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$226,000
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Property Description
Looking for a fixer-upper with potential, or an opportunity for future development? 392 Elm Street in Mechanic Falls offers a range of possibilities, from renovating and making it your own to exploring subdivision potential on the expansive 5.9-acre lot (buyer to verify with the town). This 3-bedroom, 1-bath home features a functional layout with a full daylight walk-out basement offering additional storage or workshop space. Set back with a spacious yard and wooded surroundings, the property provides a private feel while still being conveniently located near local amenities and commuter routes. Private water and sewer are already in place, adding to the property's flexibility and long-term potential. Whether you're an investor, builder, or buyer looking for a project with acreage, this property is worth a look.
Full Property Details
Full Property Details for 392 Elm St
General
- Sold For: $226,000
- Taxes: $2,733 (2025)
- Status: Closed
- Type: Single Family
- Source: MREIS
- MLS ID: 1661252
- Added to Site: 62 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: 1st Floor Bedroom, One-Floor Living
- Flooring: Laminate, Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup
Exterior
- Porch/Patio/Deck: Deck
Parking
- Parking Features: Gravel, Other, 5 - 10 Spaces
Location
- County: Androscoggin
Heating & Cooling
- Cooling Type: None
- Heating Type: Oil, Hot Water
Utilities
- Sewer: Private Sewer
- Water: Private
Structural Information
- Architectural Style: Ranch
- Construction: Wood Frame, Wood Siding
- Basement: Yes
- Basement Desc.: Interior Entry, Dirt Floor, Full
- Roof: Shingle
- Square Feet: 1,040
- Sq. Ft. Source: Public Records
- Finished Total: 1,040 Sq. Ft.
- Finished Above Grnd: 1,040 Sq. Ft.
- Year Built: 9999
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 5.95
- Lot Size (Sq. Ft.): 259,182
- Zoning: R
- Lot Description: Rural, Wooded
Financial Considerations
- Tax Amount: $2,733
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 23
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Schools
Schools serving 392 Elm St
School District:Regional School Unit 16
| Name | Grades | Distance |
|---|---|---|
Elm Street School-Mechanic Falls 129 Elm Street, Mechanic Falls, ME 04256 | PK-6 | 1.2 mi |
Bruce M Whittier Middle School 1457 Maine Street, Poland, ME 04274 | 7-8 | 2.4 mi |
Poland Regional High School 1457 Maine Street, Poland, ME 04274 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 392 Elm St
Date
Details
Price
Change
Source
6/29/2026
Sold
$226,000
5.12%
MLS
5/08/2026
Listed
$215,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
392 Elm Street, Mechanic Falls, ME 04256 (MLS# 1661252) is a Single Family property that was sold at $226,000 on June 29, 2026. This property was listed by Aaron Kollmeyer from our Saco Office.Want to learn more about 392 Elm Street? Do you have questions about finding other Single Family real estate for sale in Mechanic Falls? You can browse all Mechanic Falls real estate or contact a Coldwell Banker agent to request more information.


