OFF MARKET

Off Market Mar 2025 for $285K

$330,091

•

1,360

sq ft

37 Lakewood Rd, Madison, ME 04950

About this home

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.

Single-familyProperty Type

1969Year Built

2.8 acresLot Size

$243Est. Price/Sq.Ft.

4 garage spacesParking

Listed by Sylvia Turner • Allied Realty

Bought with Sylvia Turner • Allied Realty

Redfin checked: a minute ago

•Source:MREIS #1602640

Redfin Estimate

$330,091

$45K since sold in March 2025$2,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 64.2% higher than the average sale price ($201K) of 5 comparable homes.

SOLD SEP 19, 2025
$250,000
A
3 beds1 bath1,247 sq ft
338 Lakewood Rd, Madison, ME 04950
SOLD JUL 8, 2026
$190,000
B
3 beds1 bath1,389 sq ft
22 Jewett St, Skowhegan, ME 04976
SOLD MAY 18, 2026
$250,000
C
3 beds1 bath1,428 sq ft
1150 Lakewood Rd, Madison, ME 04950
SOLD JUL 24, 2026
$60,000
D
3 beds1 bath1,274 sq ft
203 Bigelow Hill Rd, Norridgewock, ME 04957
SOLD MAR 31, 2026
$255,000
E
3 beds2 baths1,179 sq ft
57 Deer Run Rd, Madison, ME 04950

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Market trends in 04950, ME

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.7%

+3.0% MoM

Median sale price

$230K

$51 MoM

Avg. days on market

41d

44 days MoM

Recently sold homes

0 MoM

New listings for sale

$279,900
3 beds2 baths1,291 sq ft
365 Ward Hill Rd, Madison, ME 04950
$59,000
3 beds2 baths980 sq ft
26 Hidden Acres Dr, Madison, ME 04950
$335,000
3 beds1 bath2,024 sq ft
355 River Rd, Madison, ME 04950
$249,000
4 beds2 baths2,304 sq ft
43 Park St, Madison, ME 04950
$140,000
3 beds2 baths924 sq ft
950 Lakewood Rd, Madison, ME 04950
$255,000
1 bed1 bath2,880 sq ft
106 Nichols St, Madison, ME 04950
See all

Provided by Redfin

Sale history for 37 Lakewood Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,469 (+21.9%)

$57,700 + $184,900

$242,600

2024

$2,846 (+11.3%)

$51,700 + $125,100

$176,800

2023

$2,558 (+6.7%)

$44,400 + $108,800

$153,200

2022

$2,398 (+0.2%)

$35,500 + $93,500

$129,000

2021

$2,393 (−5.4%)

$34,000 + $89,200

$123,200

2020

$2,529

$34,000 + $85,000

$119,000

2019

$2,529 (−1.2%)

$34,000 + $85,000

$119,000

2018

$2,559

$34,000 + $85,000

$119,000

2017

$2,559 (+0.3%)

$34,000 + $85,000

$119,000

2016

$2,552 (+7.7%)

$36,500 + $85,000

$121,500

2015

$2,369

$36,500 + $85,000

$121,500

2014

$2,369 (+11.2%)

$36,500 + $85,000

$121,500

2013

$2,130

$36,500 + $85,000

$121,500

Tax history for 37 Lakewood Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,469 (+21.9%)

$57,700 + $184,900

$242,600

2024

$2,846 (+11.3%)

$51,700 + $125,100

$176,800

2023

$2,558 (+6.7%)

$44,400 + $108,800

$153,200

2022

$2,398 (+0.2%)

$35,500 + $93,500

$129,000

2021

$2,393 (−5.4%)

$34,000 + $89,200

$123,200

2020

$2,529

$34,000 + $85,000

$119,000

2019

$2,529 (−1.2%)

$34,000 + $85,000

$119,000

2018

$2,559

$34,000 + $85,000

$119,000

2017

$2,559 (+0.3%)

$34,000 + $85,000

$119,000

2016

$2,552 (+7.7%)

$36,500 + $85,000

$121,500

2015

$2,369

$36,500 + $85,000

$121,500

2014

$2,369 (+11.2%)

$36,500 + $85,000

$121,500

2013

$2,130

$36,500 + $85,000

$121,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2.8 Acres

Year renovated

—

Sq. Ft.

