This home's estimate is 42% higher than the average sale price ($166K) of 6 comparable homes.
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505 Main St, Madison, ME 04950
About this home
Sweet, affordable and well-built 1960 ranch with attached two-car garage is conveniently located near Madison Area Memorial High School and downtown Madison. A breezeway between the garage and the house functions as a space to remove your shoes or sit and relax with your morning coffee or greet your guests. Efficient original kitchen with birch cabinets, peninsula, and picture window over kitchen sink includes a small dining area. The living room features a picture window, and the original hardwood floors appear to be under the carpeting as is visible near the home's art deco front door. Two bedrooms are located at either end of the back of the home. One with wood floors exposed, and it is presumed that there are wood floors under the carpeting of the second bedroom. The first-floor bathroom with tub/shower offers original built-in linen closet and clothes hamper. Storage options are numerous in this home, with linen and coat closets in the back hall, built-in dresser in the second bedroom, and just off the kitchen is the convenient walk-up attic. The basement feels like finished space, as it is dry enough to have carpets on the painted concrete floors, and features a second full bath. A large shed/garage is located in the back yard, but be sure to look at the tax map, as the land continues back into the woods. Call today to view this charming affordable home.
Redfin Estimate
Market trends in 04950, ME
Last updated October 2026
Buyer's Market
Seller's Market
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Provided by Redfin
Sale history for 505 Main St
$206/sq ft
$211/sq ft
$221/sq ft
Tax history for 505 Main St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Has Garage
- Attached Garage: Yes
- # of Garage Spaces: 2
- Parking Features: 1 - 4 Spaces, Paved, Inside Entrance
- Vehicle Storage: 2 Car, Attached, Direct Entry to Living
Interior
- Bathroom Information
- # of Baths (Full): 2
- Room 1 Information
- Type: Bedroom 1
- Level: First
- Features: Closet
- Room 2 Information
- Type: Kitchen
- Level: First
- Room 3 Information
- Type: Bedroom 3
- Level: First
- Features: Built-Ins, Closet
- Room 4 Information
- Type: Dining Room
- Level: First
- Room 5 Information
- Type: Sunroom
- Level: First
- Room 6 Information
- Type: Living Room
- Level: First
- Basement Information
- Basement Entry: Interior, Finished, Full
- Interior Features
- # of Rooms: 6
- Interior Features: 1st Floor Bedroom, Attic, One-Floor Living
- Flooring: Wood, Vinyl, Carpet
Exterior
- Building Information
- Construction Materials: Vinyl Siding, Aluminum Siding, Wood Frame
- Foundation Details: Concrete Perimeter
- Roof: Shingle
- Total Building Area (Sq. Ft.): 972
- Building Area Source: Public Records
- Property Information
- Property Sub Type: Single Family Residence
- Year Built: 1960
- Above-Grade Finished Area (Sq. Ft.): 972
- Lot Information
- Lot Size (Sq. Ft.): $47,916
- Lot Size (Acres): 1.1
- Lot Size Source: Public Records
- Lot Features: Open, Level, Interior Lot, Near Town, Neighborhood, Rural
- Road Surface Type: Paved
- Zoning: RES
Financial
- Tax Information
- Annual Tax Amount: $1,713
- Tax Year: 2023
Utilities
- Utility Information
- Has Heating
- Heating: Zoned, Hot Water, Baseboard
- Has Cooling
- Cooling: Wall/Window Unit(s)
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Water Heater: Off Heating System
Location
- Location Information
- Unparsed Address: 505 Main Street, Madison, ME 04950
Public facts
- Beds: 2
- Baths: 1.0
- Sq. Ft.: 884
- Stories: 1.0
- Lot Size: 1.1 acres
- Style: Multi-Family (2-4 Unit)
- Year Built: 1960
- Year Renovated: —
- County: Somerset County
- APN: 512069
Around this home
Schools
- K - 12
- Preschool & daycare
Public 3-6 • Assigned • 1.4mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 90° expected this year, 15 days in 30 years
10% chance of strong winds in next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 7.6 hours in June and 2.9 hours in December, placing it below the U.S. average for solar exposure.
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Nearby similar homes
New listings for sale in 04950
Home values near 505 Main St
| Address | Redfin Estimate |
|---|---|
- Beds | 1.5 Baths | 1530 Sq. Ft. | $239,100 |
3 Beds | 1 Baths | 1456 Sq. Ft. | — |
2 Beds | 1 Baths | 1056 Sq. Ft. | $218,995 |
3 Beds | 1 Baths | 1344 Sq. Ft. | $178,826 |
- Beds | 1 Baths | 776 Sq. Ft. | $138,592 |
3 Beds | 1 Baths | 1456 Sq. Ft. | $187,495 |
3 Beds | 1 Baths | 1344 Sq. Ft. | $147,109 |
| Address | Redfin Estimate |
|---|---|
5 Beds | 2 Baths | 1800 Sq. Ft. | $200,502 |
1 Beds | 1 Baths | 840 Sq. Ft. | $150,514 |
2 Beds | 1 Baths | 832 Sq. Ft. | $130,428 |
2 Beds | 1 Baths | 976 Sq. Ft. | $252,185 |
3 Beds | 1 Baths | 920 Sq. Ft. | $168,815 |
- Beds | 1.5 Baths | 1530 Sq. Ft. | $233,409 |
3 Beds | 1 Baths | 1212 Sq. Ft. | $178,988 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1394 Sq. Ft. | $231,548 |
3 Beds | 1 Baths | 920 Sq. Ft. | $177,021 |
3 Beds | 1 Baths | 840 Sq. Ft. | $152,765 |
2 Beds | 1 Baths | 1232 Sq. Ft. | — |
3 Beds | 1 Baths | 840 Sq. Ft. | $150,450 |
2 Beds | 1 Baths | 1232 Sq. Ft. | $187,539 |
2 Beds | 1 Baths | 832 Sq. Ft. | $107,713 |
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