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ActivePrice cut: $3K (8/6)
$316,900
4beds
1,735sqft

394 Lakewood Road, Madison, ME 04950

4beds
1,735sqft
Single family residence
Built in 1965
1.09 Acres
Gravel, 1 - 4 spaces, on site, off street
$183 price/sqft

What's special

Brand-new entrywaySelect new windowsBright welcoming interiorBrand-new cabinetryPrivate outdoor spaceHybrid hot water heaterNew exterior doors

SECOND CHANCES DON'T HAPPEN OFTEN! Here is your opportunity! Completely reimagined from top to bottom, this beautifully renovated home blends classic New England Cape charm with extensive modern updates. Every detail has been thoughtfully completed, creating a home that's as functional as it is inviting. Step inside through the brand-new entryway, complete with laundry and generous closet space, before discovering a bright, welcoming interior finished with new luxury bamboo vinyl plank flooring, refinished hardwood floors, fresh paint, updated lighting, new plumbing and custom built-ins that add both character and functionality. The new kitchen features brand-new cabinetry, butcher block countertops, a farmhouse sink overlooking the peaceful backyard and open field, and stainless steel appliances. The improvements continue throughout with two completely renovated bathrooms, select new windows, new exterior doors, updated electrical and light fixtures, a high-efficiency furnace, and a hybrid hot water heater, giving you the confidence that the major work has already been done. Outside is where this property truly shines. The rear deck overlooks open fields, creating the perfect backdrop. Just steps away, the fire pit patio is surrounded by mature hostas and thoughtfully landscaped gardens, offering a private outdoor space just 3 miles from town. You'll enjoy easy access to shopping, restaurants, healthcare, and everyday conveniences while still feeling tucked away. Even better, you're at the gateway to Maine's Woods, where endless opportunities for hunting, fishing, hiking, ATV and snowmobile trails, and outdoor adventure are all within easy reach. If you've been searching for a home where the work has already been done, 394 Lakewood Road delivers. Thoughtfully renovated, beautifully finished, and set on a picturesque 1+ acre lot, this is a must see.

49 days
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1,054
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91
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Source: Maine Listings,MLS#: 1673823MLS Logo
Travel times

Living Room

Kitchen

Dining Room

Zillow last checked:

Listing updated:

Listed by:

Listings Direct

Source: Maine Listings,MLS#: 1673823MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
Bedroom 1
  • Level: First
Bedroom 2
  • Level: First
Bedroom 3
  • Level: Second
Bedroom 4
  • Level: Second
Dining room
  • Level: First
Kitchen
  • Level: First
Laundry
  • Level: First
Living room
  • Level: First
Heating
  • Baseboard, Hot Water
Cooling
  • None
Appliances
  • Included: Dishwasher, Microwave, Electric Range, Refrigerator, ENERGY STAR Qualified Appliances
Features
  • 1st Floor Bedroom, Bathtub, Pantry, Shower, Storage, Walk-In Closet(s)
  • Flooring: Vinyl, Wood
  • Windows: Double Pane Windows
  • Basement: Interior Entry,Walk-Out Access,Full,Sump Pump,Unfinished
  • Number of fireplaces: 1
Interior area
  • Total structure area: 1,735
  • Total interior livable area: 1,735 sqft
  • Finished area above ground: 1,735
  • Finished area below ground: 0

Property

Parking
  • Parking features: Gravel, 1 - 4 Spaces, On Site, Off Street
Features
  • Levels: Multi/Split
  • Patio & porch: Deck, Glassed-in Porch, Patio
  • Has view: Yes
  • View description: Fields, Scenic
Lot
  • Size: 1.09 Acres
  • Features: Near Country Club, Near Town, Level, Open Lot, Pasture, Rolling Slope, Landscaped
Details
  • Parcel number: MADNM004L011
  • Zoning: Residential Rural
  • Other equipment: Cable, Internet Access Available

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Cape Cod,New Englander
  • Property subtype: Single Family Residence
Materials
  • Wood Frame, Vinyl Siding
  • Foundation: Poured Concrete
  • Roof: Shingle
Condition
  • Year built: 1965

Utilities & green energy

  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Tank
  • Water: Private, Well
Green energy
  • Energy efficient items: 90% Efficient Furnace, Ceiling Fans, Dehumidifier, LED Light Fixtures, Thermostat

Community & HOA

Location
  • Region: Madison

Financial & listing details

  • Price per square foot: $183/sqft
  • Tax assessed value: $179,000
  • Annual tax amount: $3,533
  • Date on market: 9/4/2026
  • Ownership: Special Warranty
  • Road surface type: Paved

Price history

DateEventPrice
9/4/2026Listed for sale$316,900$183/sqft
Source: Maine Listings #1673823 Report a problem
8/20/2026Pending sale$316,900$183/sqft
Source: Maine Listings #1673823 Report a problem
8/6/2026Price change$316,900-0.9%$183/sqft
Source: Maine Listings #1673823 Report a problem
7/28/2026Listed for sale$319,900+236.7%$184/sqft
Source: Maine Listings #1673823 Report a problem
2/26/2026Sold$95,000$55/sqft
Source: Maine Listings #1646945 Report a problem
2/24/2026Pending sale$95,000$55/sqft
Source: Maine Listings #1646945 Report a problem
1/28/2026Contingent$95,000$55/sqft
Source: Maine Listings #1646945 Report a problem
1/19/2026Price change$95,000-5%$55/sqft
Source: Maine Listings #1646945 Report a problem
12/18/2025Listed for sale$100,000-46.9%$58/sqft
Source: Maine Listings #1646945 Report a problem
12/16/2025Sold$188,384$109/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax assessment
2024$2,882 +11.2%$179,000 +15.3%
2023$2,592 +10.5%$155,200 +23%
2022$2,346 +0.2%$126,200 +4.6%
2021$2,342 -5.2%$120,600 +3.7%
2020$2,471 $116,300
2019$2,471 -1.2%$116,300
2018$2,500 $116,300
2017$2,500 +0.4%$116,300 -1.9%
2016$2,491 +7.7%$118,600
2015$2,313 $118,600
2014$2,313 +11.3%$118,600
2013$2,079 +3.6%$118,600
2012$2,006 $118,600
2010-- $118,600 -0.7%
2009-- $119,400 +5.7%
2008-- $113,000 +16.3%
2006-- $97,200

Find assessor info on the county website

Monthly payment

Est. payment
$1,971/mo
Principal & interest
$1665
Property taxes
$306
More affordability toolsChevron Right

Estimated market value

$312,900

$297,000 - $329,000

$2,005/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 04950

Nearby schools

Main Street Middle School
Grades 3-65.7 miles
N/A
GreatSchools® Rating
Madison Elementary School
Grades PK-26.1 miles
N/A
GreatSchools® Rating