394 Lakewood Rd

Madison, ME 04950

$100,000
Price
4
Beds
1,482 Sq. Ft.
$67 / Sq. Ft.
1,482
Sq. Ft.
$67
per Sq. Ft.
exterior front
exterior left front
exterior left rear
exterior rear
living room v1
living room v2
kitchen
first floor bath
enclosed rear porch
bedroom 2 v1
bedroom 2 v2
bedroom 3 v1
bedroom 3 v2
bedroom 4 v2
basment mechanical area

Description

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...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.
  1. Listed by Merrie Hanson • Rizzo Mattson • 207-622-9000

Property Details for 394 Lakewood Road

Waterfront
No
ArchitecturalStyle
Cape Cod
Garage Spaces
.00
Garage
No
Zoning
Residential Rural
LISTING UPDATED: 12/19/2025 10:18 AM

Property Details for 394 Lakewood Road

StatusActive
MLS #1646945
Days on Market6
Taxes$3,534 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1965
Lot Size1.09 AC / 47,480 SF
CountySomerset County

Location

Listing Courtesy of Rizzo Mattson
Add your commute

Building Information for 394 Lakewood Road

Stories-Year Built1965Building Size-Lot Size1.09 AC / 47,480 SF

Payment Calculator

$789 per month

30 year fixed, 6.28% Interest

Principal and Interest

$494

Property Taxes

$295

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 394 Lakewood Road

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 3015
  • Directions: Use GPS
  • Town: Madison
  • State/Province: ME
  • Zip Code: 04950
  • County: Somerset
  • Geo Latitude: 44.808429
  • Geo Longitude: -69.758924
  • Tax Lot: 011
  • Site:Open: Yes
  • Site:Rolling/Sloping: Yes
  • Site:Wooded: Yes
  • Location:Rural: Yes
  • Transportation:Major Road Access: Yes
Parking
  • Parking Features: 1 - 4 Spaces, Gravel
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 2679
  • Tax Map Number: 004
  • Tax Year: 2026
  • Parcel Number: MADN-000004-000000-000011
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,534.00
  • Restrictions:No Restrictions: Yes
School Information
  • School District: RSU 59/MSAD 59
Property
Heating and Cooling
  • Water Heater:Off Heating System: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 1482.0
  • Lot Size Acres: 1.09
  • Source of Acreage: Other
  • Building Area Total: 1482.0
  • Lot Size Area: 1.09
  • Lot Size Units: Acres
  • Lot Size Square Feet: 47480.4
  • Bedrooms Total: 4
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Street Number: 394
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Deed/Conveyance Type Offered: Other
  • Property Information:Other Deed/Conveyance Type Offered: Special Warranty
  • Property Information:Deed Restrictions: Unknown
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:# Rooms: 7.00
  • Property Information:Acreage Other Source: Tax Card
  • Property Information:Total Half Baths: .00
  • Property Information:Color: White
  • Property Information:# Full Baths Basement: .00
  • Property Information:# Half Baths Basement: .00
  • Property Information:# Full Baths Level 1: 1.00
  • Property Information:# Half Baths Level 1: .00
  • Property Information:# Full Baths Level 2: 1.00
  • Property Information:Other Source of Square Footage: Tax Card
  • Property Information:# Half Baths Level 2: .00
  • Property Information:# Full Baths Level 3: .00
  • Property Information:# Half Baths Level 3: .00
  • Property Information:# Full Baths Upper: .00
  • Property Information:# Half Baths Upper: .00
Parking
  • Driveway:Gravel: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Residential,Single Family Residence
  • Property Type Label: Residential
  • Property Sub-Type: Single Family Residence
  • Building Area Source: Other
  • Year Built: 1965
Utilities
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Unknown
  • Water Source: Well, Private
  • Utilities:Utilities On: No
  • Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • # Fireplaces: 1
  • Fireplace: Yes
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Patio and Porch Features:Glassed-in Porch: Yes
Interior Features
  • Basement: Interior, Unfinished
  • Flooring: Wood
  • Interior Features: Bathtub
  • Cooling: None
  • Heating: Hot Water, Baseboard
  • Foundation Details: Concrete Perimeter
  • Laundry Features: Washer Hookup
  • Room Total: 7
  • Bathrooms Total (Integer): 2
  • Bathrooms Total (Decimal): 2.00
  • Bathrooms Total (Notational): 2.00
  • Cooling YN: No
  • Heating YN: Yes
  • Kitchen Countertop:Other: Yes
Room Information
Room 1
  • Room Type: Living Room
  • Room Level: First
Room 2
  • Room Type: Kitchen
  • Room Level: First
Room 3
  • Room Type: Bedroom 1
  • Room Level: First
Room 4
  • Room Type: Bedroom 2
  • Room Level: First
Room 5
  • Room Type: Sunroom
  • Room Level: First
Room 6
  • Room Type: Bedroom 3
  • Room Level: Second
Room 7
  • Room Type: Bedroom 4
  • Room Level: Second

Property History for 394 Lakewood Road

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Listed (Active)

Maine Listings #1646945

$100,000—
Jan 20, 2006

Sold

Maine Listings #736772

$89,500—
Jan 3, 2006

Pending

Maine Listings #736772

—
Jan 3, 2006

Active Under Contract

Maine Listings #736772

—
Mar 3, 2005

Listed (Active)

Maine Listings #736772

$128,500—
DateEvent & SourcePrice
12/18/2025

Listed (Active)

Maine Listings #1646945

$100,000
01/20/2006

Sold

Maine Listings #736772

$89,500
01/03/2006

Pending

Maine Listings #736772

—
01/03/2006

Active Under Contract

Maine Listings #736772

—
03/03/2005

Listed (Active)

Maine Listings #736772

$128,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 394 Lakewood Road

Taxable ValueLand$48,600Additions$130,400Total$179,000
Tax Record2024$2,882 ($240 / month)
Home Facts
Beds4Baths2Total Finished SqFt1,482 SqFtAbove Grade Finished SqFt1,482 SqFtStories2Lot Size47,480 SqFtStyleSingle Family ResidenceYear Built1965ZoningRES RUCountySOMERSETAPNMADN M:004 L:011Fireplace TypeHas Fireplace

Schools near 394 Lakewood Road

This home is within Regional School Unit 59 Msad 59.
Rating
School
Type
Grades
Distance
Madison Junior High School
Public - 5 to 8
Madison Area Memorial High School
Public - 9 to 12
Madison Elementary School
Public - PK to 4
Rating
School
Distance
Madison Junior High School
Public5 to 8

Madison Area Memorial High School
Public9 to 12

Madison Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 394 Lakewood Road, Madison, ME 04950

394 Lakewood Road is a single family home for sale in Madison, ME 04950. This property was listed for sale on December 18, 2025 by Rizzo Mattson, it's currently listed at $100,000. It has been on the market for a total of 6 days and was last sold on January 20, 2006. This listing's school district is Regional School Unit 59 Msad 59. Nearby schools include Madison Junior High School, Madison Area Memorial High School and Madison Elementary School. 394 Lakewood Road is a 4-bed, 2-bath, 1,482 sqft single family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rizzo Mattson

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.