1,360

Year built

—

Style

Multi-Family (2-4 Unit)

County

Somerset County

APN

512106

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Property details

Parking

Parking Information
Has Garage
Attached Garage: Yes
# of Garage Spaces: 4
Parking Features: Heated, 5 - 10 Spaces, Gravel, Paved, Detached, Inside Entrance
Vehicle Storage: 4+ Car, Attached, Detached, Direct Entry to Living, Heated

Interior

Bathroom Information
# of Baths (1/2): 1
# of Baths (Full): 1

Room 1 Information
Type: Bedroom 4
Level: Second

Room 2 Information
Type: Office
Level: First

Room 3 Information
Type: Bedroom 3
Level: Second

Room 4 Information
Type: Bedroom 2
Level: Second

Room 5 Information
Type: Kitchen
Level: First

Room 6 Information
Type: Living Room
Level: First

Room 7 Information
Type: Dining Room
Level: First

Room 8 Information
Type: Bedroom 1
Level: Second

Basement Information
Basement Entry: Interior, Full, Sump Pump, Unfinished

Interior Features
# of Rooms: 8
Interior Features: Storage
Washer, Refrigerator, Electric Range, Dryer, Dishwasher
Flooring: Wood, Laminate, Carpet

Exterior

Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Block, Stone
Roof: Shingle
Total Building Area (Sq. Ft.): 1,360
Building Area Source: Public Records

Exterior Features
Patio & Porch Features: Deck, Porch
Other Structures: Outbuilding

Property Information
Property Sub Type: Single Family Residence
Year Built: 1969
Above-Grade Finished Area (Sq. Ft.): 1,360
Levels: Multi-Level

Lot Information
Lot Size (Sq. Ft.): $121,968
Lot Size (Acres): 2.8
Lot Size Source: Public Records
Lot Features: Well Landscaped, Open, Level, Near Shopping
Road Surface Type: Paved
Zoning: None

Financial

Tax Information
Annual Tax Amount: $2,140.94
Tax Year: 2023

Utilities

Utility Information
Has Heating
Heating: Zoned, Stove, Hot Water, Baseboard
Electric: Fuses, Circuit Breakers
Sewer: Septic Tank, Private Sewer
Water Source: Well, Private
Water Heater: Off Heating System

Location

Location Information
Unparsed Address: 37 Lakewood Road, Madison, ME 04950
Directions: On Rte. 201 Skowhegan towards Madison. Property on right, see sign. Property just on Skowhegan/Madison Townline.

Public facts

Beds: 4
Baths: 1.0
Sq. Ft.: 1,360
Stories: 2.0
Lot Size: 2.8 acres
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Somerset County
APN: 512106

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Main Street Middle School

Public 3-6 • Assigned • 6.7mi

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

5/10 Flood Factor

Estimated 19-29% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 90° expected this year, 15 days in 30 years

4/10 Wind Factor

10% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Madison, ME • 04950

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 7.6 hours in June and 3 hours in December, placing it below the U.S. average for solar exposure.

7.6 hrs

3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$314,000 – $380,000

Sell confidently with a local market expert in Madison. 3 minutes to get started.

Nearby similar homes

$245,000

5 beds1 bath1,768 sq ft

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2 beds2 baths2,300 sq ft

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New listings for sale in 04950

$279,900

3 beds2 baths1,291 sq ft

365 Ward Hill Rd, Madison, ME 04950

$59,000

3 beds2 baths980 sq ft

26 Hidden Acres Dr, Madison, ME 04950

$335,000

3 beds1 bath2,024 sq ft

355 River Rd, Madison, ME 04950

$249,000

4 beds2 baths2,304 sq ft

43 Park St, Madison, ME 04950

$140,000

3 beds2 baths924 sq ft

950 Lakewood Rd, Madison, ME 04950

$255,000

1 bed1 bath2,880 sq ft

106 Nichols St, Madison, ME 04950

Home values near 37 Lakewood Rd

Data from public records.

Address	Redfin Estimate
44 Lakewood Road, Madison, ME 3 Beds \| 1 Baths \| 1188 Sq. Ft.	$229,803

Address	Redfin Estimate
19 Lakewood Road, Madison, ME 2 Beds \| 1 Baths \| 812 Sq. Ft.	$153,155

Address	Redfin Estimate
8 Goodwin Drive, Madison, ME 3 Beds \| 1 Baths \| 1260 Sq. Ft.	$162,339

Property information provided by MREIS when last listed in 2024. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 04950, ME

Sale history for 37 Lakewood Rd

Tax history for 37 Lakewood Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 04950

Home values near 37 Lakewood Rd

More real estate resources