| 10/6/2018 | Price change | $195,000-2%$154/sqft |
Source: RE/MAX REALTY ONE #1363898 Report a problem | ||
| 9/25/2018 | Price change | $199,000-2.9%$157/sqft |
Source: RE/MAX REALTY ONE #1363898 Report a problem | ||
| 9/18/2018 | Price change | $205,000-2.4%$162/sqft |
Source: RE/MAX REALTY ONE #1363898 Report a problem | ||
| 9/13/2018 | Listed for sale | $210,000$166/sqft |
Source: RE/MAX REALTY ONE #1363898 Report a problem | ||
| 8/15/2018 | Pending sale | $210,000$166/sqft |
Source: RE/MAX REALTY ONE #1363898 Report a problem | ||
| 8/4/2018 | Price change | $210,000-4.1%$166/sqft |
Source: RE/MAX REALTY ONE #1363898 Report a problem | ||
| 8/1/2018 | Listed for sale | $219,000+39%$173/sqft |
Source: RE/MAX Realty One #1363898 Report a problem | ||
| 12/28/2017 | Sold | $157,500+0.3%$125/sqft |
Source: Maine Listings #1320771 Report a problem | ||
| 9/25/2017 | Listing removed | $157,000$124/sqft |
Source: Spectrum Real Estate #1320771 Report a problem | ||
| 8/10/2017 | Price change | $157,000-7.6%$124/sqft |
Source: Spectrum Real Estate #1320771 Report a problem | ||
| 8/5/2017 | Listed for sale | $169,900+89%$134/sqft |
Source: Spectrum Real Estate #1320771 Report a problem | ||
| 10/25/2013 | Listing removed | $89,900$71/sqft |
Source: CENTURY 21 First Choice Realty #1085095 Report a problem | ||
| 10/16/2013 | Listed for sale | $89,900$71/sqft |
Source: CENTURY 21 First Choice Realty #1085095 Report a problem | ||
| 8/10/2013 | Listing removed | $89,900$71/sqft |
Source: CENTURY 21 First Choice Realty #1085095 Report a problem | ||
| 8/6/2013 | Pending sale | $89,900$71/sqft |
Source: CENTURY 21 First Choice Realty #1085095 Report a problem | ||
| 7/4/2013 | Price change | $89,900-9.2%$71/sqft |
Source: CENTURY 21 First Choice Realty #1085095 Report a problem | ||
| 6/4/2013 | Price change | $99,000-13.8%$78/sqft |
Source: CENTURY 21 First Choice Realty #1085095 Report a problem | ||
| 5/16/2013 | Price change | $114,900-8.1%$91/sqft |
Source: CENTURY 21 First Choice Realty #1085095 Report a problem | ||
| 3/30/2013 | Listed for sale | $125,000$99/sqft |
Source: Homepath #1085095 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,863 | $216,900 |
| 2023 | $2,863 +6.2% | $216,900 +12.7% |
| 2022 | $2,695 +10.8% | $192,500 +21.8% |
| 2021 | $2,433 | $158,100 |
| 2020 | $2,433 +1% | $158,100 +1% |
| 2019 | $2,410 +0.5% | $156,600 +0.4% |
| 2018 | $2,399 -0.3% | $155,900 |
| 2017 | $2,407 +1.3% | $155,900 |
| 2016 | $2,376 -0.3% | $155,900 -8.8% |
| 2015 | $2,384 -0.3% | $170,900 |
| 2014 | $2,391 +2.6% | $170,900 |
| 2013 | $2,331 +6.5% | $170,900 |
| 2012 | $2,188 +6.7% | $170,900 |
| 2011 | $2,051 | $170,900 |
| 2009 | -- | $170,900 |
Find assessor info on the county website
Neighborhood: 04061
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Nearby schools
GreatSchools rating
- 6/10Waterboro Elementary SchoolGrades: PK-5Distance: 5.1 mi
- 6/10Massabesic Middle SchoolGrades: 6-8Distance: 5.5 mi
- 4/10Massabesic High SchoolGrades: 9-12Distance: 8.5 mi
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- Maine
- York County
- Waterboro
- 04061
- 55 Balsam Drive
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