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Pending
    • Price cut: $10K (3/5)
    $150,000

    557 Preble Avenue, Madison, ME 04950

    4beds
    2,352sqft
    : 
    Single Family Residence
    Built in 1960
    2 Acres Lot
    $-- Zestimate®
    $64/sqft
    $-- HOA

    What's special

    Desirable layoutNewer metal roof
    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.
    79 days
    |
    1,374
    |
    96
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 24, 2026 at 10:19am

    Listed by:

    Real Broker

    Source: Maine Listings,MLS#: 1649513MLS Logo

      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
      Features
      • Flooring: Vinyl
      • Basement: Interior Entry
      • 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: Garage - Attached
      • Attached garage spaces: 2
      Features
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 2 Acres
      Details
      • Parcel number: MADNM002L031A
      • Zoning: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cape Cod
      • Property subtype: Single Family Residence
      Materials
      • Roof: Metal,Pitched
      Condition
      • Year built: 1960

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Private Sewer
      • Water: Private

      Community & HOA

      Location
      • Region: Madison

      Financial & listing details

      • Price per square foot: $64/sqft
      • Tax assessed value: $130,700
      • Annual tax amount: $3,672
      • Date on market: 1/16/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,351/mo

        Price history

        Price history
        DateEventPrice
        3/24/2026Pending sale$150,000$64/sqft
        Source: Maine Listings #1649513 Report a problem
        3/5/2026Price change$150,000-6.3%$64/sqft
        Source: Maine Listings #1649513 Report a problem
        2/28/2026Listed for sale$160,000$68/sqft
        Source: Maine Listings #1649513 Report a problem
        1/30/2026Contingent$160,000$68/sqft
        Source: Maine Listings #1649513 Report a problem
        1/16/2026Listed for sale$160,000+100%$68/sqft
        Source: Maine Listings #1649513 Report a problem
        9/29/2017Sold$80,000-19.9%$34/sqft
        Source: Maine Listings #1315224 Report a problem
        8/9/2017Price change$99,900-4.8%$42/sqft
        Source: Allied Realty #1315224 Report a problem
        6/30/2017Listed for sale$104,900$45/sqft
        Source: Allied Realty #1315224 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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

        BuyAbility℠ payment

        Est. payment
        $919/mo
        Principal & interest
        $774
        Property taxes
        $145
        More affordability tools

          Climate risks

          Neighborhood: 04950

          Getting around

          0 / 100
          Car-Dependent
          9 / 100
          Somewhat Bikeable

          Nearby schools

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