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$100,000
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Property 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 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.
Full Property Details
Full Property Details for 394 Lakewood Rd
General
- Price: $100,000
- Taxes: $3,534 (2026)
- Status: Active
- Type: Single Family
- Source: MREIS
- MLS ID: 1646945
- Updated: 12/18/2025
- Added to Site: 31 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Bathtub
- Fireplace: Yes
- Number of Fireplaces: 1
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Washer Hookup
Exterior
- Porch/Patio/Deck: Glass Enclosed
Parking
- Parking Features: 1 - 4 Spaces, Gravel
Location
- County: Somerset
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Baseboard
Utilities
- Sewer: Private Sewer, Unknown
- Water: Well, Private
- Well: Yes
Structural Information
- Architectural Style: Cape Cod
- Construction: Vinyl Siding, Wood Frame
- Roof: Shingle
- Building Size: 1482
- Square Feet: 1,482
- Sq. Ft. Source: Other
- Living Area: 1,482 Sq. Ft.
- Finished Total: 1,482 Sq. Ft.
- Finished Above Grnd: 1,482 Sq. Ft.
- Year Built: 1965
Lot Features
- Lot Size (Acres): 1.09
- Lot Size (Sq. Ft.): 47,480.4
- Lot Size Source: Other
- Zoning: Residential Rural
- Lot Description: Rolling/Sloping, Open, Wooded, Rural
Financial Considerations
- Tax Amount: $3,534
- Tax Year: 2026
Disclosures and Reports
- Ownership: Special Warranty
- Lot Number: 11
Listed by Rizzo Mattson (207) 622-9000
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Schools
Schools serving 394 Lakewood Rd
School District:School Administrative District 59
| Name | Grades | Distance |
|---|---|---|
Madison Area Memorial High School 486 Main Street, Madison, ME 04950 | 9-12 | 4.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 394 Lakewood Rd
Date
Details
Price
Change
Source
12/18/2025
Listed
$100,000
-46.92%
MLS
12/02/2025
Sold
$188,384
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 394 Lakewood Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,882
11%
$179,000
15%
2023
$2,592
10%
$155,200
23%
2022
$2,346
—
$126,200
5%
2021
$2,342
-5%
$120,600
4%
2020
$2,471
—
$116,300
—
2019
$2,471
-1%
$116,300
—
2018
$2,500
—
$116,300
—
2017
$2,500
—
$116,300
-2%
2016
$2,491
8%
$118,600
—
2015
$2,313
—
$118,600
—
2014
$2,313
11%
$118,600
—
2013
$2,079
—
$118,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 394 Lakewood Rd
394 Lakewood Road, Madison, ME 04950 (MLS# 1646945) is a Single Family property with 4 bedrooms and 2 full bathrooms. 394 Lakewood Road is currently listed for $100,000 and was received on December 18, 2025. Want to learn more about 394 Lakewood Road? Do you have questions about finding other Single Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

