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.
Closed
$118,000
557 Preble Avenue, Madison, ME 04950
4beds
2,352sqft
Single Family Residence
Built in 1960
2 Acres Lot
$118,500 Zestimate®
$50/sqft
$2,309 Estimated rent
Home value
$118,500
Estimated sales range
Not available
$2,309/mo
Zestimate® history
Owner options
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$613/mo
Est. payment
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Est. payment
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List your homeWhat's special
Desirable layoutNewer metal roof
Zillow last checked:
Listing updated:
Listed by:
Real Broker
Bought with:
Coldwell Banker Sandy River Realty
Source: Maine Listings,MLS#: 1649513
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Second
Bedroom 1
- Features: Closet
- Level: Second
Bedroom 2
- Features: Closet
- Level: Second
Bedroom 3
- Features: Closet
- Level: Second
Dining room
- Level: First
Kitchen
- Level: First
Laundry
- Level: First
Living room
- Features: Heat Stove
- Level: First
Office
- Level: Second
Heating
- Baseboard, Hot Water, Pellet Stove, Wood Stove
Cooling
- None
Appliances
- Included: Gas Range, Refrigerator
Features
- Storage
- Flooring: Vinyl
- Basement: Interior Entry,Partial
- Has fireplace: No
Interior area
- Total structure area: 2,352
- Total interior livable area: 2,352 sqft
- Finished area above ground: 2,352
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Gravel, 1 - 4 Spaces
- Attached garage spaces: 2
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 2 Acres
- Features: Near Town, Level, Open Lot
Details
- Parcel number: MADNM002L031A
- Zoning: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Wood Frame, Vinyl Siding
- Foundation: Poured Concrete
- Roof: Metal,Pitched
Condition
- Year built: 1960
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Private
Community & neighborhood
Location
- Region: Madison
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Sold | $118,000-21.3%$50/sqft |
Source:  Maine Listings #1649513 Report a problem | ||
| 3/24/2026 | Pending sale | $150,000$64/sqft |
Source: Maine Listings #1649513 Report a problem | ||
| 3/5/2026 | Price change | $150,000-6.3%$64/sqft |
Source: Maine Listings #1649513 Report a problem | ||
| 2/28/2026 | Listed for sale | $160,000$68/sqft |
Source: Maine Listings #1649513 Report a problem | ||
| 1/30/2026 | Contingent | $160,000$68/sqft |
Source: Maine Listings #1649513 Report a problem | ||
| 1/16/2026 | Listed for sale | $160,000+100%$68/sqft |
Source: Maine Listings #1649513 Report a problem | ||
| 9/29/2017 | Sold | $80,000-19.9%$34/sqft |
Source: Maine Listings #1315224 Report a problem | ||
| 8/9/2017 | Price change | $99,900-4.8%$42/sqft |
Source: Allied Realty #1315224 Report a problem | ||
| 6/30/2017 | Listed for sale | $104,900$45/sqft |
Source: Allied Realty #1315224 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,777 | $130,700 |
| 2023 | $2,777 | $130,700 |
| 2022 | $2,777 | $130,700 |
| 2021 | $2,777 | $130,700 |
| 2020 | $2,777 | $130,700 |
| 2019 | $2,777 -1.2% | $130,700 |
| 2018 | $2,810 | $130,700 |
| 2017 | $2,810 +0.5% | $130,700 -1.9% |
| 2016 | $2,797 +7.7% | $133,200 |
| 2015 | $2,597 | $133,200 |
| 2014 | $2,597 +11.2% | $133,200 |
| 2013 | $2,335 +3.7% | $133,200 |
| 2012 | $2,252 | $133,200 +23.6% |
| 2006 | -- | $107,800 |
Find assessor info on the county website
Neighborhood: 04950
Nearby schools
GreatSchools rating
- NAMain Street Middle SchoolGrades: 3-6Distance: 2.3 mi
- NAMadison Junior/Senior High SchoolGrades: 7-12Distance: 1.7 mi
- NAMadison Elementary SchoolGrades: PK-2Distance: 3.1 mi
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- Maine
- Somerset County
- Madison
- 04950
- 557 Preble Avenue
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