12866 - This conveniently located close to town double lot offers a unique blend of residential and potential commercial use. Set on nearly 3 acres, it features a spacious 4 bedroom, 1 1/2 bath home with versatile living. The property includes an attached 2 car garage and a detached 2 car garage providing ample space of vehicle and storage with new garage doors. New septic tank & leach field in July 2022. Home was appraised July 2024 for $305,000. A new roof was installed on the main house August 2024. Visibility and accessibility, making it ideal for those looking to run a business from home or explore commercial opportunities. An additional office space within the home enhances its functionality, catering to professional and or personal needs. With its prime location & expansive land this property is a rare find offering both residential comfort and commercial potential. 14x20 deck to expand outdoor entertainment options. Host gatherings enjoy outdoor meals, relaxing in a private setting. Direct access to ITS 87-snowmobile trail.
Closed
$285,000
37 Lakewood Road, Madison, ME 04950
4beds
1,360sqft
Single Family Residence
Built in 1969
2.8 Acres Lot
$295,400 Zestimate®
$210/sqft
$2,017 Estimated rent
Home value
$295,400
Estimated sales range
Not available
$2,017/mo
Zestimate® history
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$1,846/mo
Est. payment
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List your homeWhat's special
New garage doorsDouble lotExpansive landNew roofAdditional office space
Zillow last checked:
Listing updated:
Listed by:
Allied Realty
Bought with:
Allied Realty
Source: Maine Listings,MLS#: 1602640
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom 1
- Level: Second
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bedroom 4
- Level: Second
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Office
- Level: First
Heating
- Baseboard, Hot Water, Zoned, Stove
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Features
- Storage
- Flooring: Carpet, Laminate, Wood
- Basement: Interior Entry,Full,Sump Pump,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,360
- Total interior livable area: 1,360 sqft
- Finished area above ground: 1,360
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Gravel, Paved, 5 - 10 Spaces, Detached, Heated Garage
- Attached garage spaces: 4
Features
- Levels: Multi/Split
- Patio & porch: Deck, Porch
Lot
- Size: 2.8 Acres
- Features: Near Shopping, Level, Open Lot, Landscaped
Details
- Additional structures: Outbuilding
- Parcel number: MADNM029L003004
- Zoning: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Wood Frame, Vinyl Siding
- Foundation: Block, Stone
- Roof: Shingle
Condition
- Year built: 1969
Utilities & green energy
- Electric: Circuit Breakers, Fuses
- Sewer: Private Sewer
- Water: Private, Well
Community & HOA
Location
- Region: Madison
Financial & listing details
- Price per square foot: $210/sqft
- Tax assessed value: $176,800
- Annual tax amount: $2,140
- Date on market: 9/4/2024
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2025 | Sold | $285,000-7.8%$210/sqft |
Source:  Maine Listings #1602640 Report a problem | ||
| 2/3/2025 | Pending sale | $309,000$227/sqft |
Source: Maine Listings #1602640 Report a problem | ||
| 11/15/2024 | Price change | $309,000-3.4%$227/sqft |
Source: Maine Listings #1602640 Report a problem | ||
| 9/4/2024 | Listed for sale | $320,000+7%$235/sqft |
Source: Maine Listings #1602640 Report a problem | ||
| 11/21/2022 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 10/17/2022 | Price change | $299,000-6.3%$220/sqft |
Source: Maine Listings #1539961 Report a problem | ||
| 10/1/2022 | Price change | $319,000-4.8%$235/sqft |
Source: Maine Listings #1539961 Report a problem | ||
| 8/14/2022 | Listed for sale | $335,000$246/sqft |
Source: Maine Listings #1539961 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,846 +11.3% | $176,800 +15.4% |
| 2023 | $2,558 +6.7% | $153,200 +18.8% |
| 2022 | $2,398 +0.2% | $129,000 +4.7% |
| 2021 | $2,393 -5.4% | $123,200 +3.5% |
| 2020 | $2,529 | $119,000 |
| 2019 | $2,529 -1.2% | $119,000 |
| 2018 | $2,559 | $119,000 |
| 2017 | $2,559 +0.3% | $119,000 -2.1% |
| 2016 | $2,552 +7.7% | $121,500 |
| 2015 | $2,369 | $121,500 |
| 2014 | $2,369 +11.2% | $121,500 |
| 2013 | $2,130 +3.6% | $121,500 |
| 2012 | $2,055 | $121,500 +32.9% |
| 2006 | -- | $91,400 |
Find assessor info on the county website
Neighborhood: 04950
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Nearby schools
GreatSchools rating
- NAMain Street Middle SchoolGrades: 3-6Distance: 6.7 mi
- NAMadison Junior/Senior High SchoolGrades: 7-12Distance: 5.6 mi
- NAMadison Elementary SchoolGrades: PK-2Distance: 7.3 mi
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- Maine
- Somerset County
- Madison
- 04950
- 37 Lakewood Road
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